QingSong Health Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,246	945.01	489.96	393.61
Revenue Growth (YoY)	216.54%	92.87%	24.48%	-
Cost of Revenue	846.44	583.38	98.49	68.44
Gross Profit	399.48	361.63	391.48	325.16
Selling, General & Admin	257.45	227.04	187.1	125.61
Research & Development	74.61	72.04	61.39	52.82
Other Operating Expenses	3.03	3.03	-	-
Operating Expenses	334.95	302.15	248.78	178.62
Operating Income	64.52	59.48	142.7	146.54
Interest & Investment Income	8	10.87	9.07	8.44
Currency Exchange Gain (Loss)	0.05	-1.83	-2.39	-10.01
Other Non Operating Income (Expenses)	-18.75	-11.16	0	7
EBT Excluding Unusual Items	53.83	57.36	149.38	151.97
Gain (Loss) on Sale of Investments	0.29	0.12	3.5	5
Gain (Loss) on Sale of Assets	-	0.28	-0.05	-
Other Unusual Items	28.93	-50.37	-48.3	-150.63
Pretax Income	83.04	7.38	104.54	6.34
Income Tax Expense	2.59	-1.61	7.37	15.44
Earnings From Continuing Operations	80.45	8.99	97.17	-9.1
Earnings From Discontinued Operations	-	1.41	-23.52	7.04
Net Income	80.45	10.4	73.65	-2.06
Net Income to Common	80.45	10.4	73.65	-2.06
Net Income Growth	-	-85.88%	-	-
Shares Outstanding (Basic)	80	80	80	80
Shares Outstanding (Diluted)	152	101	202	80
Shares Change (YoY)	89.62%	-50.09%	152.68%	-
EPS (Basic)	1.00	0.13	0.92	-0.03
EPS (Diluted)	0.21	0.11	0.60	-0.03
EPS Growth	-	-81.09%	-	-
Free Cash Flow	89.71	82.79	7.65	57.2
Free Cash Flow Per Share	0.59	0.82	0.04	0.71
Gross Margin	32.06%	38.27%	79.90%	82.61%
Operating Margin	5.18%	6.29%	29.13%	37.23%
Profit Margin	6.46%	1.10%	15.03%	-0.52%
Free Cash Flow Margin	7.20%	8.76%	1.56%	14.53%
EBITDA	64.85	59.7	142.99	146.99
EBITDA Margin	5.21%	6.32%	29.18%	37.34%
D&A For EBITDA	0.33	0.23	0.29	0.45
EBIT	64.52	59.48	142.7	146.54
EBIT Margin	5.18%	6.29%	29.13%	37.23%
Effective Tax Rate	3.12%	-	7.05%	243.52%
Advertising Expenses	-	129.31	107.04	48.15

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