Xinji Shaxi Group 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
Rental Revenue	215.23	254.79	273.37	298.42	297.43
Total Revenue	215.23	254.79	273.37	298.42	297.43
Revenue Growth (YoY	-15.53%	-6.80%	-8.39%	0.33%	3.30%
Property Expenses	43.09	43.86	43.21	47.71	40.57
Selling, General & Administrative	47.24	47.79	53.88	52.38	63.01
Provision for Loan Losses	1.28	0.99	-1.35	-1.93	-
Other Operating Expenses	-4.75	-0.42	-3.79	-2.55	-7.21
Total Operating Expenses	88.04	96.76	99.57	107.74	96.19
Operating Income	127.19	158.03	173.8	190.69	201.24
Interest Expense	-48.27	-56.39	-61.99	-51.79	-47.73
Interest & Investment Income	1.95	3.08	3.99	2.16	0.34
Currency Exchange Gain (Loss)	-0.04	0.01	0.09	1.08	-0.69
Other Non-Operating Income	-0.02	1.63	0.64	0.61	-7.62
EBT Excluding Unusual Items	80.81	106.35	116.53	142.75	145.55
Gain (Loss) on Sale of Investments	-5.03	4.17	0.23	1.12	-
Gain (Loss) on Sale of Assets	17.18	2.58	9.55	-4.69	-0.01
Asset Writedown	-116.05	-314.53	-217.4	-349.76	-401.52
Other Unusual Items	-	-	-	2.23	-
Pretax Income	-23.09	-201.43	-91.09	-208.35	-255.98
Income Tax Expense	4.68	-39.31	-10.82	-40.92	-50.4
Earnings From Continuing Operations	-27.77	-162.12	-80.27	-167.43	-205.58
Minority Interest in Earnings	0.08	-0.19	0.28	-1.28	-1.92
Net Income	-27.69	-162.31	-79.99	-168.71	-207.5
Net Income to Common	-27.69	-162.31	-79.99	-168.71	-207.5
Basic Shares Outstanding	1,493	1,495	1,500	1,500	1,500
Diluted Shares Outstanding	1,493	1,495	1,500	1,500	1,500
Shares Change (YoY)	-0.15%	-0.32%	-	-	-
EPS (Basic)	-0.02	-0.11	-0.05	-0.11	-0.14
EPS (Diluted)	-0.02	-0.11	-0.05	-0.11	-0.14
Operating Margin	59.09%	62.02%	63.58%	63.90%	67.66%
Profit Margin	-12.86%	-63.70%	-29.26%	-56.53%	-69.76%
EBITDA	127.89	159.21	175.07	191.84	201.97
EBITDA Margin	59.42%	62.49%	64.04%	64.28%	67.91%
D&A For Ebitda	0.7	1.19	1.27	1.15	0.73
EBIT	127.19	158.03	173.8	190.69	201.24
EBIT Margin	59.09%	62.02%	63.58%	63.90%	67.66%

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