Zhongsheng Group Holdings 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	164,403	168,124	179,290	179,857	175,103
Revenue Growth (YoY)	-2.21%	-6.23%	-0.32%	2.71%	18.04%
Cost of Revenue	155,566	157,452	165,526	163,825	156,634
Gross Profit	8,838	10,672	13,764	16,032	18,470
Selling, General & Admin	10,136	9,782	10,156	10,287	9,743
Other Operating Expenses	-2,671	-4,492	-4,282	-4,066	-3,677
Operating Expenses	7,465	5,290	5,874	6,221	6,066
Operating Income	1,373	5,382	7,891	9,811	12,403
Interest Expense	-1,528	-1,573	-1,507	-1,219	-1,120
Interest & Investment Income	489.84	331.23	460.61	241.87	185.52
Earnings From Equity Investments	-8.2	1.8	-1.32	0.57	6.42
EBT Excluding Unusual Items	326.8	4,142	6,843	8,835	11,475
Impairment of Goodwill	-1,261	-	-	-	-
Gain (Loss) on Sale of Investments	3.32	5.32	25.16	-10.11	20.62
Gain (Loss) on Sale of Assets	-1,167	-44.36	-94.91	126.12	7.66
Other Unusual Items	40.02	-	58.08	-	-
Pretax Income	-2,058	4,103	6,831	8,951	11,504
Income Tax Expense	-158.53	1,033	1,840	2,316	3,096
Earnings From Continuing Operations	-1,900	3,071	4,991	6,635	8,407
Minority Interest in Earnings	226.38	141.31	27.19	52.9	-78.38
Net Income	-1,673	3,212	5,018	6,688	8,329
Net Income to Common	-1,673	3,212	5,018	6,688	8,329
Net Income Growth	-	-35.99%	-24.97%	-19.70%	50.35%
Shares Outstanding (Basic)	2,367	2,377	2,397	2,412	2,341
Shares Outstanding (Diluted)	2,367	2,448	2,469	2,518	2,448
Shares Change (YoY)	-3.32%	-0.83%	-1.94%	2.85%	0.81%
EPS (Basic)	-0.71	1.35	2.09	2.77	3.56
EPS (Diluted)	-0.71	1.35	2.08	2.72	3.46
EPS Growth	-	-35.15%	-23.27%	-21.59%	46.81%
Free Cash Flow	6,518	1,339	3,562	5,625	6,365
Free Cash Flow Per Share	2.75	0.55	1.44	2.23	2.60
Dividend Per Share	-	0.634	0.723	0.964	0.684
Dividend Growth	-	-12.36%	-24.97%	40.89%	40.12%
Gross Margin	5.38%	6.35%	7.68%	8.91%	10.55%
Operating Margin	0.83%	3.20%	4.40%	5.46%	7.08%
Profit Margin	-1.02%	1.91%	2.80%	3.72%	4.76%
Free Cash Flow Margin	3.96%	0.80%	1.99%	3.13%	3.64%
EBITDA	3,224	7,313	9,257	11,916	14,143
EBITDA Margin	1.96%	4.35%	5.16%	6.63%	8.08%
D&A For EBITDA	1,851	1,931	1,366	2,105	1,739
EBIT	1,373	5,382	7,891	9,811	12,403
EBIT Margin	0.83%	3.20%	4.40%	5.46%	7.08%
Effective Tax Rate	-	25.16%	26.94%	25.87%	26.92%
Advertising Expenses	1,406	1,204	1,408	817.97	1,003

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