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
Period Ending	Sep '25 Sep 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
Operating Revenue	17,814	15,542	14,559	17,560	18,789	11,461
Other Revenue	313.94	313.94	316.35	2,633	917.6	205.56
Revenue	18,128	15,856	14,876	20,192	19,707	11,666
Revenue Growth (YoY)	20.19%	6.59%	-26.33%	2.46%	68.92%	11.18%
Cost of Revenue	12,450	11,925	10,727	13,052	10,791	7,744
Gross Profit	5,678	3,931	4,149	7,140	8,916	3,922
Selling, General & Admin	541.33	530.04	863.42	829.31	1,463	681.82
Research & Development	545.15	528.29	519.37	577.05	552.22	341.66
Other Operating Expenses	134.89	71.11	157.87	122.69	127.76	88.01
Operating Expenses	1,202	1,109	1,555	1,501	2,216	1,162
Operating Income	4,476	2,822	2,594	5,639	6,701	2,760
Interest Expense	-319.63	-350.33	-383.53	-409.93	-429.49	-462.49
Interest & Investment Income	125.51	153.29	352.57	126.68	99.17	242.74
Currency Exchange Gain (Loss)	37.51	37.51	21.47	27.5	-93.2	-64.99
Other Non Operating Income (Expenses)	25.27	-12.99	-15.9	-9.29	-24.47	-16.13
EBT Excluding Unusual Items	4,345	2,650	2,569	5,374	6,253	2,459
Impairment of Goodwill	-	-	-	-	-2.54	-
Gain (Loss) on Sale of Investments	-0.24	-13.48	13.8	-50.98	2.57	-7.68
Gain (Loss) on Sale of Assets	-91.36	270.23	850.92	2,513	834.12	394.34
Asset Writedown	24.16	-	-	-	-	-142.43
Other Unusual Items	89.24	94.58	273.68	198.52	214.87	148.61
Pretax Income	4,369	3,003	3,708	8,039	7,303	2,854
Income Tax Expense	752.52	473.66	550.47	1,219	1,165	444.01
Earnings From Continuing Operations	3,616	2,529	3,157	6,820	6,138	2,410
Minority Interest in Earnings	-136.37	-84.61	-112.87	-210.28	-109.66	6.35
Net Income	3,480	2,445	3,044	6,610	6,028	2,416
Net Income to Common	3,480	2,445	3,044	6,610	6,028	2,416
Net Income Growth	82.79%	-19.70%	-53.94%	9.65%	149.51%	13.49%
Shares Outstanding (Basic)	4,004	4,003	4,003	4,003	4,003	4,003
Shares Outstanding (Diluted)	4,004	4,003	4,003	4,003	4,003	4,003
Shares Change (YoY)	0.01%	0.00%	0.00%	-0.00%	0.01%	-0.01%
EPS (Basic)	0.87	0.61	0.76	1.65	1.51	0.60
EPS (Diluted)	0.87	0.61	0.76	1.65	1.51	0.60
EPS Growth	82.78%	-19.70%	-53.94%	9.65%	149.49%	13.50%
Free Cash Flow	2,313	729.38	-592.77	-1,423	2,326	519.83
Free Cash Flow Per Share	0.58	0.18	-0.15	-0.35	0.58	0.13
Dividend Per Share	0.410	0.240	0.275	0.521	0.480	0.196
Dividend Growth	49.09%	-12.73%	-47.22%	8.54%	144.90%	16.05%
Gross Margin	31.32%	24.79%	27.89%	35.36%	45.24%	33.62%
Operating Margin	24.69%	17.80%	17.44%	27.93%	34.00%	23.66%
Profit Margin	19.20%	15.42%	20.47%	32.73%	30.59%	20.71%
Free Cash Flow Margin	12.76%	4.60%	-3.98%	-7.05%	11.80%	4.46%
EBITDA	6,837	5,054	4,654	7,372	8,507	4,034
EBITDA Margin	37.72%	31.87%	31.28%	36.51%	43.17%	34.58%
D&A For EBITDA	2,361	2,232	2,060	1,733	1,807	1,273
EBIT	4,476	2,822	2,594	5,639	6,701	2,760
EBIT Margin	24.69%	17.80%	17.44%	27.93%	34.00%	23.66%
Effective Tax Rate	17.22%	15.77%	14.85%	15.16%	15.95%	15.56%
Revenue as Reported	18,128	15,856	14,876	20,192	-	11,666
Advertising Expenses	-	5.61	4.9	3.56	12.13	2.79

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