HKG:1965 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	778.51	788.61	931.28	889.45	737.22
Revenue Growth (YoY)	-1.28%	-15.32%	4.70%	20.65%	22.68%
Cost of Revenue	636.78	720.8	785.9	691.25	551.15
Gross Profit	141.73	67.81	145.38	198.21	186.07
Selling, General & Admin	101.23	115.79	136.87	123.58	110.02
Other Operating Expenses	-2.24	-0.18	-2.94	-11.91	-4.29
Operating Expenses	108.96	287.95	314.94	157.59	117.96
Operating Income	32.77	-220.14	-169.57	40.62	68.11
Interest Expense	-0.06	-0.07	-0.12	-0.08	-0.05
Interest & Investment Income	0.8	1.2	1.49	2.21	2.1
Earnings From Equity Investments	0.57	-0.51	0.91	0.82	0.23
Currency Exchange Gain (Loss)	-0.03	-0	0.05	-3.99	2.29
EBT Excluding Unusual Items	34.05	-219.52	-167.24	39.59	72.68
Impairment of Goodwill	-	-123.27	-	-	-
Gain (Loss) on Sale of Investments	0.4	-	-	-	1.48
Gain (Loss) on Sale of Assets	-0.9	2.02	0.04	1.57	2.41
Asset Writedown	-	-16.95	-	-	-
Legal Settlements	-1.07	-5.44	-	-	-
Other Unusual Items	-	0.1	-0.07	0.03	-
Pretax Income	32.49	-363.07	-167.27	41.19	76.56
Income Tax Expense	10.21	-43.7	-32	11.9	18.22
Earnings From Continuing Operations	22.28	-319.37	-135.26	29.29	58.34
Minority Interest in Earnings	0.73	1.04	1.03	-0.87	-0.01
Net Income	23.01	-318.33	-134.23	28.42	58.33
Net Income to Common	23.01	-318.33	-134.23	28.42	58.33
Net Income Growth	-	-	-	-51.28%	-11.03%
Shares Outstanding (Basic)	383	383	385	386	329
Shares Outstanding (Diluted)	383	383	385	387	329
Shares Change (YoY)	-	-0.51%	-0.43%	17.56%	19.12%
EPS (Basic)	0.06	-0.83	-0.35	0.07	0.18
EPS (Diluted)	0.06	-0.83	-0.35	0.07	0.18
EPS Growth	-	-	-	-58.45%	-25.48%
Free Cash Flow	56.2	-35.12	115.09	47.18	-6.99
Free Cash Flow Per Share	0.15	-0.09	0.30	0.12	-0.02
Gross Margin	18.20%	8.60%	15.61%	22.28%	25.24%
Operating Margin	4.21%	-27.91%	-18.21%	4.57%	9.24%
Profit Margin	2.96%	-40.37%	-14.41%	3.19%	7.91%
Free Cash Flow Margin	7.22%	-4.45%	12.36%	5.30%	-0.95%
EBITDA	47.74	-198.92	-152.46	48.02	71.05
EBITDA Margin	6.13%	-25.22%	-16.37%	5.40%	9.64%
D&A For EBITDA	14.98	21.22	17.1	7.4	2.94
EBIT	32.77	-220.14	-169.57	40.62	68.11
EBIT Margin	4.21%	-27.91%	-18.21%	4.57%	9.24%
Effective Tax Rate	31.44%	-	-	28.89%	23.80%

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