V.S. International Group Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Revenue	392.46	168.81	56.04	76.44	121.4	256.2
Revenue Growth (YoY)	488.65%	201.22%	-26.68%	-37.03%	-52.61%	-46.88%
Cost of Revenue	334.39	144.48	49.23	64.93	111.23	201.89
Gross Profit	58.07	24.34	6.81	11.51	10.17	54.31
Selling, General & Admin	45.47	50.93	63.64	30.45	37.9	50.98
Other Operating Expenses	-3.49	-4.05	-5.02	-4.52	-9.58	-0.21
Operating Expenses	42.5	47.4	58.63	25.96	28.34	50.76
Operating Income	15.56	-23.06	-51.82	-14.45	-18.17	3.54
Interest Expense	-5.92	-3.66	-1.69	-1.76	-2.11	-6.08
Interest & Investment Income	0.73	1.19	1.48	0.92	1.06	0.52
Earnings From Equity Investments	0.66	2.89	4.09	2.4	2.13	4.45
Currency Exchange Gain (Loss)	0.89	0.57	0.99	0.16	1.41	-1.99
Other Non Operating Income (Expenses)	-0.2	-0.05	-0.14	-0.07	-0.11	-0.14
EBT Excluding Unusual Items	11.73	-22.13	-47.09	-12.8	-15.79	0.3
Gain (Loss) on Sale of Investments	-1.1	8.08	11.9	-	-	0.92
Gain (Loss) on Sale of Assets	0.28	0.22	0.46	2	-4.81	2.77
Asset Writedown	-23.75	-23.75	-21.08	-11.5	-27.71	-9.17
Other Unusual Items	33.51	33.51	47.48	-	-	-
Pretax Income	20.67	-4.08	-8.33	-22.29	-48.31	-5.19
Income Tax Expense	6.83	3.01	0.47	0.03	-0.06	0.42
Earnings From Continuing Operations	13.84	-7.08	-8.8	-22.32	-48.25	-5.61
Minority Interest in Earnings	-10.24	-4.27	-0.7	-	-	-
Net Income	3.6	-11.36	-9.5	-22.32	-48.25	-5.61
Net Income to Common	3.6	-11.36	-9.5	-22.32	-48.25	-5.61
Shares Outstanding (Basic)	2,475	2,373	2,316	2,308	2,308	2,308
Shares Outstanding (Diluted)	2,475	2,373	2,316	2,308	2,308	2,308
Shares Change (YoY)	7.07%	2.48%	0.37%	-	-	-
EPS (Basic)	0.00	-0.00	-0.00	-0.01	-0.02	-0.00
EPS (Diluted)	0.00	-0.00	-0.00	-0.01	-0.02	-0.00
Free Cash Flow	35.58	-9.78	-	13.57	37.2	7.56
Free Cash Flow Per Share	0.01	-0.00	-	0.01	0.02	0.00
Gross Margin	14.80%	14.42%	12.15%	15.06%	8.38%	21.20%
Operating Margin	3.97%	-13.66%	-92.46%	-18.90%	-14.96%	1.38%
Profit Margin	0.92%	-6.73%	-16.96%	-29.20%	-39.74%	-2.19%
Free Cash Flow Margin	9.07%	-5.79%	-	17.75%	30.64%	2.95%
EBITDA	37.07	-5.6	-39.01	-1.64	3.93	24.79
EBITDA Margin	9.45%	-3.32%	-69.60%	-2.14%	3.24%	9.68%
D&A For EBITDA	21.51	17.46	12.81	12.81	22.1	21.25
EBIT	15.56	-23.06	-51.82	-14.45	-18.17	3.54
EBIT Margin	3.97%	-13.66%	-92.46%	-18.90%	-14.96%	1.38%
Effective Tax Rate	33.02%	-	-	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.