HKG:1800 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Revenue	726,701	725,399	766,936	753,687	717,448	681,644
Other Revenue	5,710	5,710	5,008	5,032	4,440	4,187
Revenue	732,411	731,109	771,944	758,719	721,887	685,831
Revenue Growth (YoY)	-2.30%	-5.29%	1.74%	5.10%	5.26%	9.28%
Cost of Revenue	651,378	648,058	676,979	662,552	636,607	599,472
Gross Profit	81,033	83,051	94,965	96,167	85,281	86,359
Selling, General & Admin	20,342	20,479	21,993	22,218	22,591	21,651
Research & Development	23,886	24,703	25,998	27,318	23,475	22,588
Other Operating Expenses	2,016	1,980	1,909	1,584	2,596	2,280
Operating Expenses	52,340	52,749	55,934	55,399	54,634	49,636
Operating Income	28,693	30,301	39,032	40,768	30,647	36,723
Interest Expense	-21,134	-20,673	-22,002	-21,809	-20,345	-18,428
Interest & Investment Income	24,003	22,869	24,241	23,898	22,657	14,815
Currency Exchange Gain (Loss)	-185.8	-185.8	595.02	1,114	1,773	-1,101
Other Non Operating Income (Expenses)	-5,442	-5,065	-3,410	-5,881	-5,320	-4,792
EBT Excluding Unusual Items	25,934	27,247	38,456	38,090	29,411	27,218
Impairment of Goodwill	-0.65	-0.65	-	-195.67	-50	-
Gain (Loss) on Sale of Investments	-1,107	-999.14	-2,584	-2,197	-136.22	178.98
Gain (Loss) on Sale of Assets	219.95	218.8	306.09	510.97	1,385	770.75
Asset Writedown	-538.12	-432.66	-29.65	-4.89	-82.09	-
Legal Settlements	-	-	-	-	-241.04	-19.56
Other Unusual Items	710.45	710.45	46.55	55.78	897.82	511.15
Pretax Income	25,453	26,979	36,381	36,378	31,269	28,748
Income Tax Expense	6,045	6,175	6,034	6,142	6,259	5,250
Earnings From Continuing Operations	19,409	20,804	30,347	30,236	25,010	23,498
Net Income to Company	19,409	20,804	30,347	30,236	25,010	23,498
Minority Interest in Earnings	-6,021	-6,053	-6,963	-6,420	-5,747	-5,503
Net Income	13,387	14,751	23,384	23,816	19,263	17,995
Preferred Dividends & Other Adjustments	1,020	1,020	1,278	1,327	1,559	1,528
Net Income to Common	12,368	13,732	22,106	22,489	17,705	16,467
Net Income Growth	-41.05%	-36.92%	-1.81%	23.64%	7.05%	11.04%
Shares Outstanding (Basic)	16,181	16,178	16,166	16,166	16,166	16,166
Shares Outstanding (Diluted)	16,183	16,180	16,166	16,166	16,166	16,166
Shares Change (YoY)	0.07%	0.09%	-	-	-	-0.02%
EPS (Basic)	0.76	0.85	1.37	1.39	1.10	1.02
EPS (Diluted)	0.76	0.85	1.37	1.39	1.10	1.02
EPS Growth	-42.32%	-37.93%	-1.62%	26.92%	7.52%	13.18%
Free Cash Flow	-25,923	-21,514	-14,762	-26,889	-33,030	-49,588
Free Cash Flow Per Share	-1.60	-1.33	-0.91	-1.66	-2.04	-3.07
Dividend Per Share	0.195	0.195	0.302	0.293	0.217	0.204
Dividend Growth	-35.40%	-35.40%	3.11%	34.78%	6.56%	12.62%
Gross Margin	11.06%	11.36%	12.30%	12.68%	11.81%	12.59%
Operating Margin	3.92%	4.15%	5.06%	5.37%	4.25%	5.36%
Profit Margin	1.69%	1.88%	2.86%	2.96%	2.45%	2.40%
Free Cash Flow Margin	-3.54%	-2.94%	-1.91%	-3.54%	-4.58%	-7.23%
EBITDA	41,592	42,920	50,526	52,250	42,376	47,044
EBITDA Margin	5.68%	5.87%	6.54%	6.89%	5.87%	6.86%
D&A For EBITDA	12,899	12,618	11,495	11,482	11,729	10,321
EBIT	28,693	30,301	39,032	40,768	30,647	36,723
EBIT Margin	3.92%	4.15%	5.06%	5.37%	4.25%	5.35%
Effective Tax Rate	23.75%	22.89%	16.59%	16.88%	20.02%	18.26%
Revenue as Reported	1,302	-	-	-	-	-

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