MIXUE Group 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
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
Revenue	29,027	24,829	20,302	13,576	10,351
Revenue Growth (YoY)	42.97%	22.30%	49.55%	31.15%	-
Cost of Revenue	19,663	16,769	14,303	9,729	7,107
Gross Profit	9,364	8,060	5,999	3,847	3,244
Selling, General & Admin	2,775	2,355	1,929	1,271	780.43
Research & Development	105.58	104.87	85	32.3	17.15
Operating Expenses	2,879	2,460	2,018	1,307	799.37
Operating Income	6,485	5,601	3,981	2,539	2,444
Interest Expense	-4.03	-6.37	-14.7	-9.19	-5.97
Interest & Investment Income	107.02	107.02	53.8	44.32	38.22
Earnings From Equity Investments	-1.15	-3.02	0.2	-0.18	-
Currency Exchange Gain (Loss)	5.62	5.62	31.96	-0.16	-0.99
Other Non Operating Income (Expenses)	145.13	67.42	113.32	58.42	73.11
EBT Excluding Unusual Items	6,738	5,771	4,166	2,633	2,549
Gain (Loss) on Sale of Investments	45.17	45.17	53.33	25.64	26
Gain (Loss) on Sale of Assets	-5.84	-5.84	0.2	-0.3	-1.16
Asset Writedown	-	-	-65.52	-	-14.83
Pretax Income	6,777	5,811	4,154	2,658	2,559
Income Tax Expense	1,492	1,356	967.4	644.95	646.93
Earnings From Continuing Operations	5,286	4,454	3,187	2,013	1,912
Minority Interest in Earnings	-40.59	-17.7	-49.26	-16.38	-1.58
Net Income	5,245	4,437	3,137	1,997	1,910
Net Income to Common	5,245	4,437	3,137	1,997	1,910
Net Income Growth	67.18%	41.41%	57.13%	4.52%	-
Shares Outstanding (Basic)	366	360	360	360	359
Shares Outstanding (Diluted)	366	360	360	360	359
Shares Change (YoY)	1.73%	-	-	0.25%	-
EPS (Basic)	14.32	12.32	8.71	5.55	5.32
EPS (Diluted)	14.32	12.32	8.71	5.55	5.32
EPS Growth	64.42%	41.45%	57.04%	4.26%	-
Free Cash Flow	-	4,570	2,109	1,433	747.87
Free Cash Flow Per Share	-	12.70	5.86	3.98	2.08
Dividend Per Share	-	-	0.280	0.290	0.290
Dividend Growth	-	-	-3.45%	-	-
Gross Margin	32.26%	32.46%	29.55%	28.34%	31.34%
Operating Margin	22.34%	22.56%	19.61%	18.71%	23.62%
Profit Margin	18.07%	17.87%	15.45%	14.71%	18.46%
Free Cash Flow Margin	-	18.41%	10.39%	10.56%	7.22%
EBITDA	6,877	5,915	4,142	2,645	2,502
EBITDA Margin	23.69%	23.82%	20.40%	19.48%	24.17%
D&A For EBITDA	392.08	314.89	160.5	105.31	57.24
EBIT	6,485	5,601	3,981	2,539	2,444
EBIT Margin	22.34%	22.56%	19.61%	18.71%	23.62%
Effective Tax Rate	22.01%	23.34%	23.29%	24.26%	25.28%

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