HKG:2788 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	18,681	15,163	13,815	13,490
Revenue Growth (YoY)	23.20%	9.76%	2.41%	-
Cost of Revenue	14,025	10,875	11,464	11,435
Gross Profit	4,655	4,288	2,351	2,055
Selling, General & Admin	390.96	279.58	137.82	155.35
Other Operating Expenses	-	-	64.1	64.5
Operating Expenses	390.55	279.17	201.94	221.98
Operating Income	4,265	4,009	2,149	1,833
Interest Expense	-664.6	-750.66	-932.91	-1,061
Interest & Investment Income	38.74	18.53	48.88	90.12
Earnings From Equity Investments	-26.38	-0.85	-	-
Currency Exchange Gain (Loss)	-41.93	-0.3	-0.01	-0.08
Other Non Operating Income (Expenses)	-65.99	8.91	24.83	18.38
EBT Excluding Unusual Items	3,505	3,284	1,290	879.92
Gain (Loss) on Sale of Investments	0.52	-	0.06	0.14
Gain (Loss) on Sale of Assets	6.42	7.97	1.69	182.92
Asset Writedown	-30.72	-11.25	-19.08	-15.32
Pretax Income	3,481	3,281	1,272	1,048
Income Tax Expense	561.77	651.38	191.86	134.76
Earnings From Continuing Operations	2,919	2,630	1,081	912.9
Minority Interest in Earnings	-188.29	-573.29	-77.06	-31.62
Net Income	2,731	2,056	1,004	881.29
Net Income to Common	2,731	2,056	1,004	881.29
Net Income Growth	32.81%	104.89%	13.88%	-
Shares Outstanding (Basic)	1,556	1,500	1,500	1,500
Shares Outstanding (Diluted)	1,556	1,500	1,500	1,500
Shares Change (YoY)	3.74%	-	-	-
EPS (Basic)	1.75	1.37	0.67	0.59
EPS (Diluted)	1.75	1.37	0.67	0.59
EPS Growth	28.02%	104.89%	13.88%	-
Free Cash Flow	2,312	359.23	4,102	912.82
Free Cash Flow Per Share	1.49	0.24	2.73	0.61
Dividend Per Share	0.692	-	-	-
Gross Margin	24.92%	28.28%	17.02%	15.23%
Operating Margin	22.83%	26.44%	15.56%	13.59%
Profit Margin	14.62%	13.56%	7.27%	6.53%
Free Cash Flow Margin	12.38%	2.37%	29.69%	6.77%
EBITDA	5,210	4,697	2,767	2,371
EBITDA Margin	27.89%	30.98%	20.03%	17.57%
D&A For EBITDA	945.3	688.71	618.22	537.62
EBIT	4,265	4,009	2,149	1,833
EBIT Margin	22.83%	26.44%	15.56%	13.59%
Effective Tax Rate	16.14%	19.85%	15.08%	12.86%

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