Arashi Vision 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 2020	FY 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Operating Revenue	8,187	5,530	3,592	2,010	837.19	584.82
Other Revenue	43.92	43.92	44.35	31.38	12.72	3.02
Revenue	8,231	5,574	3,636	2,041	849.92	587.84
Revenue Growth (YoY)	126.34%	53.29%	78.16%	140.16%	44.58%	127.64%
Cost of Revenue	4,202	2,699	1,630	1,005	457.89	271.25
Gross Profit	4,029	2,875	2,006	1,036	392.03	316.59
Selling, General & Admin	1,721	1,079	642.75	375.99	145.6	122.61
Research & Development	1,384	776.59	447.68	256.01	97.46	57.1
Other Operating Expenses	23.12	29.07	15.57	16.2	0.6	0.71
Operating Expenses	3,143	1,895	1,110	649.63	245.24	180.8
Operating Income	885.56	980.12	896.02	386.27	146.78	135.78
Interest Expense	-0.96	-1.29	-0.98	-2.26	-	-
Interest & Investment Income	72.01	60.47	36.42	18.26	11.66	3.85
Currency Exchange Gain (Loss)	28.32	28.32	-1.83	27.52	-14.78	2.66
Other Non Operating Income (Expenses)	-52.8	-35.53	-21.58	-16.02	-7.32	-2.95
EBT Excluding Unusual Items	932.13	1,032	908.04	413.77	136.34	139.34
Gain (Loss) on Sale of Investments	4.22	1.72	-	-	-	-
Gain (Loss) on Sale of Assets	1.91	-	-	-	0	-
Asset Writedown	-17.82	-0.15	0.06	-0.04	-0.01	-
Legal Settlements	-0.45	-0.45	-0.45	-	-0.5	-
Other Unusual Items	25.41	25.41	25.02	19.08	-3.95	-66.71
Pretax Income	945.4	1,059	932.67	432.82	131.89	72.63
Income Tax Expense	0.74	63.86	103.1	25.49	11.47	16.35
Net Income	944.65	994.75	829.58	407.33	120.42	56.28
Net Income to Common	944.65	994.75	829.58	407.33	120.42	56.28
Net Income Growth	13.87%	19.91%	103.66%	238.26%	113.96%	207.76%
Shares Outstanding (Basic)	401	360	-	-	365	331
Shares Outstanding (Diluted)	401	360	-	-	365	331
Shares Change (YoY)	-	-	-	-	10.22%	171.55%
EPS (Basic)	2.36	2.76	-	-	0.33	0.17
EPS (Diluted)	2.36	2.76	-	-	0.33	0.17
EPS Growth	-	-	-	-	94.12%	13.33%
Free Cash Flow	917.75	1,022	645.07	397.89	2.68	124.23
Free Cash Flow Per Share	2.29	2.84	-	-	0.01	0.38
Gross Margin	48.95%	51.57%	55.17%	50.75%	46.13%	53.86%
Operating Margin	10.76%	17.58%	24.64%	18.92%	17.27%	23.10%
Profit Margin	11.48%	17.85%	22.81%	19.96%	14.17%	9.57%
Free Cash Flow Margin	11.15%	18.34%	17.74%	19.49%	0.32%	21.13%
EBITDA	923.77	1,009	912.92	399.02	152.41	136.88
EBITDA Margin	11.22%	18.11%	25.11%	19.55%	17.93%	23.29%
D&A For EBITDA	38.21	29.08	16.9	12.75	5.63	1.1
EBIT	885.56	980.12	896.02	386.27	146.78	135.78
EBIT Margin	10.76%	17.58%	24.64%	18.92%	17.27%	23.10%
Effective Tax Rate	0.08%	6.03%	11.05%	5.89%	8.70%	22.51%
Revenue as Reported	8,231	5,574	3,636	2,041	849.92	587.84

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