HKG:9993 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	14,194	24,766	34,249	35,318	40,026
Revenue Growth (YoY)	-42.69%	-27.69%	-3.03%	-11.76%	14.77%
Cost of Revenue	15,754	30,565	31,720	30,139	32,278
Gross Profit	-1,560	-5,799	2,529	5,179	7,747
Selling, General & Admin	1,103	1,351	1,717	1,785	2,645
Other Operating Expenses	56.13	99.67	152.13	191.64	44.88
Operating Expenses	1,159	1,451	1,869	1,977	2,690
Operating Income	-2,720	-7,250	659.76	3,202	5,058
Interest Expense	-694.3	-364.48	-295.84	-236.1	-349.89
Interest & Investment Income	4.99	21.25	51.72	91.52	197.81
Earnings From Equity Investments	-2,177	-552.4	-99.22	-241.61	739.45
Currency Exchange Gain (Loss)	9.85	-	-	-	83.43
Other Non Operating Income (Expenses)	3.72	1.94	11.21	12.15	25.8
EBT Excluding Unusual Items	-5,572	-8,144	327.62	2,828	5,754
Gain (Loss) on Sale of Investments	-107.82	-84.38	-1.42	14.45	-6.09
Gain (Loss) on Sale of Assets	0.4	10.17	2.55	0.03	51.62
Asset Writedown	-995.07	-619.52	359.76	844.57	656.99
Other Unusual Items	4.09	15.31	9.24	19.02	8.67
Pretax Income	-6,671	-8,822	697.76	3,706	6,466
Income Tax Expense	1,268	1,230	1,132	1,623	2,772
Earnings From Continuing Operations	-7,939	-10,052	-433.94	2,083	3,694
Minority Interest in Earnings	1,019	940.94	-147.31	-378.12	-418.92
Net Income	-6,919	-9,111	-581.25	1,705	3,275
Net Income to Common	-6,919	-9,111	-581.25	1,705	3,275
Net Income Growth	-	-	-	-47.94%	4.71%
Shares Outstanding (Basic)	4,045	4,045	4,045	4,045	4,045
Shares Outstanding (Diluted)	4,045	4,045	4,045	4,045	4,045
Shares Change (YoY)	-	-	-	-	15.26%
EPS (Basic)	-1.71	-2.25	-0.14	0.42	0.81
EPS (Diluted)	-1.71	-2.25	-0.14	0.42	0.81
EPS Growth	-	-	-	-47.94%	-9.15%
Free Cash Flow	-	2,899	7,934	8,313	2,559
Free Cash Flow Per Share	-	0.72	1.96	2.06	0.63
Dividend Per Share	-	-	-	-	0.130
Dividend Growth	-	-	-	-	-51.85%
Gross Margin	-10.99%	-23.42%	7.38%	14.67%	19.36%
Operating Margin	-19.16%	-29.27%	1.93%	9.07%	12.64%
Profit Margin	-48.75%	-36.79%	-1.70%	4.83%	8.18%
Free Cash Flow Margin	-	11.71%	23.17%	23.54%	6.39%
EBITDA	-2,677	-7,208	681.75	3,231	5,102
EBITDA Margin	-18.86%	-29.10%	1.99%	9.15%	12.75%
D&A For EBITDA	42.17	42.17	21.99	28.41	44.14
EBIT	-2,720	-7,250	659.76	3,202	5,058
EBIT Margin	-19.16%	-29.27%	1.93%	9.07%	12.64%
Effective Tax Rate	-	-	162.19%	43.80%	42.87%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.