Million Cities Holdings Limited (HKG:2892)

Million Cities Holdings Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	63.89	99.71	641.63	571.18	1,349
Revenue Growth (YoY)	-35.93%	-84.46%	12.33%	-57.64%	8.63%
Cost of Revenue	69.91	116.84	806.14	296.09	1,035
Gross Profit	-6.02	-17.13	-164.5	275.09	313.38
Selling, General & Admin	32.84	49.4	106.86	98.39	111.46
Other Operating Expenses	-3.52	1.85	0.43	0.63	1.44
Operating Expenses	29.84	52.6	107.3	99.01	112.9
Operating Income	-35.86	-69.73	-271.8	176.08	200.48
Interest Expense	-0.02	-0.02	-6.36	-4.62	-21.95
Interest & Investment Income	5.09	11.39	8.7	5.91	4.91
Earnings From Equity Investments	-23.53	-64.95	-258.97	42.84	79.81
Currency Exchange Gain (Loss)	-1.04	0.84	-0.08	-0.46	0.14
Other Non Operating Income (Expenses)	-	-	27.94	-	-1.89
EBT Excluding Unusual Items	-55.36	-122.46	-500.56	219.75	261.5
Gain (Loss) on Sale of Investments	-	-	11.34	-	-
Gain (Loss) on Sale of Assets	2.24	-	-	-	0.01
Asset Writedown	0.37	-0.41	-37.03	17.09	28.05
Other Unusual Items	-	-	-	0.22	-
Pretax Income	-52.75	-122.87	-526.25	237.06	289.56
Income Tax Expense	-25.81	20.64	80.99	122.62	102.28
Earnings From Continuing Operations	-26.94	-143.51	-607.23	114.44	187.28
Minority Interest in Earnings	6.42	29.7	124.96	-45.26	-20.9
Net Income	-20.53	-113.82	-482.28	69.18	166.38
Net Income to Common	-20.53	-113.82	-482.28	69.18	166.38
Net Income Growth	-	-	-	-58.42%	47.57%
Shares Outstanding (Basic)	750	750	750	750	750
Shares Outstanding (Diluted)	750	750	750	750	750
EPS (Basic)	-0.03	-0.15	-0.64	0.09	0.22
EPS (Diluted)	-0.03	-0.15	-0.64	0.09	0.22
EPS Growth	-	-	-	-58.42%	47.57%
Free Cash Flow	-	-75.4	367.99	7.04	102.45
Free Cash Flow Per Share	-	-0.10	0.49	0.01	0.14
Gross Margin	-9.43%	-17.18%	-25.64%	48.16%	23.24%
Operating Margin	-56.13%	-69.93%	-42.36%	30.83%	14.87%
Profit Margin	-32.13%	-114.15%	-75.16%	12.11%	12.34%
Free Cash Flow Margin	-	-75.61%	57.35%	1.23%	7.60%
EBITDA	-33.02	-66.88	-264.58	181.9	208.18
EBITDA Margin	-51.68%	-67.08%	-41.23%	31.85%	15.44%
D&A For EBITDA	2.84	2.84	7.22	5.82	7.7
EBIT	-35.86	-69.73	-271.8	176.08	200.48
EBIT Margin	-56.13%	-69.93%	-42.36%	30.83%	14.87%
Effective Tax Rate	-	-	-	51.72%	35.32%

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