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	Jun '26 Jun 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	2,834	2,777	2,902	2,506	2,012	1,788
Other Revenue	141.03	141.03	119.36	41.66	-	-
Revenue	2,975	2,918	3,021	2,548	2,012	1,788
Revenue Growth	-1.72%	-3.40%	18.59%	26.64%	12.49%	3.33%
Cost of Revenue	1,153	1,078	1,187	959.39	751.48	652.33
Gross Profit	1,822	1,841	1,834	1,588	1,260	1,136
Selling, General & Admin	923.52	938.23	893.86	807.96	634.85	453.93
Research & Development	18.44	39.58	54.35	51.24	50.23	46.97
Other Operating Expenses	460.26	422.61	439.47	369.26	293.38	252.69
Operating Expenses	1,402	1,400	1,388	1,229	978.51	754.48
Operating Income	419.96	440.66	445.65	359.55	281.74	381.59
Interest Expense	-3.59	-3.59	-0.83	-1.17	-0.93	-1.62
Interest & Investment Income	13.51	13.51	20.48	21.79	13.74	9.08
Earnings From Equity Investments	-0.47	-0.41	-0.15	-	-	-
Other Non Operating Income (Expenses)	-23.03	-1.03	0.5	-0.59	-0.99	-0.2
EBT Excluding Unusual Items	406.38	449.14	465.65	379.58	293.57	388.85
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.28
Gain (Loss) on Sale of Assets	0.17	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	413.47	456.56	465.04	379.71	302.87	390.09
Income Tax Expense	160.26	119.38	84.56	57.12	23.67	65.42
Earnings From Continuing Operations	253.21	337.18	380.47	322.59	279.2	324.67
Minority Interest in Earnings	16.96	17.21	7.67	6.28	1.04	0.17
Net Income	270.17	354.39	388.15	328.86	280.24	324.84
Net Income to Common	270.17	354.39	388.15	328.86	280.24	324.84
Net Income Growth	-30.98%	-8.70%	18.03%	17.35%	-13.73%	-1.95%
Shares Outstanding (Basic)	508	506	504	506	510	508
Shares Outstanding (Diluted)	508	506	504	506	510	508
Shares Change	1.14%	0.43%	-0.37%	-0.70%	0.39%	-0.42%
EPS (Basic)	0.53	0.70	0.77	0.65	0.55	0.64
EPS (Diluted)	0.53	0.70	0.77	0.65	0.55	0.64
EPS Growth	-31.76%	-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	Jun '26 Jun 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	-16.87	85.36	226.33	383.89	262.12	221.1
Free Cash Flow Per Share	-0.03	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	61.25%	63.08%	60.70%	62.34%	62.64%	63.52%
Operating Margin	14.12%	15.10%	14.75%	14.11%	14.01%	21.34%
Profit Margin	9.08%	12.14%	12.85%	12.91%	13.93%	18.16%
Free Cash Flow Margin	-0.57%	2.93%	7.49%	15.07%	13.03%	12.36%
EBITDA	541.67	552.86	558.47	469.19	387.75	485.88
EBITDA Margin	18.21%	18.94%	18.48%	18.42%	19.27%	27.17%
D&A For EBITDA	121.7	112.21	112.81	109.64	106	104.3
EBIT	419.96	440.66	445.65	359.55	281.74	381.59
EBIT Margin	14.12%	15.10%	14.75%	14.11%	14.01%	21.34%
Effective Tax Rate	38.76%	26.15%	18.18%	15.04%	7.81%	16.77%
Revenue as Reported	2,918	2,918	3,021	2,548	2,012	1,788
Advertising Expenses	-	278.64	297.39	267.28	206.53	109.21