HKG:8623 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	335.53	256.61	244.69	757.9	544.39	518.16
Revenue Growth (YoY)	65.43%	4.87%	-67.72%	39.22%	5.06%	-24.41%
Cost of Revenue	334.91	255.56	244.32	773.48	538.33	481.7
Gross Profit	0.62	1.05	0.37	-15.58	6.06	36.46
Selling, General & Admin	27.94	29.79	44.32	27.61	30.95	24.6
Operating Expenses	70.58	72.43	49.56	30.31	34.03	24.84
Operating Income	-69.96	-71.38	-49.19	-45.89	-27.97	11.61
Interest Expense	-8	-6.86	-7.08	-10.3	-10.55	-8.82
Interest & Investment Income	-	0.03	2.49	2.47	1.51	0.02
Other Non Operating Income (Expenses)	16.38	18.6	5.38	20.02	11.69	-0.23
EBT Excluding Unusual Items	-61.58	-59.62	-48.41	-33.69	-25.33	2.59
Merger & Restructuring Charges	-	-	-	-	-3.3	-
Impairment of Goodwill	-	-	-0.6	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	1.52	0.3	-
Gain (Loss) on Sale of Assets	-	-	-	0.04	-	0.08
Asset Writedown	-2	-2	-7.84	-	-2.64	-
Other Unusual Items	-	-	-	0.14	0.32	-
Pretax Income	-63.57	-61.62	-56.84	-32	-30.65	2.67
Income Tax Expense	9.86	6.56	3.74	-6.36	-4.12	-0.12
Earnings From Continuing Operations	-73.43	-68.18	-60.59	-25.64	-26.52	2.79
Minority Interest in Earnings	10.83	9.34	0.54	4.1	1.3	-0.9
Net Income	-62.6	-58.84	-60.04	-21.54	-25.22	1.9
Net Income to Common	-62.6	-58.84	-60.04	-21.54	-25.22	1.9
Net Income Growth	-	-	-	-	-	-92.88%
Shares Outstanding (Basic)	115	99	92	92	87	70
Shares Outstanding (Diluted)	115	99	92	92	87	70
Shares Change (YoY)	25.14%	7.54%	-	6.36%	24.40%	15.89%
EPS (Basic)	-0.54	-0.59	-0.65	-0.23	-0.29	0.03
EPS (Diluted)	-0.54	-0.59	-0.65	-0.23	-0.29	0.03
EPS Growth	-	-	-	-	-	-93.86%
Free Cash Flow	1.31	-6.89	-20.71	45.25	-39.63	-20.22
Free Cash Flow Per Share	0.01	-0.07	-0.23	0.49	-0.46	-0.29
Gross Margin	0.18%	0.41%	0.15%	-2.05%	1.11%	7.04%
Operating Margin	-20.85%	-27.82%	-20.10%	-6.05%	-5.14%	2.24%
Profit Margin	-18.66%	-22.93%	-24.54%	-2.84%	-4.63%	0.37%
Free Cash Flow Margin	0.39%	-2.69%	-8.46%	5.97%	-7.28%	-3.90%
EBITDA	-63.53	-65.67	-40.22	-35.8	-19.65	19.48
EBITDA Margin	-18.93%	-25.59%	-16.44%	-4.72%	-3.61%	3.76%
D&A For EBITDA	6.43	5.71	8.97	10.09	8.33	7.87
EBIT	-69.96	-71.38	-49.19	-45.89	-27.97	11.61
EBIT Margin	-20.85%	-27.82%	-20.10%	-6.05%	-5.14%	2.24%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.