ARTS 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	1,181	1,322	1,717	1,744	1,768	1,808
Other Revenue	12.64	12.64	12.68	15.8	25.66	27.81
Revenue	1,193	1,335	1,730	1,760	1,794	1,835
Revenue Growth (YoY)	-19.49%	-22.84%	-1.73%	-1.88%	-2.28%	-5.50%
Cost of Revenue	832.38	936.1	1,278	1,316	1,333	1,311
Gross Profit	360.98	398.43	451.79	444.11	460.77	524.67
Selling, General & Admin	105.35	121.13	136.89	144.92	153.31	150.39
Research & Development	75.97	81.48	93.77	96.34	90.39	88.32
Other Operating Expenses	11.52	11.87	14.08	12.7	-0.73	15.27
Operating Expenses	252.67	279.56	322.82	364.07	392.08	288.55
Operating Income	108.3	118.87	128.97	80.04	68.69	236.12
Interest Expense	-7.59	-9.48	-9.68	-9.49	-9.2	-2.84
Interest & Investment Income	22.09	25.48	45.58	32.72	18.15	14.62
Currency Exchange Gain (Loss)	-0	-0	0.55	-2.65	8.05	-2.1
Other Non Operating Income (Expenses)	-28.98	-22.85	-20.79	-11.18	-20.72	-2.48
EBT Excluding Unusual Items	93.82	112.02	144.64	89.43	64.97	243.33
Impairment of Goodwill	-60.57	-60.57	-17.4	-15.78	-423.33	-10.41
Gain (Loss) on Sale of Investments	10.63	5.88	-2.29	-10.79	6.4	13.59
Gain (Loss) on Sale of Assets	1.24	2.65	0.12	4.09	0.57	-0.95
Asset Writedown	2.9	-	-	-1.34	-2.32	-
Other Unusual Items	10.67	10.67	9.12	56.46	-39.72	12.33
Pretax Income	58.68	70.64	134.2	122.07	-393.42	257.89
Income Tax Expense	14.41	15.66	23.45	33.37	21.74	32.76
Earnings From Continuing Operations	44.27	54.98	110.74	88.7	-415.17	225.14
Minority Interest in Earnings	-3.55	-3.66	-4.15	-1.79	-3.4	-6.07
Net Income	40.72	51.32	106.6	86.91	-418.56	219.07
Net Income to Common	40.72	51.32	106.6	86.91	-418.56	219.07
Net Income Growth	-48.80%	-51.86%	22.65%	-	-	9.81%
Shares Outstanding (Basic)	271	270	273	280	275	277
Shares Outstanding (Diluted)	271	270	273	280	275	277
Shares Change (YoY)	-0.27%	-1.18%	-2.51%	1.81%	-0.70%	0.80%
EPS (Basic)	0.15	0.19	0.39	0.31	-1.52	0.79
EPS (Diluted)	0.15	0.19	0.39	0.31	-1.52	0.79
EPS Growth	-48.66%	-51.28%	25.81%	-	-	8.94%
Free Cash Flow	231.49	148.45	146.48	209.2	293.12	108.47
Free Cash Flow Per Share	0.85	0.55	0.54	0.75	1.06	0.39
Dividend Per Share	-	0.100	0.300	0.500	-	0.625
Dividend Growth	-	-66.67%	-40.00%	-	-	43.68%
Gross Margin	30.25%	29.86%	26.12%	25.23%	25.69%	28.59%
Operating Margin	9.07%	8.91%	7.46%	4.55%	3.83%	12.86%
Profit Margin	3.41%	3.84%	6.16%	4.94%	-23.34%	11.94%
Free Cash Flow Margin	19.40%	11.12%	8.47%	11.89%	16.34%	5.91%
EBITDA	133.17	148.31	164.51	116.92	108.32	273.91
EBITDA Margin	11.16%	11.11%	9.51%	6.64%	6.04%	14.92%
D&A For EBITDA	24.86	29.44	35.53	36.88	39.62	37.79
EBIT	108.3	118.87	128.97	80.04	68.69	236.12
EBIT Margin	9.07%	8.91%	7.46%	4.55%	3.83%	12.86%
Effective Tax Rate	24.56%	22.17%	17.48%	27.33%	-	12.70%
Revenue as Reported	1,193	1,335	1,730	1,760	1,794	1,835
Advertising Expenses	-	0.23	0.47	0.37	1.08	0.97

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