ARTS 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	1,145	1,162	1,322	1,717	1,744	1,768
Other Revenue	15.14	15.14	12.64	12.68	15.8	25.66
Revenue	1,160	1,177	1,335	1,730	1,760	1,794
Revenue Growth (YoY)	-7.08%	-11.79%	-22.84%	-1.73%	-1.88%	-2.28%
Cost of Revenue	792.23	806.57	936.1	1,278	1,316	1,333
Gross Profit	367.5	370.59	398.43	451.79	444.11	460.77
Selling, General & Admin	88.7	93.29	121.13	136.89	144.92	153.31
Research & Development	64.11	68.42	81.48	93.77	96.34	90.39
Other Operating Expenses	13.97	13.33	11.7	14.08	12.7	-0.73
Operating Expenses	229.5	237.75	279.4	322.82	364.07	392.08
Operating Income	138	132.84	119.04	128.97	80.04	68.69
Interest Expense	-8.65	-8.65	-9.48	-9.68	-9.49	-9.2
Interest & Investment Income	21.55	21.55	25.48	45.58	32.72	18.15
Currency Exchange Gain (Loss)	-0.04	-0.04	-0	0.55	-2.65	8.05
Other Non Operating Income (Expenses)	-26.05	-20.65	-22.85	-20.79	-11.18	-20.72
EBT Excluding Unusual Items	124.81	125.05	112.19	144.64	89.43	64.97
Impairment of Goodwill	-42.14	-42.14	-60.57	-17.4	-15.78	-423.33
Gain (Loss) on Sale of Investments	13.6	14.06	5.88	-2.29	-10.79	6.4
Gain (Loss) on Sale of Assets	-0.33	-0.36	2.65	0.12	4.09	0.57
Asset Writedown	-25.69	-27.18	-	-	-1.34	-2.32
Other Unusual Items	4.68	4.68	10.5	9.12	56.46	-39.72
Pretax Income	74.93	74.11	70.64	134.2	122.07	-393.42
Income Tax Expense	27.78	26.35	15.66	23.45	33.37	21.74
Earnings From Continuing Operations	47.15	47.76	54.98	110.74	88.7	-415.17
Minority Interest in Earnings	1.49	1.3	-3.66	-4.15	-1.79	-3.4
Net Income	48.63	49.05	51.32	106.6	86.91	-418.56
Net Income to Common	48.63	49.05	51.32	106.6	86.91	-418.56
Net Income Growth	13.75%	-4.41%	-51.86%	22.65%	-	-
Shares Outstanding (Basic)	271	273	270	273	280	275
Shares Outstanding (Diluted)	271	273	270	273	280	275
Shares Change (YoY)	0.88%	0.90%	-1.18%	-2.51%	1.81%	-0.70%
EPS (Basic)	0.18	0.18	0.19	0.39	0.31	-1.52
EPS (Diluted)	0.18	0.18	0.19	0.39	0.31	-1.52
EPS Growth	12.76%	-5.26%	-51.28%	25.81%	-	-
Free Cash Flow	266.33	226.12	148.45	146.48	209.2	293.12
Free Cash Flow Per Share	0.98	0.83	0.55	0.54	0.75	1.06
Dividend Per Share	0.350	0.350	0.100	0.300	0.500	-
Dividend Growth	250.00%	250.00%	-66.67%	-40.00%	-	-
Gross Margin	31.69%	31.48%	29.86%	26.12%	25.23%	25.69%
Operating Margin	11.90%	11.29%	8.92%	7.46%	4.55%	3.83%
Profit Margin	4.19%	4.17%	3.84%	6.16%	4.94%	-23.34%
Free Cash Flow Margin	22.96%	19.21%	11.12%	8.47%	11.89%	16.34%
EBITDA	164.27	160.06	150.09	164.51	116.92	108.32
EBITDA Margin	14.16%	13.60%	11.25%	9.51%	6.64%	6.04%
D&A For EBITDA	26.27	27.22	31.05	35.53	36.88	39.62
EBIT	138	132.84	119.04	128.97	80.04	68.69
EBIT Margin	11.90%	11.29%	8.92%	7.46%	4.55%	3.83%
Effective Tax Rate	37.08%	35.55%	22.17%	17.48%	27.33%	-
Revenue as Reported	1,177	1,177	1,335	1,730	1,760	1,794
Advertising Expenses	-	0.14	0.23	0.47	0.37	1.08

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