China Jushi Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Revenue	19,332	18,529	15,542	14,559	17,560	18,789
Other Revenue	352.23	352.23	313.94	316.35	2,633	917.6
Revenue	19,684	18,881	15,856	14,876	20,192	19,707
Revenue Growth (YoY)	16.11%	19.08%	6.59%	-26.33%	2.46%	68.92%
Cost of Revenue	12,735	12,658	11,925	10,727	13,052	10,791
Gross Profit	6,949	6,223	3,931	4,149	7,140	8,916
Selling, General & Admin	959.63	939.37	530.04	863.42	829.31	1,463
Research & Development	597.65	582.43	528.29	519.37	577.05	552.22
Other Operating Expenses	101.67	88.07	71.11	157.87	122.69	127.76
Operating Expenses	1,680	1,632	1,109	1,555	1,501	2,216
Operating Income	5,269	4,590	2,822	2,594	5,639	6,701
Interest Expense	-298.04	-308.71	-350.33	-383.53	-409.93	-429.49
Interest & Investment Income	76.75	72.73	153.29	352.57	126.68	99.17
Currency Exchange Gain (Loss)	-37.12	-37.12	37.51	21.47	27.5	-93.2
Other Non Operating Income (Expenses)	-90.12	-15.64	-12.99	-15.9	-9.29	-24.47
EBT Excluding Unusual Items	4,920	4,301	2,650	2,569	5,374	6,253
Impairment of Goodwill	-	-	-	-	-	-2.54
Gain (Loss) on Sale of Investments	6.31	13.13	-13.48	13.8	-50.98	2.57
Gain (Loss) on Sale of Assets	-183.54	-192.27	270.23	850.92	2,513	834.12
Asset Writedown	-10.64	-10.64	-	-	-	-
Other Unusual Items	37.65	37.65	94.58	273.68	198.52	214.87
Pretax Income	4,771	4,150	3,003	3,708	8,039	7,303
Income Tax Expense	803.77	734.41	473.66	550.47	1,219	1,165
Earnings From Continuing Operations	3,967	3,415	2,529	3,157	6,820	6,138
Minority Interest in Earnings	-144.67	-129.84	-84.61	-112.87	-210.28	-109.66
Net Income	3,822	3,285	2,445	3,044	6,610	6,028
Net Income to Common	3,822	3,285	2,445	3,044	6,610	6,028
Net Income Growth	35.30%	34.38%	-19.70%	-53.94%	9.65%	149.51%
Shares Outstanding (Basic)	3,992	4,000	4,003	4,003	4,003	4,003
Shares Outstanding (Diluted)	3,992	4,000	4,003	4,003	4,003	4,003
Shares Change (YoY)	-0.28%	-0.07%	0.00%	0.00%	-0.00%	0.01%
EPS (Basic)	0.96	0.82	0.61	0.76	1.65	1.51
EPS (Diluted)	0.96	0.82	0.61	0.76	1.65	1.51
EPS Growth	35.68%	34.48%	-19.70%	-53.94%	9.65%	149.49%
Free Cash Flow	2,795	2,832	729.38	-592.77	-1,423	2,326
Free Cash Flow Per Share	0.70	0.71	0.18	-0.15	-0.35	0.58
Dividend Per Share	0.360	0.360	0.240	0.275	0.521	0.480
Dividend Growth	50.00%	50.00%	-12.73%	-47.22%	8.54%	144.90%
Gross Margin	35.30%	32.96%	24.79%	27.89%	35.36%	45.24%
Operating Margin	26.77%	24.31%	17.80%	17.44%	27.93%	34.00%
Profit Margin	19.42%	17.40%	15.42%	20.47%	32.73%	30.59%
Free Cash Flow Margin	14.20%	15.00%	4.60%	-3.98%	-7.05%	11.80%
EBITDA	7,793	7,058	5,066	4,654	7,372	8,507
EBITDA Margin	39.59%	37.38%	31.95%	31.28%	36.51%	43.17%
D&A For EBITDA	2,524	2,468	2,244	2,060	1,733	1,807
EBIT	5,269	4,590	2,822	2,594	5,639	6,701
EBIT Margin	26.77%	24.31%	17.80%	17.44%	27.93%	34.00%
Effective Tax Rate	16.85%	17.70%	15.77%	14.85%	15.16%	15.95%
Revenue as Reported	19,684	18,881	15,856	14,876	20,192	-
Advertising Expenses	-	6.73	5.61	4.9	3.56	12.13

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