Dashan Education Holdings Limited (HKG:9986)

Dashan Education Holdings Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	112.44	118.49	54.85	27.67	352.87	333.04
Revenue Growth (YoY)	37.47%	116.01%	98.22%	-92.16%	5.96%	-13.19%
Cost of Revenue	80.28	84.6	45.85	18.72	235.44	228.25
Gross Profit	32.15	33.89	9.01	8.96	117.43	104.79
Selling, General & Admin	94.03	63.94	47.99	39.82	103.84	95.99
Operating Expenses	94.03	63.94	47.99	39.82	103.84	95.99
Operating Income	-61.88	-30.05	-38.98	-30.86	13.59	8.8
Interest Expense	-0.88	-0.73	-0.54	-0.23	-7.17	-7.92
Interest & Investment Income	1.01	1.01	0.58	1.05	6.55	4.15
Earnings From Equity Investments	-2.83	-4.99	-6.92	-0.14	-	-
Currency Exchange Gain (Loss)	-1.24	0.38	0.79	1.78	-1.76	-6.54
Other Non Operating Income (Expenses)	5.63	7.27	-9.12	0.07	-0.76	4.42
EBT Excluding Unusual Items	-60.2	-27.1	-54.19	-28.34	10.45	2.93
Gain (Loss) on Sale of Investments	-0.95	-6.47	-1.48	0.57	-1.39	-
Gain (Loss) on Sale of Assets	-6.45	1.07	0.08	0.38	-48.46	-0.1
Asset Writedown	-2.54	-0.76	-	-4.04	-16.33	-2.41
Other Unusual Items	-	-	-	-	-	4.26
Pretax Income	-70.13	-33.27	-55.58	-31.42	-55.73	4.68
Income Tax Expense	0.6	0.37	-1.08	-0.02	1.06	2.62
Earnings From Continuing Operations	-70.73	-33.64	-54.51	-31.4	-56.8	2.05
Minority Interest in Earnings	12.61	8.77	4.52	0.86	0.37	-
Net Income	-58.12	-24.87	-49.99	-30.55	-56.42	2.05
Net Income to Common	-58.12	-24.87	-49.99	-30.55	-56.42	2.05
Net Income Growth	-	-	-	-	-	-95.81%
Shares Outstanding (Basic)	767	771	771	771	772	676
Shares Outstanding (Diluted)	767	771	771	771	772	693
Shares Change (YoY)	-0.49%	-	-	-0.22%	11.46%	20.76%
EPS (Basic)	-0.08	-0.03	-0.06	-0.04	-0.07	0.00
EPS (Diluted)	-0.08	-0.03	-0.06	-0.04	-0.07	-0.02
Free Cash Flow	-20.02	1.63	10.03	-87.53	-86.84	54.5
Free Cash Flow Per Share	-0.03	0.00	0.01	-0.11	-0.11	0.08
Gross Margin	28.60%	28.60%	16.42%	32.37%	33.28%	31.46%
Operating Margin	-55.04%	-25.36%	-71.05%	-111.52%	3.85%	2.64%
Profit Margin	-51.69%	-20.98%	-91.12%	-110.39%	-15.99%	0.62%
Free Cash Flow Margin	-17.81%	1.37%	18.28%	-316.30%	-24.61%	16.36%
EBITDA	-56.28	-24.04	-33.05	-27.7	48.86	41.11
EBITDA Margin	-50.05%	-20.29%	-60.25%	-100.08%	13.85%	12.35%
D&A For EBITDA	5.61	6.01	5.92	3.17	35.27	32.31
EBIT	-61.88	-30.05	-38.98	-30.86	13.59	8.8
EBIT Margin	-55.04%	-25.36%	-71.05%	-111.52%	3.85%	2.64%
Effective Tax Rate	-	-	-	-	-	56.10%

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