Kangqiao Service 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	931.55	960.85	934.02	792.92	783.57
Revenue Growth (YoY)	-3.05%	2.87%	17.79%	1.19%	36.13%
Cost of Revenue	733.3	744.61	713.32	601.85	579.72
Gross Profit	198.25	216.24	220.7	191.07	203.85
Selling, General & Admin	68.4	59.1	71.57	65.66	77.04
Other Operating Expenses	157.87	-5.25	-8.26	39.38	2.68
Operating Expenses	226.26	128.29	151.96	105.03	79.72
Operating Income	-28.01	87.95	68.73	86.04	124.13
Interest Expense	-1.38	-	-1.25	-1.08	-8.4
Interest & Investment Income	4.29	5.54	4.41	5.67	6.1
Earnings From Equity Investments	0.82	0.34	1.4	1.02	0.24
Currency Exchange Gain (Loss)	-	-1.44	-1.77	-9.6	-2.31
EBT Excluding Unusual Items	-24.28	92.39	71.52	82.05	119.77
Gain (Loss) on Sale of Investments	-	0.29	0.65	1	0.38
Gain (Loss) on Sale of Assets	-	-	-0.02	-0.04	0.01
Pretax Income	-24.28	92.68	72.15	83.01	120.16
Income Tax Expense	-4.94	23.92	19.58	17.3	31.6
Earnings From Continuing Operations	-19.35	68.77	52.57	65.71	88.56
Minority Interest in Earnings	-17.4	-20.35	-14.08	-11.58	-4.67
Net Income	-36.75	48.41	38.48	54.12	83.89
Net Income to Common	-36.75	48.41	38.48	54.12	83.89
Net Income Growth	-	25.80%	-28.89%	-35.48%	-5.09%
Shares Outstanding (Basic)	700	700	700	700	606
Shares Outstanding (Diluted)	700	700	700	700	606
Shares Change (YoY)	-	-	-	15.51%	15.43%
EPS (Basic)	-0.05	0.07	0.05	0.08	0.14
EPS (Diluted)	-0.05	0.07	0.05	0.08	0.14
EPS Growth	-	25.80%	-28.89%	-44.14%	-17.78%
Free Cash Flow	-	-208.15	-10.51	-145.52	60.49
Free Cash Flow Per Share	-	-0.30	-0.01	-0.21	0.10
Dividend Per Share	-	-	0.053	0.057	0.030
Dividend Growth	-	-	-7.02%	90.00%	-
Gross Margin	21.28%	22.50%	23.63%	24.10%	26.02%
Operating Margin	-3.01%	9.15%	7.36%	10.85%	15.84%
Profit Margin	-3.94%	5.04%	4.12%	6.83%	10.71%
Free Cash Flow Margin	-	-21.66%	-1.13%	-18.35%	7.72%
EBITDA	-19.35	96.62	77.3	94.15	129.15
EBITDA Margin	-2.08%	10.05%	8.28%	11.87%	16.48%
D&A For EBITDA	8.67	8.67	8.57	8.12	5.01
EBIT	-28.01	87.95	68.73	86.04	124.13
EBIT Margin	-3.01%	9.15%	7.36%	10.85%	15.84%
Effective Tax Rate	-	25.80%	27.14%	20.85%	26.30%

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