Wangfujing Group 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	10,534	11,325	12,183	10,747	12,703	11,488
Other Revenue	46.99	46.99	41.62	52.45	51.18	47.87
Revenue	10,581	11,372	12,224	10,800	12,754	11,536
Revenue Growth (YoY)	-7.66%	-6.97%	13.19%	-15.32%	10.56%	-56.94%
Cost of Revenue	6,647	6,952	7,269	6,847	7,517	7,727
Gross Profit	3,934	4,420	4,956	3,953	5,236	3,809
Selling, General & Admin	3,080	3,222	3,209	3,148	2,947	2,978
Other Operating Expenses	292.39	298.06	320.28	247.74	317.78	243.82
Operating Expenses	3,377	3,526	3,536	3,397	3,264	3,228
Operating Income	556.82	893.82	1,420	555.29	1,972	581.22
Interest Expense	-512.99	-508.55	-469.15	-512.6	-562.55	-184.13
Interest & Investment Income	261.75	367.66	254.31	583.96	502.14	350.66
Currency Exchange Gain (Loss)	0.21	0.21	2.99	16.45	-7.47	-12.28
Other Non Operating Income (Expenses)	-63.36	-60.99	-10.96	-52.34	-59.99	-82.54
EBT Excluding Unusual Items	242.43	692.15	1,197	590.77	1,844	652.93
Impairment of Goodwill	-5.36	-5.36	-	-	-	-5.67
Gain (Loss) on Sale of Investments	7.52	-5.01	-17.54	-55.13	41.81	-63.84
Gain (Loss) on Sale of Assets	25.15	10.38	30.2	3.05	5.66	-2.45
Asset Writedown	-85.2	-92.79	-1.04	-1.59	-1.03	-1.83
Other Unusual Items	44.06	44.06	-	-4.01	15.22	20.22
Pretax Income	228.6	643.42	1,208	533.08	1,906	599.36
Income Tax Expense	270.3	386.75	448.48	396.63	528.04	293.28
Earnings From Continuing Operations	-41.7	256.67	759.99	136.44	1,378	306.09
Minority Interest in Earnings	7.17	11.91	-50.62	58.37	-38.04	32.69
Net Income	-34.53	268.58	709.38	194.81	1,340	338.78
Net Income to Common	-34.53	268.58	709.38	194.81	1,340	338.78
Net Income Growth	-	-62.14%	264.14%	-85.46%	295.48%	-64.76%
Shares Outstanding (Basic)	1,126	1,132	1,135	1,133	983	976
Shares Outstanding (Diluted)	1,126	1,132	1,136	1,139	987	982
Shares Change (YoY)	-0.82%	-0.41%	-0.24%	15.39%	0.55%	26.46%
EPS (Basic)	-0.03	0.24	0.63	0.17	1.36	0.35
EPS (Diluted)	-0.03	0.24	0.62	0.17	1.36	0.34
EPS Growth	-	-61.98%	265.03%	-87.40%	293.33%	-72.13%
Free Cash Flow	1,563	1,776	2,682	908.05	1,665	38.27
Free Cash Flow Per Share	1.39	1.57	2.36	0.80	1.69	0.04
Dividend Per Share	0.080	0.080	0.200	0.100	0.400	0.150
Dividend Growth	-60.00%	-60.00%	100.00%	-75.00%	166.67%	-60.53%
Gross Margin	37.18%	38.87%	40.54%	36.60%	41.06%	33.02%
Operating Margin	5.26%	7.86%	11.61%	5.14%	15.46%	5.04%
Profit Margin	-0.33%	2.36%	5.80%	1.80%	10.51%	2.94%
Free Cash Flow Margin	14.77%	15.62%	21.94%	8.41%	13.05%	0.33%
EBITDA	1,085	1,425	1,954	1,058	2,452	1,037
EBITDA Margin	10.26%	12.53%	15.98%	9.80%	19.23%	8.99%
D&A For EBITDA	528.54	530.97	534.2	502.8	480.22	455.5
EBIT	556.82	893.82	1,420	555.29	1,972	581.22
EBIT Margin	5.26%	7.86%	11.61%	5.14%	15.46%	5.04%
Effective Tax Rate	118.24%	60.11%	37.11%	74.40%	27.71%	48.93%
Revenue as Reported	10,581	11,372	12,224	10,800	12,754	11,536
Advertising Expenses	-	279.69	303.54	311.09	334.56	322.06

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.