XXF Group Holdings Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,166	1,010	879.03	936.7	515.06
Revenue Growth (YoY)	15.39%	14.91%	-6.16%	81.86%	-
Cost of Revenue	1,041	897.92	767.08	819.32	452.48
Gross Profit	422.72	406.43	374.45	351.94	297.28
Selling, General & Admin	217	219.37	196.24	181.36	170.34
Research & Development	0.45	0.41	0.72	2.11	0.42
Other Operating Expenses	-13.18	-16.58	-17	-3.2	9.72
Operating Expenses	207.5	207.73	184.85	184.14	182.58
Operating Income	215.22	198.7	189.6	167.81	114.7
Interest Expense	-160.39	-163.14	-143.99	-119.83	-111.02
Interest & Investment Income	1.58	1.64	0.97	1.33	1.85
EBT Excluding Unusual Items	56.42	37.21	46.58	49.3	5.53
Gain (Loss) on Sale of Investments	-	96.39	47.25	-4.15	-6.93
Gain (Loss) on Sale of Assets	-3.05	-3.75	-2.06	-2.82	-0.93
Other Unusual Items	-	-	-	0.68	23.3
Pretax Income	53.37	129.85	91.77	43.01	20.97
Income Tax Expense	13.64	20.02	14.69	12.32	10.72
Earnings From Continuing Operations	39.73	109.83	77.08	30.69	10.25
Minority Interest in Earnings	0.24	0.42	1.83	3.43	2.09
Net Income	39.97	110.25	78.91	34.11	12.34
Net Income to Common	39.97	110.25	78.91	34.11	12.34
Net Income Growth	-63.75%	39.72%	131.34%	176.41%	-
Shares Outstanding (Basic)	1,547	1,094	1,017	959	959
Shares Outstanding (Diluted)	1,623	1,288	1,238	1,157	959
Shares Change (YoY)	25.96%	4.11%	6.95%	20.62%	-
EPS (Basic)	0.03	0.10	0.08	0.04	0.01
EPS (Diluted)	0.02	0.01	0.03	0.03	0.01
EPS Growth	128.66%	-57.95%	-22.64%	157.06%	-
Free Cash Flow	-320.79	-149.01	-211.91	-123.03	62.97
Free Cash Flow Per Share	-0.20	-0.12	-0.17	-0.11	0.07
Gross Margin	36.27%	40.23%	42.60%	37.57%	57.72%
Operating Margin	18.46%	19.67%	21.57%	17.91%	22.27%
Profit Margin	3.43%	10.91%	8.98%	3.64%	2.40%
Free Cash Flow Margin	-27.52%	-14.75%	-24.11%	-13.13%	12.23%
EBITDA	340.38	306.5	280.93	263.27	192.58
EBITDA Margin	29.20%	30.34%	31.96%	28.11%	37.39%
D&A For EBITDA	125.15	107.81	91.33	95.46	77.88
EBIT	215.22	198.7	189.6	167.81	114.7
EBIT Margin	18.46%	19.67%	21.57%	17.91%	22.27%
Effective Tax Rate	25.56%	15.42%	16.01%	28.65%	51.10%
Advertising Expenses	11.04	10.98	8.42	10.83	8.54

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