Redco Properties Group 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	2,399	8,201	5,339	18,636	20,396
Revenue Growth (YoY)	-70.75%	53.59%	-71.35%	-8.63%	63.80%
Cost of Revenue	3,796	10,902	4,775	20,943	15,633
Gross Profit	-1,397	-2,701	564.66	-2,307	4,763
Selling, General & Admin	465.57	577.9	1,019	1,629	2,047
Other Operating Expenses	-6.34	-5.05	-17.57	-16.19	-37.76
Operating Expenses	466.85	583.11	1,001	1,639	2,010
Operating Income	-1,864	-3,285	-436.65	-3,946	2,753
Interest Expense	-1,474	-262.21	-162.98	-64.5	-19.48
Interest & Investment Income	4.34	5.69	31.52	70.5	149.61
Earnings From Equity Investments	0.37	-20.48	41.41	-206.35	-11.76
Currency Exchange Gain (Loss)	-41.79	49.87	22.23	54.48	-34.61
Other Non Operating Income (Expenses)	-63.08	-	-	-311.54	-
EBT Excluding Unusual Items	-3,438	-3,512	-504.47	-4,403	2,837
Gain (Loss) on Sale of Investments	-0.32	14.47	19.84	-30.52	539.92
Gain (Loss) on Sale of Assets	-14.59	-158.53	-147.27	-629.69	31.63
Asset Writedown	-195.02	-165.34	-549.04	-357.38	250.91
Other Unusual Items	-0.09	-1.32	-44.14	-29.19	197.57
Pretax Income	-3,648	-3,822	-1,225	-5,450	3,857
Income Tax Expense	284.01	-134.11	644.74	345.94	1,342
Earnings From Continuing Operations	-3,932	-3,688	-1,870	-5,796	2,515
Minority Interest in Earnings	979	928.64	313.89	1,033	-1,631
Net Income	-2,953	-2,760	-1,556	-4,763	883.96
Net Income to Common	-2,953	-2,760	-1,556	-4,763	883.96
Net Income Growth	-	-	-	-	-31.79%
Shares Outstanding (Basic)	3,552	3,552	3,552	3,552	3,552
Shares Outstanding (Diluted)	3,552	3,552	3,552	3,552	3,552
EPS (Basic)	-0.83	-0.78	-0.44	-1.34	0.25
EPS (Diluted)	-0.83	-0.78	-0.44	-1.34	0.25
EPS Growth	-	-	-	-	-31.79%
Free Cash Flow	-	-592.16	1,033	64.28	1,250
Free Cash Flow Per Share	-	-0.17	0.29	0.02	0.35
Gross Margin	-58.25%	-32.94%	10.57%	-12.38%	23.35%
Operating Margin	-77.71%	-40.05%	-8.18%	-21.17%	13.50%
Profit Margin	-123.11%	-33.65%	-29.14%	-25.56%	4.33%
Free Cash Flow Margin	-	-7.22%	19.35%	0.34%	6.13%
EBITDA	-1,813	-3,234	-358.4	-3,912	2,812
EBITDA Margin	-75.60%	-39.43%	-6.71%	-20.99%	13.79%
D&A For EBITDA	50.57	50.57	78.25	34.3	58.84
EBIT	-1,864	-3,285	-436.65	-3,946	2,753
EBIT Margin	-77.71%	-40.05%	-8.18%	-21.17%	13.50%
Effective Tax Rate	-	-	-	-	34.80%

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