HKG:2600 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Revenue	240,193	237,488	234,044	222,137	287,461	295,151
Other Revenue	3,638	3,638	3,065	3,182	3,527	3,735
Revenue	243,830	241,125	237,109	225,319	290,988	298,885
Revenue Growth (YoY)	-0.05%	1.69%	5.23%	-22.57%	-2.64%	60.70%
Cost of Revenue	194,620	198,175	200,336	196,529	258,655	262,784
Gross Profit	49,210	42,950	36,774	28,791	32,333	36,101
Selling, General & Admin	5,769	5,632	5,800	4,728	4,397	4,828
Research & Development	4,151	3,912	3,065	3,729	4,805	2,417
Other Operating Expenses	3,514	3,145	2,200	2,075	2,860	2,486
Operating Expenses	13,305	12,677	11,021	10,336	12,059	10,058
Operating Income	35,906	30,273	25,753	18,455	20,274	26,043
Interest Expense	-2,265	-2,342	-2,762	-3,326	-3,833	-4,510
Interest & Investment Income	566.7	1,037	1,367	672.21	1,145	311.1
Currency Exchange Gain (Loss)	-106.29	-106.29	-241.66	-13.22	-67.13	-22.21
Other Non Operating Income (Expenses)	-309.76	-236.25	-16.8	-300.83	-656.07	-1,117
EBT Excluding Unusual Items	33,791	28,627	24,099	15,487	16,864	20,705
Impairment of Goodwill	-	-	-	-	-15.5	-
Gain (Loss) on Sale of Investments	-234.62	-343.14	20.15	-3.49	-16.93	-960.61
Gain (Loss) on Sale of Assets	127.81	127.08	212.51	7.75	331.03	30.36
Asset Writedown	-2,757	-2,871	-2,204	-589.91	-3,861	-5,295
Legal Settlements	-90.88	-90.88	-194.52	-77.06	-331.4	-118.41
Other Unusual Items	390.5	390.5	379.04	237.91	239.43	-178.35
Pretax Income	31,227	25,840	22,312	15,063	13,209	14,186
Income Tax Expense	5,112	4,315	2,940	2,507	2,365	2,870
Earnings From Continuing Operations	26,115	21,525	19,372	12,556	10,843	11,317
Minority Interest in Earnings	-11,449	-8,851	-6,978	-5,867	-6,651	-5,557
Net Income	14,666	12,674	12,395	6,689	4,192	5,759
Preferred Dividends & Other Adjustments	27.8	27.8	78.77	60.39	120.86	209.5
Net Income to Common	14,638	12,646	12,316	6,629	4,071	5,550
Net Income Growth	7.04%	2.25%	85.30%	59.56%	-27.21%	653.55%
Shares Outstanding (Basic)	17,106	17,097	17,046	17,023	17,023	17,023
Shares Outstanding (Diluted)	17,121	17,112	17,058	17,023	17,023	17,023
Shares Change (YoY)	0.46%	0.32%	0.21%	-	-	-
EPS (Basic)	0.86	0.74	0.72	0.39	0.24	0.33
EPS (Diluted)	0.85	0.74	0.72	0.39	0.24	0.33
EPS Growth	6.96%	2.35%	85.60%	62.76%	-26.69%	1002.99%
Free Cash Flow	30,471	24,848	22,440	20,321	23,055	31,820
Free Cash Flow Per Share	1.78	1.45	1.32	1.19	1.35	1.87
Dividend Per Share	0.270	0.270	0.217	0.080	0.036	0.032
Dividend Growth	24.42%	24.42%	171.25%	122.22%	13.21%	-
Gross Margin	20.18%	17.81%	15.51%	12.78%	11.11%	12.08%
Operating Margin	14.73%	12.55%	10.86%	8.19%	6.97%	8.71%
Profit Margin	6.00%	5.24%	5.19%	2.94%	1.40%	1.86%
Free Cash Flow Margin	12.50%	10.30%	9.46%	9.02%	7.92%	10.65%
EBITDA	45,416	40,012	36,401	28,261	29,997	35,912
EBITDA Margin	18.63%	16.59%	15.35%	12.54%	10.31%	12.02%
D&A For EBITDA	9,510	9,738	10,649	9,806	9,723	9,869
EBIT	35,906	30,273	25,753	18,455	20,274	26,043
EBIT Margin	14.73%	12.55%	10.86%	8.19%	6.97%	8.71%
Effective Tax Rate	16.37%	16.70%	13.18%	16.64%	17.91%	20.23%
Revenue as Reported	243,830	241,125	237,109	225,319	290,988	298,885

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