FRA:3FMA Income Statement

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

Millions CNY. 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
Revenue	742.89	755.67	682.59	670.09	645.59	901.57
Revenue Growth (YoY)	2.23%	10.71%	1.86%	3.79%	-28.39%	3.74%
Cost of Revenue	414.94	417.89	360.54	314.51	376.09	356.8
Gross Profit	327.95	337.79	322.05	355.59	269.5	544.78
Selling, General & Admin	310.21	341.83	370.86	376.85	611.65	741.25
Operating Expenses	310.21	341.83	370.86	376.85	611.65	741.25
Operating Income	17.74	-4.04	-48.81	-21.27	-342.15	-196.48
Interest Expense	-5.9	-8.72	-14.47	-21.64	-27.23	-29.19
Interest & Investment Income	0.4	0.4	0.08	0.16	0.11	1.19
Earnings From Equity Investments	-	-	-	-	0.08	-1.04
Other Non Operating Income (Expenses)	-1.73	-1.14	8.42	-24.92	6.07	3.06
EBT Excluding Unusual Items	10.52	-13.49	-54.79	-67.67	-363.12	-222.47
Impairment of Goodwill	-	-	-	-	-122.1	-18.81
Gain (Loss) on Sale of Investments	-	-	-	-	-4.41	-
Gain (Loss) on Sale of Assets	-5.86	-	-	-	-	-2.46
Asset Writedown	12.15	12.15	-0.15	-	-187.45	-14.16
Other Unusual Items	-	-	-0.12	-26.51	-4.24	-1.6
Pretax Income	16.81	-1.35	-55.06	-94.17	-681.31	-259.49
Income Tax Expense	29.21	23.73	-15.14	-18.07	-11.8	-12.59
Earnings From Continuing Operations	-12.39	-25.07	-39.92	-76.11	-669.52	-246.91
Minority Interest in Earnings	4.39	5.13	2.49	-0.14	82.9	11.43
Net Income	-8.01	-19.95	-37.43	-76.25	-586.62	-235.48
Net Income to Common	-8.01	-19.95	-37.43	-76.25	-586.62	-235.48
Shares Outstanding (Basic)	50	48	44	27	22	22
Shares Outstanding (Diluted)	50	48	44	27	22	22
Shares Change (YoY)	7.54%	9.00%	60.73%	24.18%	1.01%	11.07%
EPS (Basic)	-0.16	-0.42	-0.85	-2.79	-26.68	-10.82
EPS (Diluted)	-0.16	-0.42	-0.85	-2.79	-26.68	-10.83
Free Cash Flow	-	49.07	19.04	-76.72	17.85	-39.2
Free Cash Flow Per Share	-	1.03	0.43	-2.81	0.81	-1.80
Gross Margin	44.15%	44.70%	47.18%	53.06%	41.74%	60.42%
Operating Margin	2.39%	-0.53%	-7.15%	-3.17%	-53.00%	-21.79%
Profit Margin	-1.08%	-2.64%	-5.48%	-11.38%	-90.86%	-26.12%
Free Cash Flow Margin	-	6.49%	2.79%	-11.45%	2.77%	-4.35%
EBITDA	42.47	26.49	-6.69	40.22	-243.02	-90.07
EBITDA Margin	5.72%	3.50%	-0.98%	6.00%	-37.64%	-9.99%
D&A For EBITDA	24.73	30.53	42.12	61.49	99.14	106.41
EBIT	17.74	-4.04	-48.81	-21.27	-342.15	-196.48
EBIT Margin	2.39%	-0.53%	-7.15%	-3.17%	-53.00%	-21.79%
Effective Tax Rate	173.72%	-	-	-	-	-
Advertising Expenses	-	-	-	-	-	380.79

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