HKG:8348 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	2,021	3,710	3,650	3,301	3,070
Revenue Growth (YoY)	-45.53%	1.66%	10.57%	7.54%	6.56%
Cost of Revenue	2,024	3,682	3,589	3,169	2,896
Gross Profit	-2.43	28.59	61.07	131.75	173.4
Selling, General & Admin	46.51	43.97	52.44	56.46	59.2
Other Operating Expenses	6.72	-0.04	-	-0.8	-2
Operating Expenses	54.88	40.65	47.23	61.43	103.73
Operating Income	-57.31	-12.06	13.84	70.32	69.67
Interest Expense	-10.38	-19.61	-21.34	-20.7	-23.55
Interest & Investment Income	9.46	7.33	11.83	16.17	17.21
Earnings From Equity Investments	11.55	5.56	26.59	54.94	33.76
Currency Exchange Gain (Loss)	0.13	0.52	0.45	0.66	0.28
Other Non Operating Income (Expenses)	-	-	0.75	-	-
EBT Excluding Unusual Items	-46.56	-18.26	32.13	121.38	97.37
Gain (Loss) on Sale of Investments	-	24.12	-	1.61	-
Gain (Loss) on Sale of Assets	-1.28	-0.14	-0.28	-0.32	-0.4
Asset Writedown	-4.69	-5.2	-2.18	-4.4	9.51
Legal Settlements	-	-	-	-38.63	-
Other Unusual Items	0.12	5.14	11.31	1.16	6.17
Pretax Income	-52.41	5.66	40.98	80.8	112.66
Income Tax Expense	0.2	-0.41	4.63	21.12	33.35
Earnings From Continuing Operations	-52.61	6.06	36.35	59.68	79.31
Minority Interest in Earnings	17.97	-0.16	-6.57	-30.06	-45.63
Net Income	-34.64	5.9	29.78	29.62	33.68
Net Income to Common	-34.64	5.9	29.78	29.62	33.68
Net Income Growth	-	-80.19%	0.52%	-12.05%	-
Shares Outstanding (Basic)	354	354	354	354	354
Shares Outstanding (Diluted)	354	354	354	354	354
Shares Change (YoY)	-0.11%	-	-	-	-
EPS (Basic)	-0.10	0.02	0.08	0.08	0.10
EPS (Diluted)	-0.10	0.02	0.08	0.08	0.10
EPS Growth	-	-80.19%	0.52%	-12.05%	-
Free Cash Flow	96.73	24.85	-154.6	60.39	79.72
Free Cash Flow Per Share	0.27	0.07	-0.44	0.17	0.23
Dividend Per Share	-	0.030	0.020	0.030	-
Dividend Growth	-	50.00%	-33.33%	-	-
Gross Margin	-0.12%	0.77%	1.67%	3.99%	5.65%
Operating Margin	-2.84%	-0.33%	0.38%	2.13%	2.27%
Profit Margin	-1.71%	0.16%	0.82%	0.90%	1.10%
Free Cash Flow Margin	4.79%	0.67%	-4.24%	1.83%	2.60%
EBITDA	-44.41	4.83	31.95	87.13	85.27
EBITDA Margin	-2.20%	0.13%	0.88%	2.64%	2.78%
D&A For EBITDA	12.91	16.89	18.12	16.81	15.61
EBIT	-57.31	-12.06	13.84	70.32	69.67
EBIT Margin	-2.84%	-0.33%	0.38%	2.13%	2.27%
Effective Tax Rate	-	-	11.31%	26.13%	29.60%

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