HKG:9928 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	2,496	2,389	2,471	2,606	2,720
Revenue Growth (YoY)	4.48%	-3.34%	-5.17%	-4.18%	54.67%
Cost of Revenue	2,000	1,901	1,956	2,050	1,978
Gross Profit	496.04	487.78	515.71	555.89	742.06
Selling, General & Admin	264.98	277.38	318.05	372.49	299.79
Operating Expenses	455.85	443.01	351.79	738.69	310.23
Operating Income	40.19	44.78	163.92	-182.8	431.83
Interest Expense	-0.55	-0.51	-0.5	-1.08	-3.35
Interest & Investment Income	12.1	9.39	9.8	1.85	3.84
Earnings From Equity Investments	-0.01	0.26	1.63	-3.89	5.48
Other Non Operating Income (Expenses)	-39.04	1,570	11.11	16.04	30.66
EBT Excluding Unusual Items	12.68	1,624	185.97	-169.87	468.47
Merger & Restructuring Charges	-	-	-	-	-30
Impairment of Goodwill	-	-1,615	-361.65	-80.77	-
Gain (Loss) on Sale of Investments	12.2	6.9	2.6	3.07	5.33
Asset Writedown	-	-	-2.96	-0.78	-
Pretax Income	24.88	15.91	-176.04	-248.35	443.79
Income Tax Expense	4.07	4.39	28.43	-48.75	109.66
Earnings From Continuing Operations	20.82	11.52	-204.47	-199.6	334.14
Minority Interest in Earnings	-3.73	-6.83	2.71	-14.03	-26.14
Net Income	17.09	4.7	-201.76	-213.63	308
Net Income to Common	17.09	4.7	-201.76	-213.63	308
Net Income Growth	263.85%	-	-	-	32.41%
Shares Outstanding (Basic)	982	982	982	982	982
Shares Outstanding (Diluted)	982	982	982	982	982
Shares Change (YoY)	-	-	-	-	4.19%
EPS (Basic)	0.02	0.00	-0.21	-0.22	0.31
EPS (Diluted)	0.02	0.00	-0.21	-0.22	0.31
EPS Growth	263.88%	-	-	-	27.09%
Free Cash Flow	-	176.38	126.74	61.92	33.43
Free Cash Flow Per Share	-	0.18	0.13	0.06	0.03
Dividend Per Share	0.048	0.036	0.024	0.022	0.047
Dividend Growth	33.33%	50.00%	9.09%	-53.19%	-33.80%
Gross Margin	19.88%	20.42%	20.87%	21.33%	27.28%
Operating Margin	1.61%	1.87%	6.63%	-7.01%	15.88%
Profit Margin	0.69%	0.20%	-8.16%	-8.20%	11.33%
Free Cash Flow Margin	-	7.38%	5.13%	2.38%	1.23%
EBITDA	96.9	101.49	220.87	-125.63	482.38
EBITDA Margin	3.88%	4.25%	8.94%	-4.82%	17.74%
D&A For EBITDA	56.72	56.72	56.95	57.17	50.55
EBIT	40.19	44.78	163.92	-182.8	431.83
EBIT Margin	1.61%	1.87%	6.63%	-7.01%	15.88%
Effective Tax Rate	16.34%	27.56%	-	-	24.71%

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