HKG:8623 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	256.16	256.61	244.69	757.9	544.39
Revenue Growth (YoY)	-0.18%	4.87%	-67.72%	39.22%	5.06%
Cost of Revenue	257.67	255.56	244.32	773.48	538.33
Gross Profit	-1.51	1.05	0.37	-15.58	6.06
Selling, General & Admin	24.86	29.79	44.32	27.61	30.95
Other Operating Expenses	-0.39	-	-	-	-
Operating Expenses	102.51	72.43	49.56	30.31	34.03
Operating Income	-104.02	-71.38	-49.19	-45.89	-27.97
Interest Expense	-8.54	-6.86	-7.08	-10.3	-10.55
Interest & Investment Income	1.47	0.03	2.49	2.47	1.51
Earnings From Equity Investments	-0.02	-	-	-	-
Other Non Operating Income (Expenses)	4.89	18.6	5.38	20.02	11.69
EBT Excluding Unusual Items	-106.22	-59.62	-48.41	-33.69	-25.33
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	1.15	-	-	0.04	-
Asset Writedown	-17.39	-2	-7.84	-	-2.64
Other Unusual Items	0.69	-	-	0.14	0.32
Pretax Income	-121.78	-61.62	-56.84	-32	-30.65
Income Tax Expense	-0.51	6.56	3.74	-6.36	-4.12
Earnings From Continuing Operations	-121.27	-68.18	-60.59	-25.64	-26.52
Minority Interest in Earnings	14.1	9.34	0.54	4.1	1.3
Net Income	-107.17	-58.84	-60.04	-21.54	-25.22
Net Income to Common	-107.17	-58.84	-60.04	-21.54	-25.22
Shares Outstanding (Basic)	145	99	92	92	87
Shares Outstanding (Diluted)	145	99	92	92	87
Shares Change (YoY)	46.73%	7.54%	-	6.36%	24.40%
EPS (Basic)	-0.74	-0.59	-0.65	-0.23	-0.29
EPS (Diluted)	-0.74	-0.59	-0.65	-0.23	-0.29
Free Cash Flow	-	-6.89	-20.71	45.25	-39.63
Free Cash Flow Per Share	-	-0.07	-0.23	0.49	-0.46
Gross Margin	-0.59%	0.41%	0.15%	-2.05%	1.11%
Operating Margin	-40.61%	-27.82%	-20.10%	-6.05%	-5.14%
Profit Margin	-41.84%	-22.93%	-24.54%	-2.84%	-4.63%
Free Cash Flow Margin	-	-2.69%	-8.46%	5.97%	-7.28%
EBITDA	-98.31	-65.67	-40.22	-35.8	-19.65
EBITDA Margin	-38.38%	-25.59%	-16.44%	-4.72%	-3.61%
D&A For EBITDA	5.71	5.71	8.97	10.09	8.33
EBIT	-104.02	-71.38	-49.19	-45.89	-27.97
EBIT Margin	-40.61%	-27.82%	-20.10%	-6.05%	-5.14%

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