HKG:1396 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,003	2,603	3,531	3,168	5,571
Revenue Growth (YoY)	-61.48%	-26.28%	11.44%	-43.13%	49.07%
Cost of Revenue	1,532	3,225	3,509	3,214	4,836
Gross Profit	-529.53	-622.71	21.16	-45.97	735.25
Selling, General & Admin	248	145.22	277.7	463.5	669.5
Other Operating Expenses	-5.1	16.71	-30.08	9.08	-9.26
Operating Expenses	527.68	557.57	523.77	585.07	672.51
Operating Income	-1,057	-1,180	-502.62	-631.05	62.74
Interest Expense	-77.7	-39.04	-185.43	-336.21	-267.56
Interest & Investment Income	0.08	4.5	19.33	61.9	63.04
Earnings From Equity Investments	-	-0.27	-1.83	-0.8	-0.15
Currency Exchange Gain (Loss)	15.42	-18.27	-71.99	5.61	0.19
Other Non Operating Income (Expenses)	-10.69	-9.55	-43.6	-61.72	-29.22
EBT Excluding Unusual Items	-1,130	-1,243	-786.14	-962.27	-170.96
Gain (Loss) on Sale of Investments	-4.7	-5.51	8.25	-178.71	-88.25
Gain (Loss) on Sale of Assets	-1.92	-53.39	175.02	-69.66	-107.72
Asset Writedown	-130.7	-72.67	-415.38	-677.36	-9.7
Other Unusual Items	1,410	-200.51	-8.45	-28.62	20.95
Pretax Income	142.42	-1,575	-1,027	-1,917	-355.67
Income Tax Expense	86.35	466.32	178.91	-187.59	89.44
Earnings From Continuing Operations	56.07	-2,041	-1,206	-1,729	-445.11
Minority Interest in Earnings	16.98	206.73	-9.13	157.2	-53.37
Net Income	73.05	-1,835	-1,215	-1,572	-498.48
Net Income to Common	73.05	-1,835	-1,215	-1,572	-498.48
Shares Outstanding (Basic)	875	553	454	454	454
Shares Outstanding (Diluted)	1,086	553	454	454	454
Shares Change (YoY)	96.47%	21.82%	-	-	5.69%
EPS (Basic)	0.08	-3.32	-2.68	-3.46	-1.10
EPS (Diluted)	0.07	-3.32	-2.68	-3.46	-1.10
Free Cash Flow	351.6	941.05	1,451	-891.54	-3,592
Free Cash Flow Per Share	0.32	1.70	3.20	-1.97	-7.92
Gross Margin	-52.82%	-23.93%	0.60%	-1.45%	13.20%
Operating Margin	-105.45%	-45.35%	-14.24%	-19.92%	1.13%
Profit Margin	7.29%	-70.49%	-34.41%	-49.61%	-8.95%
Free Cash Flow Margin	35.07%	36.16%	41.09%	-28.14%	-64.48%
EBITDA	-928.98	-1,179	-499.61	-627.61	81.22
EBITDA Margin	-92.66%	-45.32%	-14.15%	-19.81%	1.46%
D&A For EBITDA	128.23	0.8	3.01	3.44	18.48
EBIT	-1,057	-1,180	-502.62	-631.05	62.74
EBIT Margin	-105.45%	-45.35%	-14.24%	-19.92%	1.13%
Effective Tax Rate	60.63%	-	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.