Busy Ming Group 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	66,170	39,344	10,295	4,286
Revenue Growth (YoY)	68.19%	282.15%	140.22%	-
Cost of Revenue	59,665	36,344	9,523	3,966
Gross Profit	6,506	2,999	772.34	319.35
Selling, General & Admin	3,323	1,830	430.48	214.09
Other Operating Expenses	-	37.01	12.43	5.03
Operating Expenses	3,323	1,867	442.75	219.21
Operating Income	3,182	1,132	329.59	100.14
Interest Expense	-14.19	-7.01	-2.9	-2.16
Interest & Investment Income	12.6	18.59	8.61	3.02
Earnings From Equity Investments	18.07	4.29	-7.73	-
Currency Exchange Gain (Loss)	-0.18	0.14	0.5	-2.06
Other Non Operating Income (Expenses)	48.34	34.66	-3.47	0.86
EBT Excluding Unusual Items	3,247	1,182	324.61	99.8
Gain (Loss) on Sale of Assets	-13.42	-	-	-
Legal Settlements	20.4	-30.2	-	-
Pretax Income	3,254	1,152	324.61	99.8
Income Tax Expense	924.93	323.08	107.07	28.15
Earnings From Continuing Operations	2,329	829.16	217.53	71.65
Minority Interest in Earnings	-	4.55	-0.11	-
Net Income	2,329	833.7	217.43	71.65
Net Income to Common	2,329	833.7	217.43	71.65
Net Income Growth	179.37%	283.44%	203.45%	-
Shares Outstanding (Basic)	198	129	49	37
Shares Outstanding (Diluted)	198	129	49	37
Shares Change (YoY)	53.36%	163.87%	33.17%	-
EPS (Basic)	11.79	6.47	4.45	1.95
EPS (Diluted)	11.78	6.46	4.45	1.95
EPS Growth	82.35%	45.17%	128.20%	-
Free Cash Flow	-	-371.11	556.57	67.89
Free Cash Flow Per Share	-	-2.88	11.39	1.85
Gross Margin	9.83%	7.62%	7.50%	7.45%
Operating Margin	4.81%	2.88%	3.20%	2.34%
Profit Margin	3.52%	2.12%	2.11%	1.67%
Free Cash Flow Margin	-	-0.94%	5.41%	1.58%
EBITDA	3,236	1,167	340.25	105.55
EBITDA Margin	4.89%	2.97%	3.31%	2.46%
D&A For EBITDA	53.36	35.18	10.67	5.41
EBIT	3,182	1,132	329.59	100.14
EBIT Margin	4.81%	2.88%	3.20%	2.34%
Effective Tax Rate	28.42%	28.04%	32.98%	28.21%

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