China Jushi Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 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	2016 - 2020
Operating Revenue	16,897	15,542	14,559	17,560	18,789	11,461	Upgrade
Other Revenue	329.25	313.94	316.35	2,633	917.6	205.56	Upgrade
Revenue	17,226	15,856	14,876	20,192	19,707	11,666	Upgrade
Revenue Growth (YoY)	16.51%	6.59%	-26.33%	2.46%	68.92%	11.18%	Upgrade
Cost of Revenue	12,000	11,925	10,727	13,052	10,791	7,744	Upgrade
Gross Profit	5,226	3,931	4,149	7,140	8,916	3,922	Upgrade
Selling, General & Admin	530.14	530.04	863.42	829.31	1,463	681.82	Upgrade
Research & Development	555.54	528.29	519.37	577.05	552.22	341.66	Upgrade
Other Operating Expenses	160.54	71.11	157.87	122.69	127.76	88.01	Upgrade
Operating Expenses	1,221	1,109	1,555	1,501	2,216	1,162	Upgrade
Operating Income	4,004	2,822	2,594	5,639	6,701	2,760	Upgrade
Interest Expense	-323.62	-350.33	-383.53	-409.93	-429.49	-462.49	Upgrade
Interest & Investment Income	132.22	153.29	352.57	126.68	99.17	242.74	Upgrade
Currency Exchange Gain (Loss)	70.74	37.51	21.47	27.5	-93.2	-64.99	Upgrade
Other Non Operating Income (Expenses)	1.16	-12.99	-15.9	-9.29	-24.47	-16.13	Upgrade
EBT Excluding Unusual Items	3,885	2,650	2,569	5,374	6,253	2,459	Upgrade
Impairment of Goodwill	-	-	-	-	-2.54	-	Upgrade
Gain (Loss) on Sale of Investments	0.49	-13.48	13.8	-50.98	2.57	-7.68	Upgrade
Gain (Loss) on Sale of Assets	-24.07	270.23	850.92	2,513	834.12	394.34	Upgrade
Asset Writedown	-	-	-	-	-	-142.43	Upgrade
Other Unusual Items	102.69	94.58	273.68	198.52	214.87	148.61	Upgrade
Pretax Income	3,966	3,003	3,708	8,039	7,303	2,854	Upgrade
Income Tax Expense	665.57	473.66	550.47	1,219	1,165	444.01	Upgrade
Earnings From Continuing Operations	3,300	2,529	3,157	6,820	6,138	2,410	Upgrade
Minority Interest in Earnings	-129.36	-84.61	-112.87	-210.28	-109.66	6.35	Upgrade
Net Income	3,171	2,445	3,044	6,610	6,028	2,416	Upgrade
Net Income to Common	3,171	2,445	3,044	6,610	6,028	2,416	Upgrade
Net Income Growth	63.21%	-19.70%	-53.94%	9.65%	149.51%	13.49%	Upgrade
Shares Outstanding (Basic)	4,003	4,003	4,003	4,003	4,003	4,003	Upgrade
Shares Outstanding (Diluted)	4,003	4,003	4,003	4,003	4,003	4,003	Upgrade
Shares Change (YoY)	-0.01%	0.00%	0.00%	-0.00%	0.01%	-0.01%	Upgrade
EPS (Basic)	0.79	0.61	0.76	1.65	1.51	0.60	Upgrade
EPS (Diluted)	0.79	0.61	0.76	1.65	1.51	0.60	Upgrade
EPS Growth	63.22%	-19.70%	-53.94%	9.65%	149.49%	13.50%	Upgrade
Free Cash Flow	2,243	729.38	-592.77	-1,423	2,326	519.83	Upgrade
Free Cash Flow Per Share	0.56	0.18	-0.15	-0.35	0.58	0.13	Upgrade
Dividend Per Share	0.410	0.240	0.275	0.521	0.480	0.196	Upgrade
Dividend Growth	49.09%	-12.73%	-47.22%	8.54%	144.90%	16.05%	Upgrade
Gross Margin	30.34%	24.79%	27.89%	35.36%	45.24%	33.62%	Upgrade
Operating Margin	23.25%	17.80%	17.44%	27.93%	34.00%	23.66%	Upgrade
Profit Margin	18.41%	15.42%	20.47%	32.73%	30.59%	20.71%	Upgrade
Free Cash Flow Margin	13.02%	4.60%	-3.98%	-7.05%	11.80%	4.46%	Upgrade
EBITDA	6,360	5,054	4,654	7,372	8,507	4,034	Upgrade
EBITDA Margin	36.92%	31.87%	31.28%	36.51%	43.17%	34.58%	Upgrade
D&A For EBITDA	2,355	2,232	2,060	1,733	1,807	1,273	Upgrade
EBIT	4,004	2,822	2,594	5,639	6,701	2,760	Upgrade
EBIT Margin	23.25%	17.80%	17.44%	27.93%	34.00%	23.66%	Upgrade
Effective Tax Rate	16.78%	15.77%	14.85%	15.16%	15.95%	15.56%	Upgrade
Revenue as Reported	17,226	15,856	14,876	20,192	-	11,666	Upgrade
Advertising Expenses	-	5.61	4.9	3.56	12.13	2.79	Upgrade

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