Xinjiang Guannong 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	2,449	2,476	3,430	4,281	2,330	3,855
Other Revenue	38.69	38.69	82.53	67.13	82.97	48.32
Revenue	2,488	2,515	3,513	4,348	2,413	3,903
Revenue Growth (YoY)	-20.13%	-28.40%	-19.21%	80.18%	-38.18%	40.95%
Cost of Revenue	2,341	2,375	3,412	3,649	2,320	3,637
Gross Profit	146.45	140.38	101.12	699.05	92.91	266.9
Selling, General & Admin	201.1	189.38	157.73	142.59	142.34	172.7
Research & Development	30.36	31.39	49.74	26.34	19.29	7.31
Other Operating Expenses	-0.8	-1.31	-8.07	9.14	4.11	13.44
Operating Expenses	233.04	221.84	211.04	182.88	190.47	193.44
Operating Income	-86.59	-81.47	-109.92	516.17	-97.57	73.46
Interest Expense	-32.1	-32.1	-43.84	-52.44	-82.34	-53.32
Interest & Investment Income	622.48	527.71	454.33	447.52	506.63	279.92
Currency Exchange Gain (Loss)	-0.4	-0.4	0.24	-5.02	1.09	-5.28
Other Non Operating Income (Expenses)	-9.37	-0.15	0.23	-7.9	-2.39	-6.02
EBT Excluding Unusual Items	494.04	413.6	301.03	898.34	325.43	288.76
Impairment of Goodwill	-2.94	-2.94	-20.97	-	-	-
Gain (Loss) on Sale of Investments	-29.55	-43.13	-15.34	10.06	-7.88	10.16
Gain (Loss) on Sale of Assets	-3.12	-3.16	2.02	0.57	1.08	-0.9
Asset Writedown	-9.15	-18.16	-3.57	-7.93	-0.42	-11.19
Other Unusual Items	24.27	24.27	14.48	14.88	-76.35	41.25
Pretax Income	473.55	370.49	277.65	915.92	241.85	328.09
Income Tax Expense	7.13	8.8	31.42	58.51	17.46	11.77
Earnings From Continuing Operations	466.42	361.69	246.23	857.41	224.4	316.32
Minority Interest in Earnings	-11.83	-13.24	-41.64	-137.4	250.54	-15.19
Net Income	454.59	348.44	204.6	720.01	474.94	301.13
Net Income to Common	454.59	348.44	204.6	720.01	474.94	301.13
Net Income Growth	210.29%	70.31%	-71.58%	51.60%	57.72%	21.92%
Shares Outstanding (Basic)	774	774	787	783	779	792
Shares Outstanding (Diluted)	774	774	787	783	779	792
Shares Change (YoY)	-1.35%	-1.60%	0.55%	0.52%	-1.75%	0.97%
EPS (Basic)	0.59	0.45	0.26	0.92	0.61	0.38
EPS (Diluted)	0.59	0.45	0.26	0.92	0.61	0.38
EPS Growth	214.53%	73.08%	-71.74%	50.82%	60.53%	20.75%
Free Cash Flow	-185.14	26.29	441.4	-4.19	883.8	-198.49
Free Cash Flow Per Share	-0.24	0.03	0.56	-0.01	1.14	-0.25
Dividend Per Share	0.160	0.160	0.080	0.460	0.184	0.040
Dividend Growth	100.00%	100.00%	-82.61%	150.00%	360.00%	14.29%
Gross Margin	5.89%	5.58%	2.88%	16.08%	3.85%	6.84%
Operating Margin	-3.48%	-3.24%	-3.13%	11.87%	-4.04%	1.88%
Profit Margin	18.27%	13.86%	5.83%	16.56%	19.68%	7.71%
Free Cash Flow Margin	-7.44%	1.05%	12.57%	-0.10%	36.63%	-5.08%
EBITDA	35.43	40.19	10.26	615.2	0.76	167.12
EBITDA Margin	1.42%	1.60%	0.29%	14.15%	0.03%	4.28%
D&A For EBITDA	122.02	121.65	120.18	99.03	98.33	93.65
EBIT	-86.59	-81.47	-109.92	516.17	-97.57	73.46
EBIT Margin	-3.48%	-3.24%	-3.13%	11.87%	-4.04%	1.88%
Effective Tax Rate	1.51%	2.38%	11.31%	6.39%	7.22%	3.59%
Revenue as Reported	2,515	2,515	3,513	4,348	2,413	3,903
Advertising Expenses	-	0.95	1.1	1.45	0.94	1.52

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