JINHUI LIQUOR 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	2,777	2,902	2,506	2,012	1,788
Other Revenue	141.03	119.36	41.66	-	-
Revenue	2,918	3,021	2,548	2,012	1,788
Revenue Growth (YoY)	-3.40%	18.59%	26.64%	12.49%	3.33%
Cost of Revenue	1,078	1,187	959.39	751.48	652.33
Gross Profit	1,841	1,834	1,588	1,260	1,136
Selling, General & Admin	938.23	893.86	807.96	634.85	453.93
Research & Development	39.58	54.35	51.24	50.23	46.97
Other Operating Expenses	422.61	439.47	369.26	293.38	252.69
Operating Expenses	1,400	1,388	1,229	978.51	754.48
Operating Income	440.66	445.65	359.55	281.74	381.59
Interest Expense	-3.59	-0.83	-1.17	-0.93	-1.62
Interest & Investment Income	13.51	20.48	21.79	13.74	9.08
Earnings From Equity Investments	-0.41	-0.15	-	-	-
Other Non Operating Income (Expenses)	-1.03	0.5	-0.59	-0.99	-0.2
EBT Excluding Unusual Items	449.14	465.65	379.58	293.57	388.85
Gain (Loss) on Sale of Investments	-	-	-	-	-0.28
Gain (Loss) on Sale of Assets	0.4	0.19	0.25	0.04	-0.78
Asset Writedown	-0.18	-0.76	-0.83	-0.06	-
Other Unusual Items	7.2	-0.05	0.71	9.33	2.3
Pretax Income	456.56	465.04	379.71	302.87	390.09
Income Tax Expense	119.38	84.56	57.12	23.67	65.42
Earnings From Continuing Operations	337.18	380.47	322.59	279.2	324.67
Minority Interest in Earnings	17.21	7.67	6.28	1.04	0.17
Net Income	354.39	388.15	328.86	280.24	324.84
Net Income to Common	354.39	388.15	328.86	280.24	324.84
Net Income Growth	-8.70%	18.03%	17.35%	-13.73%	-1.95%
Shares Outstanding (Basic)	506	504	506	510	508
Shares Outstanding (Diluted)	506	504	506	510	508
Shares Change (YoY)	0.43%	-0.37%	-0.70%	0.39%	-0.42%
EPS (Basic)	0.70	0.77	0.65	0.55	0.64
EPS (Diluted)	0.70	0.77	0.65	0.55	0.64
EPS Growth	-9.09%	18.46%	18.18%	-14.06%	-1.54%
Free Cash Flow	85.36	226.33	383.89	262.12	221.1
Free Cash Flow Per Share	0.17	0.45	0.76	0.51	0.44
Dividend Per Share	0.500	0.500	0.389	0.300	0.220
Dividend Growth	-	28.54%	29.67%	36.36%	-8.33%
Gross Margin	63.08%	60.70%	62.34%	62.64%	63.52%
Operating Margin	15.10%	14.75%	14.11%	14.01%	21.34%
Profit Margin	12.14%	12.85%	12.91%	13.93%	18.16%
Free Cash Flow Margin	2.93%	7.49%	15.07%	13.03%	12.36%
EBITDA	552.86	558.47	469.19	387.75	485.88
EBITDA Margin	18.94%	18.48%	18.42%	19.27%	27.17%
D&A For EBITDA	112.21	112.81	109.64	106	104.3
EBIT	440.66	445.65	359.55	281.74	381.59
EBIT Margin	15.10%	14.75%	14.11%	14.01%	21.34%
Effective Tax Rate	26.15%	18.18%	15.04%	7.81%	16.77%
Revenue as Reported	2,918	3,021	2,548	2,012	1,788
Advertising Expenses	278.64	297.39	267.28	206.53	109.21

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.