HKG:1800 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	744,215	766,936	753,687	717,448	681,644	623,527
Other Revenue	5,008	5,008	5,032	4,440	4,187	4,059
Revenue	749,223	771,944	758,719	721,887	685,831	627,586
Revenue Growth (YoY)	0.39%	1.74%	5.10%	5.26%	9.28%	12.99%
Cost of Revenue	659,429	676,979	662,552	636,607	599,472	545,647
Gross Profit	89,794	94,965	96,167	85,281	86,359	81,940
Selling, General & Admin	20,826	21,993	22,218	22,591	21,651	22,324
Research & Development	23,897	25,998	27,318	23,475	22,588	19,222
Other Operating Expenses	1,916	1,909	1,584	2,596	2,280	2,672
Operating Expenses	53,069	55,934	55,399	54,634	49,636	47,493
Operating Income	36,726	39,032	40,768	30,647	36,723	34,446
Interest Expense	-21,005	-22,002	-21,809	-20,345	-18,428	-15,960
Interest & Investment Income	23,829	24,241	23,898	22,657	14,815	10,322
Currency Exchange Gain (Loss)	595.02	595.02	1,114	1,773	-1,101	-1,344
Other Non Operating Income (Expenses)	-3,506	-3,131	-5,881	-5,320	-4,792	-3,415
EBT Excluding Unusual Items	36,638	38,735	38,090	29,411	27,218	24,050
Impairment of Goodwill	-	-	-195.67	-50	-	-
Gain (Loss) on Sale of Investments	-3,277	-2,584	-2,197	-136.22	178.98	213.88
Gain (Loss) on Sale of Assets	184.18	306.09	510.97	1,385	770.75	427.44
Asset Writedown	87.87	-29.65	-4.89	-82.09	-	-3.36
Legal Settlements	-	-	-	-241.04	-19.56	-
Other Unusual Items	-231.76	-231.76	55.78	897.82	511.15	686.68
Pretax Income	33,587	36,381	36,378	31,269	28,748	25,450
Income Tax Expense	6,023	6,034	6,142	6,259	5,250	6,101
Earnings From Continuing Operations	27,564	30,347	30,236	25,010	23,498	19,349
Net Income to Company	27,564	30,347	30,236	25,010	23,498	19,349
Minority Interest in Earnings	-6,807	-6,963	-6,420	-5,747	-5,503	-3,143
Net Income	20,757	23,384	23,816	19,263	17,995	16,206
Preferred Dividends & Other Adjustments	1,278	1,278	1,327	1,559	1,528	1,585
Net Income to Common	19,479	22,106	22,489	17,705	16,467	14,621
Net Income Growth	-12.48%	-1.81%	23.64%	7.05%	11.04%	-19.02%
Shares Outstanding (Basic)	16,137	16,166	16,166	16,166	16,166	16,170
Shares Outstanding (Diluted)	16,137	16,166	16,166	16,166	16,166	16,170
Shares Change (YoY)	-0.32%	-	-	-	-0.02%	-0.03%
EPS (Basic)	1.21	1.37	1.39	1.10	1.02	0.90
EPS (Diluted)	1.21	1.37	1.39	1.10	1.02	0.90
EPS Growth	-12.65%	-1.62%	26.92%	7.52%	13.18%	-22.28%
Free Cash Flow	-11,318	-14,762	-26,889	-33,030	-49,588	-78,333
Free Cash Flow Per Share	-0.70	-0.91	-1.66	-2.04	-3.07	-4.84
Dividend Per Share	0.280	0.302	0.293	0.217	0.204	0.181
Dividend Growth	-35.30%	3.11%	34.78%	6.56%	12.62%	-22.29%
Gross Margin	11.98%	12.30%	12.68%	11.81%	12.59%	13.06%
Operating Margin	4.90%	5.06%	5.37%	4.25%	5.36%	5.49%
Profit Margin	2.60%	2.86%	2.96%	2.45%	2.40%	2.33%
Free Cash Flow Margin	-1.51%	-1.91%	-3.54%	-4.58%	-7.23%	-12.48%
EBITDA	47,815	50,289	52,250	42,376	47,044	44,872
EBITDA Margin	6.38%	6.51%	6.89%	5.87%	6.86%	7.15%
D&A For EBITDA	11,090	11,258	11,482	11,729	10,321	10,426
EBIT	36,726	39,032	40,768	30,647	36,723	34,446
EBIT Margin	4.90%	5.06%	5.37%	4.25%	5.35%	5.49%
Effective Tax Rate	17.93%	16.59%	16.88%	20.02%	18.26%	23.97%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.