SGXC:VI2 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	1,995	2,554	3,456	4,027	4,516
Revenue Growth (YoY)	-21.90%	-26.08%	-14.18%	-10.83%	7.16%
Cost of Revenue	1,990	2,574	3,395	3,829	4,144
Gross Profit	4.52	-19.96	60.71	197.12	371.56
Selling, General & Admin	218.93	255.22	292.1	267.22	272.19
Other Operating Expenses	-136.76	-205.82	-200.96	-121.94	-99.36
Operating Expenses	82.16	49.4	91.13	145.28	172.83
Operating Income	-77.64	-69.36	-30.42	51.84	198.73
Interest Expense	-27.53	-33.11	-38.69	-33.84	-48.18
Interest & Investment Income	0.36	0.68	2.26	6.25	1.49
Currency Exchange Gain (Loss)	-1.13	1.08	0.75	0.58	2.32
Other Non Operating Income (Expenses)	-5.14	-3.9	-5.69	-3.61	-
EBT Excluding Unusual Items	-111.08	-104.6	-71.79	21.22	154.35
Impairment of Goodwill	-	-	-4.17	-	-
Gain (Loss) on Sale of Assets	-5	1.15	4.11	6.94	4.77
Asset Writedown	-25.16	-	-21.66	-	-
Other Unusual Items	4.47	-	0.65	0.06	4.09
Pretax Income	-136.77	-103.45	-92.86	28.22	163.22
Income Tax Expense	-2.06	-0.05	-1.29	7.26	39.25
Net Income	-134.7	-103.4	-91.58	20.96	123.96
Net Income to Common	-134.7	-103.4	-91.58	20.96	123.96
Net Income Growth	-	-	-	-83.09%	12.79%
Shares Outstanding (Basic)	590	590	590	587	511
Shares Outstanding (Diluted)	590	590	590	587	511
Shares Change (YoY)	-	-	0.44%	14.83%	2.38%
EPS (Basic)	-0.23	-0.18	-0.16	0.04	0.24
EPS (Diluted)	-0.23	-0.18	-0.16	0.04	0.24
EPS Growth	-	-	-	-85.12%	9.09%
Free Cash Flow	60.59	0.05	24	230.21	179.1
Free Cash Flow Per Share	0.10	-	0.04	0.39	0.35
Dividend Per Share	-	-	-	0.007	0.026
Dividend Growth	-	-	-	-73.54%	-
Gross Margin	0.23%	-0.78%	1.76%	4.90%	8.23%
Operating Margin	-3.89%	-2.71%	-0.88%	1.29%	4.40%
Profit Margin	-6.75%	-4.05%	-2.65%	0.52%	2.74%
Free Cash Flow Margin	3.04%	0.00%	0.69%	5.72%	3.97%
EBITDA	-37	-22.39	12.84	82.98	222.89
EBITDA Margin	-1.85%	-0.88%	0.37%	2.06%	4.94%
D&A For EBITDA	40.64	46.97	43.26	31.14	24.16
EBIT	-77.64	-69.36	-30.42	51.84	198.73
EBIT Margin	-3.89%	-2.71%	-0.88%	1.29%	4.40%
Effective Tax Rate	-	-	-	25.72%	24.05%
Advertising Expenses	-	-	-	-	15.96

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