Camel Group 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	15,878	16,162	15,500	14,012	13,362	12,319
Other Revenue	141.03	141.03	92.41	67.3	63.18	84.73
Revenue	16,019	16,303	15,592	14,079	13,425	12,403
Revenue Growth (YoY)	-1.57%	4.56%	10.75%	4.87%	8.24%	28.67%
Cost of Revenue	13,647	13,925	13,248	11,985	11,535	10,316
Gross Profit	2,371	2,378	2,344	2,094	1,890	2,087
Selling, General & Admin	1,126	1,152	1,183	1,105	1,002	952.26
Research & Development	302.34	298.04	290.91	262.79	186.19	150.27
Other Operating Expenses	276.65	224.82	155.75	-10.39	26.23	58.25
Operating Expenses	1,715	1,686	1,656	1,354	1,259	1,177
Operating Income	656.4	692.51	687.75	739.49	631.08	910.54
Interest Expense	-43.15	-47.89	-60.73	-63.92	-82.51	-81.43
Interest & Investment Income	267.33	274.6	9.39	19.03	15.75	96.92
Currency Exchange Gain (Loss)	26.68	26.68	55.68	1.2	43.34	-43.63
Other Non Operating Income (Expenses)	-42.76	-12.45	-11.8	-12.93	-6.62	-18.45
EBT Excluding Unusual Items	864.51	933.45	680.28	682.86	601.04	863.95
Impairment of Goodwill	-0.86	-0.86	-	-19.75	-	-
Gain (Loss) on Sale of Investments	-3.72	14.83	-40.93	3.32	-153.34	0.99
Gain (Loss) on Sale of Assets	-4.03	-3.8	1.27	-23.63	-8.58	-0.2
Asset Writedown	-50.21	-52.22	-	0.44	-6.04	-0.3
Other Unusual Items	57.88	57.5	54.68	42.99	44	57.65
Pretax Income	863.57	948.9	695.31	686.23	477.08	922.1
Income Tax Expense	98.53	100.05	62.25	113.64	21.14	74.74
Earnings From Continuing Operations	765.03	848.86	633.06	572.59	455.93	847.36
Minority Interest in Earnings	-4.61	-11.02	-19.09	-0.2	14.06	-15.57
Net Income	760.42	837.84	613.97	572.39	469.99	831.79
Net Income to Common	760.42	837.84	613.97	572.39	469.99	831.79
Net Income Growth	9.44%	36.46%	7.27%	21.79%	-43.50%	14.55%
Shares Outstanding (Basic)	1,173	1,180	1,181	1,168	1,175	1,139
Shares Outstanding (Diluted)	1,173	1,180	1,181	1,168	1,175	1,155
Shares Change (YoY)	-0.32%	-0.06%	1.08%	-0.58%	1.71%	1.82%
EPS (Basic)	0.65	0.71	0.52	0.49	0.40	0.73
EPS (Diluted)	0.65	0.71	0.52	0.49	0.40	0.72
EPS Growth	9.79%	36.54%	6.12%	22.50%	-44.44%	12.50%
Free Cash Flow	540.57	543.51	335	400.29	-21.66	511.4
Free Cash Flow Per Share	0.46	0.46	0.28	0.34	-0.02	0.44
Dividend Per Share	0.360	0.360	0.290	0.270	0.200	0.220
Dividend Growth	24.14%	24.14%	7.41%	35.00%	-9.09%	10.00%
Gross Margin	14.80%	14.59%	15.03%	14.87%	14.08%	16.83%
Operating Margin	4.10%	4.25%	4.41%	5.25%	4.70%	7.34%
Profit Margin	4.75%	5.14%	3.94%	4.07%	3.50%	6.71%
Free Cash Flow Margin	3.38%	3.33%	2.15%	2.84%	-0.16%	4.12%
EBITDA	1,125	1,159	1,146	1,167	1,056	1,327
EBITDA Margin	7.02%	7.11%	7.35%	8.29%	7.87%	10.70%
D&A For EBITDA	468.65	466.57	458.24	427.51	425.01	416.08
EBIT	656.4	692.51	687.75	739.49	631.08	910.54
EBIT Margin	4.10%	4.25%	4.41%	5.25%	4.70%	7.34%
Effective Tax Rate	11.41%	10.54%	8.95%	16.56%	4.43%	8.11%
Revenue as Reported	16,019	16,303	15,592	14,079	13,425	12,403
Advertising Expenses	-	75.53	85.49	84.74	70.52	59.2

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