Seazen Holdings 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	Mar '26 Mar 31, 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	49,620	52,040	88,070	117,968	114,107	166,087
Other Revenue	971.42	971.42	928.46	1,207	1,350	2,144
Revenue	50,591	53,012	88,999	119,174	115,457	168,232
Revenue Growth (YoY)	-40.04%	-40.44%	-25.32%	3.22%	-31.37%	15.64%
Cost of Revenue	37,295	39,629	73,008	101,816	98,283	138,674
Gross Profit	13,296	13,382	15,990	17,359	17,174	29,558
Selling, General & Admin	4,195	4,457	6,723	8,523	9,996	10,065
Research & Development	-	-	6.88	20.37	24.62	32.93
Other Operating Expenses	2,990	2,989	2,313	2,710	2,776	4,997
Operating Expenses	7,227	7,449	9,119	11,259	12,798	15,099
Operating Income	6,069	5,933	6,871	6,100	4,376	14,459
Interest Expense	-3,467	-3,293	-3,017	-2,680	-2,936	-1,306
Interest & Investment Income	51.12	55.84	390.82	1,786	905.71	2,681
Currency Exchange Gain (Loss)	129.48	129.48	-190.46	-380.48	-292.73	-4.09
Other Non Operating Income (Expenses)	-641.78	-636.92	-779.33	-904.3	-336.67	-648.37
EBT Excluding Unusual Items	2,141	2,188	3,275	3,921	1,716	15,182
Gain (Loss) on Sale of Investments	-82.94	-44.15	-102.21	32.37	1,085	2,824
Gain (Loss) on Sale of Assets	-0.69	-0.82	-0.7	443.32	5.08	-0.19
Asset Writedown	-	-	-210.52	-	-	-
Other Unusual Items	-68.76	-68.76	-55.28	175.64	309.56	311.78
Pretax Income	1,989	2,075	2,906	4,572	3,115	18,318
Income Tax Expense	1,582	1,631	2,186	4,012	1,530	4,558
Earnings From Continuing Operations	406.88	443.68	720.04	559.6	1,585	13,760
Minority Interest in Earnings	280.45	236.42	32.35	177.5	-191.62	-1,162
Net Income	687.33	680.11	752.39	737.1	1,394	12,598
Net Income to Common	687.33	680.11	752.39	737.1	1,394	12,598
Net Income Growth	-17.15%	-9.61%	2.07%	-47.12%	-88.94%	-17.42%
Shares Outstanding (Basic)	2,238	2,267	2,280	2,234	2,259	2,253
Shares Outstanding (Diluted)	2,238	2,267	2,280	2,234	2,259	2,256
Shares Change (YoY)	-2.58%	-0.57%	2.07%	-1.12%	0.11%	0.24%
EPS (Basic)	0.31	0.30	0.33	0.33	0.62	5.59
EPS (Diluted)	0.31	0.30	0.33	0.33	0.62	5.58
EPS Growth	-14.96%	-9.09%	-	-46.52%	-88.94%	-17.66%
Free Cash Flow	1,218	1,128	-390.92	7,735	6,513	6,038
Free Cash Flow Per Share	0.54	0.50	-0.17	3.46	2.88	2.68
Gross Margin	26.28%	25.24%	17.97%	14.57%	14.87%	17.57%
Operating Margin	12.00%	11.19%	7.72%	5.12%	3.79%	8.60%
Profit Margin	1.36%	1.28%	0.84%	0.62%	1.21%	7.49%
Free Cash Flow Margin	2.41%	2.13%	-0.44%	6.49%	5.64%	3.59%
EBITDA	6,213	6,084	7,050	6,330	4,597	14,720
EBITDA Margin	12.28%	11.48%	7.92%	5.31%	3.98%	8.75%
D&A For EBITDA	143.97	150.92	178.75	229.68	220.9	261.02
EBIT	6,069	5,933	6,871	6,100	4,376	14,459
EBIT Margin	12.00%	11.19%	7.72%	5.12%	3.79%	8.60%
Effective Tax Rate	79.54%	78.61%	75.23%	87.76%	49.11%	24.88%
Revenue as Reported	50,591	53,012	88,999	119,174	115,457	168,232
Advertising Expenses	-	657.18	995.05	1,468	1,437	1,798

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