FS.COM 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
Operating Revenue	2,966	2,612	2,213	1,988	1,581
Other Revenue	-	-	-	-	0.58
Revenue	2,966	2,612	2,213	1,988	1,582
Revenue Growth (YoY)	13.55%	18.03%	11.30%	25.68%	34.12%
Cost of Revenue	1,351	1,305	1,120	1,085	858.59
Gross Profit	1,615	1,306	1,092	902.86	723.44
Selling, General & Admin	745.39	697.44	514.1	440.86	258.56
Research & Development	178.13	143.71	110.48	99.82	90.25
Other Operating Expenses	-	-	-	-	0.96
Operating Expenses	926.23	842.24	626.14	540.42	348.43
Operating Income	688.89	464.07	466.34	362.44	375.01
Interest Expense	-28.12	-18.54	-4.66	-4.51	-2.44
Interest & Investment Income	5.77	6.65	4.73	3.73	8.1
Currency Exchange Gain (Loss)	-	-9.62	25.79	28.37	-39.52
Other Non Operating Income (Expenses)	18.73	5.35	8.16	14.52	-21.01
EBT Excluding Unusual Items	685.26	447.91	500.36	404.54	320.14
Gain (Loss) on Sale of Investments	-	8.73	12.99	14.11	-
Gain (Loss) on Sale of Assets	-	-0.1	-0.16	0.22	-0.01
Asset Writedown	-	-	-	-	0
Other Unusual Items	-	0.03	0.05	-	6.78
Pretax Income	685.26	456.58	513.25	418.88	326.9
Income Tax Expense	83.8	59.32	56.5	54.37	46.72
Net Income	601.47	397.26	456.75	364.51	280.17
Net Income to Common	601.47	397.26	456.75	364.51	280.17
Net Income Growth	51.41%	-13.03%	25.30%	30.10%	114.97%
Shares Outstanding (Basic)	344	344	344	344	83
Shares Outstanding (Diluted)	355	355	354	354	83
Shares Change (YoY)	0.16%	0.08%	0.05%	328.68%	37.61%
EPS (Basic)	1.75	1.16	1.33	1.06	3.39
EPS (Diluted)	1.69	1.12	1.29	1.03	3.39
EPS Growth	50.89%	-13.18%	25.24%	-69.62%	56.22%
Free Cash Flow	-	-316.5	246.53	-37.98	189.4
Free Cash Flow Per Share	-	-0.89	0.69	-0.11	2.29
Gross Margin	54.46%	50.02%	49.37%	45.41%	45.73%
Operating Margin	23.23%	17.77%	21.07%	18.23%	23.70%
Profit Margin	20.28%	15.21%	20.64%	18.33%	17.71%
Free Cash Flow Margin	-	-12.12%	11.14%	-1.91%	11.97%
EBITDA	784.24	536.91	510.15	392.51	389.12
EBITDA Margin	26.44%	20.56%	23.05%	19.74%	24.60%
D&A For EBITDA	95.36	72.84	43.82	30.08	14.11
EBIT	688.89	464.07	466.34	362.44	375.01
EBIT Margin	23.23%	17.77%	21.07%	18.23%	23.70%
Effective Tax Rate	12.23%	12.99%	11.01%	12.98%	14.29%
Revenue as Reported	-	-	-	-	1,582
Advertising Expenses	-	103.01	68.69	54.49	-

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