Nanning Department Store Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	471.18	544.79	593.65	585.69	722.13
Other Revenue	-	72.41	86.91	70.01	85.75
Revenue	471.18	617.2	680.56	655.69	807.88
Revenue Growth (YoY)	-23.66%	-9.31%	3.79%	-18.84%	3.65%
Cost of Revenue	331.47	448.98	501.44	495.06	598.25
Gross Profit	139.71	168.22	179.12	160.63	209.62
Selling, General & Admin	165.04	159.06	176.91	184.46	192.14
Other Operating Expenses	0.63	11.44	13.59	13.53	19.54
Operating Expenses	165.66	199.2	198.36	198.1	211.78
Operating Income	-25.95	-30.98	-19.24	-37.47	-2.16
Interest Expense	-	-9.82	-10.08	-11.28	-11.93
Interest & Investment Income	-	0.33	0.55	1.05	1.45
Earnings From Equity Investments	0.31	11.89	-0.24	0.02	0.41
Other Non Operating Income (Expenses)	-4.22	-19.15	-4.44	-27.88	-4.81
EBT Excluding Unusual Items	-29.86	-47.74	-33.45	-75.56	-17.03
Gain (Loss) on Sale of Assets	23.74	6.44	23.45	8.7	15.89
Asset Writedown	-39.04	-0.02	-1.11	-1.33	-0.64
Legal Settlements	-	-	21.13	0.56	7.85
Other Unusual Items	-	3.69	1.83	1.23	2.42
Pretax Income	-45.15	-37.64	11.86	-66.4	8.49
Income Tax Expense	-3.81	-6.01	4.61	-1.9	5.85
Net Income	-41.35	-31.63	7.25	-64.49	2.64
Net Income to Common	-41.35	-31.63	7.25	-64.49	2.64
Shares Outstanding (Basic)	545	544	545	545	550
Shares Outstanding (Diluted)	545	544	545	545	550
Shares Change (YoY)	0.05%	-0.15%	0.11%	-0.92%	0.91%
EPS (Basic)	-0.08	-0.06	0.01	-0.12	0.00
EPS (Diluted)	-0.08	-0.06	0.01	-0.12	0.00
Free Cash Flow	-8.92	-66.05	20.68	-49.75	-19.95
Free Cash Flow Per Share	-0.02	-0.12	0.04	-0.09	-0.04
Gross Margin	29.65%	27.26%	26.32%	24.50%	25.95%
Operating Margin	-5.51%	-5.02%	-2.83%	-5.71%	-0.27%
Profit Margin	-8.77%	-5.13%	1.07%	-9.84%	0.33%
Free Cash Flow Margin	-1.89%	-10.70%	3.04%	-7.59%	-2.47%
EBITDA	16.8	5.35	18.7	3.77	39.81
EBITDA Margin	3.57%	0.87%	2.75%	0.58%	4.93%
D&A For EBITDA	42.75	36.33	37.95	41.24	41.97
EBIT	-25.95	-30.98	-19.24	-37.47	-2.16
EBIT Margin	-5.51%	-5.02%	-2.83%	-5.71%	-0.27%
Effective Tax Rate	-	-	38.84%	-	68.93%
Revenue as Reported	-	617.2	680.56	655.69	807.88
Advertising Expenses	-	14.19	14.42	13.94	20.91

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