HKG:2772 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	12,272	39,682	66,615	39,329	76,114
Revenue Growth (YoY)	-69.07%	-40.43%	69.38%	-48.33%	15.43%
Cost of Revenue	14,403	38,775	63,430	35,828	63,082
Gross Profit	-2,131	906.94	3,185	3,502	13,033
Selling, General & Admin	860.44	1,173	2,149	3,240	6,428
Operating Expenses	860.44	1,173	2,149	3,240	6,428
Operating Income	-2,991	-265.86	1,035	261.46	6,604
Interest Expense	-1,137	-644.37	-310.49	-397.18	-647.46
Interest & Investment Income	11.42	29.01	69.1	246.82	371.53
Earnings From Equity Investments	-700.3	198.24	922.15	866.99	770.76
Currency Exchange Gain (Loss)	-	-	-	-	241.43
Other Non Operating Income (Expenses)	-147.81	-1,158	-1,250	-1,320	4.76
EBT Excluding Unusual Items	-4,965	-1,841	465.59	-342	7,345
Gain (Loss) on Sale of Investments	-8.89	2.27	2.74	-165.4	-225.05
Gain (Loss) on Sale of Assets	-	-	-	280.56	407.24
Asset Writedown	-49.49	-120.06	-102.58	-7.92	96.81
Other Unusual Items	-	571.1	32.35	-	-
Pretax Income	-5,024	-1,388	398.1	-234.76	7,624
Income Tax Expense	908.33	1,487	3,317	1,386	2,868
Earnings From Continuing Operations	-5,932	-2,875	-2,919	-1,621	4,756
Minority Interest in Earnings	1,854	447.26	-1,327	274.86	-2,054
Net Income	-4,078	-2,427	-4,246	-1,346	2,703
Net Income to Common	-4,078	-2,427	-4,246	-1,346	2,703
Net Income Growth	-	-	-	-	-27.81%
Shares Outstanding (Basic)	4,264	3,694	3,493	3,493	3,582
Shares Outstanding (Diluted)	4,264	3,694	3,493	3,493	3,582
Shares Change (YoY)	15.45%	5.76%	-	-2.49%	-
EPS (Basic)	-0.96	-0.66	-1.22	-0.39	0.75
EPS (Diluted)	-0.96	-0.66	-1.22	-0.39	0.75
EPS Growth	-	-	-	-	-28.24%
Free Cash Flow	-	-2,699	-2,200	10,941	17,781
Free Cash Flow Per Share	-	-0.73	-0.63	3.13	4.96
Dividend Per Share	-	-	-	-	0.154
Dividend Growth	-	-	-	-	-62.52%
Gross Margin	-17.36%	2.29%	4.78%	8.90%	17.12%
Operating Margin	-24.37%	-0.67%	1.55%	0.66%	8.68%
Profit Margin	-33.23%	-6.12%	-6.37%	-3.42%	3.55%
Free Cash Flow Margin	-	-6.80%	-3.30%	27.82%	23.36%
EBITDA	-2,982	-256.27	1,066	292.85	6,639
EBITDA Margin	-24.30%	-0.65%	1.60%	0.74%	8.72%
D&A For EBITDA	9.59	9.59	30.96	31.4	35.01
EBIT	-2,991	-265.86	1,035	261.46	6,604
EBIT Margin	-24.37%	-0.67%	1.55%	0.66%	8.68%
Effective Tax Rate	-	-	833.18%	-	37.62%

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