HKG:2399 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	88.53	467.01	645.08	603.91	373.86
Revenue Growth (YoY)	-81.04%	-27.61%	6.82%	61.53%	38.43%
Cost of Revenue	68.47	361.32	497.33	461.28	263.69
Gross Profit	20.07	105.69	147.75	142.63	110.17
Selling, General & Admin	112.59	182.47	111.22	115.34	154.06
Other Operating Expenses	-21.96	-19.43	-17.24	-16.15	-9.84
Operating Expenses	293.37	374.35	96.9	212.75	231.18
Operating Income	-273.3	-268.66	50.85	-70.12	-121.01
Interest Expense	-25.24	-24.54	-35.86	-30.62	-28.71
Interest & Investment Income	0.41	1.33	1.13	1.28	1.02
Currency Exchange Gain (Loss)	-0.02	0.06	-1.19	0.09	-0.04
EBT Excluding Unusual Items	-298.15	-291.8	14.93	-99.38	-148.75
Gain (Loss) on Sale of Investments	-8.15	-	-	-	-
Gain (Loss) on Sale of Assets	-0.06	-0.02	-0.06	-1.75	2.83
Asset Writedown	-35.02	-25.24	-	-6.91	-2.11
Other Unusual Items	3.5	-	-	-	0.97
Pretax Income	-337.88	-317.06	14.87	-108.04	-147.06
Income Tax Expense	-11.09	44.07	19.37	-19.4	19.88
Earnings From Continuing Operations	-326.79	-361.13	-4.49	-88.64	-166.94
Earnings From Discontinued Operations	-	-	-	-	-3.69
Net Income to Company	-326.79	-361.13	-4.49	-88.64	-170.63
Minority Interest in Earnings	32.06	10.09	-47.77	-11.37	-7.45
Net Income	-294.73	-351.05	-52.27	-100.01	-178.08
Net Income to Common	-294.73	-351.05	-52.27	-100.01	-178.08
Shares Outstanding (Basic)	3,045	2,803	2,241	2,143	1,931
Shares Outstanding (Diluted)	3,045	2,803	2,241	2,143	1,931
Shares Change (YoY)	8.61%	25.12%	4.55%	10.99%	0.37%
EPS (Basic)	-0.10	-0.13	-0.02	-0.05	-0.09
EPS (Diluted)	-0.10	-0.13	-0.02	-0.05	-0.09
Free Cash Flow	-	-72.34	-167.92	-90.22	-75.06
Free Cash Flow Per Share	-	-0.03	-0.07	-0.04	-0.04
Gross Margin	22.67%	22.63%	22.90%	23.62%	29.47%
Operating Margin	-308.70%	-57.53%	7.88%	-11.61%	-32.37%
Profit Margin	-332.90%	-75.17%	-8.10%	-16.56%	-47.63%
Free Cash Flow Margin	-	-15.49%	-26.03%	-14.94%	-20.08%
EBITDA	-248.05	-243.41	76.79	-49.34	-61.58
EBITDA Margin	-280.18%	-52.12%	11.90%	-8.17%	-16.47%
D&A For EBITDA	25.25	25.25	25.94	20.78	59.44
EBIT	-273.3	-268.66	50.85	-70.12	-121.01
EBIT Margin	-	-57.53%	7.88%	-11.61%	-32.37%
Effective Tax Rate	-	-	130.21%	-	-

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