Ganso Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,081	2,221	2,561	2,493	2,496
Other Revenue	-	92.42	98.45	94.35	88.5
Revenue	2,081	2,314	2,659	2,587	2,584
Revenue Growth (YoY)	-10.08%	-12.99%	2.78%	0.11%	12.20%
Cost of Revenue	790.29	858.98	1,025	1,057	998.12
Gross Profit	1,290	1,455	1,634	1,530	1,586
Selling, General & Admin	1,059	1,079	1,242	1,149	1,131
Research & Development	22.56	17.55	20.85	20.87	17.25
Other Operating Expenses	10.65	27.05	26.28	25.19	25.96
Operating Expenses	1,092	1,124	1,289	1,196	1,175
Operating Income	198.24	330.89	345.32	334.5	411.63
Interest Expense	-	-15.22	-16.2	-16.5	-16.13
Interest & Investment Income	24.68	11.82	10.1	4.08	8.96
Currency Exchange Gain (Loss)	-	2.73	0.08	5.03	-3.35
Other Non Operating Income (Expenses)	-19.09	-0.75	-0.6	-1.35	-0.96
EBT Excluding Unusual Items	203.83	329.47	338.7	325.76	400.15
Gain (Loss) on Sale of Investments	-4.57	11.7	12.88	7.31	5.87
Gain (Loss) on Sale of Assets	-1.45	-9.24	-5.05	-1.76	8.99
Asset Writedown	-12.01	-2.45	-1.97	-2.21	-1.87
Other Unusual Items	-	-8.74	9.07	14.92	15.9
Pretax Income	185.81	320.75	353.63	344.02	429.04
Income Tax Expense	46.24	71.99	77.31	77.62	89.2
Earnings From Continuing Operations	139.57	248.75	276.32	266.4	339.84
Minority Interest in Earnings	0.02	0	0.01	-0.03	0.01
Net Income	139.59	248.76	276.33	266.37	339.86
Net Income to Common	139.59	248.76	276.33	266.37	339.86
Net Income Growth	-43.88%	-9.98%	3.74%	-21.62%	13.27%
Shares Outstanding (Basic)	241	239	240	240	239
Shares Outstanding (Diluted)	241	239	240	240	239
Shares Change (YoY)	0.62%	-0.46%	0.13%	0.27%	-0.29%
EPS (Basic)	0.58	1.04	1.15	1.11	1.42
EPS (Diluted)	0.58	1.04	1.15	1.11	1.42
EPS Growth	-44.23%	-9.56%	3.60%	-21.83%	13.60%
Free Cash Flow	308.53	269.65	423.86	475.6	562.69
Free Cash Flow Per Share	1.28	1.13	1.76	1.98	2.35
Dividend Per Share	-	1.000	1.000	1.000	1.000
Gross Margin	62.02%	62.87%	61.46%	59.14%	61.38%
Operating Margin	9.53%	14.30%	12.99%	12.93%	15.93%
Profit Margin	6.71%	10.75%	10.39%	10.30%	13.15%
Free Cash Flow Margin	14.83%	11.65%	15.94%	18.38%	21.77%
EBITDA	234.72	368.34	388.36	377.35	453.07
EBITDA Margin	11.28%	15.92%	14.61%	14.59%	17.53%
D&A For EBITDA	36.47	37.45	43.04	42.84	41.44
EBIT	198.24	330.89	345.32	334.5	411.63
EBIT Margin	9.53%	14.30%	12.99%	12.93%	15.93%
Effective Tax Rate	24.88%	22.45%	21.86%	22.56%	20.79%
Revenue as Reported	-	2,314	2,659	2,587	2,584

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