Our other income and gains decreased from RMB101.7 million for the year ended December 31, 2024 to RMB68.3 million for the year ended December 31, 2025, primarily due to (i) a decrease in government grants, as government grants released from deferred income decreased; and (ii) a decrease in investment income, as the amount of wealth management products we purchased reduced.
Financial Information · 第 226 页
Government grants(1) | 60,736 | 97,040 | 61,881
Financial Information · 第 222 页
For the years ended December 31, 2023, 2024 and 2025, government grants amounting to RMB50.5 million, RMB94.3 million and RMB60.2 million respectively, were released from deferred income.
山推工程机械股份有限公司Shantui Construction Machinery Co., Ltd.
政府补助减少致其他收入及收益下降
Our other income and gains decreased by 34.8% from RMB261.1 million in 2024 to RMB170.1 million in 2025, primarily due to the decrease in government grants.
Financial Information · 第 227 页
Our other income and gains increased by 6.2% from RMB245.8 million in 2023 to RMB261.1 million in 2024, primarily due to the increase in additional input VAT deduction.
Our other income and gains decreased by 77.8% from RMB21.2 million in 2024 to RMB4.7 million in 2025, primarily due to the absence of a reversal of legal provisions in 2025, as compared to a one-off reversal of RMB14.3 million recorded in 2024.
Financial Information · 第 206 页
Our other income and gains increased by 79.7% from RMB11.8 million in 2023 to RMB21.2 million in 2024, primarily due to the reversal of provisions of RMB14.3 million.
Financial Information · 第 209 页
(vii) gain on reversal of provisions made in 2021, resulting from the reduction in the estimated compensation amount following the final judgment of legal proceedings in December 2024
We recorded penalty income of RMB2.3 million in 2023, reflecting a one-off penalty payment received from a customer who canceled their order after we had commenced production.
Financial Information · 第 222 页
Our other income and gains decreased slightly from RMB21.9 million in 2023 to RMB20.3 million in 2024, primarily attributable to (i) a decrease in penalty income of RMB2.3 million, reflecting a one-off penalty payment received from a defaulting customer in 2023, and
上海百秋尚美科技服务集团股份有限公司Shanghai Buy Quickly BMax Technology Services Group Co., Ltd.
政府补助一次性且波动大影响其他收入
Our other income and gains decreased from RMB63.0 million in 2023 to RMB20.2 million in 2024, primarily due to a decrease in government grants related to income from RMB50.3 million in 2023 to RMB6.9 million in 2024.
Financial Information · 第 224 页
The majority of our government grants are one-time and non-recurring.
Financial Information · 第 224 页
Other income and gains, net increased from RMB20.2 million in 2024 to RMB51.3 million in 2025, primarily due to an increase in government grants related to income from RMB6.9 million in 2024 to RMB37.2 million in 2025.
This was primarily due to a decrease in government grants from RMB38.9 million to RMB23.0 million in 2024 and 2025 respectively, because many government grants in 2024 were of one-off nature.
Financial Information · 第 186 页
Our recognized government grants primarily derive from two ongoing national policies: (i) the VAT super-deduction policy; and (ii) special funds for the commercialization of high and new technology achievements.
(3) net income from sales of one-off medical equipment in 2023.
Financial Information · 第 188 页
Other income and losses, net decreased by 86.1% from RMB22.5 million in 2023 to RMB3.1 million in 2024, primarily due to a significant decrease in net income from sales of one-off medical equipment from RMB20.6 million in 2023 to nil in 2024, as such temporary pandemic-related activities wound down following the pandemic.
partially offset by a change in (loss)/gain on disposal and write-off of property, plant and equipment and other assets from a gain of RMB137.3 million in 2024 to a loss of RMB10.7 million in 2025, mainly because we disposed of certain manufacturing plants in 2024.
Financial Information · 第 186 页
Our net other income, gains and losses decreased by 9.1% from RMB904.5 million in 2023 to RMB821.9 million in 2024, primarily due to a decrease in gains from financial assets at FVTPL of RMB320.6 million, mainly due to changes in the fair value of our equity investments.
Our other income, net increased significantly from Rp14,354 million in the year ended December 31, 2023 to Rp71,156 million in the year ended December 31, 2024, primarily due to the gain on disposals of our subsidiaries in 2024, including PT MNC Media Baru, PT MNI Global and PT Media Nusantara Informasi, who mainly engaged in the online portal business.
Financial Information · 第 212 页
Our other income, net increased significantly from Rp71,156 million in 2024 to Rp419,648 million in 2025, primarily due to the gain on disposals of subsidiaries which engaged in the operation of online portal which engaged in the operation of online portal from Rp52,733 million for 2024 to Rp388,493 million for 2025.
Financial Information · 第 210 页
The disposal was part of our strategic initiative to streamline our business portfolio and focus on higher-growth digital entertainment segments.
partially offset by significant net exchange losses resulting from the appreciation of the Renminbi against the U.S. dollar, as our operations in Indonesia are primarily denominated in U.S. dollars.
Financial Information · 第 200 页
We recorded net other losses of RMB607.4 million in 2024 and RMB9.0 million in 2025, primarily due to gain on disposal of listed securities we hold and disposal of associates partially offset by an increase in exchange losses resulting from the appreciation of the Renminbi against the U.S. dollar, as our operations in Indonesia are primarily denominated in U.S. dollar.
可孚医疗科技股份有限公司Cofoe Medical Technology Co., Ltd.01187.HK
出售附属公司一次性收益及汇兑波动
Our other income and gains decreased by RMB21.7 million, or 17.3%, from RMB125.1 million in 2023 to RMB103.4 million in 2024, mainly due to (i) a decrease in gain on disposal of financial assets at fair value through profit or loss of RMB27.7 million as the maturity of purchased wealth management products led to the reclassification of fair value gains on financial assets at FVTPL, (ii) a decrease in gain on disposal of subsidiaries of RMB4.4 million, due to a one-off gain recognized in 2023 upon the disposal of a wholly-owned subsidiary of the Group, and (iii) a decrease in gain on termination of leases, net of RMB3.8 million following the early termination of leases for certain warehouses in 2023; partially offset by an increase in bank interest income of RMB8.1 million attributable to the increase in our bank deposit balance.
Financial Information · 第 206 页
Our other income and gains decreased by RMB13.4 million, or 13%, from RMB103.4 million for the year ended December 31, 2024 to RMB90.0 million for the year ended December 31, 2025, primarily due to (i) a decrease in bank interest income of RMB15.9 million, (ii) a decrease in gains on disposal of financial assets at fair value through profit or loss of RMB10.1 million and (iii) an increase in foreign exchange losses of RMB4.7 million recorded in 2025, which were partially offset by (i) an increase in government grants of RMB15.4 million, and (ii) an increase in gains on disposal of subsidiaries of RMB9.3 million.
In 2023 and 2024, we recorded gains from net foreign exchange differences of RMB8.1 million and RMB6.2 million, respectively. In 2025, we recorded losses from net foreign exchange differences of RMB25.0 million.
Financial Information · 第 189 页
We recorded other losses, net of RMB1.3 million in 2024 and RMB23.9 million in 2025, primarily due to the net foreign exchange losses incurred as a result of exchange rate fluctuations.
Our other income and gains increased by 323.4% from RMB158.8 million in 2024 to RMB672.5 million in 2025, primarily attributable to an increase of RMB405.7 million in total other income, which mainly resulted from an increase in government grants of RMB387.3 million due to project grants from local governments. Total other gains also increased by RMB108.0 million, mainly due to an increase in exchange gains, net of RMB85.7 million due to favorable currency fluctuations that positively impacted our foreign exchange position.
Financial Information · 第 242 页
This was partially offset by an RMB43.0 million increase in gains on debt restructuring, with debts that did not need to be repaid under the restructuring plan being cleared.
美克生能源科技股份有限公司Makesense Energy Technology Co., Limited
2025年出售子公司收益4,470万元推高其他收入
Our other income and gains primarily consist of government grants, bank interest income, and gain on disposal of subsidiary. Our other income and gains were RMB5.1 million, RMB12.2 million, and RMB49.8 million in 2023, 2024, and 2025, respectively.
Financial Information · 第 171 页
Our other income and gains increased significantly from RMB12.2 million in 2024 to RMB49.8 million in 2025, primarily due to an increase in gain on disposal of subsidiary of RMB44.7 million as we actively optimized our business portfolio and completed the strategic disposal of a subsidiary.
We recorded other gains of US$411 thousand in 2024 and other losses of US$3.4 million in 2025.
Financial Information · 第 197 页
Such losses in 2025 were mainly attributable to the depreciation of USD against RMB which affected the RMB intra-group transaction balance payable by our Hong Kong subsidiary to our entities in Chinese Mainland.
Financial Information · 第 197 页
Furthermore, such foreign exchange losses did not affect operating cash flow in the relevant year.
(ii) income from value-added tax super deduction, which was related to an additional 5% VAT input tax deduction for taxpayers of productive services from 1 January 2023 to 31 December 2023
Financial Information · 第 207 页
Our other income and gains decreased by 66.5% from RMB9.3 million in 2023 to RMB3.1 million in 2024, primarily due to the income from value-added tax super deduction of RMB5.4 million in 2023, which was related to an additional 5% VAT input tax deduction for taxpayers of productive services from January 1, 2023 to December 31, 2023.
Our net other gains increased by 54.0% from RMB441.8 million in 2024 to RMB680.4 million in 2025, primarily because we recorded net gains on disposal of investments in subsidiaries of RMB140.5 million.
Our net other gains increased by 50.6% from RMB293.3 million in 2023 to RMB441.8 million in 2024, primarily because we recorded gains on forward exchange contracts of RMB269.5 million in 2024, as compared to losses on forward exchange contracts of RMB21.0 million during the same period in 2023, as part of our strategy to manage foreign exchange risk.
We recorded other gains of RMB39.6 million in 2024 compared to other losses of RMB29.0 million in 2025.
Financial Information · 第 204 页
This was primarily due to a shift from net foreign exchange gains in 2024 to net foreign exchange losses in 2025, driven by fluctuations in foreign exchange rates of USD to RMB, resulting from the appreciation of RMB amid U.S. interest rate cuts in 2025 and our relatively high level of foreign currency-denominated assets.
Financial Information · 第 204 页
We currently do not have a foreign currency hedging policy.
Our other income was RMB180.3 million, RMB164.2 million and RMB121.3 million for the years ended December 31, 2023, 2024 and 2025, respectively.
Financial Information · 第 201 页
Our other income decreased from RMB180.4 million in 2023 to RMB164.2 million in 2024, primarily attributable to the reduced other tax refunds, mainly comprising VAT refunds for embedded software.
Financial Information · 第 208 页
Our other income decreased from RMB164.2 million in 2024 to RMB121.3 million in 2025, primarily due to (i) the decrease in interest rates on deposits and (ii) tax refunds on embedded software.