KWG Living Group 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	3,330	3,573	3,849	4,026	3,255
Revenue Growth (YoY)	-6.82%	-7.16%	-4.39%	23.66%	114.57%
Cost of Revenue	2,500	2,691	2,667	2,785	2,029
Gross Profit	829.44	882.66	1,182	1,241	1,226
Selling, General & Admin	433.46	477.08	511.72	547.44	337.97
Other Operating Expenses	429.58	334.26	290.76	490.75	22.84
Operating Expenses	863.04	811.34	802.49	1,038	360.81
Operating Income	-33.6	71.32	379.88	202.37	865.3
Interest Expense	-19.2	-33.04	-35.46	-22.91	-0.26
Interest & Investment Income	4.01	4.1	2.81	28.24	6.04
Earnings From Equity Investments	-2.5	7.16	6.5	3.2	1.11
Other Non Operating Income (Expenses)	15.09	115.03	41.09	55.42	20.43
EBT Excluding Unusual Items	-36.2	164.57	394.81	266.33	892.62
Impairment of Goodwill	-83.78	-630.01	-255.84	-143.42	-
Gain (Loss) on Sale of Investments	0.28	-1.05	1.36	-	-
Gain (Loss) on Sale of Assets	0.13	2.06	1.22	0.52	0.13
Asset Writedown	-29.71	-84.5	-1.58	-	-
Pretax Income	-149.27	-548.93	139.98	123.43	892.75
Income Tax Expense	167.01	9.73	77.66	63.58	208.44
Earnings From Continuing Operations	-316.29	-558.66	62.32	59.85	684.32
Minority Interest in Earnings	2.52	-13.62	-32.02	-56.44	-9.47
Net Income	-313.76	-572.28	30.3	3.41	674.84
Net Income to Common	-313.76	-572.28	30.3	3.41	674.84
Net Income Growth	-	-	788.13%	-99.49%	108.88%
Shares Outstanding (Basic)	2,026	2,026	2,026	2,021	2,018
Shares Outstanding (Diluted)	2,026	2,026	2,026	2,022	2,019
Shares Change (YoY)	0.00%	-0.02%	0.23%	0.16%	18.71%
EPS (Basic)	-0.15	-0.28	0.01	0.00	0.33
EPS (Diluted)	-0.15	-0.28	0.01	0.00	0.33
EPS Growth	-	-	786.14%	-99.49%	73.68%
Free Cash Flow	243.08	-44.29	-388.56	211.66	269.76
Free Cash Flow Per Share	0.12	-0.02	-0.19	0.10	0.13
Dividend Per Share	-	-	-	-	0.120
Dividend Growth	-	-	-	-	100.00%
Gross Margin	24.91%	24.70%	30.72%	30.82%	37.66%
Operating Margin	-1.01%	2.00%	9.87%	5.03%	26.58%
Profit Margin	-9.42%	-16.01%	0.79%	0.08%	20.73%
Free Cash Flow Margin	7.30%	-1.24%	-10.10%	5.26%	8.29%
EBITDA	43.64	208.8	529.69	342.12	900.11
EBITDA Margin	1.31%	5.84%	13.76%	8.50%	27.65%
D&A For EBITDA	77.25	137.48	149.81	139.75	34.82
EBIT	-33.6	71.32	379.88	202.37	865.3
EBIT Margin	-1.01%	2.00%	9.87%	5.03%	26.58%
Effective Tax Rate	-	-	55.48%	51.51%	23.35%

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