JY Grandmark Holdings Limited (02231.HK) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	4.0B	559.1M	3.4B	513.5M	513.3M
Cost of Revenue	3.7B	685.5M	2.9B	2.1B	439.7M
Gross Profit	300.4M	(126.4M)	500.5M	(1.6B)	73.6M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	342.9M	107.7M	237.6M	142.9M	183.8M
General & Admin Expense	171.7M	71.7M	102.5M	86.8M	117.5M
Selling & Marketing Expense	171.2M	36.0M	135.1M	56.0M	66.3M
Other Expenses	342.3M	127.0M	286.4M	214.6M	903.5M
Total Operating Expenses	685.2M	234.8M	524.1M	357.4M	1.1B
Cost and Expenses	4.4B	920.3M	3.5B	2.5B	1.5B
Operating Income (EBIT)	(384.8M)	(361.2M)	(23.6M)	(2.0B)	(1.0B)
Non-Operating
Interest Income	2.3M	238.7K	1.2M	13.5M	18.4M
Interest Expense	165.9M	130.9M	35.0M	16.1M	18.6M
Net Interest Income	(164.7M)	(130.6M)	(33.8M)	(2.6M)	(220.0K)
Other Non-Op Income/Expense	(165.7M)	(134.1M)	(31.6M)	(19.1M)	(18.9M)
Non-Operating Income (excl Interest)	9.1M	(28.2M)	(3.4M)	3.0M	(164.2M)
EBT (Pre-Tax Income)	(550.5M)	(495.3M)	(55.2M)	(2.0B)	(1.0B)
Income Tax Expense	108.8M	31.5M	77.4M	146.1M	(144.8M)
Bottom Line
Net Income	(753.0M)	(408.9M)	(344.1M)	(1.8B)	(721.9M)
Earnings from Cont. Ops	(659.3M)	(526.8M)	(132.6M)	(2.1B)	(887.8M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(753.0M)	(408.9M)	(344.1M)	(1.8B)	(721.9M)
Per Share
Basic EPS	(HK$0.46)	(HK$0.25)	(HK$0.21)	(HK$1.11)	(HK$0.44)
Diluted EPS	(HK$0.46)	(HK$0.25)	(HK$0.21)	(HK$1.11)	(HK$0.44)
Revenue Per Share	HK$2.42	HK$0.34	HK$2.08	HK$0.31	HK$0.31
Shares
Basic Shares Outstanding	1.6B	1.6B	1.6B	1.6B	1.6B
Diluted Shares Outstanding	1.6B	1.6B	1.6B	1.6B	1.6B
Profitability Metrics
EBITDA	(354.4M)	(321.4M)	1.4M	(2.0B)	(831.1M)
D&A	39.5M	11.5M	21.6M	27.5M	18.4M
EBIT	(393.9M)	(332.9M)	(20.2M)	(2.0B)	(849.5M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Dec 1, 2025