HKG:2023 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	1,118	906.85	705.75	534.7	476.4
Revenue Growth (YoY)	23.33%	28.49%	31.99%	12.24%	-15.87%
Cost of Revenue	966.79	765.01	572.64	451.33	347.81
Gross Profit	151.61	141.84	133.11	83.38	128.59
Selling, General & Admin	99.4	87.19	86.08	76.63	90.44
Other Operating Expenses	-31.67	-6.91	-12.99	-18.15	-4.81
Operating Expenses	67.73	85.52	71.43	64.88	86.64
Operating Income	83.88	56.32	61.69	18.49	41.95
Interest Expense	-1.07	-8.68	-11.45	-13.66	-17.48
Interest & Investment Income	0.39	0.88	0.46	0.63	0.58
Earnings From Equity Investments	-1.38	0.41	0.13	0.2	-1.5
Currency Exchange Gain (Loss)	-4.34	13.27	4.26	15.14	-9.58
Other Non Operating Income (Expenses)	-	0.01	-1.37	1.34	-2.87
EBT Excluding Unusual Items	77.49	62.22	53.72	22.15	11.11
Gain (Loss) on Sale of Investments	-2	-3.42	-5.13	0.79	-5.39
Asset Writedown	1.07	-	-	0.1	0.1
Other Unusual Items	-1.99	0.04	-0.09	1.7	34.24
Pretax Income	74.57	58.84	48.5	24.74	40.05
Income Tax Expense	18.3	7.56	4.94	2.69	4.82
Earnings From Continuing Operations	56.26	51.28	43.56	22.05	35.23
Minority Interest in Earnings	-0.01	0.02	0.02	0.27	0.27
Net Income	56.26	51.3	43.58	22.32	35.5
Net Income to Common	56.26	51.3	43.58	22.32	35.5
Net Income Growth	9.66%	17.71%	95.24%	-37.11%	-12.39%
Shares Outstanding (Basic)	492	492	492	492	492
Shares Outstanding (Diluted)	492	492	492	492	492
EPS (Basic)	0.11	0.10	0.09	0.05	0.07
EPS (Diluted)	0.11	0.10	0.09	0.05	0.07
EPS Growth	9.66%	17.71%	95.24%	-37.11%	-12.39%
Free Cash Flow	-107.86	122.6	-79.17	-119.92	-124.46
Free Cash Flow Per Share	-0.22	0.25	-0.16	-0.24	-0.25
Gross Margin	13.56%	15.64%	18.86%	15.59%	26.99%
Operating Margin	7.50%	6.21%	8.74%	3.46%	8.81%
Profit Margin	5.03%	5.66%	6.17%	4.17%	7.45%
Free Cash Flow Margin	-9.64%	13.52%	-11.22%	-22.43%	-26.13%
EBITDA	96.43	66.58	73.01	29.39	53.2
EBITDA Margin	8.62%	7.34%	10.34%	5.50%	11.17%
D&A For EBITDA	12.55	10.26	11.32	10.9	11.25
EBIT	83.88	56.32	61.69	18.49	41.95
EBIT Margin	7.50%	6.21%	8.74%	3.46%	8.81%
Effective Tax Rate	24.55%	12.84%	10.19%	10.85%	12.03%

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