HKG:9978 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	350.76	369.1	426.78	511.95	571.41
Revenue Growth (YoY)	-4.97%	-13.52%	-16.63%	-10.41%	106.49%
Cost of Revenue	291.26	309.84	339.75	409.68	432.8
Gross Profit	59.5	59.27	87.03	102.27	138.61
Selling, General & Admin	40.94	47.71	59.41	72.43	101.07
Other Operating Expenses	66.61	-	-	-	-
Operating Expenses	107.54	135.83	159.54	77.44	108.91
Operating Income	-48.04	-76.56	-72.51	24.83	29.7
Interest Expense	-0.05	-1.18	-1.47	-1.19	-0.26
Interest & Investment Income	-	0.16	0.27	0.28	1.15
Currency Exchange Gain (Loss)	-	1.76	0.46	3.83	-
Other Non Operating Income (Expenses)	5	2.4	2.95	4.15	4.93
EBT Excluding Unusual Items	-43.09	-73.42	-70.3	31.89	35.52
Merger & Restructuring Charges	-	-	-	-0.09	-4.02
Impairment of Goodwill	-11.89	-7.82	-	-	-
Gain (Loss) on Sale of Investments	-	0.59	-1.02	0.36	-
Gain (Loss) on Sale of Assets	-	-	-	-1.33	-
Asset Writedown	-	-4.83	-1.86	-4.29	-
Other Unusual Items	-	-3.86	5.69	4.13	-0.21
Pretax Income	-54.98	-89.33	-67.49	30.67	31.29
Income Tax Expense	16.48	-10.01	-10.37	-1.04	2.03
Earnings From Continuing Operations	-71.46	-79.33	-57.11	31.71	29.27
Minority Interest in Earnings	18.98	2.39	-3.5	-13.55	-9.07
Net Income	-52.48	-76.93	-60.61	18.16	20.2
Net Income to Common	-52.48	-76.93	-60.61	18.16	20.2
Net Income Growth	-	-	-	-10.07%	85.06%
Shares Outstanding (Basic)	400	400	400	400	400
Shares Outstanding (Diluted)	400	400	400	400	400
EPS (Basic)	-0.13	-0.19	-0.15	0.05	0.05
EPS (Diluted)	-0.13	-0.19	-0.15	0.05	0.05
EPS Growth	-	-	-	-10.07%	85.05%
Free Cash Flow	-	9.78	0.09	15.78	-21.92
Free Cash Flow Per Share	-	0.02	-	0.04	-0.06
Gross Margin	16.96%	16.06%	20.39%	19.98%	24.26%
Operating Margin	-13.70%	-20.74%	-16.99%	4.85%	5.20%
Profit Margin	-14.96%	-20.84%	-14.20%	3.55%	3.54%
Free Cash Flow Margin	-	2.65%	0.02%	3.08%	-3.84%
EBITDA	-38.44	-66.95	-63.61	33.96	36.47
EBITDA Margin	-10.96%	-18.14%	-14.90%	6.63%	6.38%
D&A For EBITDA	9.61	9.61	8.9	9.14	6.78
EBIT	-48.04	-76.56	-72.51	24.83	29.7
EBIT Margin	-13.70%	-20.74%	-16.99%	4.85%	5.20%
Effective Tax Rate	-	-	-	-	6.48%

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