HKG:2337 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	6,164	7,724	7,347	6,089	5,830
Revenue Growth (YoY)	-20.21%	5.14%	20.65%	4.45%	67.47%
Cost of Revenue	5,825	7,284	6,925	5,696	5,217
Gross Profit	338.98	439.85	422.26	393.1	612.72
Selling, General & Admin	148.11	159.09	158.53	154.86	161.69
Other Operating Expenses	79.71	93.52	83.23	72.21	87.79
Operating Expenses	287.09	317.25	311.32	306.71	321.16
Operating Income	51.89	122.6	110.94	86.39	291.56
Interest Expense	-24.6	-29.74	-34.39	-36.27	-41.9
Interest & Investment Income	2.52	1.02	1.19	0.66	0.41
Earnings From Equity Investments	1.17	1.2	-15.14	-13.82	1
Currency Exchange Gain (Loss)	-	-	-	0	-0.13
EBT Excluding Unusual Items	30.97	95.09	62.61	36.97	250.94
Gain (Loss) on Sale of Assets	0.9	-0.77	1.46	-0.1	1.18
Pretax Income	31.88	94.31	64.07	36.87	252.12
Income Tax Expense	32.75	23.66	20.77	17.92	70.2
Earnings From Continuing Operations	-0.88	70.66	43.3	18.95	181.92
Minority Interest in Earnings	-1.5	-2.87	-3.82	-2.42	-5.3
Net Income	-2.37	67.79	39.49	16.53	176.62
Net Income to Common	-2.37	67.79	39.49	16.53	176.62
Net Income Growth	-	71.67%	138.89%	-90.64%	43.26%
Shares Outstanding (Basic)	375	375	375	375	375
Shares Outstanding (Diluted)	375	375	375	375	375
Shares Change (YoY)	-	-	-	-	7.40%
EPS (Basic)	-0.01	0.18	0.11	0.04	0.47
EPS (Diluted)	-0.01	0.18	0.11	0.04	0.47
EPS Growth	-	71.67%	138.90%	-90.64%	33.40%
Free Cash Flow	-	3.68	-13.42	81.39	39.22
Free Cash Flow Per Share	-	0.01	-0.04	0.22	0.10
Dividend Per Share	-	0.038	-	-	0.022
Dividend Growth	-	-	-	-	-51.63%
Gross Margin	5.50%	5.69%	5.75%	6.46%	10.51%
Operating Margin	0.84%	1.59%	1.51%	1.42%	5.00%
Profit Margin	-0.04%	0.88%	0.54%	0.27%	3.03%
Free Cash Flow Margin	-	0.05%	-0.18%	1.34%	0.67%
EBITDA	74.57	145.29	138.21	115.28	319.1
EBITDA Margin	1.21%	1.88%	1.88%	1.89%	5.47%
D&A For EBITDA	22.68	22.68	27.27	28.88	27.53
EBIT	51.89	122.6	110.94	86.39	291.56
EBIT Margin	0.84%	1.59%	1.51%	1.42%	5.00%
Effective Tax Rate	102.75%	25.08%	32.41%	48.60%	27.84%

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