Jiangxi Guotai Group Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,055	2,157	2,296	1,911	1,862	1,618
Other Revenue	197.41	197.41	244.56	241.39	126.5	86.6
Revenue	2,252	2,354	2,541	2,152	1,988	1,704
Revenue Growth (YoY)	-7.47%	-7.34%	18.05%	8.27%	16.65%	18.44%
Cost of Revenue	1,430	1,502	1,633	1,399	1,279	1,084
Gross Profit	821.96	852.57	908.02	753	709.39	620.56
Selling, General & Admin	370.46	371.85	361.18	299.78	281.08	251.55
Research & Development	126.54	131.15	138.15	116.78	104.11	90.22
Other Operating Expenses	19.95	4.78	7.28	1.51	5.49	7.1
Operating Expenses	526.3	504.62	543.09	446.86	403.83	359.29
Operating Income	295.66	347.95	364.93	306.15	305.57	261.28
Interest Expense	-11.31	-14.88	-14.21	-22.55	-32.08	-32.23
Interest & Investment Income	5.92	14.91	26.76	28.41	21.78	16.17
Currency Exchange Gain (Loss)	0.06	0.06	0.19	-	-0	-
Other Non Operating Income (Expenses)	-6.48	-6.12	-2.18	-4.79	-0.45	-1.45
EBT Excluding Unusual Items	283.85	341.93	375.49	307.22	294.81	243.77
Impairment of Goodwill	-114.65	-114.65	-	-120.5	-	-
Gain (Loss) on Sale of Investments	-2.4	-	-0.91	0.34	0.59	-
Gain (Loss) on Sale of Assets	-0.8	-0.83	-0.93	1.15	-4.79	-8.92
Asset Writedown	-2.5	-2.5	-	-0.62	-	-14.91
Other Unusual Items	43.44	43.44	29.94	27.29	24.22	28.15
Pretax Income	206.95	267.39	403.58	214.89	314.83	248.09
Income Tax Expense	45.67	47.56	50.88	35.06	35.35	27.09
Earnings From Continuing Operations	161.27	219.83	352.7	179.83	279.48	221
Minority Interest in Earnings	-9.06	-39.09	-47.16	-36.14	-39.42	-27.67
Net Income	152.21	180.75	305.54	143.68	240.06	193.34
Net Income to Common	152.21	180.75	305.54	143.68	240.06	193.34
Net Income Growth	-48.99%	-40.84%	112.65%	-40.15%	24.17%	34.64%
Shares Outstanding (Basic)	615	623	624	599	558	552
Shares Outstanding (Diluted)	615	623	624	599	558	569
Shares Change (YoY)	-1.13%	-0.05%	4.15%	7.24%	-1.82%	2.96%
EPS (Basic)	0.25	0.29	0.49	0.24	0.43	0.35
EPS (Diluted)	0.25	0.29	0.49	0.24	0.43	0.34
EPS Growth	-48.41%	-40.82%	104.17%	-44.19%	26.47%	30.77%
Free Cash Flow	-317.11	-23.06	-29.76	146.65	162.89	-35.65
Free Cash Flow Per Share	-0.52	-0.04	-0.05	0.24	0.29	-0.06
Dividend Per Share	0.090	0.090	0.150	0.080	-	0.100
Dividend Growth	-40.00%	-40.00%	87.50%	-	-	16.69%
Gross Margin	36.50%	36.21%	35.73%	34.98%	35.68%	36.41%
Operating Margin	13.13%	14.78%	14.36%	14.22%	15.37%	15.33%
Profit Margin	6.76%	7.68%	12.02%	6.68%	12.07%	11.34%
Free Cash Flow Margin	-14.08%	-0.98%	-1.17%	6.81%	8.19%	-2.09%
EBITDA	412.06	452	452.5	385.35	383.8	338.36
EBITDA Margin	18.30%	19.20%	17.81%	17.90%	19.30%	19.85%
D&A For EBITDA	116.4	104.04	87.57	79.21	78.24	77.08
EBIT	295.66	347.95	364.93	306.15	305.57	261.28
EBIT Margin	13.13%	14.78%	14.36%	14.22%	15.37%	15.33%
Effective Tax Rate	22.07%	17.79%	12.61%	16.31%	11.23%	10.92%
Revenue as Reported	2,252	2,354	2,541	2,152	1,988	1,704
Advertising Expenses	-	0.05	0.29	0.07	0.15	0.06

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.