Maoye Commercial Co., Ltd. (SHA:600828)

Maoye Commercial Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,843	2,145	2,545	2,444	3,412	2,973
Other Revenue	570.35	570.35	620.47	965.34	756.03	726.12
Revenue	2,414	2,716	3,165	3,409	4,168	3,699
Revenue Growth (YoY)	-15.44%	-14.21%	-7.16%	-18.20%	12.67%	-69.76%
Cost of Revenue	987.02	1,036	1,306	1,287	1,604	1,423
Gross Profit	1,427	1,680	1,860	2,123	2,564	2,276
Selling, General & Admin	1,058	1,137	1,178	1,198	1,326	1,308
Other Operating Expenses	108.35	112.35	114.6	102.26	208	199.54
Operating Expenses	1,164	1,250	1,291	1,302	1,534	1,507
Operating Income	262.59	430.03	568.42	821.09	1,030	768.72
Interest Expense	-286.33	-324.48	-359.7	-398.49	-454.08	-311.54
Interest & Investment Income	10.3	11.55	11.13	14.33	32	60.25
Currency Exchange Gain (Loss)	-0.03	-0.03	-0.06	-0.36	0.48	-0.09
Other Non Operating Income (Expenses)	-36.56	-42.16	-59.4	-46.42	-34.17	-29.16
EBT Excluding Unusual Items	-50.03	74.91	160.39	390.15	574.57	488.17
Impairment of Goodwill	-28.02	-28.02	-24.21	-16.24	-54.89	-23.05
Gain (Loss) on Sale of Investments	-109.84	-87.5	-131.94	51.01	-7.42	-62.06
Gain (Loss) on Sale of Assets	-0.47	0	-0.1	0.34	90.76	-100.63
Asset Writedown	7.08	-	-	-	-	-
Legal Settlements	-0.12	-0.12	-6.75	-2.01	-20.2	-3.68
Other Unusual Items	94.59	94.49	77	8.12	3.44	6.71
Pretax Income	-86.82	53.76	74.38	431.37	586.27	305.47
Income Tax Expense	7.17	23.93	30.22	98.05	167.09	91.46
Earnings From Continuing Operations	-93.99	29.84	44.16	333.31	419.18	214.01
Minority Interest in Earnings	18.98	7.31	6.47	8.47	-9.82	-1
Net Income	-75.01	37.15	50.63	341.79	409.36	213.01
Net Income to Common	-75.01	37.15	50.63	341.79	409.36	213.01
Net Income Growth	-	-26.63%	-85.19%	-16.51%	92.18%	-83.09%
Shares Outstanding (Basic)	1,735	1,736	1,734	1,732	1,732	1,732
Shares Outstanding (Diluted)	1,735	1,736	1,734	1,732	1,732	1,732
Shares Change (YoY)	0.04%	0.11%	0.09%	0.04%	-0.01%	-0.00%
EPS (Basic)	-0.04	0.02	0.03	0.20	0.24	0.12
EPS (Diluted)	-0.04	0.02	0.03	0.20	0.24	0.12
EPS Growth	-	-26.71%	-85.20%	-16.54%	92.20%	-83.09%
Free Cash Flow	440.5	998.92	866.3	489.12	1,068	270.37
Free Cash Flow Per Share	0.25	0.57	0.50	0.28	0.62	0.16
Dividend Per Share	-	-	0.027	0.150	0.150	0.100
Dividend Growth	-	-	-82.00%	-	50.00%	-66.67%
Gross Margin	59.11%	61.85%	58.76%	62.26%	61.52%	61.52%
Operating Margin	10.88%	15.83%	17.96%	24.08%	24.72%	20.78%
Profit Margin	-3.11%	1.37%	1.60%	10.03%	9.82%	5.76%
Free Cash Flow Margin	18.25%	36.78%	27.37%	14.35%	25.63%	7.31%
EBITDA	542.26	713.3	856.5	1,112	1,352	1,115
EBITDA Margin	22.46%	26.27%	27.06%	32.63%	32.43%	30.15%
D&A For EBITDA	279.67	283.27	288.08	291.31	321.18	346.62
EBIT	262.59	430.03	568.42	821.09	1,030	768.72
EBIT Margin	10.88%	15.83%	17.96%	24.08%	24.72%	20.78%
Effective Tax Rate	-	44.51%	40.63%	22.73%	28.50%	29.94%
Revenue as Reported	2,414	2,716	3,165	3,409	4,168	3,699
Advertising Expenses	-	12.79	22.65	16.77	42.07	54.38

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