Gemdale 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	55,120	72,114	97,881	119,499	97,107	82,287
Other Revenue	3,155	3,155	127.08	536.38	1,828	1,369
Revenue	58,275	75,269	98,008	120,035	98,935	83,657
Revenue Growth (YoY)	-32.82%	-23.20%	-18.35%	21.33%	18.26%	32.61%
Cost of Revenue	52,870	67,855	83,371	98,761	79,189	56,636
Gross Profit	5,405	7,414	14,637	21,274	19,745	27,020
Selling, General & Admin	4,166	5,106	7,579	7,884	8,433	6,408
Research & Development	44.39	56.28	124.83	185.36	150.1	64.13
Other Operating Expenses	1,185	1,378	1,507	3,850	3,609	5,740
Operating Expenses	6,163	6,658	9,248	11,964	12,211	12,215
Operating Income	-758.05	756.56	5,388	9,310	7,534	14,805
Interest Expense	-2,516	-2,803	-3,326	-3,853	-3,755	-2,972
Interest & Investment Income	441.55	983.09	4,463	7,408	10,712	7,723
Currency Exchange Gain (Loss)	-48.06	-48.06	-58.61	-102.14	3.03	6.8
Other Non Operating Income (Expenses)	-2,158	-2,148	-964.17	-1,065	-323.82	-198.77
EBT Excluding Unusual Items	-5,038	-3,259	5,503	11,697	14,170	19,364
Impairment of Goodwill	-62.94	-62.94	-	-	-	-
Gain (Loss) on Sale of Investments	-3,234	-3,551	395.23	1,314	1,758	535.66
Gain (Loss) on Sale of Assets	-194.44	36.05	4.66	57.78	2.83	557.64
Asset Writedown	1,684	-6.06	-6.23	-168.76	-0.16	-172.95
Other Unusual Items	-258.88	-161.91	173.23	184.69	-111.22	-250.24
Pretax Income	-7,105	-7,005	6,069	13,085	15,819	20,034
Income Tax Expense	977.82	814.92	2,874	3,902	2,868	4,793
Earnings From Continuing Operations	-8,083	-7,820	3,195	9,184	12,951	15,241
Minority Interest in Earnings	891.98	1,705	-2,307	-3,069	-3,542	-4,843
Net Income	-7,191	-6,115	888.12	6,115	9,410	10,398
Net Income to Common	-7,191	-6,115	888.12	6,115	9,410	10,398
Net Income Growth	-	-	-85.47%	-35.02%	-9.50%	3.20%
Shares Outstanding (Basic)	4,563	4,530	4,441	4,529	4,524	4,521
Shares Outstanding (Diluted)	4,563	4,530	4,441	4,529	4,524	4,521
Shares Change (YoY)	32.07%	2.01%	-1.96%	0.12%	0.07%	0.06%
EPS (Basic)	-1.58	-1.35	0.20	1.35	2.08	2.30
EPS (Diluted)	-1.58	-1.35	0.20	1.35	2.08	2.30
EPS Growth	-	-	-85.19%	-35.10%	-9.56%	3.14%
Free Cash Flow	4,207	13,420	1,598	19,212	8,783	6,258
Free Cash Flow Per Share	0.92	2.96	0.36	4.24	1.94	1.38
Dividend Per Share	-	-	0.020	0.136	0.630	0.700
Dividend Growth	-	-	-85.52%	-78.41%	-10.00%	4.48%
Gross Margin	9.28%	9.85%	14.93%	17.72%	19.96%	32.30%
Operating Margin	-1.30%	1.00%	5.50%	7.76%	7.61%	17.70%
Profit Margin	-12.34%	-8.12%	0.91%	5.09%	9.51%	12.43%
Free Cash Flow Margin	7.22%	17.83%	1.63%	16.00%	8.88%	7.48%
EBITDA	-675.32	870.47	5,544	9,466	7,693	14,992
EBITDA Margin	-1.16%	1.16%	5.66%	7.89%	7.78%	17.92%
D&A For EBITDA	82.73	113.91	155.49	156.04	158.91	186.83
EBIT	-758.05	756.56	5,388	9,310	7,534	14,805
EBIT Margin	-1.30%	1.00%	5.50%	7.76%	7.61%	17.70%
Effective Tax Rate	-	-	47.36%	29.82%	18.13%	23.93%
Revenue as Reported	58,335	75,344	98,125	120,208	99,232	83,982
Advertising Expenses	-	1,494	2,016	1,841	2,154	1,508

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