HKG:2411 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	8,174	10,273	11,391	11,312	10,289
Revenue Growth (YoY)	-20.43%	-9.81%	0.69%	9.94%	16.22%
Cost of Revenue	7,577	9,511	10,078	9,997	9,133
Gross Profit	597.21	761.96	1,312	1,315	1,156
Selling, General & Admin	738.57	934.72	795.52	820.34	758.8
Research & Development	105.24	136.45	145.59	172.98	139.74
Other Operating Expenses	40.77	-21.88	-14.88	-21.71	-13.44
Operating Expenses	884.59	1,065	942.23	974.36	890.26
Operating Income	-287.38	-302.98	370.27	341.06	265.68
Interest Expense	-98.98	-99.96	-75.8	-83.74	-78.19
Interest & Investment Income	-	64.42	59.54	50.89	45.21
Earnings From Equity Investments	29.3	5.78	-0.68	13.33	16.48
Currency Exchange Gain (Loss)	-	0.8	9.29	2.88	-1.51
Other Non Operating Income (Expenses)	28.07	-22.4	-7.55	0.57	-0.21
EBT Excluding Unusual Items	-328.99	-354.33	355.07	325	247.47
Gain (Loss) on Sale of Investments	-	15.2	27.95	24.74	10.5
Gain (Loss) on Sale of Assets	-	-11.66	-2.25	-4.09	-0.22
Asset Writedown	-	-52.39	-	-	-
Other Unusual Items	-	11.69	0.26	0.72	-0.21
Pretax Income	-328.99	-391.49	381.03	346.36	257.53
Income Tax Expense	13.95	8.3	41.04	40.23	36.16
Earnings From Continuing Operations	-342.94	-399.79	339.99	306.14	221.36
Minority Interest in Earnings	25.45	13.76	21.73	17.16	8.98
Net Income	-317.49	-386.03	361.72	323.3	230.35
Net Income to Common	-317.49	-386.03	361.72	323.3	230.35
Net Income Growth	-	-	11.88%	40.35%	369.49%
Shares Outstanding (Basic)	1,524	1,513	1,575	1,500	1,500
Shares Outstanding (Diluted)	1,524	1,513	1,575	1,500	1,500
Shares Change (YoY)	0.75%	-3.93%	4.98%	-	-
EPS (Basic)	-0.21	-0.26	0.23	0.22	0.15
EPS (Diluted)	-0.21	-0.26	0.23	0.22	0.15
EPS Growth	-	-	6.58%	40.35%	369.50%
Free Cash Flow	-	-50.35	-161.1	424.2	249.99
Free Cash Flow Per Share	-	-0.03	-0.10	0.28	0.17
Dividend Per Share	-	0.006	0.043	0.076	-
Dividend Growth	-	-84.88%	-43.42%	-	-
Gross Margin	7.31%	7.42%	11.52%	11.63%	11.23%
Operating Margin	-3.52%	-2.95%	3.25%	3.02%	2.58%
Profit Margin	-3.88%	-3.76%	3.18%	2.86%	2.24%
Free Cash Flow Margin	-	-0.49%	-1.41%	3.75%	2.43%
EBITDA	-236.32	-251.92	419.34	393.69	312.6
EBITDA Margin	-2.89%	-2.45%	3.68%	3.48%	3.04%
D&A For EBITDA	51.06	51.06	49.07	52.63	46.92
EBIT	-287.38	-302.98	370.27	341.06	265.68
EBIT Margin	-3.52%	-2.95%	3.25%	3.02%	2.58%
Effective Tax Rate	-	-	10.77%	11.61%	14.04%

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