SGX:LS9 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	11.5	7.03	27.08	55.98	49.86
Revenue Growth (YoY)	63.63%	-74.04%	-51.64%	12.29%	262.95%
Cost of Revenue	8.03	5.26	20.92	38.24	38.96
Gross Profit	3.47	1.76	6.15	17.74	10.9
Selling, General & Admin	31.61	40.22	42.83	38.04	26.29
Other Operating Expenses	38.82	-0.73	0.06	0.01	0.8
Operating Expenses	85.36	60.76	59.44	37.65	24.76
Operating Income	-81.89	-59	-53.29	-19.91	-13.87
Interest Expense	-10.68	-14.5	-8.61	-0.99	-1.1
Interest & Investment Income	0.21	1.64	1.54	0.51	0.3
Earnings From Equity Investments	-1.38	0.35	-0.81	0.5	-
Currency Exchange Gain (Loss)	-	-2.98	0.23	2.11	-1.83
Other Non Operating Income (Expenses)	2.93	13.68	21.98	-0.59	23.28
EBT Excluding Unusual Items	-90.81	-60.82	-38.96	-18.35	6.79
Gain (Loss) on Sale of Investments	-	-	-0	-	-
Gain (Loss) on Sale of Assets	318.62	-	0.61	-0.09	-0.47
Asset Writedown	-0.72	-0.54	-6.56	-0.15	-0.06
Legal Settlements	-	-	-	0.44	-
Other Unusual Items	-12.21	0.25	0.18	0.68	0.71
Pretax Income	214.88	-61.11	-44.72	-17.47	6.98
Income Tax Expense	3.19	-2.84	0.3	1.78	2.28
Earnings From Continuing Operations	211.7	-58.27	-45.02	-19.25	4.7
Earnings From Discontinued Operations	-5.62	-3.87	-7.99	-	-
Net Income to Company	206.07	-62.14	-53.02	-19.25	4.7
Minority Interest in Earnings	3.51	4.45	11.21	3.31	1.14
Net Income	209.58	-57.69	-41.81	-15.94	5.84
Net Income to Common	209.58	-57.69	-41.81	-15.94	5.84
Shares Outstanding (Basic)	1,535	1,535	1,535	1,535	1,422
Shares Outstanding (Diluted)	1,535	1,535	1,749	1,535	1,422
Shares Change (YoY)	-	-12.25%	13.96%	7.97%	33.98%
EPS (Basic)	0.14	-0.04	-0.03	-0.01	0.00
EPS (Diluted)	0.14	-0.04	-0.03	-0.01	0.00
Free Cash Flow	-47.61	-42.27	-61.28	-39.01	-57.95
Free Cash Flow Per Share	-0.03	-0.03	-0.04	-0.03	-0.04
Gross Margin	30.17%	25.10%	22.73%	31.69%	21.85%
Operating Margin	-712.04%	-839.50%	-196.81%	-35.55%	-27.81%
Profit Margin	1822.41%	-820.84%	-154.41%	-28.48%	11.71%
Free Cash Flow Margin	-414.00%	-601.38%	-226.32%	-69.68%	-116.23%
EBITDA	-74.25	-54.83	-49.04	-18.05	-13.33
EBITDA Margin	-	-	-181.11%	-32.24%	-26.74%
D&A For EBITDA	7.64	4.18	4.25	1.85	0.53
EBIT	-81.89	-59	-53.29	-19.91	-13.87
EBIT Margin	-	-	-196.81%	-35.55%	-27.81%
Effective Tax Rate	1.48%	-	-	-	32.64%

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