Times China 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	3,350	13,111	21,011	24,424	43,635
Revenue Growth (YoY)	-74.44%	-37.60%	-13.97%	-44.03%	13.11%
Cost of Revenue	16,424	20,340	20,849	22,541	31,969
Gross Profit	-13,074	-7,229	161.62	1,883	11,666
Selling, General & Admin	675.92	795.11	1,077	1,707	2,167
Other Operating Expenses	3,540	1,488	674.43	1,804	555
Operating Expenses	4,216	2,283	1,751	3,511	2,722
Operating Income	-17,290	-9,512	-1,589	-1,629	8,944
Interest Expense	-2,021	-2,154	-1,248	-840.2	-826.02
Interest & Investment Income	3.01	21.1	68.75	92.37	500.51
Earnings From Equity Investments	-913.7	-1,184	414.87	-616.64	346.03
Currency Exchange Gain (Loss)	-110.78	157.62	-39.08	88.73	-
Other Non Operating Income (Expenses)	185.36	166.44	256.5	290.04	368.22
EBT Excluding Unusual Items	-20,147	-12,505	-2,137	-2,614	9,333
Gain (Loss) on Sale of Investments	-420.41	-2,081	-2,059	-5,212	3.34
Gain (Loss) on Sale of Assets	-175.32	-1,244	42.68	-834.57	-1.02
Asset Writedown	-471.58	-1,341	120.72	-139.38	-201.69
Other Unusual Items	21,115	-	154.66	165.24	7.24
Pretax Income	-99.52	-17,171	-3,878	-8,635	9,141
Income Tax Expense	125.29	-299.76	466.92	911.42	4,387
Earnings From Continuing Operations	-224.81	-16,871	-4,345	-9,546	4,754
Minority Interest in Earnings	19.11	260.6	-162.09	-316.74	-1,494
Net Income	-205.7	-16,610	-4,507	-9,863	3,260
Net Income to Common	-205.7	-16,610	-4,507	-9,863	3,260
Net Income Growth	-	-	-	-	-34.02%
Shares Outstanding (Basic)	2,541	2,102	2,102	2,090	1,962
Shares Outstanding (Diluted)	2,541	2,102	2,102	2,090	1,962
Shares Change (YoY)	20.91%	-	0.59%	6.49%	1.05%
EPS (Basic)	-0.08	-7.90	-2.14	-4.72	1.66
EPS (Diluted)	-0.08	-7.90	-2.14	-4.72	1.66
EPS Growth	-	-	-	-	-34.70%
Free Cash Flow	-	1,336	4,245	-519.43	115
Free Cash Flow Per Share	-	0.64	2.02	-0.25	0.06
Gross Margin	-	-55.14%	0.77%	7.71%	26.74%
Operating Margin	-516.04%	-72.55%	-7.56%	-6.67%	20.50%
Profit Margin	-6.14%	-126.70%	-21.45%	-40.38%	7.47%
Free Cash Flow Margin	-	10.19%	20.20%	-2.13%	0.26%
EBITDA	-17,207	-9,429	-1,484	-1,509	9,073
EBITDA Margin	-	-71.92%	-7.06%	-6.18%	20.79%
D&A For EBITDA	82.63	82.63	105.71	119.16	129.45
EBIT	-17,290	-9,512	-1,589	-1,629	8,944
EBIT Margin	-	-72.55%	-7.56%	-6.67%	20.50%
Effective Tax Rate	-	-	-	-	47.99%

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