JF SmartInvest 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	3,430	2,306	1,965	1,850	1,452
Revenue Growth (YoY)	48.75%	17.33%	6.23%	27.43%	104.88%
Cost of Revenue	609.1	411.84	322.12	235.28	193.11
Gross Profit	2,821	1,894	1,643	1,615	1,259
Selling, General & Admin	1,895	1,532	1,376	1,119	999.58
Research & Development	356.01	318.78	287.42	229.53	194.16
Other Operating Expenses	-275.52	-318.02	-202.87	-135.72	-151.54
Operating Expenses	1,976	1,533	1,461	1,213	1,042
Operating Income	845.28	361.06	182.38	402.19	216.62
Interest Expense	-1.46	-2	-1.66	-2.33	-1.77
Interest & Investment Income	-	17.79	12.83	0.67	0.11
Earnings From Equity Investments	-1.91	-	-	-	-
Currency Exchange Gain (Loss)	-0.68	-8.82	0.57	-	-
Other Non Operating Income (Expenses)	0.71	1.45	-2.16	-	-
EBT Excluding Unusual Items	841.94	369.49	191.96	400.53	214.96
Gain (Loss) on Sale of Investments	213.91	-64.08	14.78	25.95	22.42
Gain (Loss) on Sale of Assets	-	-	-	50.38	63.5
Other Unusual Items	-	-	-	4.57	-
Pretax Income	1,056	305.41	206.74	481.43	300.88
Income Tax Expense	134.02	33.04	16.02	20.88	68.55
Earnings From Continuing Operations	921.83	272.37	190.72	460.55	232.33
Minority Interest in Earnings	-	-	-	-	-0.15
Net Income	921.83	272.37	190.72	460.55	232.18
Preferred Dividends & Other Adjustments	27.77	14.23	-	-	-
Net Income to Common	894.06	258.13	190.72	460.55	232.18
Net Income Growth	238.45%	42.81%	-58.59%	98.36%	169.52%
Shares Outstanding (Basic)	437	426	426	378	378
Shares Outstanding (Diluted)	437	426	433	378	378
Shares Change (YoY)	2.48%	-1.49%	14.54%	-	-
EPS (Basic)	2.05	0.61	0.45	1.22	0.61
EPS (Diluted)	2.04	0.61	0.44	1.22	0.61
EPS Growth	236.79%	37.66%	-63.91%	98.36%	-
Free Cash Flow	-	1,620	432.19	228.14	581.67
Free Cash Flow Per Share	-	3.80	1.00	0.60	1.54
Dividend Per Share	0.782	0.310	0.200	0.442	-
Dividend Growth	152.11%	55.29%	-54.85%	-	-
Gross Margin	82.24%	82.14%	83.61%	87.28%	86.70%
Operating Margin	24.64%	15.66%	9.28%	21.74%	14.92%
Profit Margin	26.06%	11.19%	9.70%	24.89%	15.99%
Free Cash Flow Margin	-	70.26%	21.99%	12.33%	40.06%
EBITDA	854.28	370.05	194.21	413.44	221.78
EBITDA Margin	24.91%	16.05%	9.88%	22.35%	15.28%
D&A For EBITDA	9	9	11.83	11.25	5.16
EBIT	845.28	361.06	182.38	402.19	216.62
EBIT Margin	24.64%	15.66%	9.28%	21.74%	14.92%
Effective Tax Rate	12.69%	10.82%	7.75%	4.34%	22.78%

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