HKG:1938 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	2,352	2,940	2,651	2,362	1,813
Revenue Growth (YoY)	-20.00%	10.90%	12.23%	30.26%	58.82%
Cost of Revenue	1,916	2,422	2,100	1,891	1,629
Gross Profit	435.53	517.41	550.4	470.62	184.07
Selling, General & Admin	305.27	325.24	335.56	300.89	316.54
Other Operating Expenses	88.53	110.97	179.55	82.54	31.87
Operating Expenses	393.8	436.21	515.11	383.43	348.41
Operating Income	41.73	81.21	35.29	87.19	-164.33
Interest Expense	-93.58	-110.22	-94.55	-44.64	-144.25
Interest & Investment Income	1.66	0.18	0.18	3.74	2.58
Earnings From Equity Investments	-	-	-	-	-15.02
Currency Exchange Gain (Loss)	7.43	15.56	15.11	16.42	-33.48
Other Non Operating Income (Expenses)	67.78	197.7	14.68	233.25	24.93
EBT Excluding Unusual Items	25.01	184.42	-29.29	295.96	-329.58
Gain (Loss) on Sale of Investments	-	-	73.79	-	-
Gain (Loss) on Sale of Assets	79.52	-0.36	1.12	-106.7	1,250
Asset Writedown	-9.45	-9.79	-2	-8	-613.77
Legal Settlements	-	-7.76	-4.54	-18.8	-29.29
Pretax Income	95.08	166.51	39.08	162.47	277.23
Income Tax Expense	-151.23	-46.16	-144.7	-0.57	371.58
Earnings From Continuing Operations	246.31	212.67	183.78	163.03	-94.35
Net Income	246.31	212.67	183.78	163.03	-94.35
Net Income to Common	246.31	212.67	183.78	163.03	-94.35
Net Income Growth	15.82%	15.72%	12.72%	-	-
Shares Outstanding (Basic)	1,011	1,011	1,011	1,011	1,011
Shares Outstanding (Diluted)	1,011	1,011	1,011	1,011	1,011
EPS (Basic)	0.24	0.21	0.18	0.16	-0.09
EPS (Diluted)	0.24	0.21	0.18	0.16	-0.09
EPS Growth	15.82%	15.72%	12.72%	-	-
Free Cash Flow	-	143.54	334.81	140.76	-942.43
Free Cash Flow Per Share	-	0.14	0.33	0.14	-0.93
Gross Margin	18.52%	17.60%	20.76%	19.93%	10.15%
Operating Margin	1.77%	2.76%	1.33%	3.69%	-9.06%
Profit Margin	10.47%	7.23%	6.93%	6.90%	-5.20%
Free Cash Flow Margin	-	4.88%	12.63%	5.96%	-51.97%
EBITDA	106.87	146.35	61.17	148.63	-114.28
EBITDA Margin	4.54%	4.98%	2.31%	6.29%	-6.30%
D&A For EBITDA	65.14	65.14	25.88	61.43	50.05
EBIT	41.73	81.21	35.29	87.19	-164.33
EBIT Margin	1.77%	2.76%	1.33%	3.69%	-9.06%
Effective Tax Rate	-	-	-	-	134.03%

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