Financial Street Property 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	1,999	1,752	1,514	1,388	1,320
Revenue Growth (YoY)	14.14%	15.65%	9.10%	5.13%	11.85%
Cost of Revenue	1,715	1,499	1,259	1,140	1,058
Gross Profit	283.74	252.56	255.24	248.54	262.74
Selling, General & Admin	99.58	91.35	78.37	82.57	82.23
Other Operating Expenses	-2.01	-4.65	-5.29	49.16	-32.13
Operating Expenses	111.96	98.33	82.78	136.42	53.01
Operating Income	171.78	154.23	172.46	112.12	209.73
Interest Expense	-3.33	-3.88	-3.37	-3.6	-2.36
Interest & Investment Income	20.24	15.81	21.89	16.24	9.36
Earnings From Equity Investments	3.28	3.18	4.59	2.97	2.54
Currency Exchange Gain (Loss)	0.01	-0.35	-0.19	62.11	-17.94
EBT Excluding Unusual Items	191.98	168.98	195.37	189.85	201.32
Impairment of Goodwill	18.83	-9.25	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	0.11
Gain (Loss) on Sale of Assets	-0.09	17.58	-0.62	2.61	-0.06
Asset Writedown	-37.97	-1.84	-	-	-
Other Unusual Items	0.57	0.17	1.01	0.09	0.52
Pretax Income	173.33	175.64	195.76	192.55	201.89
Income Tax Expense	45.71	43.4	52.22	56.76	51.11
Earnings From Continuing Operations	127.62	132.24	143.54	135.79	150.78
Minority Interest in Earnings	-20.27	-16.18	-15.44	-14.68	-13.07
Net Income	107.35	116.07	128.1	121.11	137.72
Net Income to Common	107.35	116.07	128.1	121.11	137.72
Net Income Growth	-7.51%	-9.39%	5.77%	-12.06%	31.28%
Shares Outstanding (Basic)	374	374	374	374	374
Shares Outstanding (Diluted)	374	374	374	374	374
Shares Change (YoY)	-	-	-	-	16.80%
EPS (Basic)	0.29	0.31	0.34	0.32	0.37
EPS (Diluted)	0.29	0.31	0.34	0.32	0.37
EPS Growth	-7.51%	-9.39%	5.77%	-12.06%	12.39%
Free Cash Flow	150.61	160.81	133.17	196.25	99.98
Free Cash Flow Per Share	0.40	0.43	0.36	0.53	0.27
Dividend Per Share	0.145	0.157	0.173	0.163	0.222
Dividend Growth	-7.64%	-9.25%	6.13%	-26.58%	44.16%
Gross Margin	14.19%	14.42%	16.85%	17.90%	19.90%
Operating Margin	8.59%	8.80%	11.39%	8.08%	15.88%
Profit Margin	5.37%	6.63%	8.46%	8.72%	10.43%
Free Cash Flow Margin	7.53%	9.18%	8.79%	14.14%	7.57%
EBITDA	184.61	172.73	187.19	127.68	223.34
EBITDA Margin	9.23%	9.86%	12.36%	9.20%	16.91%
D&A For EBITDA	12.83	18.5	14.73	15.56	13.61
EBIT	171.78	154.23	172.46	112.12	209.73
EBIT Margin	8.59%	8.80%	11.39%	8.08%	15.88%
Effective Tax Rate	26.37%	24.71%	26.67%	29.48%	25.31%

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