Mulsanne Group Holding Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,150	2,270	2,329	2,326	2,695	2,861
Revenue Growth (YoY)	-7.79%	-2.55%	0.12%	-13.69%	-5.81%	-23.11%
Cost of Revenue	1,017	1,071	1,117	1,188	1,367	1,637
Gross Profit	1,133	1,199	1,212	1,138	1,328	1,225
Selling, General & Admin	1,080	1,145	1,128	1,089	1,151	1,199
Other Operating Expenses	7.28	6.36	8.48	20.26	15.21	23.42
Operating Expenses	1,078	1,142	1,144	1,116	1,308	1,448
Operating Income	55.47	57.15	68.55	21.52	19.62	-223.42
Interest Expense	-39.48	-53.22	-67.79	-63.08	-59.41	-56.47
Interest & Investment Income	13.54	20.29	25.26	32	2.43	7.31
Earnings From Equity Investments	-	-	-	-	0.72	0.45
Currency Exchange Gain (Loss)	0.67	0.67	7.18	7.86	-	2.66
Other Non Operating Income (Expenses)	23.86	23.3	18.62	20.93	-70.37	-26.19
EBT Excluding Unusual Items	54.06	48.18	51.81	19.22	-107.02	-295.67
Gain (Loss) on Sale of Investments	-	-	-	-	0.67	-
Other Unusual Items	0.64	0.9	-	2.41	1.98	4.39
Pretax Income	54.7	49.08	51.81	21.63	-104.37	-291.27
Income Tax Expense	21.7	18.15	14.56	12.28	-13.03	7.92
Earnings From Continuing Operations	33.01	30.93	37.25	9.35	-91.34	-299.19
Minority Interest in Earnings	-	0.03	2.32	3.08	1.66	-2.16
Net Income	33.01	30.95	39.57	12.43	-89.68	-301.35
Net Income to Common	33.01	30.95	39.57	12.43	-89.68	-301.35
Net Income Growth	100.18%	-21.77%	218.34%	-	-	-
Shares Outstanding (Basic)	913	913	913	913	913	913
Shares Outstanding (Diluted)	913	913	913	917	913	913
Shares Change (YoY)	-	-	-0.44%	0.45%	-	4.95%
EPS (Basic)	0.04	0.03	0.04	0.01	-0.10	-0.33
EPS (Diluted)	0.04	0.03	0.04	0.01	-0.10	-0.33
EPS Growth	99.79%	-21.82%	218.83%	-	-	-
Free Cash Flow	54.79	41.31	217.8	130.62	28.05	114.24
Free Cash Flow Per Share	0.06	0.04	0.24	0.14	0.03	0.13
Gross Margin	52.70%	52.82%	52.05%	48.91%	49.27%	42.80%
Operating Margin	2.58%	2.52%	2.94%	0.92%	0.73%	-7.81%
Profit Margin	1.54%	1.36%	1.70%	0.53%	-3.33%	-10.53%
Free Cash Flow Margin	2.55%	1.82%	9.35%	5.62%	1.04%	3.99%
EBITDA	125.62	127.92	133.91	85.11	74.64	-150.98
EBITDA Margin	5.84%	5.64%	5.75%	3.66%	2.77%	-5.28%
D&A For EBITDA	70.15	70.77	65.36	63.59	55.02	72.44
EBIT	55.47	57.15	68.55	21.52	19.62	-223.42
EBIT Margin	2.58%	2.52%	2.94%	0.92%	0.73%	-7.81%
Effective Tax Rate	39.66%	36.99%	28.11%	56.77%	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.