Xinfengming 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	2015 - 2019
Period Ending	Jun '25 Jun 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	2015 - 2019
Operating Revenue	68,186	64,821	59,899	47,538	41,205	28,802	Upgrade
Other Revenue	1,123	2,270	1,569	3,250	3,565	8,182	Upgrade
Revenue	69,309	67,091	61,469	50,787	44,770	36,984	Upgrade
Revenue Growth (YoY)	7.36%	9.15%	21.03%	13.44%	21.05%	8.30%	Upgrade
Cost of Revenue	65,356	63,443	57,975	49,084	40,102	35,183	Upgrade
Gross Profit	3,953	3,647	3,493	1,703	4,668	1,802	Upgrade
Selling, General & Admin	822.3	796.69	782.04	721.35	582.35	425.27	Upgrade
Research & Development	1,300	1,209	1,198	1,078	915.21	602.29	Upgrade
Other Operating Expenses	-19.45	-39.32	103.54	61.49	-3.46	30.43	Upgrade
Operating Expenses	2,104	1,975	2,080	1,865	1,496	1,061	Upgrade
Operating Income	1,848	1,672	1,413	-162.06	3,172	740.43	Upgrade
Interest Expense	-720.38	-828.3	-852.87	-785.76	-595.1	-357.76	Upgrade
Interest & Investment Income	294.52	372.58	349.91	254.5	86.66	149.23	Upgrade
Currency Exchange Gain (Loss)	-15.3	-63.61	57.48	32.46	13.1	-37.16	Upgrade
Other Non Operating Income (Expenses)	48.97	-40.64	-31.61	-28.12	-19.91	-21.74	Upgrade
EBT Excluding Unusual Items	1,456	1,112	935.82	-688.98	2,657	473	Upgrade
Gain (Loss) on Sale of Investments	-32.34	-6.19	40.06	-21.28	-1.36	-12.84	Upgrade
Gain (Loss) on Sale of Assets	0.08	0.6	-0.94	0.36	-4.42	-2.32	Upgrade
Asset Writedown	-125.85	-0.89	-0.81	1.66	-9.49	-4.44	Upgrade
Other Unusual Items	96.45	151.38	200.27	242.25	31.14	188.33	Upgrade
Pretax Income	1,395	1,257	1,174	-465.99	2,673	641.73	Upgrade
Income Tax Expense	189.24	156.54	88.25	-260.45	418.89	38.69	Upgrade
Earnings From Continuing Operations	1,205	1,100	1,086	-205.54	2,254	603.04	Upgrade
Minority Interest in Earnings	-0.38	0.1	-	-	-	-	Upgrade
Net Income	1,205	1,100	1,086	-205.54	2,254	603.04	Upgrade
Net Income to Common	1,205	1,100	1,086	-205.54	2,254	603.04	Upgrade
Net Income Growth	-0.54%	1.32%	-	-	273.77%	-55.43%	Upgrade
Shares Outstanding (Basic)	1,490	1,508	1,509	1,468	1,436	1,402	Upgrade
Shares Outstanding (Diluted)	1,506	1,508	1,509	1,468	1,445	1,402	Upgrade
Shares Change (YoY)	-0.62%	-0.07%	2.75%	1.61%	3.03%	12.98%	Upgrade
EPS (Basic)	0.81	0.73	0.72	-0.14	1.57	0.43	Upgrade
EPS (Diluted)	0.80	0.73	0.72	-0.14	1.56	0.43	Upgrade
EPS Growth	0.08%	1.39%	-	-	262.79%	-60.55%	Upgrade
Free Cash Flow	-1,210	-264.89	310.71	-2,191	-3,151	-2,860	Upgrade
Free Cash Flow Per Share	-0.80	-0.18	0.21	-1.49	-2.18	-2.04	Upgrade
Dividend Per Share	0.225	0.225	0.255	-	0.225	0.130	Upgrade
Dividend Growth	-11.77%	-11.77%	-	-	73.08%	-	Upgrade
Gross Margin	5.70%	5.44%	5.68%	3.35%	10.43%	4.87%	Upgrade
Operating Margin	2.67%	2.49%	2.30%	-0.32%	7.09%	2.00%	Upgrade
Profit Margin	1.74%	1.64%	1.77%	-0.40%	5.04%	1.63%	Upgrade
Free Cash Flow Margin	-1.75%	-0.40%	0.51%	-4.32%	-7.04%	-7.73%	Upgrade
EBITDA	5,051	4,641	4,254	2,362	5,439	2,456	Upgrade
EBITDA Margin	7.29%	6.92%	6.92%	4.65%	12.15%	6.64%	Upgrade
D&A For EBITDA	3,202	2,969	2,841	2,524	2,266	1,715	Upgrade
EBIT	1,848	1,672	1,413	-162.06	3,172	740.43	Upgrade
EBIT Margin	2.67%	2.49%	2.30%	-0.32%	7.09%	2.00%	Upgrade
Effective Tax Rate	13.57%	12.45%	7.51%	-	15.67%	6.03%	Upgrade
Revenue as Reported	69,309	67,091	61,469	50,787	44,770	36,984	Upgrade

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