Star CM 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	168.28	163.15	426.57	873.43	1,127
Revenue Growth (YoY)	3.14%	-61.75%	-51.16%	-22.48%	-27.77%
Cost of Revenue	80.15	123.16	485.92	592.35	852.43
Gross Profit	88.13	39.99	-59.35	281.07	274.31
Selling, General & Admin	64.56	107.77	142.36	172.08	216.18
Operating Expenses	78.59	162.28	279.31	196.15	225.88
Operating Income	9.54	-122.3	-338.66	84.93	48.43
Interest Expense	-0.18	-0.4	-2.6	-2.86	-2.74
Interest & Investment Income	-	20.76	19.14	5.77	9.18
Earnings From Equity Investments	-119.8	-36.55	-47.05	-7.17	-1.51
Other Non Operating Income (Expenses)	14.03	-20.28	-29.48	18.11	26.7
EBT Excluding Unusual Items	-96.41	-158.77	-398.65	98.78	80.06
Impairment of Goodwill	-3.01	-48.54	-1,192	-	-380.73
Gain (Loss) on Sale of Investments	9.78	-2.81	-12.09	3.87	-27.44
Gain (Loss) on Sale of Assets	-	-	-	1.7	-
Asset Writedown	-	-21	-	-	-
Legal Settlements	-0.8	-	-	-	-
Other Unusual Items	-	-	0.99	-	0.66
Pretax Income	-90.44	-231.12	-1,601	104.35	-327.45
Income Tax Expense	28.35	-1.07	32.85	19.79	24.3
Earnings From Continuing Operations	-118.79	-230.05	-1,634	84.56	-351.75
Minority Interest in Earnings	0.64	-2.5	29.59	2.36	6.75
Net Income	-118.15	-232.54	-1,605	86.92	-345
Net Income to Common	-118.15	-232.54	-1,605	86.92	-345
Shares Outstanding (Basic)	399	399	399	384	239
Shares Outstanding (Diluted)	399	399	399	384	239
Shares Change (YoY)	-	0.01%	3.91%	60.71%	-
EPS (Basic)	-0.30	-0.58	-4.03	0.23	-1.45
EPS (Diluted)	-0.30	-0.58	-4.03	0.23	-1.45
Free Cash Flow	-	-41.42	23.02	222.19	381.42
Free Cash Flow Per Share	-	-0.10	0.06	0.58	1.60
Gross Margin	52.37%	24.51%	-13.91%	32.18%	24.35%
Operating Margin	5.67%	-74.96%	-79.39%	9.72%	4.30%
Profit Margin	-70.21%	-142.53%	-376.17%	9.95%	-30.62%
Free Cash Flow Margin	-	-25.39%	5.40%	25.44%	33.85%
EBITDA	28.19	-103.65	-302.84	107.83	73.18
EBITDA Margin	16.75%	-63.53%	-70.99%	12.35%	6.49%
D&A For EBITDA	18.65	18.65	35.82	22.9	24.75
EBIT	9.54	-122.3	-338.66	84.93	48.43
EBIT Margin	5.67%	-74.96%	-79.39%	9.72%	4.30%
Effective Tax Rate	-	-	-	18.97%	-

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