TSI 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
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
Operating Revenue	1,068	1,093	999.14	889.77	945.33
Other Revenue	-	-	2.72	2.12	1.91
Revenue	1,068	1,093	1,002	891.89	947.24
Revenue Growth (YoY)	2.71%	9.10%	12.33%	-5.84%	-
Cost of Revenue	618.76	628.38	568.45	507.43	582.9
Gross Profit	449.37	464.67	433.41	384.46	364.34
Selling, General & Admin	236.1	237.75	184.09	163.4	148.54
Research & Development	55.55	52.49	49.73	43.03	42.42
Other Operating Expenses	4.43	5.48	5.17	5	4.31
Operating Expenses	296.07	295.73	239.33	212.99	194.48
Operating Income	153.29	168.94	194.07	171.48	169.86
Interest Expense	-	-	-2.22	-2.05	-4.69
Interest & Investment Income	5.5	3.4	3.83	2.39	1.98
Currency Exchange Gain (Loss)	-	-	3.41	7.24	4.67
Other Non Operating Income (Expenses)	-27.18	-18.92	-1.07	-1.53	-1.23
EBT Excluding Unusual Items	131.61	153.42	198.02	177.53	170.59
Gain (Loss) on Sale of Investments	0.18	0.49	-0.01	0.56	-0.05
Gain (Loss) on Sale of Assets	0.39	0.47	-0.41	0.16	-0
Asset Writedown	-2.19	-1.88	-0.07	-0.11	-5.4
Other Unusual Items	-	-	2.53	6.53	3.13
Pretax Income	129.99	152.5	200.06	184.68	168.27
Income Tax Expense	14.57	17.66	24.72	24.17	24.66
Earnings From Continuing Operations	115.43	134.85	175.34	160.51	143.61
Minority Interest in Earnings	-1.41	-1.15	-0.9	-0.49	-1.54
Net Income	114.02	133.69	174.44	160.02	142.07
Net Income to Common	114.02	133.69	174.44	160.02	142.07
Net Income Growth	-35.34%	-23.36%	9.02%	12.63%	-
Shares Outstanding (Basic)	378	371	349	348	347
Shares Outstanding (Diluted)	378	371	349	348	347
Shares Change (YoY)	8.31%	6.44%	0.29%	0.39%	-
EPS (Basic)	0.30	0.36	0.50	0.46	0.41
EPS (Diluted)	0.30	0.36	0.50	0.46	0.41
EPS Growth	-40.30%	-28.00%	8.70%	12.20%	-
Free Cash Flow	-34.9	-35.13	119.51	116.62	101.97
Free Cash Flow Per Share	-0.09	-0.10	0.34	0.34	0.29
Gross Margin	42.07%	42.51%	43.26%	43.11%	38.46%
Operating Margin	14.35%	15.46%	19.37%	19.23%	17.93%
Profit Margin	10.67%	12.23%	17.41%	17.94%	15.00%
Free Cash Flow Margin	-3.27%	-3.21%	11.93%	13.08%	10.76%
EBITDA	194.75	210.99	238.52	207.37	200
EBITDA Margin	18.23%	19.30%	23.81%	23.25%	21.11%
D&A For EBITDA	41.46	42.06	44.44	35.89	30.14
EBIT	153.29	168.94	194.07	171.48	169.86
EBIT Margin	14.35%	15.46%	19.37%	19.23%	17.93%
Effective Tax Rate	11.21%	11.58%	12.35%	13.09%	14.66%
Revenue as Reported	-	-	1,002	891.89	947.24

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