Chinese Estates Holdings Income Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	-61.03	-	-	-	-	-
Other Revenue	94.72	174.84	685.11	435.35	708.16	433.76
Total Revenue	84.49	225.64	775.86	1,480	1,193	3,003
Revenue Growth (YoY	-87.01%	-70.92%	-47.59%	24.07%	-60.27%	97.61%
Property Expenses	47.79	56.59	49.26	58.26	282.46	84.77
Selling, General & Administrative	325.18	348.2	333.87	358.05	344.5	320.6
Total Operating Expenses	372.97	404.79	383.13	416.31	626.95	405.37
Operating Income	-288.48	-179.15	392.73	1,064	566.19	2,598
Interest Expense	-149.76	-205.63	-221.85	-126.49	-90.81	-188.33
Interest & Investment Income	128.73	20.71	-	-	-	-
Currency Exchange Gain (Loss)	0.03	-	1.78	0.93	11.36	-20.23
Other Non-Operating Income	55.68	11.9	28.13	-1.76	38.14	260.51
EBT Excluding Unusual Items	-253.8	-352.18	200.8	936.75	524.88	2,650
Gain (Loss) on Sale of Investments	29.83	-	-65.46	-291.13	-2,629	-427.83
Gain (Loss) on Sale of Assets	-39.76	-35.78	-0.03	0.34	0.25	6.3
Asset Writedown	-1,851	-1,736	-31.01	528.48	-1,377	-1,549
Other Unusual Items	-	-	-	4.7	-	13.74
Pretax Income	-2,115	-2,124	104.3	1,179	-3,480	692.55
Income Tax Expense	-18.13	-16.04	27.16	26.83	33.19	70.28
Earnings From Continuing Operations	-2,096	-2,108	77.14	1,152	-3,514	622.26
Minority Interest in Earnings	-0.35	-0.41	-0.31	-0.09	-1.76	-0.03
Net Income	-2,097	-2,108	76.83	1,152	-3,515	622.23
Net Income to Common	-2,097	-2,108	76.83	1,152	-3,515	622.23
Net Income Growth	-	-	-93.33%	-	-	-21.25%
Basic Shares Outstanding	1,908	1,908	1,908	1,908	1,908	1,908
Diluted Shares Outstanding	1,908	1,908	1,908	1,908	1,908	1,908
EPS (Basic)	-1.10	-1.11	0.04	0.60	-1.84	0.33
EPS (Diluted)	-1.10	-1.11	0.04	0.60	-1.84	0.33
EPS Growth	-	-	-93.33%	-	-	-21.25%
Dividend Per Share	0.040	0.030	-	-	-	0.020
Operating Margin	-341.45%	-79.40%	50.62%	71.88%	47.45%	86.50%
Profit Margin	-2481.68%	-934.39%	9.90%	77.83%	-294.63%	20.72%
EBITDA	-240.37	-118.43	451.52	1,127	622.55	2,623
EBITDA Margin	-284.50%	-52.49%	58.20%	76.13%	52.18%	87.35%
D&A For Ebitda	48.11	60.72	58.79	62.98	56.36	25.62
EBIT	-288.48	-179.15	392.73	1,064	566.19	2,598
EBIT Margin	-	-79.40%	50.62%	71.88%	47.45%	86.50%
Effective Tax Rate	-	-	26.04%	2.27%	-	10.15%

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