HKG:2198 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	18,468	19,586	13,128	8,818	9,499
Revenue Growth (YoY)	-5.71%	49.19%	48.88%	-7.17%	14.13%
Cost of Revenue	17,570	18,510	12,960	8,888	8,864
Gross Profit	898.2	1,076	168.77	-70.38	634.52
Selling, General & Admin	272.75	235.61	201.46	201.31	282.94
Other Operating Expenses	95.56	26.35	3.67	543.19	457.21
Operating Expenses	368.31	262.75	207.91	738.49	739.4
Operating Income	529.89	812.98	-39.14	-808.87	-104.88
Interest Expense	-371.42	-414.66	-214.9	-168.32	-131.33
Interest & Investment Income	-	73.88	139.72	198.55	74.17
Currency Exchange Gain (Loss)	-	-77.22	-26.73	-125.43	35
Other Non Operating Income (Expenses)	364.15	206.14	176.58	625.98	564.08
EBT Excluding Unusual Items	522.62	601.13	35.52	-278.1	437.03
Merger & Restructuring Charges	-	-	-	-	-0.02
Gain (Loss) on Sale of Investments	-	-	-16.22	-30.48	5.17
Gain (Loss) on Sale of Assets	-	-53.98	-32.9	-	-
Asset Writedown	-	-	-193.61	-55.91	-
Other Unusual Items	-	-	227.42	-	-
Pretax Income	522.62	547.15	20.21	-364.48	442.18
Income Tax Expense	112.96	13.21	-23.93	-10.03	66.03
Earnings From Continuing Operations	409.66	533.94	44.13	-354.45	376.15
Minority Interest in Earnings	-2.41	-1.39	47.34	46.57	4.46
Net Income	407.26	532.55	91.48	-307.88	380.61
Net Income to Common	407.26	532.55	91.48	-307.88	380.61
Net Income Growth	-23.53%	482.17%	-	-	-66.11%
Shares Outstanding (Basic)	1,157	1,158	1,167	1,176	1,176
Shares Outstanding (Diluted)	1,157	1,158	1,167	1,176	1,176
Shares Change (YoY)	-0.08%	-0.76%	-0.80%	-	-0.40%
EPS (Basic)	0.35	0.46	0.08	-0.26	0.32
EPS (Diluted)	0.35	0.46	0.08	-0.26	0.32
EPS Growth	-23.46%	486.62%	-	-	-65.97%
Free Cash Flow	-	-398.12	-1,286	-3,521	-834.29
Free Cash Flow Per Share	-	-0.34	-1.10	-2.99	-0.71
Dividend Per Share	-	-	-	-	0.151
Dividend Growth	-	-	-	-	-57.88%
Gross Margin	4.86%	5.49%	1.29%	-0.80%	6.68%
Operating Margin	2.87%	4.15%	-0.30%	-9.17%	-1.10%
Profit Margin	2.21%	2.72%	0.70%	-3.49%	4.01%
Free Cash Flow Margin	-	-2.03%	-9.79%	-39.93%	-8.78%
EBITDA	1,565	1,848	497.1	-285	388.69
EBITDA Margin	8.47%	9.44%	3.79%	-3.23%	4.09%
D&A For EBITDA	1,035	1,035	536.24	523.87	493.58
EBIT	529.89	812.98	-39.14	-808.87	-104.88
EBIT Margin	2.87%	4.15%	-0.30%	-9.17%	-1.10%
Effective Tax Rate	21.61%	2.41%	-	-	14.93%

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