Butong 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,446	1,249	852.1	507.2
Revenue Growth (YoY)	15.77%	46.56%	68.00%	-
Cost of Revenue	730.06	619.82	424.76	265.42
Gross Profit	715.76	629.05	427.34	241.78
Selling, General & Admin	582.46	482.61	320.49	213.05
Research & Development	25.43	21.41	23.85	16.25
Other Operating Expenses	-28.59	-16.05	-4.04	-0.51
Operating Expenses	579.41	488	340.37	228.79
Operating Income	136.35	141.06	86.97	12.99
Interest Expense	-19.64	-28.67	-27.5	-27.22
Interest & Investment Income	6.47	3.21	1.17	0.52
Earnings From Equity Investments	-0.11	-	-	-
Currency Exchange Gain (Loss)	-0.33	-1.74	-0.01	0.02
EBT Excluding Unusual Items	122.76	113.85	60.63	-13.7
Gain (Loss) on Sale of Investments	4.55	2.86	1.07	1.82
Gain (Loss) on Sale of Assets	0	-	-1	-0.56
Pretax Income	127.31	116.71	60.7	-12.43
Income Tax Expense	62.11	58.19	33.48	8.8
Net Income	65.2	58.52	27.22	-21.23
Net Income to Common	65.2	58.52	27.22	-21.23
Net Income Growth	11.42%	114.94%	-	-
Shares Outstanding (Basic)	64	54	-	-
Shares Outstanding (Diluted)	64	54	-	-
Shares Change (YoY)	19.56%	-	-	-
EPS (Basic)	1.02	1.08	-	-
EPS (Diluted)	1.01	1.08	-	-
EPS Growth	-6.48%	-	-	-
Free Cash Flow	43.88	94.19	67.86	14.68
Free Cash Flow Per Share	0.68	1.75	-	-
Gross Margin	49.50%	50.37%	50.15%	47.67%
Operating Margin	9.43%	11.29%	10.21%	2.56%
Profit Margin	4.51%	4.69%	3.19%	-4.19%
Free Cash Flow Margin	3.03%	7.54%	7.96%	2.89%
EBITDA	151.11	156.69	103.08	26.64
EBITDA Margin	10.45%	12.55%	12.10%	5.25%
D&A For EBITDA	14.76	15.64	16.11	13.65
EBIT	136.35	141.06	86.97	12.99
EBIT Margin	9.43%	11.29%	10.21%	2.56%
Effective Tax Rate	48.79%	49.86%	55.15%	-
Advertising Expenses	-	-	209.99	135.39