Asiaray Media 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	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	916.13	1,069	1,609	1,653	1,895
Revenue Growth (YoY)	-14.32%	-33.54%	-2.69%	-12.76%	44.53%
Cost of Revenue	606.33	762.52	1,257	1,384	1,537
Gross Profit	309.81	306.71	351.86	269.16	358.08
Selling, General & Admin	209.38	306.76	315.6	325.14	332.99
Other Operating Expenses	34.96	28.01	-28.23	-6.51	-34.83
Operating Expenses	244.35	334.77	287.37	318.63	308.94
Operating Income	65.46	-28.06	64.49	-49.47	49.14
Interest Expense	-45.92	-74.67	-131.51	-208.43	-246.71
Interest & Investment Income	1.53	3.46	4.47	2.57	2.66
Earnings From Equity Investments	0.16	-4.37	-10.29	17.96	-1.14
Currency Exchange Gain (Loss)	-0.56	-0.03	0.67	-3.26	-4.78
EBT Excluding Unusual Items	20.67	-103.67	-72.19	-240.62	-200.83
Gain (Loss) on Sale of Investments	-1.75	-0.18	1.28	0.77	-
Gain (Loss) on Sale of Assets	-0.03	3.01	0.01	0.1	49.58
Asset Writedown	-10.11	-10.29	-4.93	-2.8	14.31
Other Unusual Items	28.42	198.38	66.26	158.89	-3.92
Pretax Income	37.2	87.25	-9.56	-83.68	-140.87
Income Tax Expense	16.17	76.83	0.39	6.07	-19.73
Earnings From Continuing Operations	21.03	10.42	-9.95	-89.75	-121.13
Minority Interest in Earnings	-7.73	-62.24	-9.75	-22.91	-22.54
Net Income	13.3	-51.82	-19.7	-112.66	-143.67
Preferred Dividends & Other Adjustments	11.6	11.58	11.32	10.48	6.34
Net Income to Common	1.7	-63.41	-31.02	-123.14	-150.01
Shares Outstanding (Basic)	477	476	474	469	469
Shares Outstanding (Diluted)	477	476	474	469	469
Shares Change (YoY)	0.17%	0.50%	1.13%	-0.05%	-0.04%
EPS (Basic)	0.00	-0.13	-0.07	-0.26	-0.32
EPS (Diluted)	0.00	-0.13	-0.07	-0.26	-0.32
Free Cash Flow	-	559.6	658.46	750.07	802.61
Free Cash Flow Per Share	-	1.18	1.39	1.60	1.71
Gross Margin	33.82%	28.68%	21.87%	16.28%	18.90%
Operating Margin	7.14%	-2.62%	4.01%	-2.99%	2.59%
Profit Margin	0.19%	-5.93%	-1.93%	-7.45%	-7.92%
Free Cash Flow Margin	-	52.34%	40.93%	45.37%	42.35%
EBITDA	92.57	-0.95	106.25	-5.52	78.67
EBITDA Margin	10.10%	-0.09%	6.60%	-0.33%	4.15%
D&A For EBITDA	27.11	27.11	41.77	43.95	29.53
EBIT	65.46	-28.06	64.49	-49.47	49.14
EBIT Margin	7.14%	-2.62%	4.01%	-2.99%	2.59%
Effective Tax Rate	43.47%	88.06%	-	-	-

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