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	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	2,761	2,777	2,902	2,506	2,012	1,788
Other Revenue	141.03	141.03	119.36	41.66	-	-
Revenue	2,902	2,918	3,021	2,548	2,012	1,788
Revenue Growth	-4.97%	-3.40%	18.59%	26.64%	12.49%	3.33%
Cost of Revenue	1,115	1,078	1,187	959.39	751.48	652.33
Gross Profit	1,787	1,841	1,834	1,588	1,260	1,136
Selling, General & Admin	910.91	938.23	893.86	807.96	634.85	453.93
Research & Development	30.38	39.58	54.35	51.24	50.23	46.97
Other Operating Expenses	424.65	422.61	439.47	369.26	293.38	252.69
Operating Expenses	1,366	1,400	1,388	1,229	978.51	754.48
Operating Income	421.41	440.66	445.65	359.55	281.74	381.59
Interest Expense	-4.86	-3.59	-0.83	-1.17	-0.93	-1.62
Interest & Investment Income	12.43	13.51	20.48	21.79	13.74	9.08
Earnings From Equity Investments	-0.35	-0.41	-0.15	-	-	-
Other Non Operating Income (Expenses)	-2.89	-1.03	0.5	-0.59	-0.99	-0.2
EBT Excluding Unusual Items	425.73	449.14	465.65	379.58	293.57	388.85
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.28
Gain (Loss) on Sale of Assets	0.18	0.4	0.19	0.25	0.04	-0.78
Asset Writedown	-0.28	-0.18	-0.76	-0.83	-0.06	-
Other Unusual Items	7.2	7.2	-0.05	0.71	9.33	2.3
Pretax Income	432.84	456.56	465.04	379.71	302.87	390.09
Income Tax Expense	127.17	119.38	84.56	57.12	23.67	65.42
Earnings From Continuing Operations	305.67	337.18	380.47	322.59	279.2	324.67
Minority Interest in Earnings	19.48	17.21	7.67	6.28	1.04	0.17
Net Income	325.15	354.39	388.15	328.86	280.24	324.84
Net Income to Common	325.15	354.39	388.15	328.86	280.24	324.84
Net Income Growth	-18.90%	-8.70%	18.03%	17.35%	-13.73%	-1.95%
Shares Outstanding (Basic)	510	506	504	506	510	508
Shares Outstanding (Diluted)	510	506	504	506	510	508
Shares Change	1.37%	0.43%	-0.37%	-0.70%	0.39%	-0.42%
EPS (Basic)	0.64	0.70	0.77	0.65	0.55	0.64
EPS (Diluted)	0.64	0.70	0.77	0.65	0.55	0.64
EPS Growth	-19.99%	-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	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
Free Cash Flow	45.14	85.36	226.33	383.89	262.12	221.1
Free Cash Flow Per Share	0.09	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	0%	0%	28.54%	29.67%	36.36%	-8.33%
Gross Margin	61.58%	63.08%	60.70%	62.34%	62.64%	63.52%
Operating Margin	14.52%	15.10%	14.75%	14.11%	14.01%	21.34%
Profit Margin	11.20%	12.14%	12.85%	12.91%	13.93%	18.16%
Free Cash Flow Margin	1.55%	2.93%	7.49%	15.07%	13.03%	12.36%
EBITDA	533.46	552.86	558.47	469.19	387.75	485.88
EBITDA Margin	18.38%	18.94%	18.48%	18.42%	19.27%	27.17%
D&A For EBITDA	112.06	112.21	112.81	109.64	106	104.3
EBIT	421.41	440.66	445.65	359.55	281.74	381.59
EBIT Margin	14.52%	15.10%	14.75%	14.11%	14.01%	21.34%
Effective Tax Rate	29.38%	26.15%	18.18%	15.04%	7.81%	16.77%
Revenue as Reported	2,902	2,918	3,021	2,548	2,012	1,788
Advertising Expenses	-	278.64	297.39	267.28	206.53	109.21