JINHUI LIQUOR 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	Sep '26 Sep 30, 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	2,811	2,777	2,902	2,506	2,012	1,788
Other Revenue	141.03	141.03	119.36	41.66	-	-
Revenue	2,952	2,918	3,021	2,548	2,012	1,788
Revenue Growth	-1.56%	-3.40%	18.59%	26.64%	12.49%	3.33%
Cost of Revenue	1,158	1,078	1,187	959.39	751.48	652.33
Gross Profit	1,794	1,841	1,834	1,588	1,260	1,136
Selling, General & Admin	981.46	938.23	893.86	807.96	634.85	453.93
Research & Development	7.45	39.58	54.35	51.24	50.23	46.97
Other Operating Expenses	481.19	422.61	439.47	369.26	293.38	252.69
Operating Expenses	1,465	1,400	1,388	1,229	978.51	754.48
Operating Income	328.49	440.66	445.65	359.55	281.74	381.59
Interest Expense	-6.29	-3.59	-0.83	-1.17	-0.93	-1.62
Interest & Investment Income	9.18	13.51	20.48	21.79	13.74	9.08
Earnings From Equity Investments	-0.33	-0.41	-0.15	-	-	-
Other Non Operating Income (Expenses)	10.58	-1.03	0.5	-0.59	-0.99	-0.2
EBT Excluding Unusual Items	341.63	449.14	465.65	379.58	293.57	388.85
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.28
Gain (Loss) on Sale of Assets	-0.34	0.4	0.19	0.25	0.04	-0.78
Asset Writedown	-0.5	-0.18	-0.76	-0.83	-0.06	-
Other Unusual Items	-23.27	7.2	-0.05	0.71	9.33	2.3
Pretax Income	317.51	456.56	465.04	379.71	302.87	390.09
Income Tax Expense	121.18	119.38	84.56	57.12	23.67	65.42
Earnings From Continuing Operations	196.33	337.18	380.47	322.59	279.2	324.67
Minority Interest in Earnings	12.69	17.21	7.67	6.28	1.04	0.17
Net Income	209.02	354.39	388.15	328.86	280.24	324.84
Net Income to Common	209.02	354.39	388.15	328.86	280.24	324.84
Net Income Growth	-44.83%	-8.70%	18.03%	17.35%	-13.73%	-1.95%
Shares Outstanding (Basic)	509	506	504	506	510	508
Shares Outstanding (Diluted)	509	506	504	506	510	508
Shares Change	0.81%	0.43%	-0.37%	-0.70%	0.39%	-0.42%
EPS (Basic)	0.41	0.70	0.77	0.65	0.55	0.64
EPS (Diluted)	0.41	0.70	0.77	0.65	0.55	0.64
EPS Growth	-45.28%	-9.09%	18.46%	18.18%	-14.06%	-1.54%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	84.78	85.36	226.33	383.89	262.12	221.1
Free Cash Flow Per Share	0.17	0.17	0.45	0.76	0.51	0.44
Dividend Per Share	0.500	0.500	0.500	0.389	0.300	0.220
Dividend Growth	-28.57%	0%	28.54%	29.67%	36.36%	-8.33%
Gross Margin	60.76%	63.08%	60.70%	62.34%	62.64%	63.52%
Operating Margin	11.13%	15.10%	14.75%	14.11%	14.01%	21.34%
Profit Margin	7.08%	12.14%	12.85%	12.91%	13.93%	18.16%
Free Cash Flow Margin	2.87%	2.93%	7.49%	15.07%	13.03%	12.36%
EBITDA	440.25	552.86	558.47	469.19	387.75	485.88
EBITDA Margin	14.91%	18.94%	18.48%	18.42%	19.27%	27.17%
D&A For EBITDA	111.75	112.21	112.81	109.64	106	104.3
EBIT	328.49	440.66	445.65	359.55	281.74	381.59
EBIT Margin	11.13%	15.10%	14.75%	14.11%	14.01%	21.34%
Effective Tax Rate	38.16%	26.15%	18.18%	15.04%	7.81%	16.77%
Revenue as Reported	2,952	2,918	3,021	2,548	2,012	1,788
Advertising Expenses	-	278.64	297.39	267.28	206.53	109.21