Shanshan Brand Management 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	862.8	1,007	1,060	881.2	993.03
Revenue Growth (YoY)	-14.29%	-5.04%	20.30%	-11.26%	11.89%
Cost of Revenue	528.85	627.99	663.51	493.97	506.85
Gross Profit	333.95	378.63	396.54	387.23	486.18
Selling, General & Admin	320.27	323.76	348.64	363.9	447.74
Other Operating Expenses	-0.59	-0.43	-0.81	1.17	0.17
Operating Expenses	320.68	324.18	348.91	367.49	452.86
Operating Income	13.27	54.45	47.63	19.74	33.32
Interest Expense	-4.43	-5.63	-6.55	-7.8	-8.87
Interest & Investment Income	-	0.63	0.78	0.67	0.69
Earnings From Equity Investments	0.58	0.53	-2.72	-0.11	2.16
Currency Exchange Gain (Loss)	-	-0.05	-0.01	-5.25	6.01
Other Non Operating Income (Expenses)	3.76	-2.83	3.67	7.16	-11.85
EBT Excluding Unusual Items	13.18	47.09	42.8	14.42	21.46
Gain (Loss) on Sale of Investments	-	0.35	-0.02	0.04	-
Gain (Loss) on Sale of Assets	-	-0.06	-0.01	-1.71	-1.35
Asset Writedown	-1.37	-2.63	-1.74	-2.41	-2.03
Other Unusual Items	-	-0.27	-0.42	0.61	2.12
Pretax Income	11.81	44.49	40.6	10.95	20.21
Income Tax Expense	3.91	11.31	9	-5.05	2.23
Earnings From Continuing Operations	7.9	33.17	31.61	16.01	17.98
Earnings From Discontinued Operations	-	-	-	-	-5.6
Net Income to Company	7.9	33.17	31.61	16.01	12.37
Net Income	7.9	33.17	31.61	16.01	12.37
Net Income to Common	7.9	33.17	31.61	16.01	12.37
Net Income Growth	-76.20%	4.96%	97.46%	29.38%	-
Shares Outstanding (Basic)	133	133	133	133	133
Shares Outstanding (Diluted)	133	133	133	133	133
EPS (Basic)	0.06	0.25	0.24	0.12	0.09
EPS (Diluted)	0.06	0.25	0.24	0.12	0.09
EPS Growth	-76.20%	4.96%	97.46%	29.38%	-
Free Cash Flow	-	-7.27	117.91	64.7	25.63
Free Cash Flow Per Share	-	-0.05	0.88	0.48	0.19
Dividend Per Share	-	0.080	0.080	0.040	-
Dividend Growth	-	-	100.00%	-	-
Gross Margin	38.70%	37.61%	37.41%	43.94%	48.96%
Operating Margin	1.54%	5.41%	4.49%	2.24%	3.36%
Profit Margin	0.92%	3.30%	2.98%	1.82%	1.25%
Free Cash Flow Margin	-	-0.72%	11.12%	7.34%	2.58%
EBITDA	32.05	73.22	68.17	53.67	63.97
EBITDA Margin	3.71%	7.27%	6.43%	6.09%	6.44%
D&A For EBITDA	18.78	18.78	20.54	33.93	30.65
EBIT	13.27	54.45	47.63	19.74	33.32
EBIT Margin	1.54%	5.41%	4.49%	2.24%	3.36%
Effective Tax Rate	33.14%	25.43%	22.16%	-	11.03%
Advertising Expenses	9.83	7.36	7.44	7.82	13.93

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