HKG:2623 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	75.58	282.09	1,264	1,866	1,634
Revenue Growth (YoY)	-73.21%	-77.68%	-32.27%	14.21%	69.13%
Cost of Revenue	71.53	269.52	1,123	1,721	1,604
Gross Profit	4.05	12.57	141.11	145.1	29.61
Selling, General & Admin	65.89	61.99	78.3	79.94	57.25
Other Operating Expenses	-31.26	-0.15	-0.15	-12.98	-2.53
Operating Expenses	34.63	61.1	78.04	66.96	54.72
Operating Income	-30.58	-48.53	63.08	78.14	-25.1
Interest Expense	-4.12	-8.84	-3.37	-12.33	-18.36
Interest & Investment Income	0.46	0.92	1.88	3.04	0.21
Currency Exchange Gain (Loss)	0.02	-0.23	-1.9	-6.85	13.2
EBT Excluding Unusual Items	-34.23	-56.69	59.69	61.99	-30.06
Gain (Loss) on Sale of Assets	-	123.35	-	-	-
Asset Writedown	-50.86	-	-	-	-
Pretax Income	-85.09	66.67	59.69	61.99	-30.06
Income Tax Expense	2.37	4.94	9.16	4.36	-
Earnings From Continuing Operations	-87.46	61.72	50.53	57.64	-30.06
Net Income to Company	-87.46	61.72	50.53	57.64	-30.06
Net Income	-87.46	61.72	50.53	57.64	-30.06
Net Income to Common	-87.46	61.72	50.53	57.64	-30.06
Net Income Growth	-	22.16%	-12.34%	-	-
Shares Outstanding (Basic)	350	350	309	263	264
Shares Outstanding (Diluted)	350	350	309	263	264
Shares Change (YoY)	-	13.29%	17.54%	-0.31%	-1.43%
EPS (Basic)	-0.25	0.18	0.16	0.22	-0.11
EPS (Diluted)	-0.25	0.18	0.16	0.22	-0.11
EPS Growth	-	7.84%	-25.42%	-	-
Free Cash Flow	-	-243.07	4.35	60.52	77.15
Free Cash Flow Per Share	-	-0.69	0.01	0.23	0.29
Gross Margin	5.36%	4.46%	11.17%	7.78%	1.81%
Operating Margin	-40.46%	-17.20%	4.99%	4.19%	-1.54%
Profit Margin	-115.72%	21.88%	4.00%	3.09%	-1.84%
Free Cash Flow Margin	-	-86.17%	0.34%	3.24%	4.72%
EBITDA	-11.26	-29.22	84.86	101.16	-9.97
EBITDA Margin	-14.90%	-10.36%	6.71%	5.42%	-0.61%
D&A For EBITDA	19.32	19.32	21.78	23.02	15.14
EBIT	-30.58	-48.53	63.08	78.14	-25.1
EBIT Margin	-40.46%	-17.20%	4.99%	4.19%	-1.54%
Effective Tax Rate	-	7.41%	15.35%	7.03%	-

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