Asiaray Media Group Limited (HKG:1993)

Revenue by Segment

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Metro and Billboards Business		399.60M	585.49M	596.37M	695.67M	501.89M
Metro and Billboards Business Growth		-31.75%	-1.82%	-14.27%	38.61%	-38.93%
Bus and Other Business		311.36M	503.93M	502.62M	568.46M	225.73M
Bus and Other Business Growth		-38.21%	0.26%	-11.58%	151.83%	14.90%
Airports Business		358.26M	519.36M	554.24M	630.89M	583.52M
Airports Business Growth		-31.02%	-6.29%	-12.15%	8.12%	-11.70%
Total		1.07B	1.61B	1.65B	1.90B	1.31B
Total Growth		-33.54%	-2.69%	-12.76%	44.53%	-21.91%

Revenue by Geography

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Mainland China		635.21M	967.69M	1.13B	1.34B	1.06B
Mainland China Growth		-34.36%	-14.10%	-15.70%	26.50%	-17.30%
Hong Kong and Others		434.01M	641.09M	526.70M	-	-
Hong Kong and Others Growth		-32.30%	21.72%	-	-	-
Hong Kong		-	-	-	558.70M	254.76M
Hong Kong Growth		-	-	-	119.30%	-36.58%
Total		1.07B	1.61B	1.65B	1.90B	1.31B
Total Growth		-33.54%	-2.69%	-12.76%	44.53%	-21.91%

Source: S&P Global Market Intelligence.