Vanov Holdings Company 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	265.61	255.49	237.37	217.76	213.67
Revenue Growth (YoY)	3.96%	7.63%	9.01%	1.91%	16.91%
Cost of Revenue	142.2	129.74	110.88	100.94	100.05
Gross Profit	123.42	125.75	126.49	116.82	113.62
Selling, General & Admin	79.5	79.13	64.73	61.94	51.44
Operating Expenses	79.5	79.13	64.73	61.94	51.44
Operating Income	43.92	46.62	61.76	54.88	62.18
Interest Expense	-13.73	-14.61	-11.71	-10.54	-8.23
Interest & Investment Income	-	2.31	3.27	1	0.15
Currency Exchange Gain (Loss)	-	0.07	1.54	8.8	-
Other Non Operating Income (Expenses)	11.08	17.9	8.66	10.3	5
EBT Excluding Unusual Items	41.27	52.3	63.52	64.44	59.1
Gain (Loss) on Sale of Investments	0.15	0.15	-0.15	-0	-
Gain (Loss) on Sale of Assets	-	0.08	0.03	-	-
Legal Settlements	-	-	-	-	0.36
Pretax Income	41.41	52.53	63.4	64.44	59.46
Income Tax Expense	7.51	5.83	9.71	11.44	8.77
Earnings From Continuing Operations	33.91	46.7	53.68	53	50.69
Minority Interest in Earnings	-0.39	-0.51	-0.56	-0.56	-0.55
Net Income	33.52	46.19	53.12	52.44	50.14
Net Income to Common	33.52	46.19	53.12	52.44	50.14
Net Income Growth	-27.43%	-13.05%	1.31%	4.59%	23.74%
Shares Outstanding (Basic)	457	468	483	480	366
Shares Outstanding (Diluted)	457	468	483	480	366
Shares Change (YoY)	-2.48%	-3.14%	0.79%	31.12%	-
EPS (Basic)	0.07	0.10	0.11	0.11	0.14
EPS (Diluted)	0.07	0.10	0.11	0.11	0.14
EPS Growth	-25.59%	-10.23%	0.51%	-20.23%	23.74%
Free Cash Flow	-	54.88	-74.52	-26.41	20.94
Free Cash Flow Per Share	-	0.12	-0.15	-0.06	0.06
Dividend Per Share	0.018	0.028	0.036	0.035	-
Dividend Growth	-36.25%	-22.36%	2.61%	-	-
Gross Margin	46.47%	49.22%	53.29%	53.65%	53.18%
Operating Margin	16.54%	18.25%	26.02%	25.20%	29.10%
Profit Margin	12.62%	18.08%	22.38%	24.08%	23.46%
Free Cash Flow Margin	-	21.48%	-31.39%	-12.13%	9.80%
EBITDA	64.03	66.73	72.41	64.98	72.07
EBITDA Margin	24.11%	26.12%	30.51%	29.84%	33.73%
D&A For EBITDA	20.11	20.11	10.65	10.1	9.89
EBIT	43.92	46.62	61.76	54.88	62.18
EBIT Margin	16.54%	18.25%	26.02%	25.20%	29.10%
Effective Tax Rate	18.13%	11.09%	15.32%	17.76%	14.75%

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