HKG:2678 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	22,716	23,029	22,725	23,805	26,521
Revenue Growth (YoY)	-1.36%	1.34%	-4.54%	-10.24%	35.47%
Cost of Revenue	19,578	20,166	21,263	21,050	20,669
Gross Profit	3,138	2,863	1,463	2,756	5,852
Selling, General & Admin	1,766	1,806	1,909	2,202	2,408
Other Operating Expenses	-198.39	-305.53	-379.63	-210.34	4.1
Operating Expenses	1,568	1,568	1,550	2,015	2,408
Operating Income	1,570	1,295	-87.4	741.12	3,444
Interest Expense	-339.28	-444.85	-537.84	-375.46	-206.91
Interest & Investment Income	108.27	86.19	98.36	37.74	44.59
Earnings From Equity Investments	4.28	-23.37	-2.41	36.16	39.62
Currency Exchange Gain (Loss)	-206.88	-188.8	-179.04	-355.1	6.52
Other Non Operating Income (Expenses)	-	19.66	-47.51	46.39	-34.62
EBT Excluding Unusual Items	1,136	744.09	-755.85	130.85	3,293
Gain (Loss) on Sale of Investments	5.2	4.76	9.45	27.74	-
Gain (Loss) on Sale of Assets	77.85	11.14	599.99	-	33.7
Other Unusual Items	2.48	14.35	16.22	12.57	13.67
Pretax Income	1,222	774.33	-130.19	171.16	3,340
Income Tax Expense	249.55	185.7	169.19	-30.03	598.54
Earnings From Continuing Operations	972.18	588.63	-299.38	201.19	2,742
Minority Interest in Earnings	-59.17	-35.09	-76.32	-44.38	-56.45
Net Income	913.01	553.54	-375.7	156.81	2,685
Net Income to Common	913.01	553.54	-375.7	156.81	2,685
Net Income Growth	64.94%	-	-	-94.16%	419.31%
Shares Outstanding (Basic)	918	918	918	918	917
Shares Outstanding (Diluted)	918	918	918	918	918
Shares Change (YoY)	-0.02%	-	-0.02%	0.06%	0.27%
EPS (Basic)	0.99	0.60	-0.41	0.17	2.93
EPS (Diluted)	0.99	0.60	-0.41	0.17	2.93
EPS Growth	65.00%	-	-	-94.20%	423.06%
Free Cash Flow	-	3,628	1,215	-213.08	101.47
Free Cash Flow Per Share	-	3.95	1.32	-0.23	0.11
Dividend Per Share	-	0.188	-	0.336	0.872
Dividend Growth	-	-	-	-61.44%	417.61%
Gross Margin	13.81%	12.43%	6.44%	11.58%	22.07%
Operating Margin	6.91%	5.62%	-0.39%	3.11%	12.98%
Profit Margin	4.02%	2.40%	-1.65%	0.66%	10.13%
Free Cash Flow Margin	-	15.75%	5.34%	-0.90%	0.38%
EBITDA	2,519	2,244	958.79	1,679	4,395
EBITDA Margin	11.09%	9.74%	4.22%	7.05%	16.57%
D&A For EBITDA	948.98	948.98	1,046	938.37	951.12
EBIT	1,570	1,295	-87.4	741.12	3,444
EBIT Margin	6.91%	5.62%	-0.38%	3.11%	12.98%
Effective Tax Rate	20.43%	23.98%	-	-	17.92%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.