Zall Smart Commerce Group Ltd. (HKG:2098)

Zall Smart Commerce Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	185,004	162,359	125,290	110,906	104,552	72,769
Revenue Growth (YoY)	33.45%	29.59%	12.97%	6.08%	43.68%	-0.18%
Cost of Revenue	184,392	161,660	124,444	110,319	103,666	71,536
Gross Profit	612.48	698.97	846.64	587.43	885.76	1,234
Selling, General & Admin	729.79	698.23	711.48	730.5	871.92	790.51
Other Operating Expenses	-58.03	-84.92	-35.47	-104.06	-77.43	-76.97
Operating Expenses	606.67	608.94	679.09	650.34	823.93	768.63
Operating Income	5.81	90.03	167.55	-62.91	61.82	465.1
Interest Expense	-249.53	-325.02	-405.83	-634.4	-724.2	-933.1
Interest & Investment Income	289.52	286.8	324.35	353.37	223.28	248.04
Earnings From Equity Investments	22.78	20.56	8.46	0.68	28.05	27.99
Currency Exchange Gain (Loss)	2.67	8.07	4.9	24.26	-6.97	-25.08
Other Non Operating Income (Expenses)	-562.05	-537.05	-320.46	-302.35	-553.84	-723.15
EBT Excluding Unusual Items	-490.8	-456.61	-221.03	-621.36	-971.85	-940.21
Impairment of Goodwill	-	-	-	-267.08	-333.99	-199.44
Gain (Loss) on Sale of Investments	76.47	69.5	-65.28	32.72	-7.46	176.91
Gain (Loss) on Sale of Assets	16.36	16.36	41.31	-1,429	90.58	23.92
Asset Writedown	640.59	629.38	470.46	-934	-302.45	-547.36
Other Unusual Items	-16.14	-0.08	-8.49	-3.92	-83.64	-12.52
Pretax Income	226.49	258.55	216.97	-3,223	-1,609	-1,499
Income Tax Expense	103.91	165.19	151.29	-241.51	-158.69	-149.46
Earnings From Continuing Operations	122.57	93.36	65.68	-2,981	-1,450	-1,349
Minority Interest in Earnings	53.61	35.59	-14.76	-59.07	123.27	88.79
Net Income	176.19	128.95	50.92	-3,040	-1,327	-1,260
Net Income to Common	176.19	128.95	50.92	-3,040	-1,327	-1,260
Net Income Growth	124.82%	153.27%	-	-	-	-
Shares Outstanding (Basic)	12,400	12,400	12,394	12,190	11,778	11,766
Shares Outstanding (Diluted)	12,400	12,400	12,394	12,190	11,778	11,766
Shares Change (YoY)	0.03%	0.04%	1.68%	3.50%	0.10%	0.32%
EPS (Basic)	0.01	0.01	0.00	-0.25	-0.11	-0.11
EPS (Diluted)	0.01	0.01	0.00	-0.25	-0.11	-0.11
EPS Growth	124.75%	153.20%	-	-	-	-
Free Cash Flow	1,825	-320.59	1,965	805.96	647.26	-384.32
Free Cash Flow Per Share	0.15	-0.03	0.16	0.07	0.06	-0.03
Gross Margin	0.33%	0.43%	0.68%	0.53%	0.85%	1.70%
Operating Margin	0.00%	0.06%	0.13%	-0.06%	0.06%	0.64%
Profit Margin	0.10%	0.08%	0.04%	-2.74%	-1.27%	-1.73%
Free Cash Flow Margin	0.99%	-0.20%	1.57%	0.73%	0.62%	-0.53%
EBITDA	30.15	120.61	204.64	-3.58	103.59	537.56
EBITDA Margin	0.02%	0.07%	0.16%	-0.00%	0.10%	0.74%
D&A For EBITDA	24.34	30.58	37.08	59.33	41.77	72.46
EBIT	5.81	90.03	167.55	-62.91	61.82	465.1
EBIT Margin	0.00%	0.06%	0.13%	-0.06%	0.06%	0.64%
Effective Tax Rate	45.88%	63.89%	69.73%	-	-	-

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