QingSong Health 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,256	945.01	489.96	393.61
Revenue Growth (YoY)	32.90%	92.87%	24.48%	-
Cost of Revenue	820.74	583.38	98.49	68.44
Gross Profit	435.14	361.63	391.48	325.16
Selling, General & Admin	285.79	227.04	187.1	125.61
Research & Development	75.59	72.04	61.39	52.82
Other Operating Expenses	-	3.03	-	-
Operating Expenses	361.62	302.15	248.78	178.62
Operating Income	73.52	59.48	142.7	146.54
Interest & Investment Income	6.71	10.87	9.07	8.44
Currency Exchange Gain (Loss)	-0.03	-1.83	-2.39	-10.01
Other Non Operating Income (Expenses)	-55.56	-11.16	0	7
EBT Excluding Unusual Items	24.65	57.36	149.38	151.97
Gain (Loss) on Sale of Investments	0.89	0.12	3.5	5
Gain (Loss) on Sale of Assets	-	0.28	-0.05	-
Other Unusual Items	-404.42	-50.37	-48.3	-150.63
Pretax Income	-378.88	7.38	104.54	6.34
Income Tax Expense	0.85	-1.61	7.37	15.44
Earnings From Continuing Operations	-379.72	8.99	97.17	-9.1
Earnings From Discontinued Operations	-	1.41	-23.52	7.04
Net Income	-379.72	10.4	73.65	-2.06
Net Income to Common	-379.72	10.4	73.65	-2.06
Net Income Growth	-	-85.88%	-	-
Shares Outstanding (Basic)	83	80	80	80
Shares Outstanding (Diluted)	83	101	202	80
Shares Change (YoY)	-17.96%	-50.09%	152.68%	-
EPS (Basic)	-4.58	0.13	0.92	-0.03
EPS (Diluted)	-4.58	0.11	0.60	-0.03
EPS Growth	-	-81.09%	-	-
Free Cash Flow	82.09	82.79	7.65	57.2
Free Cash Flow Per Share	0.99	0.82	0.04	0.71
Gross Margin	34.65%	38.27%	79.90%	82.61%
Operating Margin	5.85%	6.29%	29.13%	37.23%
Profit Margin	-30.23%	1.10%	15.03%	-0.52%
Free Cash Flow Margin	6.54%	8.76%	1.56%	14.53%
EBITDA	74	59.7	142.99	146.99
EBITDA Margin	5.89%	6.32%	29.18%	37.34%
D&A For EBITDA	0.47	0.23	0.29	0.45
EBIT	73.52	59.48	142.7	146.54
EBIT Margin	5.85%	6.29%	29.13%	37.23%
Effective Tax Rate	-	-	7.05%	243.52%
Advertising Expenses	-	129.31	107.04	48.15

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