Gansu Dunhuang Seed Group 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	1,321	1,120	1,122	1,085	975.57	905.67
Other Revenue	41.22	41.22	34.22	72.42	29.11	16.46
Revenue	1,362	1,161	1,156	1,158	1,005	922.13
Revenue Growth	8.49%	0.42%	-0.16%	15.24%	8.95%	-3.36%
Cost of Revenue	826.9	763.52	798.34	841.9	764.17	715.96
Gross Profit	535.49	397.23	357.59	315.86	240.51	206.17
Selling, General & Admin	165.76	182.53	172.2	159.31	155.2	157.64
Research & Development	23.41	22.9	20.31	16.32	19.51	14.82
Other Operating Expenses	12.43	5.43	5.11	7.56	7.25	-5.06
Operating Expenses	205.32	217.85	200.92	183.96	183.22	171.48
Operating Income	330.17	179.39	156.67	131.9	57.29	34.69
Interest Expense	-1.79	-8.54	-14.97	-18.31	-21.83	-26.46
Interest & Investment Income	1.01	6.14	8.54	10.61	6.62	4.73
Currency Exchange Gain (Loss)	0.02	0.02	1.78	0.85	2.65	-0.86
Other Non Operating Income (Expenses)	-6.92	-8.39	-2.45	-2.42	-2.44	7.36
EBT Excluding Unusual Items	322.42	168.62	149.57	122.63	42.3	19.47
Gain (Loss) on Sale of Investments	0.23	-1.08	-	0.15	-0.3	-
Gain (Loss) on Sale of Assets	1.2	0.04	1.07	4.93	2.11	16.27
Asset Writedown	8.25	-0.92	-0.5	-	-0.97	-0.2
Legal Settlements	15.18	15.18	-	-	-	-
Other Unusual Items	21.81	18.17	20.8	0.26	11.91	0.02
Pretax Income	369.95	200.87	171.67	128.85	56.26	36.09
Income Tax Expense	87.79	62.65	54.66	31.22	-7.34	-5.95
Earnings From Continuing Operations	282.16	138.22	117.01	97.62	63.6	42.04
Minority Interest in Earnings	-153.34	-90.97	-67.13	-56.83	-43.59	-32.99
Net Income	128.82	47.25	49.88	40.8	20.01	9.05
Net Income to Common	128.82	47.25	49.88	40.8	20.01	9.05
Net Income Growth	86.38%	-5.27%	22.26%	103.88%	121.07%	-69.36%
Shares Outstanding (Basic)	528	528	528	528	528	526
Shares Outstanding (Diluted)	528	528	528	528	528	526
Shares Change	-0.01%	0.03%	0.01%	-0.04%	0.33%	-0.25%
EPS (Basic)	0.24	0.09	0.09	0.08	0.04	0.02
EPS (Diluted)	0.24	0.09	0.09	0.08	0.04	0.02
EPS Growth	86.40%	-5.29%	22.25%	103.96%	120.35%	-69.29%

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	432.69	400.08	247.07	176.59	318.6	96.45
Free Cash Flow Per Share	0.82	0.76	0.47	0.34	0.60	0.18
Gross Margin	39.30%	34.22%	30.94%	27.28%	23.94%	22.36%
Operating Margin	24.23%	15.45%	13.55%	11.39%	5.70%	3.76%
Profit Margin	9.46%	4.07%	4.32%	3.52%	1.99%	0.98%
Free Cash Flow Margin	31.76%	34.47%	21.37%	15.25%	31.71%	10.46%
EBITDA	371.42	223.36	204.27	183.59	108.41	87.59
EBITDA Margin	27.26%	19.24%	17.67%	15.86%	10.79%	9.50%
D&A For EBITDA	41.25	43.97	47.6	51.69	51.11	52.91
EBIT	330.17	179.39	156.67	131.9	57.29	34.69
EBIT Margin	24.23%	15.45%	13.55%	11.39%	5.70%	3.76%
Effective Tax Rate	23.73%	31.19%	31.84%	24.23%	-	-
Revenue as Reported	370.55	1,161	1,156	1,158	1,005	-
Advertising Expenses	-	5.81	7.16	5.5	3.32	3.04