CSG Holding Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	13,493	13,572	15,352	17,974	14,945	13,539
Other Revenue	147.16	147.16	103.83	220.6	253.89	133.24
Revenue	13,640	13,719	15,455	18,195	15,199	13,672
Revenue Growth (YoY)	-6.42%	-11.24%	-15.06%	19.71%	11.16%	28.12%
Cost of Revenue	11,802	11,801	12,996	14,178	11,035	8,901
Gross Profit	1,838	1,918	2,460	4,017	4,164	4,772
Selling, General & Admin	1,029	1,035	1,080	1,174	1,033	1,023
Research & Development	516.45	519.33	611.5	739.3	644.15	511.74
Other Operating Expenses	138.81	103.89	44.4	93.14	135.86	146.7
Operating Expenses	1,708	1,656	1,715	2,026	1,857	1,766
Operating Income	130.11	262.48	744.83	1,991	2,306	3,006
Interest Expense	-248.37	-247.13	-240.39	-228.16	-212.72	-188.86
Interest & Investment Income	35.75	40.28	55.33	72.61	103.32	59.55
Currency Exchange Gain (Loss)	-1.06	-1.06	8.85	0.93	-3.47	-2.72
Other Non Operating Income (Expenses)	30.48	42.06	-5.98	12.48	2.33	-51.32
EBT Excluding Unusual Items	-53.1	96.63	562.64	1,849	2,196	2,823
Impairment of Goodwill	-5.55	-5.55	-	-	-122.25	-103.23
Gain (Loss) on Sale of Investments	-16.15	-20.14	-2.1	-6.61	-	-
Gain (Loss) on Sale of Assets	21.59	22.46	43.72	-0.55	15.21	-1.49
Asset Writedown	-166.29	-166.29	-456.12	-329.95	-7.75	-873.99
Other Unusual Items	185.75	170.09	142.69	116.67	188.76	69.67
Pretax Income	-31.88	99.08	290.91	1,632	2,279	1,914
Income Tax Expense	-24.55	-6.26	43.31	85.76	235.49	355.98
Earnings From Continuing Operations	-7.34	105.33	247.6	1,546	2,043	1,558
Minority Interest in Earnings	18.49	20.33	19.17	109.18	-6.18	-31.71
Net Income	11.16	125.67	266.77	1,656	2,037	1,526
Net Income to Common	11.16	125.67	266.77	1,656	2,037	1,526
Net Income Growth	-	-52.89%	-83.89%	-18.73%	33.47%	95.86%
Shares Outstanding (Basic)	3,170	3,142	2,964	3,066	3,087	3,053
Shares Outstanding (Diluted)	3,170	3,142	2,964	3,066	3,087	3,053
Shares Change (YoY)	5.04%	5.99%	-3.32%	-0.67%	1.11%	-0.58%
EPS (Basic)	0.00	0.04	0.09	0.54	0.66	0.50
EPS (Diluted)	0.00	0.04	0.09	0.54	0.66	0.50
EPS Growth	-	-55.56%	-83.33%	-18.18%	32.00%	100.00%
Free Cash Flow	178.16	123.27	-581.53	-1,508	-1,460	2,078
Free Cash Flow Per Share	0.06	0.04	-0.20	-0.49	-0.47	0.68
Dividend Per Share	0.020	0.020	0.070	0.250	0.150	0.200
Dividend Growth	-71.43%	-71.43%	-72.00%	66.67%	-25.00%	100.00%
Gross Margin	13.48%	13.98%	15.91%	22.08%	27.39%	34.90%
Operating Margin	0.95%	1.91%	4.82%	10.94%	15.17%	21.99%
Profit Margin	0.08%	0.92%	1.73%	9.10%	13.40%	11.16%
Free Cash Flow Margin	1.31%	0.90%	-3.76%	-8.29%	-9.61%	15.20%
EBITDA	1,500	1,622	2,060	3,239	3,304	3,960
EBITDA Margin	11.00%	11.82%	13.33%	17.80%	21.74%	28.96%
D&A For EBITDA	1,370	1,359	1,315	1,248	997.29	953.81
EBIT	130.11	262.48	744.83	1,991	2,306	3,006
EBIT Margin	0.95%	1.91%	4.82%	10.94%	15.17%	21.99%
Effective Tax Rate	-	-	14.89%	5.25%	10.33%	18.60%
Revenue as Reported	13,640	13,719	15,455	-	-	13,672

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