HKG:3836 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	20,027	15,617	16,579	16,322	17,981
Revenue Growth (YoY)	28.23%	-5.80%	1.58%	-9.23%	21.93%
Cost of Revenue	18,849	14,918	15,615	15,242	16,230
Gross Profit	1,178	699.73	964.03	1,080	1,751
Selling, General & Admin	1,859	1,272	1,195	1,229	1,137
Other Operating Expenses	-424.93	-551.63	-236.62	-82.38	-488.21
Operating Expenses	1,434	720.26	958.79	1,147	648.47
Operating Income	-256.56	-20.52	5.25	-66.94	1,103
Interest Expense	-249.31	-174.57	-132.04	-121.29	-130.85
Interest & Investment Income	9.87	50.53	67.02	71.57	66.35
Earnings From Equity Investments	-0.21	-0.01	-8.71	-3.69	0.25
Currency Exchange Gain (Loss)	-11.66	-3.73	-1.25	3.69	6.45
EBT Excluding Unusual Items	-507.87	-148.31	-69.73	-116.65	1,045
Gain (Loss) on Sale of Investments	-0.81	-0.91	-	-1,299	-58.76
Gain (Loss) on Sale of Assets	-28.59	-16.03	1.28	2.08	-18.34
Asset Writedown	-176.94	-9.32	-109.93	-94.2	-40.92
Other Unusual Items	-	-139.59	-	-	-
Pretax Income	-714.22	-314.15	-178.38	-1,507	926.97
Income Tax Expense	9.35	-28.41	63.15	115.52	235.69
Earnings From Continuing Operations	-723.57	-285.74	-241.52	-1,623	691.27
Minority Interest in Earnings	88.58	-5.34	-10.67	-4.96	-18.12
Net Income	-634.99	-291.07	-252.19	-1,628	673.16
Net Income to Common	-634.99	-291.07	-252.19	-1,628	673.16
Net Income Growth	-	-	-	-	63.90%
Shares Outstanding (Basic)	1,523	1,487	1,489	1,508	1,535
Shares Outstanding (Diluted)	1,523	1,487	1,489	1,508	1,541
Shares Change (YoY)	2.47%	-0.15%	-1.27%	-2.13%	-0.18%
EPS (Basic)	-0.42	-0.20	-0.17	-1.08	0.44
EPS (Diluted)	-0.42	-0.20	-0.17	-1.08	0.44
EPS Growth	-	-	-	-	64.08%
Free Cash Flow	-	-777.7	5.21	397.59	37.73
Free Cash Flow Per Share	-	-0.52	0.00	0.26	0.02
Dividend Per Share	-	-	0.034	0.058	0.171
Dividend Growth	-	-	-42.47%	-65.88%	157.18%
Gross Margin	5.88%	4.48%	5.82%	6.62%	9.74%
Operating Margin	-1.28%	-0.13%	0.03%	-0.41%	6.13%
Profit Margin	-3.17%	-1.86%	-1.52%	-9.97%	3.74%
Free Cash Flow Margin	-	-4.98%	0.03%	2.44%	0.21%
EBITDA	-67.26	168.78	233.99	138.43	1,301
EBITDA Margin	-0.34%	1.08%	1.41%	0.85%	7.23%
D&A For EBITDA	189.3	189.3	228.74	205.37	198
EBIT	-256.56	-20.52	5.25	-66.94	1,103
EBIT Margin	-1.28%	-0.13%	0.03%	-0.41%	6.13%
Effective Tax Rate	-	-	-	-	25.43%

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