Tian Chang Group Holdings Income Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	566.14	539.61	697.51	1,144	1,118	787.39
Revenue Growth (YoY)	7.98%	-22.64%	-39.02%	2.35%	41.95%	-37.06%
Cost of Revenue	448.54	429.49	561.6	883.87	863.83	593.7
Gross Profit	117.6	110.12	135.91	260.07	253.86	193.7
Selling, General & Admin	124.8	122.33	119.38	136.51	133.71	104.65
Operating Expenses	130.23	124.18	118.81	136.29	134.06	105.75
Operating Income	-12.63	-14.06	17.1	123.78	119.8	87.94
Interest Expense	-2.1	-2.8	-5.44	-7.21	-7.67	-8.82
Interest & Investment Income	2.72	3.04	2.93	0.93	0.79	0.58
Currency Exchange Gain (Loss)	-0.47	-1.55	-2.56	-7.58	0.87	0.15
Other Non Operating Income (Expenses)	2.65	3.76	8.14	7	6.31	7.01
EBT Excluding Unusual Items	-9.83	-11.61	20.18	116.91	120.11	86.86
Gain (Loss) on Sale of Investments	0.52	0.86	0.95	0.91	0.87	0.44
Gain (Loss) on Sale of Assets	0	-0.12	-0.03	-0.42	-0.24	0.4
Asset Writedown	-0	-0.02	-0.19	-0.57	-8.33	-0.17
Other Unusual Items	0.1	0.1	5.01	-	-	-
Pretax Income	-9.21	-10.79	25.92	116.83	112.41	87.53
Income Tax Expense	8.1	2.88	2.46	10.88	16.14	13.81
Net Income	-17.31	-13.67	23.46	105.95	96.26	73.71
Net Income to Common	-17.31	-13.67	23.46	105.95	96.26	73.71
Net Income Growth	-	-	-77.86%	10.06%	30.59%	-42.05%
Shares Outstanding (Basic)	620	620	620	620	620	620
Shares Outstanding (Diluted)	620	620	626	623	625	620
Shares Change (YoY)	-	-0.99%	0.44%	-0.31%	0.81%	0.06%
EPS (Basic)	-0.03	-0.02	0.04	0.17	0.16	0.12
EPS (Diluted)	-0.03	-0.02	0.04	0.17	0.15	0.12
EPS Growth	-	-	-77.93%	10.40%	29.54%	-42.09%
Free Cash Flow	10.75	31.15	91.05	144.85	31.79	-14.92
Free Cash Flow Per Share	0.02	0.05	0.14	0.23	0.05	-0.02
Dividend Per Share	-	-	0.015	0.020	0.020	0.015
Dividend Growth	-	-	-25.00%	-	33.33%	-50.00%
Gross Margin	20.77%	20.41%	19.48%	22.73%	22.71%	24.60%
Operating Margin	-2.23%	-2.60%	2.45%	10.82%	10.72%	11.17%
Profit Margin	-3.06%	-2.53%	3.36%	9.26%	8.61%	9.36%
Free Cash Flow Margin	1.90%	5.77%	13.05%	12.66%	2.84%	-1.90%
EBITDA	31.85	32.42	64.14	165.99	161	124.8
EBITDA Margin	5.63%	6.01%	9.20%	14.51%	14.41%	15.85%
D&A For EBITDA	44.48	46.48	47.04	42.21	41.21	36.86
EBIT	-12.63	-14.06	17.1	123.78	119.8	87.94
EBIT Margin	-2.23%	-2.60%	2.45%	10.82%	10.72%	11.17%
Effective Tax Rate	-	-	9.51%	9.31%	14.36%	15.78%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.