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
Airports Business	181.70M	358.26M	519.36M	554.24M	630.89M
Airports Business Growth	-49.28%	-31.02%	-6.29%	-12.15%	8.12%
Metro and Billboards Business	497.50M	399.60M	585.49M	596.37M	695.67M
Metro and Billboards Business Growth	24.50%	-31.75%	-1.82%	-14.27%	38.61%
Bus and Other Business	236.93M	311.36M	503.93M	502.62M	568.46M
Bus and Other Business Growth	-23.90%	-38.21%	0.26%	-11.58%	151.83%
Total	916.13M	1.07B	1.61B	1.65B	1.90B
Total Growth	-14.32%	-33.54%	-2.69%	-12.76%	44.53%

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	570.45M	635.21M	967.69M	1.13B	1.34B
Mainland China Growth	-10.20%	-34.36%	-14.10%	-15.70%	26.50%
Hong Kong and Others	345.69M	434.01M	641.09M	526.70M	-
Hong Kong and Others Growth	-20.35%	-32.30%	21.72%	-	-
Hong Kong	-	-	-	-	558.70M
Hong Kong Growth	-	-	-	-	119.30%
Total	916.13M	1.07B	1.61B	1.65B	1.90B
Total Growth	-14.32%	-33.54%	-2.69%	-12.76%	44.53%

Source: S&P Global Market Intelligence.