HKG:2125 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	1,029	1,125	840.66	980.92	1,703
Revenue Growth (YoY)	-8.47%	33.77%	-14.30%	-42.40%	78.83%
Cost of Revenue	912.57	973.07	777.41	761.17	1,187
Gross Profit	116.7	151.47	63.26	219.75	516.19
Selling, General & Admin	129.84	118.27	158.94	113.74	282.21
Other Operating Expenses	-	14.68	23.51	39.17	6.46
Operating Expenses	110.9	132.94	182.45	152.91	288.67
Operating Income	5.8	18.53	-119.19	66.85	227.52
Interest Expense	-12.31	-14.09	-14.25	-17.33	-22.01
Interest & Investment Income	22.07	7.11	9.85	11.24	9
Earnings From Equity Investments	-0.73	-0.98	1.16	-4.58	1.07
Currency Exchange Gain (Loss)	-	-	-	0.83	6.86
Other Non Operating Income (Expenses)	-3.36	3.74	4.94	20.74	24.11
EBT Excluding Unusual Items	11.46	14.31	-117.49	77.75	246.56
Gain (Loss) on Sale of Investments	-	-	-	0.19	-
Gain (Loss) on Sale of Assets	-	-	-	-	1.26
Other Unusual Items	-	-	-	-	-1.67
Pretax Income	11.46	14.31	-117.49	77.94	246.16
Income Tax Expense	14	17.27	-9.98	27.93	76.78
Earnings From Continuing Operations	-2.54	-2.96	-107.51	50.01	169.38
Minority Interest in Earnings	0.55	0.84	-1.8	0.93	-0.13
Net Income	-1.99	-2.12	-109.31	50.93	169.25
Net Income to Common	-1.99	-2.12	-109.31	50.93	169.25
Net Income Growth	-	-	-	-69.91%	818.33%
Shares Outstanding (Basic)	693	686	677	675	674
Shares Outstanding (Diluted)	693	686	677	702	707
Shares Change (YoY)	1.02%	1.33%	-3.47%	-0.75%	76.73%
EPS (Basic)	-0.00	-0.00	-0.16	0.08	0.25
EPS (Diluted)	-0.00	-0.00	-0.16	0.07	0.24
EPS Growth	-	-	-	-69.80%	425.41%
Free Cash Flow	-	21.07	-56.25	72.37	-601.12
Free Cash Flow Per Share	-	0.03	-0.08	0.10	-0.85
Gross Margin	11.34%	13.47%	7.52%	22.40%	30.31%
Operating Margin	0.56%	1.65%	-14.18%	6.82%	13.36%
Profit Margin	-0.19%	-0.19%	-13.00%	5.19%	9.94%
Free Cash Flow Margin	-	1.87%	-6.69%	7.38%	-35.30%
EBITDA	7.79	20.51	-117.61	82.48	232.24
EBITDA Margin	0.76%	1.82%	-13.99%	8.41%	13.64%
D&A For EBITDA	1.98	1.98	1.58	15.64	4.72
EBIT	5.8	18.53	-119.19	66.85	227.52
EBIT Margin	0.56%	1.65%	-14.18%	6.82%	13.36%
Effective Tax Rate	122.14%	120.69%	-	35.84%	31.19%

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