HKG:3311 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	100,449	105,323	103,238	90,204	62,982
Revenue Growth (YoY)	-4.63%	2.02%	14.45%	43.22%	19.76%
Cost of Revenue	84,467	88,993	88,407	77,315	53,220
Gross Profit	15,982	16,330	14,831	12,889	9,762
Selling, General & Admin	2,636	2,566	2,365	2,138	1,842
Amortization of Goodwill & Intangibles	15.86	15.81	15.82	15.65	14.64
Operating Expenses	2,652	2,582	2,381	2,154	1,856
Operating Income	13,330	13,748	12,450	10,735	7,906
Interest Expense	-2,467	-2,920	-2,908	-2,643	-2,140
Interest & Investment Income	324.67	312.26	289.93	283.56	390.31
Earnings From Equity Investments	858.48	828.31	857.34	538.81	938.55
Other Non Operating Income (Expenses)	-70.83	-66.44	-125.45	146.73	120.68
EBT Excluding Unusual Items	11,976	11,902	10,564	9,061	7,215
Gain (Loss) on Sale of Investments	0.16	-	30.08	238.94	21.44
Gain (Loss) on Sale of Assets	118.3	83.19	4.76	38.41	12.08
Asset Writedown	-149.79	-145.79	387.52	196.21	397.33
Other Unusual Items	23.07	-	-	-	-
Pretax Income	11,967	11,839	10,987	9,534	7,646
Income Tax Expense	2,962	2,619	2,170	2,043	1,588
Earnings From Continuing Operations	9,005	9,220	8,817	7,492	6,058
Minority Interest in Earnings	-188.12	-315.65	-221.59	-191.74	-138.39
Net Income	8,817	8,905	8,595	7,300	5,919
Preferred Dividends & Other Adjustments	228.81	339.3	276.66	261.67	378.93
Net Income to Common	8,588	8,565	8,318	7,038	5,540
Net Income Growth	-0.98%	3.60%	17.74%	23.32%	9.46%
Shares Outstanding (Basic)	5,234	5,038	5,038	5,038	5,040
Shares Outstanding (Diluted)	5,234	5,038	5,038	5,038	5,040
Shares Change (YoY)	3.90%	-	-	-0.04%	-0.19%
EPS (Basic)	1.64	1.70	1.65	1.40	1.10
EPS (Diluted)	1.64	1.70	1.65	1.40	1.10
EPS Growth	-3.53%	2.95%	18.19%	27.09%	9.59%
Free Cash Flow	84.33	861.26	-55.81	-133.34	-1,008
Free Cash Flow Per Share	0.02	0.17	-0.01	-0.03	-0.20
Dividend Per Share	0.562	0.578	0.508	0.425	0.330
Dividend Growth	-2.82%	13.69%	19.72%	28.69%	8.84%
Gross Margin	15.91%	15.50%	14.37%	14.29%	15.50%
Operating Margin	13.27%	13.05%	12.06%	11.90%	12.55%
Profit Margin	8.55%	8.13%	8.06%	7.80%	8.80%
Free Cash Flow Margin	0.08%	0.82%	-0.05%	-0.15%	-1.60%
EBITDA	14,006	14,448	13,114	11,255	8,401
EBITDA Margin	13.94%	13.72%	12.70%	12.48%	13.34%
D&A For EBITDA	675.63	700.41	664.12	520.09	495.6
EBIT	13,330	13,748	12,450	10,735	7,906
EBIT Margin	13.27%	13.05%	12.06%	11.90%	12.55%
Effective Tax Rate	24.75%	22.12%	19.75%	21.42%	20.77%

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