Revenue by Segment

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	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
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	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
North-East Region	-312.00M	-1.84B	1.00B	-568.00M	-278.00M
Offset of Business Segment	-677.00M	10.00M	-631.00M	-5.00M	-47.00M
Yangtze River Delta Region	15.98B	17.30B	18.06B	18.06B	15.61B
Yangtze River Delta Region Growth	-7.62%	-4.20%	-0.01%	15.71%	3.87%
Western Region	7.57B	7.11B	7.77B	8.77B	9.54B
Western Region Growth	6.47%	-8.47%	-11.35%	-8.10%	48.45%
Central and Eastern regions	5.55B	8.32B	7.68B	4.90B	6.39B
Central and Eastern regions Growth	-33.37%	8.41%	56.58%	-23.23%	10.46%
Affiliated institutions	9.09B	7.72B	6.30B	4.98B	3.50B
Affiliated institutions Growth	17.74%	22.42%	26.52%	42.46%	30.49%
Guangdong-Hong Kong-Macao Greater Bay Region	1.01B	1.92B	4.64B	5.70B	5.26B
Guangdong-Hong Kong-Macao Greater Bay Region Growth	-47.44%	-58.67%	-18.71%	8.48%	-5.35%
Beijing-Tianjin-Hebei Region	28.68B	28.17B	23.09B	21.23B	20.71B
Beijing-Tianjin-Hebei Region Growth	1.80%	22.03%	8.75%	2.54%	6.59%
Total	66.89B	68.72B	67.91B	63.08B	60.67B
Total Growth	-2.67%	1.20%	7.66%	3.96%	9.72%

Source: S&P Global Market Intelligence.