HKG:1738 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	356.77	308.31	990.79	1,603	1,121
Revenue Growth (YoY)	15.72%	-68.88%	-38.20%	43.01%	10.65%
Cost of Revenue	429.04	293.6	694.32	864.46	664.37
Gross Profit	-72.26	14.71	296.47	738.74	456.64
Selling, General & Admin	136.72	160.11	264.85	279.08	240.4
Other Operating Expenses	104.72	87.01	117.99	176.32	101.71
Operating Expenses	241.44	247.13	382.84	455.4	340.15
Operating Income	-313.7	-232.42	-86.37	283.34	116.49
Interest Expense	-154.6	-152.01	-140.99	-151.38	-160.55
Interest & Investment Income	0.01	0.63	2.05	0.58	1.91
Earnings From Equity Investments	-	-	-	-0.16	-0.24
Other Non Operating Income (Expenses)	-	-0.03	-0.57	-0.3	-0.12
EBT Excluding Unusual Items	-468.29	-383.83	-225.88	132.08	-42.51
Asset Writedown	-204.8	-160.1	-262.73	-	-
Pretax Income	-673.09	-543.93	-488.61	132.08	-42.51
Income Tax Expense	52.79	24.77	30.46	58.13	50.38
Earnings From Continuing Operations	-725.88	-568.7	-519.07	73.95	-92.89
Earnings From Discontinued Operations	-0.39	-0.4	-0.59	27.12	-3.56
Net Income to Company	-726.27	-569.11	-519.66	101.07	-96.45
Minority Interest in Earnings	100.24	30.08	26.24	-47.96	-17.39
Net Income	-626.03	-539.03	-493.42	53.11	-113.84
Net Income to Common	-626.03	-539.03	-493.42	53.11	-113.84
Shares Outstanding (Basic)	1,391	1,381	1,381	1,381	1,381
Shares Outstanding (Diluted)	1,391	1,381	1,381	1,381	1,381
Shares Change (YoY)	0.77%	-	-	-	-
EPS (Basic)	-0.45	-0.39	-0.36	0.04	-0.08
EPS (Diluted)	-0.45	-0.39	-0.36	0.04	-0.08
Free Cash Flow	-	-51.37	158.27	388.04	110.31
Free Cash Flow Per Share	-	-0.04	0.12	0.28	0.08
Gross Margin	-20.25%	4.77%	29.92%	46.08%	40.73%
Operating Margin	-87.93%	-75.39%	-8.72%	17.67%	10.39%
Profit Margin	-175.47%	-174.84%	-49.80%	3.31%	-10.15%
Free Cash Flow Margin	-	-16.66%	15.97%	24.20%	9.84%
EBITDA	-221.19	-139.91	126.69	584.18	336.55
EBITDA Margin	-62.00%	-45.38%	12.79%	36.44%	30.02%
D&A For EBITDA	92.51	92.51	213.07	300.84	220.07
EBIT	-313.7	-232.42	-86.37	283.34	116.49
EBIT Margin	-87.93%	-75.39%	-8.72%	17.67%	10.39%
Effective Tax Rate	-	-	-	44.02%	-

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