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	Sep '26 Sep 30, 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	22,703	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	23,055	18,881	15,856	14,876	20,192	19,707
Revenue Growth	27.18%	19.08%	6.59%	-26.33%	2.46%	68.92%
Cost of Revenue	13,093	12,658	11,925	10,727	13,052	10,791
Gross Profit	9,962	6,223	3,931	4,149	7,140	8,916
Selling, General & Admin	1,052	939.37	530.04	863.42	829.31	1,463
Research & Development	725.67	582.43	528.29	519.37	577.05	552.22
Other Operating Expenses	165.75	88.07	71.11	157.87	122.69	127.76
Operating Expenses	1,995	1,632	1,109	1,555	1,501	2,216
Operating Income	7,967	4,590	2,822	2,594	5,639	6,701
Interest Expense	-283.25	-308.71	-350.33	-383.53	-409.93	-429.49
Interest & Investment Income	60.72	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)	-154.18	-15.64	-12.99	-15.9	-9.29	-24.47
EBT Excluding Unusual Items	7,554	4,301	2,650	2,569	5,374	6,253
Impairment of Goodwill	-	-	-	-	-	-2.54
Gain (Loss) on Sale of Investments	0.23	13.13	-13.48	13.8	-50.98	2.57
Gain (Loss) on Sale of Assets	-123.89	-192.27	270.23	850.92	2,513	834.12
Asset Writedown	-17.81	-10.64	-	-	-	-
Other Unusual Items	37.65	37.65	94.58	273.68	198.52	214.87
Pretax Income	7,450	4,150	3,003	3,708	8,039	7,303
Income Tax Expense	1,221	734.41	473.66	550.47	1,219	1,165
Earnings From Continuing Operations	6,229	3,415	2,529	3,157	6,820	6,138
Minority Interest in Earnings	-166.2	-129.84	-84.61	-112.87	-210.28	-109.66
Net Income	6,063	3,285	2,445	3,044	6,610	6,028
Net Income to Common	6,063	3,285	2,445	3,044	6,610	6,028
Net Income Growth	74.23%	34.38%	-19.70%	-53.94%	9.65%	149.51%
Shares Outstanding (Basic)	3,985	4,000	4,003	4,003	4,003	4,003
Shares Outstanding (Diluted)	3,985	4,000	4,003	4,003	4,003	4,003
Shares Change	-0.46%	-0.07%	0.00%	0.00%	-0.00%	0.01%
EPS (Basic)	1.52	0.82	0.61	0.76	1.65	1.51
EPS (Diluted)	1.52	0.82	0.61	0.76	1.65	1.51
EPS Growth	75.05%	34.48%	-19.70%	-53.94%	9.65%	149.49%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	2,120	2,832	729.38	-592.77	-1,423	2,326
Free Cash Flow Per Share	0.53	0.71	0.18	-0.15	-0.35	0.58
Dividend Per Share	0.520	0.360	0.240	0.275	0.521	0.480
Dividend Growth	26.83%	50.00%	-12.73%	-47.22%	8.54%	144.90%
Gross Margin	43.21%	32.96%	24.79%	27.89%	35.36%	45.24%
Operating Margin	34.56%	24.31%	17.80%	17.44%	27.93%	34.00%
Profit Margin	26.30%	17.40%	15.42%	20.47%	32.73%	30.59%
Free Cash Flow Margin	9.20%	15.00%	4.60%	-3.98%	-7.05%	11.80%
EBITDA	10,604	7,058	5,066	4,654	7,372	8,507
EBITDA Margin	45.99%	37.38%	31.95%	31.28%	36.51%	43.17%
D&A For EBITDA	2,636	2,468	2,244	2,060	1,733	1,807
EBIT	7,967	4,590	2,822	2,594	5,639	6,701
EBIT Margin	34.56%	24.31%	17.80%	17.44%	27.93%	34.00%
Effective Tax Rate	16.39%	17.70%	15.77%	14.85%	15.16%	15.95%
Revenue as Reported	23,055	18,881	15,856	14,876	20,192	-
Advertising Expenses	-	6.73	5.61	4.9	3.56	12.13