Laopu Gold 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	27,303	8,506	3,180	1,294	1,265
Revenue Growth (YoY)	221.00%	167.51%	145.67%	2.34%	33.82%
Cost of Revenue	17,029	5,004	1,848	752.08	743.6
Gross Profit	10,274	3,501	1,332	542.14	521
Selling, General & Admin	3,699	1,509	746.92	391.29	351.56
Research & Development	24.93	19.16	10.72	8.53	8.41
Other Operating Expenses	35.94	16.93	5.32	2.85	0.72
Operating Expenses	3,760	1,545	762.96	402.67	360.69
Operating Income	6,513	1,956	569	139.47	160.31
Interest Expense	-138.85	-30.13	-18.08	-16.89	-11.59
Interest & Investment Income	3.82	2.68	0.35	0.17	0.12
Currency Exchange Gain (Loss)	0.65	16.55	0.56	0.07	0.03
Other Non Operating Income (Expenses)	5.64	1.3	1.51	3.58	5.21
EBT Excluding Unusual Items	6,385	1,947	553.34	126.4	154.08
Gain (Loss) on Sale of Assets	-0.73	-	0.13	0.37	0.13
Pretax Income	6,384	1,947	553.47	126.77	154.21
Income Tax Expense	1,516	473.44	137.17	32.24	40.33
Net Income	4,868	1,473	416.3	94.53	113.88
Net Income to Common	4,868	1,473	416.3	94.53	113.88
Net Income Growth	230.45%	253.85%	340.40%	-16.99%	24.51%
Shares Outstanding (Basic)	172	156	137	137	137
Shares Outstanding (Diluted)	172	156	137	137	137
Shares Change (YoY)	10.79%	13.18%	0.68%	-	1.49%
EPS (Basic)	28.35	9.47	3.03	0.69	0.83
EPS (Diluted)	28.25	9.47	3.03	0.69	0.83
EPS Growth	198.28%	212.65%	337.43%	-16.99%	22.69%
Free Cash Flow	-	-1,299	-88.74	113.9	71.06
Free Cash Flow Per Share	-	-8.35	-0.65	0.83	0.52
Dividend Per Share	21.540	6.350	-	-	-
Dividend Growth	239.21%	-	-	-	-
Gross Margin	37.63%	41.16%	41.89%	41.89%	41.20%
Operating Margin	23.86%	23.00%	17.90%	10.78%	12.68%
Profit Margin	17.83%	17.32%	13.09%	7.30%	9.01%
Free Cash Flow Margin	-	-15.28%	-2.79%	8.80%	5.62%
EBITDA	6,558	2,000	596.71	161.71	175.67
EBITDA Margin	24.02%	23.52%	18.77%	12.50%	13.89%
D&A For EBITDA	44.11	44.11	27.71	22.24	15.35
EBIT	6,513	1,956	569	139.47	160.31
EBIT Margin	23.86%	23.00%	17.89%	10.78%	12.68%
Effective Tax Rate	23.75%	24.32%	24.78%	25.43%	26.15%
Advertising Expenses	-	-	-	15.08	10.34

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