Zibuyu 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	4,660	3,325	3,000	3,066	2,347
Revenue Growth (YoY)	40.15%	10.83%	-2.15%	30.67%	-
Cost of Revenue	1,173	853.79	1,045	718.58	581.01
Gross Profit	3,487	2,471	1,955	2,348	1,766
Selling, General & Admin	3,217	2,336	2,210	2,228	1,501
Other Operating Expenses	-6.51	-1.93	-1.88	-12.1	-15.48
Operating Expenses	3,214	2,337	2,209	2,220	1,486
Operating Income	273.67	134.77	-253.74	127.63	279.9
Interest Expense	-6.15	-7.5	-9.38	-14.15	-8.46
Interest & Investment Income	8.41	11.54	5.28	1.08	-
Currency Exchange Gain (Loss)	-1.15	15.57	11.15	11.99	-9.9
Other Non Operating Income (Expenses)	-	-0.02	-0.07	-0.2	-0.09
EBT Excluding Unusual Items	274.78	154.37	-246.78	126.35	261.46
Gain (Loss) on Sale of Investments	-	-	-	-	0.03
Gain (Loss) on Sale of Assets	0.09	0.3	-0.44	-0.05	-0.05
Other Unusual Items	-	-	-	0.89	-23.81
Pretax Income	274.87	154.67	-247.21	127.19	237.63
Income Tax Expense	5.65	3.9	18.58	16.5	37.12
Net Income	269.22	150.78	-265.79	110.69	200.51
Net Income to Common	269.22	150.78	-265.79	110.69	200.51
Net Income Growth	78.55%	-	-	-44.79%	-
Shares Outstanding (Basic)	486	493	500	464	458
Shares Outstanding (Diluted)	486	493	500	464	458
Shares Change (YoY)	-1.27%	-1.42%	7.77%	1.26%	-
EPS (Basic)	0.55	0.31	-0.53	0.24	0.44
EPS (Diluted)	0.55	0.31	-0.53	0.24	0.44
EPS Growth	80.86%	-	-	-45.48%	-
Free Cash Flow	144.83	258	71.76	82.84	-213.7
Free Cash Flow Per Share	0.30	0.52	0.14	0.18	-0.47
Dividend Per Share	0.207	0.113	-	0.044	-
Dividend Growth	83.29%	-	-	-	-
Gross Margin	74.83%	74.32%	65.17%	76.57%	75.24%
Operating Margin	5.87%	4.05%	-8.46%	4.16%	11.93%
Profit Margin	5.78%	4.53%	-8.86%	3.61%	8.54%
Free Cash Flow Margin	3.11%	7.76%	2.39%	2.70%	-9.11%
EBITDA	278.01	139.78	-247.6	132.26	283.47
EBITDA Margin	5.96%	4.20%	-8.25%	4.31%	12.08%
D&A For EBITDA	4.34	5	6.14	4.63	3.57
EBIT	273.67	134.77	-253.74	127.63	279.9
EBIT Margin	5.87%	4.05%	-8.46%	4.16%	11.93%
Effective Tax Rate	2.06%	2.52%	-	12.97%	15.62%

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