Jiangxi Guotai Group Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,126	2,157	2,296	1,911	1,862
Other Revenue	234.25	197.41	244.56	241.39	126.5
Revenue	2,361	2,354	2,541	2,152	1,988
Revenue Growth (YoY)	0.26%	-7.34%	18.05%	8.27%	16.65%
Cost of Revenue	1,506	1,502	1,633	1,399	1,279
Gross Profit	854.86	852.57	908.02	753	709.39
Selling, General & Admin	381.73	371.85	361.18	299.78	281.08
Research & Development	132.8	131.15	138.15	116.78	104.11
Other Operating Expenses	6.37	4.78	7.28	1.51	5.49
Operating Expenses	533.63	504.62	543.09	446.86	403.83
Operating Income	321.23	347.95	364.93	306.15	305.57
Interest Expense	-16.27	-14.88	-14.21	-22.55	-32.08
Interest & Investment Income	9.22	14.91	26.76	28.41	21.78
Currency Exchange Gain (Loss)	0.02	0.06	0.19	-	-0
Other Non Operating Income (Expenses)	-7.57	-6.12	-2.18	-4.79	-0.45
EBT Excluding Unusual Items	306.64	341.93	375.49	307.22	294.81
Impairment of Goodwill	-23.57	-114.65	-	-120.5	-
Gain (Loss) on Sale of Investments	0.26	-	-0.91	0.34	0.59
Gain (Loss) on Sale of Assets	-1.71	-0.83	-0.93	1.15	-4.79
Asset Writedown	-5.01	-2.5	-	-0.62	-
Other Unusual Items	27.8	43.44	29.94	27.29	24.22
Pretax Income	304.4	267.39	403.58	214.89	314.83
Income Tax Expense	36.86	47.56	50.88	35.06	35.35
Earnings From Continuing Operations	267.54	219.83	352.7	179.83	279.48
Minority Interest in Earnings	-15.31	-39.09	-47.16	-36.14	-39.42
Net Income	252.22	180.75	305.54	143.68	240.06
Net Income to Common	252.22	180.75	305.54	143.68	240.06
Net Income Growth	39.55%	-40.84%	112.65%	-40.15%	24.17%
Shares Outstanding (Basic)	615	623	624	599	558
Shares Outstanding (Diluted)	615	623	624	599	558
Shares Change (YoY)	-1.30%	-0.05%	4.15%	7.24%	-1.82%
EPS (Basic)	0.41	0.29	0.49	0.24	0.43
EPS (Diluted)	0.41	0.29	0.49	0.24	0.43
EPS Growth	41.38%	-40.82%	104.17%	-44.19%	26.47%
Free Cash Flow	-242.02	-23.06	-29.76	146.65	162.89
Free Cash Flow Per Share	-0.39	-0.04	-0.05	0.24	0.29
Dividend Per Share	0.130	0.090	0.150	0.080	-
Dividend Growth	44.44%	-40.00%	87.50%	-	-
Gross Margin	36.21%	36.21%	35.73%	34.98%	35.68%
Operating Margin	13.61%	14.78%	14.36%	14.22%	15.37%
Profit Margin	10.69%	7.68%	12.02%	6.68%	12.07%
Free Cash Flow Margin	-10.25%	-0.98%	-1.17%	6.81%	8.19%
EBITDA	462.17	453.82	452.5	385.35	383.8
EBITDA Margin	19.58%	19.28%	17.81%	17.90%	19.30%
D&A For EBITDA	140.94	105.87	87.57	79.21	78.24
EBIT	321.23	347.95	364.93	306.15	305.57
EBIT Margin	13.61%	14.78%	14.36%	14.22%	15.37%
Effective Tax Rate	12.11%	17.79%	12.61%	16.31%	11.23%
Revenue as Reported	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.