Shenzhen Tagen Group 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 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	22,043	21,323	26,976	26,376	23,200	17,056
Other Revenue	34.35	34.35	23.09	88.33	69.63	68.64
Revenue	22,077	21,357	26,999	26,464	23,269	17,125
Revenue Growth (YoY)	18.67%	-20.90%	2.02%	13.73%	35.88%	16.77%
Cost of Revenue	19,622	18,467	23,210	21,717	18,935	13,046
Gross Profit	2,455	2,891	3,789	4,747	4,334	4,079
Selling, General & Admin	631.66	708.94	740.16	689.5	667.81	470.76
Research & Development	369.35	500.64	745.07	526.73	416.46	142.64
Other Operating Expenses	555.96	503.47	250.38	340.65	134.56	1,019
Operating Expenses	1,583	1,767	1,699	1,639	1,349	1,738
Operating Income	872.15	1,123	2,090	3,108	2,986	2,341
Interest Expense	-309.86	-288.34	-322.15	-455.12	-335.52	-230.18
Interest & Investment Income	116.91	169.74	157.86	151.78	179.98	75.84
Currency Exchange Gain (Loss)	0.33	0.33	0.34	1.81	-2.08	-1.3
Other Non Operating Income (Expenses)	-2.79	-10.79	-21.39	-21.52	-19.12	-10.54
EBT Excluding Unusual Items	676.75	993.99	1,904	2,785	2,809	2,175
Gain (Loss) on Sale of Investments	-0.11	-	-	4.57	2.05	-0.52
Gain (Loss) on Sale of Assets	1.01	5.76	21.83	0.03	-	0.54
Asset Writedown	-34.91	-20.26	-38.37	-0.08	-36.71	0.59
Legal Settlements	-0.86	-0.86	-13	-	-	-
Other Unusual Items	5.11	5.11	120.59	24.51	3.7	17.79
Pretax Income	646.99	983.74	1,995	2,814	2,778	2,193
Income Tax Expense	349.97	390.13	489.83	841.09	826.17	704.42
Earnings From Continuing Operations	297.02	593.6	1,505	1,973	1,952	1,489
Minority Interest in Earnings	15.19	26.97	11.61	-20.86	-18.29	-2.61
Net Income	312.21	620.57	1,517	1,952	1,933	1,486
Net Income to Common	312.21	620.57	1,517	1,952	1,933	1,486
Net Income Growth	-61.87%	-59.09%	-22.28%	0.96%	30.09%	20.22%
Shares Outstanding (Basic)	1,869	2,371	2,051	2,007	2,013	2,014
Shares Outstanding (Diluted)	1,869	2,371	2,051	2,007	2,013	2,014
Shares Change (YoY)	-12.55%	15.63%	2.17%	-0.27%	-0.06%	-1.57%
EPS (Basic)	0.17	0.26	0.74	0.97	0.96	0.74
EPS (Diluted)	0.17	0.26	0.74	0.97	0.96	0.74
EPS Growth	-56.39%	-64.62%	-23.93%	1.23%	30.16%	22.14%
Free Cash Flow	-8.43	994.84	7,017	-2,171	392.17	-837.1
Free Cash Flow Per Share	-0.01	0.42	3.42	-1.08	0.20	-0.42
Dividend Per Share	0.100	0.100	0.250	0.320	0.330	0.380
Dividend Growth	-60.00%	-60.00%	-21.88%	-3.03%	-13.16%	-
Gross Margin	11.12%	13.53%	14.03%	17.94%	18.63%	23.82%
Operating Margin	3.95%	5.26%	7.74%	11.74%	12.83%	13.67%
Profit Margin	1.41%	2.91%	5.62%	7.38%	8.31%	8.68%
Free Cash Flow Margin	-0.04%	4.66%	25.99%	-8.20%	1.69%	-4.89%
EBITDA	1,282	1,514	2,456	3,406	3,205	2,507
EBITDA Margin	5.80%	7.09%	9.10%	12.87%	13.77%	14.64%
D&A For EBITDA	409.38	390.84	366.11	298.41	219.31	165.9
EBIT	872.15	1,123	2,090	3,108	2,986	2,341
EBIT Margin	3.95%	5.26%	7.74%	11.74%	12.83%	13.67%
Effective Tax Rate	54.09%	39.66%	24.55%	29.89%	29.74%	32.12%
Revenue as Reported	22,077	21,357	26,999	26,464	23,269	17,125
Advertising Expenses	-	-	-	46.65	59.33	34.84

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.