Dazzle Fashion 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	2,162	2,132	2,214	2,644	2,394	2,893
Other Revenue	3.96	3.96	5.23	4.46	6.64	4.35
Revenue	2,166	2,136	2,219	2,649	2,400	2,898
Revenue Growth (YoY)	0.26%	-3.72%	-16.23%	10.35%	-17.16%	13.00%
Cost of Revenue	621.67	620.41	637.77	735.6	642.43	727.88
Gross Profit	1,544	1,516	1,581	1,913	1,758	2,170
Selling, General & Admin	1,155	1,144	1,209	1,261	1,211	1,253
Research & Development	94.43	86.18	82.1	83.6	71.34	64.61
Other Operating Expenses	16.41	22.37	21.13	25.72	23.9	29.2
Operating Expenses	1,266	1,253	1,312	1,371	1,307	1,346
Operating Income	278.59	263.26	268.79	542.05	451.38	823.48
Interest Expense	-7.75	-7.75	-8.1	-11.52	-12.41	-13.65
Interest & Investment Income	45.55	45.52	55.69	70.36	63.26	107.61
Currency Exchange Gain (Loss)	-3.47	-3.47	-0.75	-0.21	3.04	-3.36
Other Non Operating Income (Expenses)	9.57	-1.88	-3.03	-3.04	-2.57	-3.06
EBT Excluding Unusual Items	322.49	295.68	312.6	597.64	502.7	911.02
Gain (Loss) on Sale of Investments	-10.38	-9.08	35.97	-3.02	-64.51	-26.58
Gain (Loss) on Sale of Assets	5.78	5.76	0.97	0.14	0.19	0.19
Asset Writedown	-4.11	-0.16	-0.12	-0.02	-0.02	-
Legal Settlements	-2	-2	-	-	-	-
Other Unusual Items	42.86	42.86	54.2	71.25	60.05	25.74
Pretax Income	354.64	333.06	403.68	665.98	498.41	910.37
Income Tax Expense	76.18	72.63	100.17	172.36	113.69	220.88
Earnings From Continuing Operations	278.46	260.42	303.51	493.62	384.72	689.48
Minority Interest in Earnings	-	-	-	0.02	-0	-0
Net Income	278.46	260.42	303.51	493.63	384.72	689.48
Net Income to Common	278.46	260.42	303.51	493.63	384.72	689.48
Net Income Growth	0.89%	-14.19%	-38.52%	28.31%	-44.20%	9.47%
Shares Outstanding (Basic)	465	465	467	475	475	479
Shares Outstanding (Diluted)	465	465	467	475	475	479
Shares Change (YoY)	0.58%	-0.40%	-1.63%	-0.07%	-0.80%	-0.42%
EPS (Basic)	0.60	0.56	0.65	1.04	0.81	1.44
EPS (Diluted)	0.60	0.56	0.65	1.04	0.81	1.44
EPS Growth	0.30%	-13.85%	-37.50%	28.39%	-43.75%	9.92%
Free Cash Flow	558.04	458.37	348.44	654.1	467.1	832.82
Free Cash Flow Per Share	1.20	0.99	0.75	1.38	0.98	1.74
Dividend Per Share	0.400	0.400	0.500	0.800	0.700	1.000
Dividend Growth	-20.00%	-20.00%	-37.50%	14.29%	-30.00%	25.00%
Gross Margin	71.30%	70.96%	71.26%	72.23%	73.24%	74.88%
Operating Margin	12.86%	12.32%	12.11%	20.46%	18.80%	28.42%
Profit Margin	12.86%	12.19%	13.68%	18.64%	16.03%	23.79%
Free Cash Flow Margin	25.77%	21.46%	15.70%	24.69%	19.46%	28.74%
EBITDA	317.58	302.81	310.61	584.63	494.53	866.88
EBITDA Margin	14.66%	14.17%	14.00%	22.07%	20.60%	29.92%
D&A For EBITDA	38.98	39.55	41.81	42.58	43.15	43.4
EBIT	278.59	263.26	268.79	542.05	451.38	823.48
EBIT Margin	12.86%	12.32%	12.11%	20.46%	18.80%	28.42%
Effective Tax Rate	21.48%	21.81%	24.81%	25.88%	22.81%	24.26%
Revenue as Reported	2,136	2,136	2,219	2,649	2,400	2,898
Advertising Expenses	-	122.91	136.14	159.83	169.47	146.2

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