HKG:1935 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	952.62	980.84	873.35	819.36	684.6
Revenue Growth (YoY)	-2.88%	12.31%	6.59%	19.68%	21.96%
Cost of Revenue	467.77	353.62	305.38	305.27	263.92
Gross Profit	484.85	627.23	567.97	514.08	420.68
Selling, General & Admin	151.62	136.6	115.21	78.9	48.92
Other Operating Expenses	7.95	8.35	28.52	8.22	7.06
Operating Expenses	159.57	144.95	143.73	87.12	55.97
Operating Income	325.29	482.28	424.24	426.96	364.7
Interest Expense	-3.95	-0.02	-0.02	-0.61	-0.02
Interest & Investment Income	30.13	47.97	52.93	32.62	26.97
Currency Exchange Gain (Loss)	0.57	-	0.35	0.04	0.79
Other Non Operating Income (Expenses)	48.6	29.71	30.69	24.45	19.42
EBT Excluding Unusual Items	400.63	559.95	508.19	483.47	411.85
Gain (Loss) on Sale of Investments	-	-	-	-	0.19
Gain (Loss) on Sale of Assets	-80.56	-1.98	-1.41	-0.11	-2.31
Asset Writedown	-14.49	-35.02	-2.45	-8.53	-
Pretax Income	305.58	522.95	504.33	474.82	409.73
Income Tax Expense	3.31	84.51	1.52	1.88	0.76
Earnings From Continuing Operations	302.26	438.44	502.81	472.94	408.97
Minority Interest in Earnings	-76.61	-125.61	-114.62	-106.22	-82.93
Net Income	225.65	312.82	388.2	366.73	326.04
Net Income to Common	225.65	312.82	388.2	366.73	326.04
Net Income Growth	-27.87%	-19.42%	5.85%	12.48%	22.60%
Shares Outstanding (Basic)	1,601	1,601	1,601	1,601	1,601
Shares Outstanding (Diluted)	1,601	1,601	1,601	1,601	1,601
EPS (Basic)	0.14	0.20	0.24	0.23	0.20
EPS (Diluted)	0.14	0.20	0.24	0.23	0.20
EPS Growth	-27.87%	-19.42%	5.85%	12.48%	22.60%
Free Cash Flow	-	540.21	659.68	461.35	236.67
Free Cash Flow Per Share	-	0.34	0.41	0.29	0.15
Dividend Per Share	-	-	-	0.013	-
Gross Margin	50.90%	63.95%	65.03%	62.74%	61.45%
Operating Margin	34.15%	49.17%	48.58%	52.11%	53.27%
Profit Margin	23.69%	31.89%	44.45%	44.76%	47.63%
Free Cash Flow Margin	-	55.08%	75.53%	56.31%	34.57%
EBITDA	390.55	547.54	486.08	483.94	413.74
EBITDA Margin	41.00%	55.82%	55.66%	59.06%	60.44%
D&A For EBITDA	65.26	65.26	61.84	56.98	49.03
EBIT	325.29	482.28	424.24	426.96	364.7
EBIT Margin	34.15%	49.17%	48.58%	52.11%	53.27%
Effective Tax Rate	1.08%	16.16%	0.30%	0.40%	0.19%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.