FRA:ZGC 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	Sep '25 Sep 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
Operating Revenue	39,341	36,435	35,231	30,699	28,199	25,807
Other Revenue	589.13	589.13	1,165	1,322	1,076	701.25
Revenue	39,930	37,025	36,396	32,021	29,275	26,509
Revenue Growth (YoY)	7.94%	1.73%	13.66%	9.38%	10.43%	3.06%
Cost of Revenue	30,666	28,193	28,688	25,469	22,938	20,082
Gross Profit	9,264	8,831	7,707	6,552	6,337	6,427
Selling, General & Admin	2,456	2,336	2,101	1,889	2,094	2,145
Research & Development	1,539	1,520	1,561	1,378	1,433	1,204
Other Operating Expenses	-38.85	-155.44	-109.72	67.79	69.08	113.53
Operating Expenses	4,227	3,878	3,491	3,385	3,624	3,453
Operating Income	5,036	4,954	4,217	3,167	2,713	2,974
Interest Expense	-225.34	-262.68	-384.62	-292.86	-261.78	-300.16
Interest & Investment Income	128.46	263.69	280.27	371.45	378.76	165.99
Currency Exchange Gain (Loss)	36.48	36.48	84.07	38.81	-32.83	-131.69
Other Non Operating Income (Expenses)	-17.74	7.34	-24.68	-94.64	0.26	-24.48
EBT Excluding Unusual Items	4,958	4,998	4,172	3,189	2,798	2,684
Merger & Restructuring Charges	-	-	-	-	-210.84	-650.44
Impairment of Goodwill	-	-	-43.62	-276.65	-78.94	-164.71
Gain (Loss) on Sale of Investments	341.98	54.38	-56.46	38.96	-10.02	28.03
Gain (Loss) on Sale of Assets	16.16	16.49	11.11	14.12	12.37	-10.92
Asset Writedown	31.95	-75.73	-1	-101.14	-85.68	-123.75
Other Unusual Items	206.65	206.65	3.82	225.42	198.63	178.05
Pretax Income	5,555	5,200	4,086	3,090	2,623	1,940
Income Tax Expense	946.16	980.57	616.67	462.07	553.45	561.11
Earnings From Continuing Operations	4,609	4,220	3,469	2,628	2,070	1,379
Minority Interest in Earnings	-88.56	-285.75	-195.11	-89.77	-122.08	-139.63
Net Income	4,520	3,934	3,274	2,538	1,948	1,239
Preferred Dividends & Other Adjustments	-	-	-	-	18.4	-
Net Income to Common	4,520	3,934	3,274	2,538	1,929	1,239
Net Income Growth	16.94%	20.16%	28.99%	30.31%	57.19%	19.12%
Shares Outstanding (Basic)	1,763	1,778	1,763	1,746	1,733	1,732
Shares Outstanding (Diluted)	1,763	1,778	1,763	1,756	1,733	1,736
Shares Change (YoY)	-0.76%	0.85%	0.43%	1.35%	-0.17%	0.16%
EPS (Basic)	2.56	2.21	1.86	1.45	1.11	0.72
EPS (Diluted)	2.56	2.21	1.85	1.45	1.11	0.71
EPS Growth	18.30%	19.69%	27.80%	29.85%	55.97%	19.00%
Free Cash Flow	614.78	1,970	1,975	1,142	2,079	1,477
Free Cash Flow Per Share	0.35	1.11	1.12	0.65	1.20	0.85
Dividend Per Share	1.120	1.120	0.840	0.560	0.435	0.210
Dividend Growth	33.33%	33.33%	50.00%	28.74%	107.24%	13.46%
Gross Margin	23.20%	23.85%	21.18%	20.46%	21.65%	24.24%
Operating Margin	12.61%	13.38%	11.59%	9.89%	9.27%	11.22%
Profit Margin	11.32%	10.63%	9.00%	7.93%	6.59%	4.67%
Free Cash Flow Margin	1.54%	5.32%	5.43%	3.56%	7.10%	5.57%
EBITDA	6,056	5,932	5,140	3,950	3,639	3,921
EBITDA Margin	15.17%	16.02%	14.12%	12.34%	12.43%	14.79%
D&A For EBITDA	1,019	978.11	923.05	783.66	925.61	946.71
EBIT	5,036	4,954	4,217	3,167	2,713	2,974
EBIT Margin	12.61%	13.38%	11.59%	9.89%	9.27%	11.22%
Effective Tax Rate	17.03%	18.86%	15.09%	14.95%	21.10%	28.93%
Revenue as Reported	39,963	37,052	36,423	32,043	29,294	26,519
Advertising Expenses	-	12.17	12.4	4.17	21.51	12.36

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