HKG:1927 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	308.14	315.03	351.77	376.41	409.83
Revenue Growth (YoY)	-2.19%	-10.44%	-6.55%	-8.15%	2.14%
Cost of Revenue	226.27	227.65	252.25	264.56	279.63
Gross Profit	81.87	87.38	99.51	111.85	130.19
Selling, General & Admin	66.85	64.23	69.43	70.78	66.13
Operating Expenses	69.88	72.93	70.19	71.03	66.19
Operating Income	12	14.45	29.32	40.81	64
Interest Expense	-12.28	-13.83	-13.59	-13.08	-12.29
Interest & Investment Income	-	0.03	0.17	0.1	0.2
Currency Exchange Gain (Loss)	-	1.7	-0.5	1.58	0.22
Other Non Operating Income (Expenses)	-6.35	0.24	0.03	0.03	0.03
EBT Excluding Unusual Items	-6.63	2.59	15.43	29.45	52.16
Gain (Loss) on Sale of Assets	-	-1.34	-5.68	-6.1	-0
Other Unusual Items	-	0.25	1.31	2.09	-10.33
Pretax Income	-6.63	1.5	11.06	25.44	41.82
Income Tax Expense	1.01	5.12	6.14	9.37	14.53
Net Income	-7.63	-3.62	4.92	16.07	27.29
Net Income to Common	-7.63	-3.62	4.92	16.07	27.29
Net Income Growth	-	-	-69.38%	-41.13%	-38.09%
Shares Outstanding (Basic)	763	792	792	792	752
Shares Outstanding (Diluted)	763	792	792	792	752
Shares Change (YoY)	-3.62%	-	-	5.34%	26.57%
EPS (Basic)	-0.01	-0.00	0.01	0.02	0.04
EPS (Diluted)	-0.01	-0.00	0.01	0.02	0.04
EPS Growth	-	-	-69.38%	-44.11%	-51.09%
Free Cash Flow	-	-24.75	-25.83	-14.89	-66.04
Free Cash Flow Per Share	-	-0.03	-0.03	-0.02	-0.09
Gross Margin	26.57%	27.74%	28.29%	29.71%	31.77%
Operating Margin	3.89%	4.59%	8.33%	10.84%	15.62%
Profit Margin	-2.48%	-1.15%	1.40%	4.27%	6.66%
Free Cash Flow Margin	-	-7.86%	-7.34%	-3.96%	-16.11%
EBITDA	25.38	27.83	45.41	58.82	81.19
EBITDA Margin	8.24%	8.83%	12.91%	15.63%	19.81%
D&A For EBITDA	13.38	13.38	16.09	18	17.18
EBIT	12	14.45	29.32	40.81	64
EBIT Margin	3.89%	4.59%	8.33%	10.84%	15.62%
Effective Tax Rate	-	342.34%	55.53%	36.84%	34.75%

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