HKG:1597 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	139.13	148.28	284.08	219.95	312.86
Revenue Growth (YoY)	-6.17%	-47.80%	29.15%	-29.70%	-7.68%
Cost of Revenue	141.95	157.25	257.13	192.39	266.99
Gross Profit	-2.82	-8.97	26.95	27.56	45.87
Selling, General & Admin	28.91	30.27	39	21.38	20.74
Other Operating Expenses	-2.17	-1.55	-3.65	-6	-4.56
Operating Expenses	39.29	28.72	35.35	15.39	16.18
Operating Income	-42.11	-37.69	-8.4	12.17	29.69
Interest Expense	-1.71	-4.16	-3.4	-2.41	-4.44
Interest & Investment Income	-	0.96	0.37	0.45	0.4
Earnings From Equity Investments	-	-	-	-	-2.07
Currency Exchange Gain (Loss)	0.01	-0.07	-0.24	-1.82	-0.12
EBT Excluding Unusual Items	-43.81	-40.96	-11.66	8.39	23.47
Gain (Loss) on Sale of Investments	-	2.29	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	0.1	-
Other Unusual Items	-0.17	-3.41	-	-1.25	-
Pretax Income	-43.98	-42.08	-11.66	7.24	23.47
Income Tax Expense	0.8	-2.65	0.82	1.86	2.13
Earnings From Continuing Operations	-44.78	-39.43	-12.48	5.37	21.35
Minority Interest in Earnings	3.53	4.7	2.34	-	-0.28
Net Income	-41.25	-34.73	-10.14	5.37	21.07
Net Income to Common	-41.25	-34.73	-10.14	5.37	21.07
Net Income Growth	-	-	-	-74.49%	-47.55%
Shares Outstanding (Basic)	250	250	250	250	250
Shares Outstanding (Diluted)	250	250	250	250	250
Shares Change (YoY)	-	-	-	-	25.13%
EPS (Basic)	-0.16	-0.14	-0.04	0.02	0.08
EPS (Diluted)	-0.16	-0.14	-0.04	0.02	0.08
EPS Growth	-	-	-	-74.49%	-58.09%
Free Cash Flow	-	-19.04	-16.73	17.74	-2.22
Free Cash Flow Per Share	-	-0.08	-0.07	0.07	-0.01
Gross Margin	-2.02%	-6.05%	9.49%	12.53%	14.66%
Operating Margin	-30.27%	-25.41%	-2.96%	5.53%	9.49%
Profit Margin	-29.65%	-23.42%	-3.57%	2.44%	6.73%
Free Cash Flow Margin	-	-12.84%	-5.89%	8.07%	-0.71%
EBITDA	-23.03	-18.61	3.34	22.31	38.43
EBITDA Margin	-16.55%	-12.55%	1.18%	10.14%	12.28%
D&A For EBITDA	19.08	19.08	11.74	10.15	8.74
EBIT	-42.11	-37.69	-8.4	12.17	29.69
EBIT Margin	-30.27%	-25.41%	-2.96%	5.53%	9.49%
Effective Tax Rate	-	-	-	25.74%	9.07%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.