HKG:2122 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	835.44	974.49	1,156	1,145	1,470
Revenue Growth (YoY)	-14.27%	-15.68%	0.96%	-22.12%	6.91%
Cost of Revenue	598.34	686.44	810.43	737.65	857.01
Gross Profit	237.1	288.05	345.3	407.06	612.79
Selling, General & Admin	363.76	454.04	526.91	546.9	609.89
Other Operating Expenses	-1.49	-2.91	-5.2	-8.62	-8.05
Operating Expenses	362.47	452.71	521.18	538.27	601.84
Operating Income	-125.37	-164.67	-175.88	-131.21	10.95
Interest Expense	-9.29	-11.64	-11.87	-10.69	-9.87
Interest & Investment Income	0.02	0.06	0.11	0.14	1.38
Currency Exchange Gain (Loss)	9.53	-10.55	-7.37	-30.68	6.82
Other Non Operating Income (Expenses)	-1.81	-0.93	-0.67	-	-
EBT Excluding Unusual Items	-126.92	-187.71	-195.68	-172.44	9.27
Gain (Loss) on Sale of Investments	-	-	-0.29	-3.47	-0.77
Gain (Loss) on Sale of Assets	0.03	-0.52	-0.11	-0.01	-
Asset Writedown	-5.26	-13.24	-13.69	-7.7	-2.76
Other Unusual Items	3.86	2	0.13	-0.34	0.37
Pretax Income	-128.29	-199.47	-209.64	-183.96	6.11
Income Tax Expense	1.67	2.94	1.31	0.27	4.04
Earnings From Continuing Operations	-129.96	-202.41	-210.95	-184.23	2.08
Minority Interest in Earnings	0.91	0.26	0.45	1.95	-0.73
Net Income	-129.05	-202.15	-210.5	-182.29	1.34
Net Income to Common	-129.05	-202.15	-210.5	-182.29	1.34
Shares Outstanding (Basic)	1,065	800	800	800	800
Shares Outstanding (Diluted)	1,065	800	800	800	800
Shares Change (YoY)	33.11%	-	-	-	-
EPS (Basic)	-0.12	-0.25	-0.26	-0.23	0.00
EPS (Diluted)	-0.12	-0.25	-0.26	-0.23	0.00
Free Cash Flow	10.99	-10.85	35.29	59.61	60.95
Free Cash Flow Per Share	0.01	-0.01	0.04	0.07	0.08
Gross Margin	28.38%	29.56%	29.88%	35.56%	41.69%
Operating Margin	-15.01%	-16.90%	-15.22%	-11.46%	0.74%
Profit Margin	-15.45%	-20.74%	-18.21%	-15.92%	0.09%
Free Cash Flow Margin	1.31%	-1.11%	3.05%	5.21%	4.15%
EBITDA	-112.61	-145.64	-148.42	-105.53	38.4
EBITDA Margin	-13.48%	-14.95%	-12.84%	-9.22%	2.61%
D&A For EBITDA	12.76	19.03	27.46	25.68	27.46
EBIT	-125.37	-164.67	-175.88	-131.21	10.95
EBIT Margin	-15.01%	-16.90%	-15.22%	-11.46%	0.74%
Effective Tax Rate	-	-	-	-	66.06%
Advertising Expenses	12.55	11.66	19.21	31.97	39.13

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