China Tontine Wines Group 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	159.37	107.99	189.14	146.12	208.37
Revenue Growth (YoY)	47.58%	-42.91%	29.44%	-29.88%	93.15%
Cost of Revenue	131.31	122.52	160.99	92.93	116.8
Gross Profit	28.07	-14.53	28.15	53.19	91.57
Selling, General & Admin	26.28	20.27	72.08	69.8	54.97
Other Operating Expenses	-	-	-	17.31	24.17
Operating Expenses	27.57	196.16	86.37	87.11	81.48
Operating Income	0.5	-210.69	-58.22	-33.92	10.09
Interest Expense	-0.07	-0.02	-0.19	-0.14	-0.16
Interest & Investment Income	-	0.06	0.34	0.24	0.21
Currency Exchange Gain (Loss)	-	-	-0.47	0.3	-0.46
Other Non Operating Income (Expenses)	0.72	-92.12	0.05	-	-
EBT Excluding Unusual Items	1.15	-302.77	-58.49	-33.51	9.69
Gain (Loss) on Sale of Assets	2.33	71.93	-	3.72	0.02
Asset Writedown	-	-116.41	-12.32	2.24	4.3
Other Unusual Items	-	-	-	-	3.21
Pretax Income	3.48	-347.25	-70.81	-27.55	17.22
Income Tax Expense	1.82	0.18	-	-	-
Earnings From Continuing Operations	1.66	-347.44	-70.81	-27.55	17.22
Minority Interest in Earnings	-2.51	26.14	-9.39	1.15	-5.88
Net Income	-0.84	-321.3	-80.2	-26.4	11.34
Net Income to Common	-0.84	-321.3	-80.2	-26.4	11.34
Shares Outstanding (Basic)	301	302	302	293	207
Shares Outstanding (Diluted)	301	302	302	293	240
Shares Change (YoY)	-0.16%	-	2.78%	22.04%	19.43%
EPS (Basic)	-0.00	-1.07	-0.27	-0.09	0.05
EPS (Diluted)	-0.00	-1.07	-0.27	-0.09	0.05
Free Cash Flow	-	-94.79	18.3	-30.43	15.55
Free Cash Flow Per Share	-	-0.31	0.06	-0.10	0.07
Gross Margin	17.61%	-13.45%	14.88%	36.40%	43.94%
Operating Margin	0.31%	-195.11%	-30.78%	-23.22%	4.84%
Profit Margin	-0.53%	-297.54%	-42.40%	-18.07%	5.44%
Free Cash Flow Margin	-	-87.78%	9.68%	-20.83%	7.46%
EBITDA	1.88	-209.32	-41.3	-18.24	25.03
EBITDA Margin	1.18%	-193.84%	-21.83%	-12.48%	12.01%
D&A For EBITDA	1.37	1.37	16.92	15.68	14.94
EBIT	0.5	-210.69	-58.22	-33.92	10.09
EBIT Margin	0.31%	-195.11%	-30.78%	-23.22%	4.84%
Effective Tax Rate	52.28%	-	-	-	-

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