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 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	2,142	2,126	2,157	2,296	1,911	1,862
Other Revenue	234.25	234.25	197.41	244.56	241.39	126.5
Revenue	2,377	2,361	2,354	2,541	2,152	1,988
Revenue Growth (YoY)	1.20%	0.26%	-7.34%	18.05%	8.27%	16.65%
Cost of Revenue	1,524	1,506	1,502	1,633	1,399	1,279
Gross Profit	852.71	854.86	852.57	908.02	753	709.39
Selling, General & Admin	388.98	381.73	371.85	361.18	299.78	281.08
Research & Development	140	132.8	131.15	138.15	116.78	104.11
Other Operating Expenses	5	6.37	4.78	7.28	1.51	5.49
Operating Expenses	546.71	533.63	504.62	543.09	446.86	403.83
Operating Income	306	321.23	347.95	364.93	306.15	305.57
Interest Expense	-16.27	-16.27	-14.88	-14.21	-22.55	-32.08
Interest & Investment Income	9.22	9.22	14.91	26.76	28.41	21.78
Currency Exchange Gain (Loss)	0.02	0.02	0.06	0.19	-	-0
Other Non Operating Income (Expenses)	-2.18	-7.57	-6.12	-2.18	-4.79	-0.45
EBT Excluding Unusual Items	296.79	306.64	341.93	375.49	307.22	294.81
Impairment of Goodwill	-23.57	-23.57	-114.65	-	-120.5	-
Gain (Loss) on Sale of Investments	4.19	0.26	-	-0.91	0.34	0.59
Gain (Loss) on Sale of Assets	-1.7	-1.71	-0.83	-0.93	1.15	-4.79
Asset Writedown	-5.01	-5.01	-2.5	-	-0.62	-
Other Unusual Items	27.8	27.8	43.44	29.94	27.29	24.22
Pretax Income	298.5	304.4	267.39	403.58	214.89	314.83
Income Tax Expense	34.33	36.86	47.56	50.88	35.06	35.35
Earnings From Continuing Operations	264.17	267.54	219.83	352.7	179.83	279.48
Minority Interest in Earnings	-15.1	-15.31	-39.09	-47.16	-36.14	-39.42
Net Income	249.07	252.22	180.75	305.54	143.68	240.06
Net Income to Common	249.07	252.22	180.75	305.54	143.68	240.06
Net Income Growth	40.81%	39.55%	-40.84%	112.65%	-40.15%	24.17%
Shares Outstanding (Basic)	628	615	623	624	599	558
Shares Outstanding (Diluted)	628	615	623	624	599	558
Shares Change (YoY)	-0.43%	-1.30%	-0.05%	4.15%	7.24%	-1.82%
EPS (Basic)	0.40	0.41	0.29	0.49	0.24	0.43
EPS (Diluted)	0.40	0.41	0.29	0.49	0.24	0.43
EPS Growth	41.42%	41.38%	-40.82%	104.17%	-44.19%	26.47%
Free Cash Flow	-487.43	-242.02	-23.06	-29.76	146.65	162.89
Free Cash Flow Per Share	-0.78	-0.39	-0.04	-0.05	0.24	0.29
Dividend Per Share	0.130	0.130	0.090	0.150	0.080	-
Dividend Growth	44.44%	44.44%	-40.00%	87.50%	-	-
Gross Margin	35.88%	36.21%	36.21%	35.73%	34.98%	35.68%
Operating Margin	12.88%	13.61%	14.78%	14.36%	14.22%	15.37%
Profit Margin	10.48%	10.69%	7.68%	12.02%	6.68%	12.07%
Free Cash Flow Margin	-20.51%	-10.25%	-0.98%	-1.17%	6.81%	8.19%
EBITDA	455.71	462.17	453.82	452.5	385.35	383.8
EBITDA Margin	19.18%	19.58%	19.28%	17.81%	17.90%	19.30%
D&A For EBITDA	149.71	140.94	105.87	87.57	79.21	78.24
EBIT	306	321.23	347.95	364.93	306.15	305.57
EBIT Margin	12.88%	13.61%	14.78%	14.36%	14.22%	15.37%
Effective Tax Rate	11.50%	12.11%	17.79%	12.61%	16.31%	11.23%
Revenue as Reported	2,361	2,361	2,354	2,541	2,152	1,988
Advertising Expenses	-	0.07	0.05	0.29	0.07	0.15

Source: S&P Global Market Intelligence. Standard template. Financial Sources.