Gstarsoft 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	327.16	284.93	274.85	237.67	232.35
Other Revenue	4.93	4.11	3.27	3.08	3.85
Revenue	332.09	289.04	278.11	240.75	236.2
Revenue Growth (YoY)	14.89%	3.93%	15.52%	1.93%	27.07%
Cost of Revenue	24.9	23.49	24.36	20.19	18.16
Gross Profit	307.19	265.55	253.75	220.56	218.04
Selling, General & Admin	181.72	150.25	145.5	115.17	108.49
Research & Development	92.69	84.19	71.5	51.9	41.58
Other Operating Expenses	-6.51	-6.02	-7.3	-7.34	2.64
Operating Expenses	272.07	231.56	212.07	161.48	153.7
Operating Income	35.12	33.99	41.68	59.08	64.33
Interest Expense	-0.27	-0.09	-0.04	-0.05	-0.06
Interest & Investment Income	23.52	21.96	6.24	1.22	3.66
Currency Exchange Gain (Loss)	-4.89	0.75	1.27	2.63	-3.39
Other Non Operating Income (Expenses)	-0.67	-0.84	-0.26	-0.38	-0.24
EBT Excluding Unusual Items	52.81	55.77	48.89	62.51	64.29
Gain (Loss) on Sale of Investments	0.87	2.22	-0.3	-0.48	0.18
Gain (Loss) on Sale of Assets	-0.02	0.05	0.01	-	-
Asset Writedown	-0.01	-0.09	-	-	-
Other Unusual Items	1.51	3.97	4.52	3.34	11.12
Pretax Income	55.16	61.93	53.12	65.36	75.59
Income Tax Expense	4.33	-1.41	-1.02	3.12	5.49
Earnings From Continuing Operations	50.83	63.34	54.14	62.24	70.11
Minority Interest in Earnings	-0.03	-0.34	-	-	-
Net Income	50.8	63	54.14	62.24	70.11
Net Income to Common	50.8	63	54.14	62.24	70.11
Net Income Growth	-19.36%	16.37%	-13.02%	-11.22%	45.69%
Shares Outstanding (Basic)	65	66	57	49	49
Shares Outstanding (Diluted)	65	66	57	49	49
Shares Change (YoY)	-0.75%	15.15%	16.01%	-0.17%	2.26%
EPS (Basic)	0.78	0.96	0.95	1.27	1.42
EPS (Diluted)	0.78	0.96	0.95	1.27	1.42
EPS Growth	-18.75%	1.05%	-25.03%	-11.06%	42.47%
Free Cash Flow	82.37	63.59	65.68	40.28	48.38
Free Cash Flow Per Share	1.26	0.97	1.15	0.82	0.98
Dividend Per Share	0.600	0.700	0.685	-	-
Dividend Growth	-14.29%	2.21%	-	-	-
Gross Margin	92.50%	91.87%	91.24%	91.61%	92.31%
Operating Margin	10.58%	11.76%	14.99%	24.54%	27.24%
Profit Margin	15.30%	21.80%	19.47%	25.85%	29.68%
Free Cash Flow Margin	24.80%	22.00%	23.61%	16.73%	20.48%
EBITDA	41.58	36.86	44.02	61.12	65.73
EBITDA Margin	12.52%	12.75%	15.83%	25.39%	27.83%
D&A For EBITDA	6.46	2.87	2.35	2.04	1.4
EBIT	35.12	33.99	41.68	59.08	64.33
EBIT Margin	10.58%	11.76%	14.99%	24.54%	27.24%
Effective Tax Rate	7.85%	-	-	4.78%	7.26%
Revenue as Reported	332.09	289.04	278.11	240.75	236.2
Advertising Expenses	31.11	23.79	21.53	15.78	12.09

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.