MIXUE 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	33,560	24,829	20,302	13,576	10,351
Revenue Growth (YoY)	35.16%	22.30%	49.55%	31.15%	-
Cost of Revenue	23,108	16,769	14,303	9,729	7,107
Gross Profit	10,452	8,060	5,999	3,847	3,244
Selling, General & Admin	3,118	2,355	1,929	1,271	780.43
Research & Development	101.35	104.87	85	32.3	17.15
Operating Expenses	3,230	2,460	2,018	1,307	799.37
Operating Income	7,221	5,601	3,981	2,539	2,444
Interest Expense	-4.93	-6.37	-14.7	-9.19	-5.97
Interest & Investment Income	219.14	107.02	53.8	44.32	38.22
Earnings From Equity Investments	0.05	-3.02	0.2	-0.18	-
Currency Exchange Gain (Loss)	-79.54	5.62	31.96	-0.16	-0.99
Other Non Operating Income (Expenses)	98.91	67.42	113.32	58.42	73.11
EBT Excluding Unusual Items	7,455	5,771	4,166	2,633	2,549
Gain (Loss) on Sale of Investments	110.87	45.17	53.33	25.64	26
Gain (Loss) on Sale of Assets	-1.75	-5.84	0.2	-0.3	-1.16
Asset Writedown	-14.07	-	-65.52	-	-14.83
Pretax Income	7,550	5,811	4,154	2,658	2,559
Income Tax Expense	1,623	1,356	967.4	644.95	646.93
Earnings From Continuing Operations	5,927	4,454	3,187	2,013	1,912
Minority Interest in Earnings	-40.37	-17.7	-49.26	-16.38	-1.58
Net Income	5,887	4,437	3,137	1,997	1,910
Net Income to Common	5,887	4,437	3,137	1,997	1,910
Net Income Growth	32.69%	41.41%	57.13%	4.52%	-
Shares Outstanding (Basic)	376	360	360	360	359
Shares Outstanding (Diluted)	376	360	360	360	359
Shares Change (YoY)	4.47%	-	-	0.25%	-
EPS (Basic)	15.65	12.32	8.71	5.55	5.32
EPS (Diluted)	15.65	12.32	8.71	5.55	5.32
EPS Growth	27.05%	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	31.14%	32.46%	29.55%	28.34%	31.34%
Operating Margin	21.52%	22.56%	19.61%	18.71%	23.62%
Profit Margin	17.54%	17.87%	15.45%	14.71%	18.46%
Free Cash Flow Margin	-	18.41%	10.39%	10.56%	7.22%
EBITDA	7,536	5,915	4,142	2,645	2,502
EBITDA Margin	22.46%	23.82%	20.40%	19.48%	24.17%
D&A For EBITDA	314.89	314.89	160.5	105.31	57.24
EBIT	7,221	5,601	3,981	2,539	2,444
EBIT Margin	21.52%	22.56%	19.61%	18.71%	23.62%
Effective Tax Rate	21.50%	23.34%	23.29%	24.26%	25.28%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.