HKG:3869 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	1,471	1,442	1,428	1,143	520.29
Revenue Growth (YoY)	1.99%	1.02%	24.92%	119.68%	30.33%
Cost of Revenue	1,203	1,166	1,188	992.07	306.06
Gross Profit	267.62	275.82	239.36	150.88	214.23
Selling, General & Admin	121.17	109.12	130.8	95.5	97.88
Other Operating Expenses	25.81	-13.53	-17.05	18.66	17.91
Operating Expenses	146.97	95.58	113.75	114.16	115.78
Operating Income	120.65	180.24	125.61	36.71	98.44
Interest Expense	-	-2.58	-2.46	-4.91	-6.09
Interest & Investment Income	65.32	10.53	9.74	8.99	6.73
Currency Exchange Gain (Loss)	-	-	-	5.61	-13.35
Other Non Operating Income (Expenses)	-	-128.54	-141.84	-0.06	-1.32
EBT Excluding Unusual Items	185.97	59.65	-8.95	46.35	84.42
Impairment of Goodwill	-	-	-	-362.82	-141.27
Gain (Loss) on Sale of Investments	0.63	1.62	2.23	5.72	5.76
Gain (Loss) on Sale of Assets	-	-	-	-0.65	-0.14
Asset Writedown	-	-	-	-97.46	-410.71
Other Unusual Items	-	-	222.92	-123.76	12.84
Pretax Income	186.59	61.27	216.2	-532.63	-449.1
Income Tax Expense	47.56	47.48	47.86	-4.03	-86.71
Earnings From Continuing Operations	139.03	13.79	168.34	-528.6	-362.4
Net Income to Company	139.03	13.79	168.34	-528.6	-362.4
Minority Interest in Earnings	-2.61	-52.42	-36.96	47.65	81.69
Net Income	136.42	-38.63	131.38	-480.95	-280.71
Net Income to Common	136.42	-38.63	131.38	-480.95	-280.71
Shares Outstanding (Basic)	136	137	137	138	138
Shares Outstanding (Diluted)	201	137	202	138	138
Shares Change (YoY)	46.79%	-32.20%	46.29%	-	-
EPS (Basic)	1.00	-0.28	0.96	-3.48	-2.03
EPS (Diluted)	0.35	-0.28	0.21	-3.48	-2.03
Free Cash Flow	-	196.87	68.7	127.55	120.65
Free Cash Flow Per Share	-	1.44	0.34	0.92	0.87
Gross Margin	18.19%	19.12%	16.77%	13.20%	41.17%
Operating Margin	8.20%	12.50%	8.80%	3.21%	18.92%
Profit Margin	9.27%	-2.68%	9.20%	-42.08%	-53.95%
Free Cash Flow Margin	-	13.65%	4.81%	11.16%	23.19%
EBITDA	176.95	236.54	187.6	95.45	136.2
EBITDA Margin	12.03%	16.40%	13.14%	8.35%	26.18%
D&A For EBITDA	56.31	56.31	61.99	58.73	37.75
EBIT	120.65	180.24	125.61	36.71	98.44
EBIT Margin	8.20%	12.50%	8.80%	3.21%	18.92%
Effective Tax Rate	25.49%	77.49%	22.14%	-	-

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