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	Jun '26 Jun 30, 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	246,484	237,488	234,044	222,137	287,461	295,151
Other Revenue	3,646	3,638	3,065	3,182	3,527	3,735
Revenue	250,130	241,125	237,109	225,319	290,988	298,885
Revenue Growth	3.02%	1.69%	5.23%	-22.57%	-2.64%	60.70%
Cost of Revenue	192,654	198,175	200,336	196,529	258,655	262,784
Gross Profit	57,476	42,950	36,774	28,791	32,333	36,101
Selling, General & Admin	5,832	5,632	5,800	4,728	4,397	4,828
Research & Development	4,395	3,912	3,065	3,729	4,805	2,417
Other Operating Expenses	3,680	3,145	2,200	2,075	2,860	2,486
Operating Expenses	13,919	12,677	11,021	10,336	12,059	10,058
Operating Income	43,557	30,273	25,753	18,455	20,274	26,043
Interest Expense	-2,119	-2,342	-2,762	-3,326	-3,833	-4,510
Interest & Investment Income	343.96	1,037	1,367	672.21	1,145	311.1
Currency Exchange Gain (Loss)	-206.97	-106.29	-241.66	-13.22	-67.13	-22.21
Other Non Operating Income (Expenses)	14.12	-236.25	-16.8	-300.83	-656.07	-1,117
EBT Excluding Unusual Items	41,589	28,627	24,099	15,487	16,864	20,705
Impairment of Goodwill	-	-	-	-	-15.5	-
Gain (Loss) on Sale of Investments	-229.59	-343.14	20.15	-3.49	-16.93	-960.61
Gain (Loss) on Sale of Assets	141	127.08	212.51	7.75	331.03	30.36
Asset Writedown	-2,871	-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	283.74	390.5	379.04	237.91	239.43	-178.35
Pretax Income	38,823	25,840	22,312	15,063	13,209	14,186
Income Tax Expense	6,897	4,315	2,940	2,507	2,365	2,870
Earnings From Continuing Operations	31,926	21,525	19,372	12,556	10,843	11,317
Minority Interest in Earnings	-14,451	-8,851	-6,978	-5,867	-6,651	-5,557
Net Income	17,475	12,674	12,395	6,689	4,192	5,759
Preferred Dividends & Other Adjustments	8.61	27.8	78.77	60.39	120.86	209.5
Net Income to Common	17,466	12,646	12,316	6,629	4,071	5,550
Net Income Growth	40.81%	2.68%	85.80%	62.82%	-26.64%	1003.06%
Shares Outstanding (Basic)	17,115	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	0.23%	0.32%	0.21%	-	-	-
EPS (Basic)	1.02	0.74	0.72	0.39	0.24	0.33
EPS (Diluted)	1.02	0.74	0.72	0.39	0.24	0.33
EPS Growth	40.48%	2.35%	85.60%	62.76%	-26.69%	1002.99%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	37,996	24,848	22,440	20,321	23,055	31,820
Free Cash Flow Per Share	2.22	1.45	1.32	1.19	1.35	1.87
Dividend Per Share	0.423	0.270	0.217	0.080	0.036	0.032
Dividend Growth	63.95%	24.42%	171.25%	122.22%	13.21%	-
Gross Margin	22.98%	17.81%	15.51%	12.78%	11.11%	12.08%
Operating Margin	17.41%	12.55%	10.86%	8.19%	6.97%	8.71%
Profit Margin	6.98%	5.24%	5.19%	2.94%	1.40%	1.86%
Free Cash Flow Margin	15.19%	10.30%	9.46%	9.02%	7.92%	10.65%
EBITDA	53,922	40,012	36,401	28,261	29,997	35,912
EBITDA Margin	21.56%	16.59%	15.35%	12.54%	10.31%	12.02%
D&A For EBITDA	10,365	9,738	10,649	9,806	9,723	9,869
EBIT	43,557	30,273	25,753	18,455	20,274	26,043
EBIT Margin	17.41%	12.55%	10.86%	8.19%	6.97%	8.71%
Effective Tax Rate	17.77%	16.70%	13.18%	16.64%	17.91%	20.23%
Revenue as Reported	250,130	241,125	237,109	225,319	290,988	298,885