Yadea 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	37,008	28,236	34,763	31,059	26,968
Revenue Growth (YoY)	31.07%	-18.77%	11.92%	15.17%	39.29%
Cost of Revenue	29,937	23,947	28,878	25,445	22,866
Gross Profit	7,071	4,289	5,885	5,614	4,101
Selling, General & Admin	2,738	2,120	2,541	2,254	2,101
Research & Development	1,404	1,147	1,192	1,106	843.69
Other Operating Expenses	-387.76	-354.06	-531.54	-191.18	-95.67
Operating Expenses	3,755	2,913	3,201	3,169	2,849
Operating Income	3,316	1,376	2,684	2,445	1,253
Interest Expense	-46.16	-35.96	-44.24	-59.4	-15.28
Interest & Investment Income	180.73	248.65	305.68	179.56	81.15
Earnings From Equity Investments	1.77	-45.94	-67.89	-32.93	-15.03
Currency Exchange Gain (Loss)	-21.81	-37.87	27.53	20.71	-7.63
EBT Excluding Unusual Items	3,431	1,505	2,905	2,553	1,296
Gain (Loss) on Sale of Investments	179.53	91.11	128.74	77.99	232.65
Gain (Loss) on Sale of Assets	-16.17	-13.04	-13.72	-15.7	-21.52
Pretax Income	3,594	1,583	3,020	2,615	1,507
Income Tax Expense	682.75	311.02	379.79	432.27	140.34
Earnings From Continuing Operations	2,912	1,272	2,640	2,183	1,367
Minority Interest in Earnings	-0.02	-	-	-21.91	2.85
Net Income	2,912	1,272	2,640	2,161	1,369
Net Income to Common	2,912	1,272	2,640	2,161	1,369
Net Income Growth	128.83%	-51.81%	22.17%	57.80%	43.05%
Shares Outstanding (Basic)	3,039	3,018	2,985	2,921	2,862
Shares Outstanding (Diluted)	3,049	3,019	3,000	2,963	2,916
Shares Change (YoY)	0.98%	0.63%	1.28%	1.61%	-0.12%
EPS (Basic)	0.96	0.42	0.88	0.74	0.48
EPS (Diluted)	0.95	0.42	0.88	0.73	0.47
EPS Growth	126.84%	-52.16%	20.71%	55.11%	43.29%
Free Cash Flow	5,235	-1,198	2,411	2,431	2,738
Free Cash Flow Per Share	1.72	-0.40	0.80	0.82	0.94
Dividend Per Share	0.476	0.207	0.436	0.354	0.228
Dividend Growth	130.38%	-52.55%	23.14%	55.11%	42.58%
Gross Margin	19.11%	15.19%	16.93%	18.07%	15.21%
Operating Margin	8.96%	4.88%	7.72%	7.87%	4.64%
Profit Margin	7.87%	4.51%	7.60%	6.96%	5.08%
Free Cash Flow Margin	14.14%	-4.24%	6.93%	7.83%	10.15%
EBITDA	3,716	1,729	2,991	2,718	1,430
EBITDA Margin	10.04%	6.12%	8.60%	8.75%	5.30%
D&A For EBITDA	399.57	352.3	306.65	272.71	177.83
EBIT	3,316	1,376	2,684	2,445	1,253
EBIT Margin	8.96%	4.88%	7.72%	7.87%	4.64%
Effective Tax Rate	19.00%	19.64%	12.58%	16.53%	9.31%
Advertising Expenses	452.45	353.23	372.59	403.07	364.72

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