Wasion Holdings 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	10,074	8,717	7,252	5,856	4,591
Revenue Growth (YoY)	15.57%	20.19%	23.85%	27.56%	16.26%
Cost of Revenue	6,477	5,681	4,672	3,927	3,092
Gross Profit	3,597	3,035	2,581	1,929	1,499
Selling, General & Admin	1,202	1,105	976.66	728.57	615.12
Research & Development	734.18	730.4	681.38	577.44	424.48
Operating Expenses	1,936	1,945	1,731	1,385	1,109
Operating Income	1,661	1,090	849.4	544.22	389.59
Interest Expense	-106.6	-125.53	-131.53	-112.5	-99.27
Interest & Investment Income	-	94.23	72.07	79.49	82.85
Earnings From Equity Investments	0.95	0.28	0.76	3.24	-
Currency Exchange Gain (Loss)	-	0.41	-3.52	29.19	-3.17
Other Non Operating Income (Expenses)	238.47	154.26	113.72	86.09	107.69
EBT Excluding Unusual Items	1,793	1,214	900.9	629.73	477.69
Merger & Restructuring Charges	-	-	-0.18	-	-
Impairment of Goodwill	-	-	-	-7.68	-7.67
Gain (Loss) on Sale of Investments	-	-6.51	-34.72	-40.21	2.27
Gain (Loss) on Sale of Assets	-	0.55	-5.27	0.6	0.44
Asset Writedown	-48.59	-	-	-	-
Pretax Income	1,745	1,208	860.73	582.43	472.73
Income Tax Expense	263.75	177.43	100.14	71.27	44.76
Earnings From Continuing Operations	1,481	1,030	760.59	511.16	427.97
Minority Interest in Earnings	-422.86	-324.55	-239.36	-187.36	-159.89
Net Income	1,058	705.61	521.23	323.8	268.08
Net Income to Common	1,058	705.61	521.23	323.8	268.08
Net Income Growth	49.98%	35.37%	60.98%	20.78%	15.96%
Shares Outstanding (Basic)	990	988	989	985	985
Shares Outstanding (Diluted)	993	990	989	985	985
Shares Change (YoY)	0.26%	0.15%	0.34%	0.03%	0.12%
EPS (Basic)	1.07	0.71	0.53	0.33	0.27
EPS (Diluted)	1.07	0.71	0.53	0.33	0.27
EPS Growth	49.71%	35.11%	60.36%	20.82%	15.75%
Free Cash Flow	-	555.22	1,050	616.89	34.97
Free Cash Flow Per Share	-	0.56	1.06	0.63	0.04
Dividend Per Share	-	0.354	0.254	0.203	0.163
Dividend Growth	-	39.28%	24.93%	24.87%	-3.25%
Gross Margin	35.71%	34.82%	35.59%	32.95%	32.65%
Operating Margin	16.48%	12.50%	11.71%	9.29%	8.49%
Profit Margin	10.51%	8.09%	7.19%	5.53%	5.84%
Free Cash Flow Margin	-	6.37%	14.48%	10.54%	0.76%
EBITDA	1,810	1,239	971.22	646.84	469.67
EBITDA Margin	17.97%	14.22%	13.39%	11.05%	10.23%
D&A For EBITDA	149.23	149.23	121.81	102.62	80.09
EBIT	1,661	1,090	849.4	544.22	389.59
EBIT Margin	16.48%	12.50%	11.71%	9.29%	8.49%
Effective Tax Rate	15.12%	14.69%	11.63%	12.24%	9.47%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.