FriendTimes 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	1,248	1,163	1,056	1,524	1,616
Revenue Growth (YoY)	7.34%	10.11%	-30.72%	-5.68%	-25.94%
Cost of Revenue	336.79	349.26	353.63	480.28	526.71
Gross Profit	911.31	813.52	702.41	1,044	1,089
Selling, General & Admin	584.51	598.78	481.05	716.89	522.67
Research & Development	281.21	292.73	345.99	357.5	364.9
Other Operating Expenses	-33.16	-11.28	-24.8	-26.36	-30.13
Operating Expenses	832.56	880.23	802.25	1,048	857.44
Operating Income	78.76	-66.71	-99.84	-3.91	231.99
Interest Expense	-2.05	-3.94	-1.44	-0.04	-0.05
Interest & Investment Income	-	23.46	26.96	11.78	7.69
Earnings From Equity Investments	-	-	-	-1.25	-3.43
Currency Exchange Gain (Loss)	-	2.9	2.92	6.16	-0.66
Other Non Operating Income (Expenses)	-	-	-	-0.67	-1.07
EBT Excluding Unusual Items	76.71	-44.29	-71.4	12.06	234.46
Gain (Loss) on Sale of Investments	19.57	8.45	-1.53	12.37	-0.97
Gain (Loss) on Sale of Assets	-	-	-	-	0.38
Pretax Income	96.28	-35.83	-72.93	24.43	233.87
Income Tax Expense	3.11	13.02	65.19	-0.68	-41.61
Earnings From Continuing Operations	93.17	-48.86	-138.12	25.11	275.48
Net Income	93.17	-48.86	-138.12	25.11	275.48
Net Income to Common	93.17	-48.86	-138.12	25.11	275.48
Net Income Growth	-	-	-	-90.89%	-45.29%
Shares Outstanding (Basic)	2,100	2,111	2,169	2,181	2,181
Shares Outstanding (Diluted)	2,100	2,111	2,169	2,181	2,181
Shares Change (YoY)	-0.54%	-2.68%	-0.54%	-	-0.24%
EPS (Basic)	0.04	-0.02	-0.06	0.01	0.13
EPS (Diluted)	0.04	-0.02	-0.06	0.01	0.13
EPS Growth	-	-	-	-90.89%	-45.16%
Free Cash Flow	116.53	-56.45	-49.92	117.2	206.14
Free Cash Flow Per Share	0.06	-0.03	-0.02	0.05	0.10
Dividend Per Share	0.018	-	-	-	0.098
Dividend Growth	-	-	-	-	-3.25%
Gross Margin	73.02%	69.96%	66.51%	68.49%	67.41%
Operating Margin	6.31%	-5.74%	-9.45%	-0.26%	14.35%
Profit Margin	7.46%	-4.20%	-13.08%	1.65%	17.05%
Free Cash Flow Margin	9.34%	-4.86%	-4.73%	7.69%	12.75%
EBITDA	97.2	-44.68	-74.08	22.36	252.48
EBITDA Margin	7.79%	-3.84%	-7.02%	1.47%	15.62%
D&A For EBITDA	18.44	22.03	25.76	26.28	20.49
EBIT	78.76	-66.71	-99.84	-3.91	231.99
EBIT Margin	6.31%	-5.74%	-9.45%	-0.26%	14.35%
Effective Tax Rate	3.23%	-	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.