Guangxi LiuYao 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	20,891	20,831	21,099	20,745	19,006	17,087
Other Revenue	95.31	95.31	83.9	66.46	47.06	47.91
Revenue	20,987	20,926	21,182	20,812	19,053	17,135
Revenue Growth (YoY)	1.26%	-1.21%	1.78%	9.23%	11.19%	9.36%
Cost of Revenue	18,711	18,634	18,799	18,370	16,900	15,218
Gross Profit	2,275	2,293	2,383	2,442	2,153	1,917
Selling, General & Admin	1,083	1,064	1,030	993.14	911.67	862.41
Research & Development	41.22	37.96	38.98	35.28	25.63	18.61
Other Operating Expenses	61.68	58.93	59	75.24	68.96	57.47
Operating Expenses	1,223	1,196	1,159	1,164	1,051	984.75
Operating Income	1,052	1,097	1,224	1,278	1,102	932.44
Interest Expense	-189.22	-200.58	-214.55	-223.28	-208.27	-165.19
Interest & Investment Income	27.91	29.02	36.93	57.08	87.56	35.32
Currency Exchange Gain (Loss)	-	-	-	-	0.06	-
Other Non Operating Income (Expenses)	-47.57	-45.5	-72.88	-84.59	-93.41	-62.23
EBT Excluding Unusual Items	842.8	879.85	973.65	1,027	887.66	740.34
Impairment of Goodwill	-14.2	-14.2	-	-	-	-
Gain (Loss) on Sale of Investments	-0.05	-0.05	-0.1	-0.71	-	-
Gain (Loss) on Sale of Assets	-0.45	-0.11	2.66	1.05	-0	-0.06
Asset Writedown	-	-	-	-1.2	-0.11	-
Other Unusual Items	4.45	4.45	26.92	17.45	2.86	14.4
Pretax Income	832.54	869.94	1,003	1,043	890.4	754.68
Income Tax Expense	164.24	149.41	135.6	136.78	131.43	113.6
Earnings From Continuing Operations	668.3	720.54	867.53	906.6	758.98	641.08
Minority Interest in Earnings	-11.59	-11.07	-12.66	-57.01	-57.46	-77.27
Net Income	656.72	709.46	854.87	849.59	701.52	563.82
Net Income to Common	656.72	709.46	854.87	849.59	701.52	563.82
Net Income Growth	-21.05%	-17.01%	0.62%	21.11%	24.42%	-20.78%
Shares Outstanding (Basic)	385	396	387	362	362	361
Shares Outstanding (Diluted)	385	396	387	362	362	361
Shares Change (YoY)	-2.62%	2.46%	7.00%	-0.02%	0.05%	-0.47%
EPS (Basic)	1.71	1.79	2.21	2.35	1.94	1.56
EPS (Diluted)	1.71	1.79	2.21	2.35	1.94	1.56
EPS Growth	-18.93%	-19.00%	-5.96%	21.13%	24.36%	-20.41%
Free Cash Flow	906.4	893.17	690.64	421.46	323.15	68.84
Free Cash Flow Per Share	2.35	2.25	1.78	1.17	0.89	0.19
Dividend Per Share	-	0.680	0.751	0.600	0.508	0.480
Dividend Growth	-	-9.45%	25.17%	18.11%	5.83%	-20.00%
Gross Margin	10.84%	10.96%	11.25%	11.73%	11.30%	11.19%
Operating Margin	5.01%	5.24%	5.78%	6.14%	5.78%	5.44%
Profit Margin	3.13%	3.39%	4.04%	4.08%	3.68%	3.29%
Free Cash Flow Margin	4.32%	4.27%	3.26%	2.02%	1.70%	0.40%
EBITDA	1,152	1,198	1,329	1,377	1,197	1,017
EBITDA Margin	5.49%	5.73%	6.27%	6.62%	6.28%	5.94%
D&A For EBITDA	100.15	101.03	104.52	99.33	94.88	85.05
EBIT	1,052	1,097	1,224	1,278	1,102	932.44
EBIT Margin	5.01%	5.24%	5.78%	6.14%	5.78%	5.44%
Effective Tax Rate	19.73%	17.17%	13.52%	13.11%	14.76%	15.05%
Revenue as Reported	20,987	20,926	21,182	20,812	19,053	17,135
Advertising Expenses	-	138.6	89.22	24.23	4.7	9.82

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