TUHU Car 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	16,462	14,759	13,601	11,547	11,724
Revenue Growth (YoY)	11.54%	8.51%	17.79%	-1.51%	33.94%
Cost of Revenue	12,494	11,013	10,242	9,277	9,854
Gross Profit	3,968	3,746	3,359	2,270	1,870
Selling, General & Admin	3,106	2,848	2,724	2,569	2,686
Research & Development	763.66	639.79	579.62	621.37	619.58
Other Operating Expenses	-123.81	-60.38	-115.8	-127.71	-76.16
Operating Expenses	3,746	3,427	3,187	3,062	3,230
Operating Income	221.57	318.86	172.04	-792.25	-1,359
Interest Expense	-11.96	-15.7	-18.82	-27.88	-57.94
Interest & Investment Income	175.94	183.42	128.51	56.93	63.5
Earnings From Equity Investments	6.3	-11.56	-11.22	-33.52	-52.74
Currency Exchange Gain (Loss)	-5.36	1.62	2.56	23.74	17.29
Other Non Operating Income (Expenses)	-	-	-	-	-7.76
EBT Excluding Unusual Items	386.49	476.65	273.07	-772.97	-1,397
Gain (Loss) on Sale of Investments	36	10.54	-1.31	4.59	0.15
Asset Writedown	-	-	-11.77	-	28
Other Unusual Items	-	-	6,465	-1,339	-4,441
Pretax Income	422.49	487.19	6,725	-2,108	-5,810
Income Tax Expense	3.09	5.16	24.65	30.67	34.82
Earnings From Continuing Operations	419.4	482.04	6,701	-2,138	-5,845
Minority Interest in Earnings	0.99	1.76	2.24	2.14	4.22
Net Income	420.39	483.79	6,703	-2,136	-5,841
Net Income to Common	420.39	483.79	6,703	-2,136	-5,841
Net Income Growth	-13.11%	-92.78%	-	-	-
Shares Outstanding (Basic)	798	809	322	144	144
Shares Outstanding (Diluted)	825	837	807	144	144
Shares Change (YoY)	-1.34%	3.74%	459.51%	-	-
EPS (Basic)	0.53	0.60	20.80	-14.82	-40.52
EPS (Diluted)	0.50	0.60	0.29	-14.82	-41.00
EPS Growth	-16.40%	103.05%	-	-	-
Free Cash Flow	995.89	997.85	661.31	-646.85	-384.63
Free Cash Flow Per Share	1.21	1.19	0.82	-4.49	-2.67
Gross Margin	24.10%	25.38%	24.70%	19.66%	15.95%
Operating Margin	1.35%	2.16%	1.26%	-6.86%	-11.59%
Profit Margin	2.55%	3.28%	49.28%	-18.50%	-49.82%
Free Cash Flow Margin	6.05%	6.76%	4.86%	-5.60%	-3.28%
EBITDA	378.55	475.85	333.2	-635.07	-1,238
EBITDA Margin	2.30%	3.22%	2.45%	-5.50%	-10.56%
D&A For EBITDA	156.99	156.99	161.17	157.18	120.85
EBIT	221.57	318.86	172.04	-792.25	-1,359
EBIT Margin	1.35%	2.16%	1.26%	-6.86%	-11.59%
Effective Tax Rate	0.73%	1.06%	0.37%	-	-
Advertising Expenses	1,085	1,037	782.63	617.3	-

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