Minth 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	25,737	23,147	20,524	17,306	13,919
Revenue Growth (YoY)	11.19%	12.78%	18.59%	24.33%	11.65%
Cost of Revenue	18,530	16,449	14,902	12,534	9,835
Gross Profit	7,207	6,698	5,622	4,773	4,084
Selling, General & Admin	2,890	2,686	2,241	2,160	1,982
Research & Development	1,502	1,449	1,397	1,172	940.7
Operating Expenses	4,402	4,152	3,660	3,360	2,925
Operating Income	2,805	2,546	1,962	1,413	1,159
Interest Expense	-324.91	-521.02	-515.5	-263.19	-263.31
Interest & Investment Income	206.3	325.29	356.13	286.41	285
Earnings From Equity Investments	28.39	4.11	15.55	10.48	22.21
Currency Exchange Gain (Loss)	-63.31	31.36	7.82	34.11	-52.58
Other Non Operating Income (Expenses)	455.35	479.32	464.98	376.01	510.78
EBT Excluding Unusual Items	3,107	2,865	2,291	1,857	1,661
Gain (Loss) on Sale of Investments	203.54	-21.57	-	7.78	54.47
Gain (Loss) on Sale of Assets	-12.53	-24.51	16.46	-26.39	168.68
Asset Writedown	-29.17	-12.29	-4.6	-58.86	-3.32
Other Unusual Items	27.45	-	12.95	-	-34.84
Pretax Income	3,296	2,807	2,315	1,779	1,846
Income Tax Expense	525.79	431.18	351.48	248.71	266.36
Earnings From Continuing Operations	2,770	2,376	1,964	1,530	1,579
Minority Interest in Earnings	-77.99	-56.46	-60.76	-29.78	-82.94
Net Income	2,692	2,319	1,903	1,501	1,497
Net Income to Common	2,692	2,319	1,903	1,501	1,497
Net Income Growth	16.08%	21.86%	26.83%	0.27%	7.24%
Shares Outstanding (Basic)	1,147	1,149	1,150	1,151	1,152
Shares Outstanding (Diluted)	1,158	1,149	1,150	1,151	1,158
Shares Change (YoY)	0.86%	-0.15%	-0.05%	-0.60%	0.39%
EPS (Basic)	2.35	2.02	1.65	1.30	1.30
EPS (Diluted)	2.32	2.02	1.65	1.30	1.29
EPS Growth	15.09%	22.08%	26.87%	0.91%	6.78%
Free Cash Flow	-	1,368	147.56	-1,485	-1,820
Free Cash Flow Per Share	-	1.19	0.13	-1.29	-1.57
Dividend Per Share	0.687	0.409	-	0.511	0.513
Dividend Growth	67.96%	-	-	-0.38%	6.56%
Gross Margin	28.00%	28.94%	27.39%	27.58%	29.34%
Operating Margin	10.90%	11.00%	9.56%	8.16%	8.33%
Profit Margin	10.46%	10.02%	9.27%	8.67%	10.75%
Free Cash Flow Margin	-	5.91%	0.72%	-8.58%	-13.08%
EBITDA	4,259	4,000	3,264	2,452	2,007
EBITDA Margin	16.55%	17.28%	15.90%	14.17%	14.42%
D&A For EBITDA	1,454	1,454	1,303	1,039	847.92
EBIT	2,805	2,546	1,962	1,413	1,159
EBIT Margin	10.90%	11.00%	9.56%	8.16%	8.33%
Effective Tax Rate	15.95%	15.36%	15.18%	13.98%	14.43%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.