SHA:900929 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	881.24	805.22	636.74	173.09	258.09
Other Revenue	22.54	26.41	33.03	26.53	37.01
Revenue	903.79	831.63	669.77	199.63	295.09
Revenue Growth (YoY)	8.68%	24.17%	235.51%	-32.35%	-2.64%
Cost of Revenue	774.67	723.92	578.4	163.19	241.55
Gross Profit	129.12	107.71	91.36	36.44	53.54
Selling, General & Admin	130.9	76.65	103.05	146.12	88.47
Other Operating Expenses	4.22	4.34	4.09	2.46	4.17
Operating Expenses	136.36	82.85	108.33	149.53	92.67
Operating Income	-7.24	24.86	-16.97	-113.09	-39.13
Interest Expense	-0.78	-1.01	-0.12	-2.93	-3.67
Interest & Investment Income	54.44	37.31	36.95	36.11	38.45
Currency Exchange Gain (Loss)	-1.32	-1.3	-0.74	0.72	-0.66
Other Non Operating Income (Expenses)	-1.4	-1.3	-0.78	-0.27	-1.09
EBT Excluding Unusual Items	43.7	58.57	18.33	-79.46	-6.11
Gain (Loss) on Sale of Investments	-	-	-	-	-0
Gain (Loss) on Sale of Assets	-0.09	1.4	-0.04	-	-0.07
Asset Writedown	-	-	-0.07	-	-
Other Unusual Items	1.99	2.48	4.02	2.78	4.57
Pretax Income	45.59	62.45	22.24	-76.69	-1.62
Income Tax Expense	2.24	-3.85	-0.37	0.95	1.31
Earnings From Continuing Operations	43.35	66.3	22.61	-77.63	-2.93
Minority Interest in Earnings	0.63	0.33	0.4	0.98	4.34
Net Income	43.98	66.63	23.01	-76.65	1.41
Net Income to Common	43.98	66.63	23.01	-76.65	1.41
Net Income Growth	-34.00%	189.56%	-	-	-74.26%
Shares Outstanding (Basic)	133	133	133	133	133
Shares Outstanding (Diluted)	133	133	133	133	133
Shares Change (YoY)	-	-	-	-0.16%	0.27%
EPS (Basic)	0.33	0.50	0.17	-0.58	0.01
EPS (Diluted)	0.33	0.50	0.17	-0.58	0.01
EPS Growth	-34.00%	189.56%	-	-	-74.33%
Free Cash Flow	-15.08	-63.45	-37.09	-97.16	-37.91
Free Cash Flow Per Share	-0.11	-0.48	-0.28	-0.73	-0.29
Dividend Per Share	0.100	0.151	0.053	0.005	0.005
Dividend Growth	-34.04%	184.91%	960.00%	-	-62.12%
Gross Margin	14.29%	12.95%	13.64%	18.25%	18.14%
Operating Margin	-0.80%	2.99%	-2.53%	-56.65%	-13.26%
Profit Margin	4.87%	8.01%	3.44%	-38.40%	0.48%
Free Cash Flow Margin	-1.67%	-7.63%	-5.54%	-48.67%	-12.85%
EBITDA	-1.4	30.68	-11.13	-106.99	-32.78
EBITDA Margin	-0.15%	3.69%	-1.66%	-53.59%	-11.11%
D&A For EBITDA	5.84	5.82	5.83	6.1	6.36
EBIT	-7.24	24.86	-16.97	-113.09	-39.13
EBIT Margin	-0.80%	2.99%	-2.53%	-56.65%	-13.26%
Effective Tax Rate	4.92%	-	-	-	-
Revenue as Reported	903.79	831.63	669.77	199.63	295.09
Advertising Expenses	1.79	2.03	0.31	0.47	0.53

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