HKG:9869 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
Operating Revenue	539.01	752.21	1,209	1,559	1,836
Other Revenue	1.53	0.97	8.95	-	-
Revenue	540.54	753.18	1,218	1,559	1,836
Revenue Growth (YoY)	-28.23%	-38.14%	-21.92%	-15.05%	124.42%
Cost of Revenue	354.34	525.87	718.7	1,673	1,264
Gross Profit	186.21	227.31	498.86	-114.06	571.96
Selling, General & Admin	27.6	31.67	56.59	96.3	59.47
Amortization of Goodwill & Intangibles	0.02	0.02	0.02	0.02	0.02
Other Operating Expenses	58.1	66.54	73.65	95.21	93.83
Operating Expenses	158.01	241.15	330.05	707.44	456.16
Operating Income	28.19	-13.84	168.81	-821.51	115.8
Interest Expense	-7.43	-11.19	-27.8	-42.01	-57.69
Interest & Investment Income	21.88	48.36	68.6	4.96	0.56
Currency Exchange Gain (Loss)	-23.39	35.17	42.05	61.06	-
Other Non Operating Income (Expenses)	-0.29	-21.26	-30.06	4.96	13.54
EBT Excluding Unusual Items	18.96	37.25	221.6	-792.54	72.21
Gain (Loss) on Sale of Investments	10.81	-	-	-	-
Gain (Loss) on Sale of Assets	-0.46	-41.17	-215.05	-142.04	-
Asset Writedown	-4.95	-95.25	-11.34	-712.91	-10.99
Other Unusual Items	13.45	22.61	156.76	31.01	-238.08
Pretax Income	37.8	-76.57	151.96	-1,616	-176.85
Income Tax Expense	3.85	1.41	-28.54	-15.32	53.15
Net Income	33.95	-77.98	180.5	-1,601	-230
Net Income to Common	33.95	-77.98	180.5	-1,601	-230
Shares Outstanding (Basic)	1,254	1,265	1,267	1,097	1,079
Shares Outstanding (Diluted)	1,254	1,265	1,267	1,097	1,079
Shares Change (YoY)	-0.94%	-0.10%	15.46%	1.68%	5.08%
EPS (Basic)	0.03	-0.06	0.14	-1.46	-0.21
EPS (Diluted)	0.03	-0.06	0.14	-1.46	-0.21
Free Cash Flow	-	157.32	229.46	-228.28	-626.93
Free Cash Flow Per Share	-	0.12	0.18	-0.21	-0.58
Dividend Per Share	0.161	0.272	0.431	-	-
Dividend Growth	-40.97%	-36.99%	-	-	-
Gross Margin	34.45%	30.18%	40.97%	-7.32%	31.16%
Operating Margin	5.22%	-1.84%	13.87%	-52.68%	6.31%
Profit Margin	6.28%	-10.35%	14.82%	-102.68%	-12.53%
Free Cash Flow Margin	-	20.89%	18.85%	-14.64%	-34.15%
EBITDA	93.62	51.59	258.18	-621.51	198.4
EBITDA Margin	17.32%	6.85%	21.20%	-39.86%	10.81%
D&A For EBITDA	65.43	65.43	89.37	200	82.6
EBIT	28.19	-13.84	168.81	-821.51	115.8
EBIT Margin	5.22%	-1.84%	13.86%	-52.68%	6.31%
Effective Tax Rate	10.18%	-	-	-	-

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