HB Global 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	78.41	80.73	80.05	76.07	131.46
Revenue Growth (YoY)	-2.87%	0.85%	5.24%	-42.14%	34.31%
Cost of Revenue	59.08	65.42	79	85.67	113.22
Gross Profit	19.33	15.31	1.05	-9.6	18.24
Selling, General & Admin	26.12	20.34	23.76	32.15	36.7
Other Operating Expenses	-0.03	-	-	85.66	2.71
Operating Expenses	26.09	20.34	23.94	117.81	39.4
Operating Income	-6.76	-5.04	-22.89	-127.41	-21.16
Interest Expense	-1.06	-1.17	-1.71	-2.92	-3.63
Interest & Investment Income	-	-	-	0	0
Currency Exchange Gain (Loss)	-	0.23	-1.18	3.67	0.29
Other Non Operating Income (Expenses)	-	2.37	-1.18	-5.5	8.6
EBT Excluding Unusual Items	-7.82	-3.61	-26.97	-132.16	-15.89
Impairment of Goodwill	-	-	-	-	-83.33
Gain (Loss) on Sale of Assets	-	-	0.32	2.37	0.04
Asset Writedown	-	-	-19.28	-38.01	14.58
Other Unusual Items	-	-	-	-	46.11
Pretax Income	-7.82	-3.61	-45.84	-167.7	-38.49
Income Tax Expense	0.09	-	-	-	0
Earnings From Continuing Operations	-7.91	-3.61	-45.84	-167.7	-38.49
Minority Interest in Earnings	-	-	0.01	2.16	1.21
Net Income	-7.91	-3.61	-45.83	-165.54	-37.29
Net Income to Common	-7.91	-3.61	-45.83	-165.54	-37.29
Shares Outstanding (Basic)	780	780	780	778	770
Shares Outstanding (Diluted)	780	780	780	778	770
Shares Change (YoY)	-	-	0.27%	1.00%	64.53%
EPS (Basic)	-0.01	-0.00	-0.06	-0.21	-0.05
EPS (Diluted)	-0.01	-0.00	-0.06	-0.21	-0.05
Free Cash Flow	-10.04	7.33	1.19	-4.23	-20.23
Free Cash Flow Per Share	-0.01	0.01	0.00	-0.01	-0.03
Gross Margin	24.65%	18.96%	1.32%	-12.63%	13.88%
Operating Margin	-8.62%	-6.24%	-28.59%	-167.50%	-16.10%
Profit Margin	-10.09%	-4.47%	-57.25%	-217.62%	-28.36%
Free Cash Flow Margin	-12.81%	9.09%	1.49%	-5.56%	-15.38%
EBITDA	-1.46	7.42	-9.02	-110.94	-4.89
EBITDA Margin	-1.87%	9.19%	-11.27%	-145.84%	-3.72%
D&A For EBITDA	5.3	12.45	13.87	16.47	16.27
EBIT	-6.76	-5.04	-22.89	-127.41	-21.16
EBIT Margin	-8.62%	-6.24%	-28.59%	-167.50%	-16.10%

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