HKG:2450 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	218.98	236.17	290.62	407.71	370.33
Revenue Growth (YoY)	-7.28%	-18.74%	-28.72%	10.09%	-26.87%
Cost of Revenue	160.42	152.41	166.31	212.89	191.98
Gross Profit	58.56	83.76	124.31	194.82	178.35
Selling, General & Admin	27.2	22.65	30.65	19.41	18.19
Other Operating Expenses	-4.96	-1.11	-8.82	-6	-2.91
Operating Expenses	24.42	21.35	2.63	-12.39	9.21
Operating Income	34.14	62.41	121.68	207.21	169.14
Interest Expense	-62.22	-85.17	-62.11	-70.26	-53.62
Interest & Investment Income	-	6.43	4.92	3.86	17.98
Currency Exchange Gain (Loss)	-	-	4.29	-	-
Other Non Operating Income (Expenses)	-	-0.71	-0.79	-0.75	-0.73
EBT Excluding Unusual Items	-28.08	-17.03	67.99	140.06	132.77
Asset Writedown	-19.54	-13.35	-	-	-
Pretax Income	-47.62	-30.38	67.99	140.06	132.77
Income Tax Expense	0.3	3.49	10.06	35	33.88
Earnings From Continuing Operations	-47.91	-33.87	57.92	105.06	98.89
Minority Interest in Earnings	19.09	11.9	-20.43	-37.65	-34.19
Net Income	-28.82	-21.97	37.49	67.41	64.71
Net Income to Common	-28.82	-21.97	37.49	67.41	64.71
Net Income Growth	-	-	-44.39%	4.18%	-47.90%
Shares Outstanding (Basic)	262	264	261	198	198
Shares Outstanding (Diluted)	262	264	261	198	198
Shares Change (YoY)	-0.75%	1.32%	31.60%	-	-
EPS (Basic)	-0.11	-0.08	0.14	0.34	0.33
EPS (Diluted)	-0.11	-0.08	0.14	0.34	0.33
EPS Growth	-	-	-58.82%	4.04%	-
Free Cash Flow	-	166.76	98.78	-141.75	-480.54
Free Cash Flow Per Share	-	0.63	0.38	-0.72	-2.43
Dividend Per Share	-	-	0.028	-	-
Gross Margin	26.74%	35.47%	42.77%	47.78%	48.16%
Operating Margin	15.59%	26.43%	41.87%	50.82%	45.67%
Profit Margin	-13.16%	-9.30%	12.90%	16.53%	17.47%
Free Cash Flow Margin	-	70.61%	33.99%	-34.77%	-129.76%
EBITDA	99.38	127.65	178.84	266.22	218.65
EBITDA Margin	45.38%	54.05%	61.54%	65.30%	59.04%
D&A For EBITDA	65.24	65.24	57.16	59.02	49.51
EBIT	34.14	62.41	121.68	207.21	169.14
EBIT Margin	15.59%	26.43%	41.87%	50.82%	45.67%
Effective Tax Rate	-	-	14.80%	24.99%	25.52%

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