Friend Co.,Ltd. (SHA:605050)

Friend Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	11,662	11,270	9,760	10,336	9,948	6,685
Other Revenue	8.28	8.28	1.89	6.43	4.85	3.84
Revenue	11,670	11,278	9,762	10,342	9,953	6,689
Revenue Growth (YoY)	9.73%	15.54%	-5.61%	3.91%	48.80%	22.04%
Cost of Revenue	10,997	10,708	9,092	9,842	9,411	6,214
Gross Profit	673.3	570.25	670.36	500.77	542.19	474.81
Selling, General & Admin	122.78	112.99	99.3	81.72	86.6	70.81
Research & Development	6.08	5.29	3.15	1.88	1.1	1.48
Other Operating Expenses	58.69	27.05	18.29	15.96	12.24	10.88
Operating Expenses	198.29	164.49	121.73	104.1	110.25	92.38
Operating Income	475.01	405.76	548.63	396.67	431.94	382.44
Interest Expense	-5.97	-8.34	-5.03	-2.56	-15.71	-13.38
Interest & Investment Income	12.86	9.84	15.26	13.55	12.77	10.08
Currency Exchange Gain (Loss)	-0.14	-0.14	0	0	0	-0
Other Non Operating Income (Expenses)	-2.34	-3.2	-3.32	-2.63	-2.89	-2.05
EBT Excluding Unusual Items	479.41	403.92	555.55	405.04	426.1	377.09
Gain (Loss) on Sale of Investments	-23.04	-26.25	-12.9	-24.32	-	-
Gain (Loss) on Sale of Assets	10.09	8.24	0.41	0.08	-0.07	0.26
Asset Writedown	-19.59	-	-	-	-	-
Other Unusual Items	55.01	48.51	23.35	31.17	28.93	38.8
Pretax Income	501.88	434.41	566.42	411.97	454.96	416.15
Income Tax Expense	125.14	107.23	140.92	102.49	114.36	103.14
Earnings From Continuing Operations	376.74	327.18	425.5	309.48	340.6	313.01
Minority Interest in Earnings	-18.83	-10.47	-8.16	-4.53	-1.93	-6.07
Net Income	357.91	316.71	417.34	304.96	338.67	306.94
Net Income to Common	357.91	316.71	417.34	304.96	338.67	306.94
Net Income Growth	9.99%	-24.11%	36.85%	-9.96%	10.34%	9.95%
Shares Outstanding (Basic)	498	495	491	436	434	379
Shares Outstanding (Diluted)	498	495	491	436	434	379
Shares Change (YoY)	0.88%	0.79%	12.70%	0.34%	14.58%	5.88%
EPS (Basic)	0.72	0.64	0.85	0.70	0.78	0.81
EPS (Diluted)	0.72	0.64	0.85	0.70	0.78	0.81
EPS Growth	9.03%	-24.71%	21.43%	-10.26%	-3.70%	3.85%
Free Cash Flow	-728.28	-385.41	-830.28	-184.8	-77.98	14.96
Free Cash Flow Per Share	-1.46	-0.78	-1.69	-0.42	-0.18	0.04
Dividend Per Share	0.150	0.350	0.430	0.300	0.360	0.220
Dividend Growth	-76.19%	-18.61%	43.33%	-16.67%	63.64%	-
Gross Margin	5.77%	5.06%	6.87%	4.84%	5.45%	7.10%
Operating Margin	4.07%	3.60%	5.62%	3.84%	4.34%	5.72%
Profit Margin	3.07%	2.81%	4.28%	2.95%	3.40%	4.59%
Free Cash Flow Margin	-6.24%	-3.42%	-8.51%	-1.79%	-0.78%	0.22%
EBITDA	562.78	477.57	599.15	444.03	477.26	411.01
EBITDA Margin	4.82%	4.23%	6.14%	4.29%	4.79%	6.14%
D&A For EBITDA	87.77	71.81	50.52	47.37	45.32	28.58
EBIT	475.01	405.76	548.63	396.67	431.94	382.44
EBIT Margin	4.07%	3.60%	5.62%	3.84%	4.34%	5.72%
Effective Tax Rate	24.93%	24.68%	24.88%	24.88%	25.14%	24.78%
Revenue as Reported	11,670	11,278	9,762	10,342	9,953	6,689

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