GRVWF Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	-	3,817	3,937	3,464	3,039	2,707
Revenue Growth (YoY)	-	-3.06%	13.64%	14.00%	12.26%	8.59%
Cost of Revenue	-	3,136	3,349	2,767	2,233	2,039
Gross Profit	-	681.11	587.96	697.66	805.56	668.16
Selling, General & Admin	-	420.87	424.2	405.22	354.99	308.06
Other Operating Expenses	-	-58.9	-68.71	-62.03	-15.66	-50.77
Operating Expenses	-	369.95	358.58	349.05	351	257.35
Operating Income	-	311.16	229.38	348.62	454.56	410.81
Interest Expense	-	-7.6	-5.44	-3.24	-4.53	-5.2
Interest & Investment Income	-	13.4	9.93	2.77	15.77	12.8
Currency Exchange Gain (Loss)	-	7.36	-0.98	5.75	-6.37	-2.18
Other Non Operating Income (Expenses)	-	-	-	6.03	-	-
EBT Excluding Unusual Items	-	324.32	232.89	359.92	459.43	416.23
Gain (Loss) on Sale of Assets	-	-0.18	-0.1	-0.03	-3.51	-0.1
Other Unusual Items	-	-	-	-	-	25.56
Pretax Income	-	324.14	232.79	359.89	455.92	441.7
Income Tax Expense	-	79.93	50.4	74.82	113.15	104.38
Net Income	-	244.21	182.4	285.07	342.76	337.32
Net Income to Common	-	244.21	182.4	285.07	342.76	337.32
Net Income Growth	-	33.89%	-36.02%	-16.83%	1.61%	-6.32%
Shares Outstanding (Basic)	-	1,337	1,337	1,337	1,337	1,337
Shares Outstanding (Diluted)	-	1,337	1,337	1,337	1,337	1,337
Shares Change (YoY)	-	-	-	-0.02%	-0.01%	-
EPS (Basic)	-	0.18	0.14	0.21	0.26	0.25
EPS (Diluted)	-	0.18	0.14	0.21	0.26	0.25
EPS Growth	-	33.89%	-36.02%	-16.81%	1.62%	-6.32%
Free Cash Flow	-	339.59	257.55	45.87	440.49	326.48
Free Cash Flow Per Share	-	0.25	0.19	0.03	0.33	0.24
Dividend Per Share	-	0.054	-	0.098	0.227	0.241
Dividend Growth	-	-	-	-57.00%	-5.80%	1.79%
Gross Margin	-	17.85%	14.93%	20.14%	26.51%	24.68%
Operating Margin	-	8.15%	5.83%	10.06%	14.96%	15.18%
Profit Margin	-	6.40%	4.63%	8.23%	11.28%	12.46%
Free Cash Flow Margin	-	8.90%	6.54%	1.32%	14.49%	12.06%
EBITDA	-	446.94	359.33	482.09	599.1	546.43
EBITDA Margin	-	11.71%	9.13%	13.92%	19.71%	20.19%
D&A For EBITDA	-	135.78	129.95	133.47	144.54	135.62
EBIT	-	311.16	229.38	348.62	454.56	410.81
EBIT Margin	-	8.15%	5.83%	10.06%	14.96%	15.18%
Effective Tax Rate	-	24.66%	21.65%	20.79%	24.82%	23.63%
Advertising Expenses	-	31.22	25.57	26.11	20.54	27.83

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