HKG:2025 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	1,109	956.85	718.49	600.49	679.76
Revenue Growth (YoY)	15.94%	33.18%	19.65%	-11.66%	56.82%
Cost of Revenue	993.14	855.57	630.78	503.02	561.54
Gross Profit	116.26	101.29	87.71	97.47	118.22
Selling, General & Admin	100.85	95.1	85.46	83.43	85.23
Other Operating Expenses	-26.59	-25.25	-15.75	-23.09	-24.94
Operating Expenses	76.12	69.28	64.36	66.18	70.48
Operating Income	40.14	32.01	23.35	31.29	47.74
Interest Expense	-12.26	-10.59	-9.77	-8.06	-6.39
Interest & Investment Income	0.86	0.24	0.06	0.24	0.64
Other Non Operating Income (Expenses)	-0.04	-0.07	-0.24	-0.19	-0.06
EBT Excluding Unusual Items	28.7	21.59	13.4	23.28	41.94
Gain (Loss) on Sale of Assets	8.01	-0.13	-0.65	-0.13	0.08
Asset Writedown	-7	-	-	-	-
Pretax Income	29.7	21.46	12.76	23.16	42.02
Income Tax Expense	6.44	2.14	1.49	2.75	5.45
Net Income	23.27	19.32	11.27	20.41	36.57
Net Income to Common	23.27	19.32	11.27	20.41	36.57
Net Income Growth	20.42%	71.46%	-44.80%	-44.18%	8.84%
Shares Outstanding (Basic)	800	800	800	800	800
Shares Outstanding (Diluted)	800	800	800	800	800
EPS (Basic)	0.03	0.02	0.01	0.03	0.05
EPS (Diluted)	0.03	0.02	0.01	0.03	0.05
EPS Growth	20.42%	71.46%	-44.80%	-44.18%	8.84%
Free Cash Flow	-	-58.27	27.57	-69.71	16.26
Free Cash Flow Per Share	-	-0.07	0.03	-0.09	0.02
Dividend Per Share	0.027	0.019	0.027	0.015	0.024
Dividend Growth	43.45%	-30.98%	81.08%	-38.47%	45.12%
Gross Margin	10.48%	10.59%	12.21%	16.23%	17.39%
Operating Margin	3.62%	3.35%	3.25%	5.21%	7.02%
Profit Margin	2.10%	2.02%	1.57%	3.40%	5.38%
Free Cash Flow Margin	-	-6.09%	3.84%	-11.61%	2.39%
EBITDA	145.21	137.08	121.99	117.14	111.98
EBITDA Margin	13.09%	14.33%	16.98%	19.51%	16.47%
D&A For EBITDA	105.07	105.07	98.64	85.85	64.24
EBIT	40.14	32.01	23.35	31.29	47.74
EBIT Margin	3.62%	3.35%	3.25%	5.21%	7.02%
Effective Tax Rate	21.67%	9.98%	11.66%	11.86%	12.96%

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