HKG:2370 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	400.54	419.64	449.27	437.11	354.33
Revenue Growth (YoY)	-4.55%	-6.60%	2.78%	23.36%	59.89%
Cost of Revenue	303.63	306.21	323.6	294.24	238.56
Gross Profit	96.91	113.43	125.67	142.87	115.77
Selling, General & Admin	72.49	59.12	59.64	60.84	58.69
Other Operating Expenses	0.43	1.69	-2.28	-3.19	-3.54
Operating Expenses	94.39	93.73	107.23	104.68	58.92
Operating Income	2.52	19.7	18.44	38.2	56.85
Interest Expense	-0.97	-0.99	-1.59	-1.31	-0.71
Interest & Investment Income	0.83	1.23	0.97	0.28	0.29
Earnings From Equity Investments	0.18	1.76	1.58	1.06	2.15
Other Non Operating Income (Expenses)	-0.04	-8.06	-13.52	-22.12	0.28
EBT Excluding Unusual Items	2.52	13.63	5.89	16.09	58.86
Impairment of Goodwill	-6.01	-24.65	-	-	-
Gain (Loss) on Sale of Investments	0.81	-0.2	-	-0.06	-
Gain (Loss) on Sale of Assets	-	-	1.04	-	0.42
Asset Writedown	-0.16	-	-	-	-
Other Unusual Items	-1.36	-0.04	-	-	-
Pretax Income	-4.2	-11.25	6.93	16.04	59.27
Income Tax Expense	5.06	8.84	6.67	6.08	19.14
Earnings From Continuing Operations	-9.25	-20.09	0.27	9.95	40.13
Minority Interest in Earnings	-8.29	-8.34	-10.25	-6.76	-7.99
Net Income	-17.54	-28.43	-9.98	3.19	32.14
Net Income to Common	-17.54	-28.43	-9.98	3.19	32.14
Net Income Growth	-	-	-	-90.08%	-18.86%
Shares Outstanding (Basic)	200	200	200	188	150
Shares Outstanding (Diluted)	200	200	200	188	150
Shares Change (YoY)	-	-	6.49%	25.20%	-
EPS (Basic)	-0.09	-0.14	-0.05	0.02	0.21
EPS (Diluted)	-0.09	-0.14	-0.05	0.02	0.21
EPS Growth	-	-	-	-92.07%	-18.86%
Free Cash Flow	-	-26.01	66.44	-34.01	30.09
Free Cash Flow Per Share	-	-0.13	0.33	-0.18	0.20
Gross Margin	24.19%	27.03%	27.97%	32.69%	32.67%
Operating Margin	0.63%	4.69%	4.11%	8.74%	16.04%
Profit Margin	-4.38%	-6.77%	-2.22%	0.73%	9.07%
Free Cash Flow Margin	-	-6.20%	14.79%	-7.78%	8.49%
EBITDA	12.14	29.32	29.81	49.2	66.44
EBITDA Margin	3.03%	6.99%	6.64%	11.26%	18.75%
D&A For EBITDA	9.62	9.62	11.36	11.01	9.59
EBIT	2.52	19.7	18.44	38.2	56.85
EBIT Margin	0.63%	4.69%	4.11%	8.74%	16.04%
Effective Tax Rate	-	-	96.15%	37.94%	32.29%

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