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 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	Dec '21 Dec 31, 2021
Operating Revenue	23,303	22,498	21,323	26,976	26,376	23,200
Other Revenue	2.68	2.68	34.35	23.09	88.33	69.63
Revenue	23,306	22,501	21,357	26,999	26,464	23,269
Revenue Growth (YoY)	8.44%	5.36%	-20.90%	2.02%	13.73%	35.88%
Cost of Revenue	21,410	20,505	18,467	23,210	21,717	18,935
Gross Profit	1,896	1,996	2,891	3,789	4,747	4,334
Selling, General & Admin	714.01	696.99	708.94	740.16	689.5	667.81
Research & Development	355.36	382.04	500.64	745.07	526.73	416.46
Other Operating Expenses	269.4	309.38	503.47	250.38	340.65	134.56
Operating Expenses	1,351	1,401	1,767	1,699	1,639	1,349
Operating Income	544.57	595.52	1,123	2,090	3,108	2,986
Interest Expense	-320.71	-320.71	-288.34	-322.15	-455.12	-335.52
Interest & Investment Income	60.02	60.02	169.74	157.86	151.78	179.98
Currency Exchange Gain (Loss)	-0.38	-0.38	0.33	0.34	1.81	-2.08
Other Non Operating Income (Expenses)	-32.82	-6.74	-10.79	-21.39	-21.52	-19.12
EBT Excluding Unusual Items	252.03	327.71	993.99	1,904	2,785	2,809
Impairment of Goodwill	-16.06	-16.06	-	-	-	-
Gain (Loss) on Sale of Investments	-0.12	-0.12	-	-	4.57	2.05
Gain (Loss) on Sale of Assets	5	5.07	5.76	21.83	0.03	-
Asset Writedown	-26.45	-25.68	-20.26	-38.37	-0.08	-36.71
Legal Settlements	-	-	-0.86	-13	-	-
Other Unusual Items	64.7	64.7	5.11	120.59	24.51	3.7
Pretax Income	279.1	355.61	983.74	1,995	2,814	2,778
Income Tax Expense	317.78	326.72	390.13	489.83	841.09	826.17
Earnings From Continuing Operations	-38.68	28.89	593.6	1,505	1,973	1,952
Minority Interest in Earnings	198.47	194.55	26.97	11.61	-20.86	-18.29
Net Income	159.79	223.44	620.57	1,517	1,952	1,933
Net Income to Common	159.79	223.44	620.57	1,517	1,952	1,933
Net Income Growth	-71.65%	-64.00%	-59.09%	-22.28%	0.96%	30.09%
Shares Outstanding (Basic)	3,214	1,869	2,371	2,051	2,007	2,013
Shares Outstanding (Diluted)	3,214	1,869	2,371	2,051	2,007	2,013
Shares Change (YoY)	35.57%	-21.20%	15.63%	2.17%	-0.27%	-0.06%
EPS (Basic)	0.05	0.12	0.26	0.74	0.97	0.96
EPS (Diluted)	0.05	0.12	0.26	0.74	0.97	0.96
EPS Growth	-79.09%	-54.31%	-64.62%	-23.93%	1.23%	30.16%
Free Cash Flow	1,553	112.94	994.84	7,017	-2,171	392.17
Free Cash Flow Per Share	0.48	0.06	0.42	3.42	-1.08	0.20
Dividend Per Share	0.036	0.036	0.100	0.250	0.320	0.330
Dividend Growth	-64.00%	-64.00%	-60.00%	-21.88%	-3.03%	-13.16%
Gross Margin	8.13%	8.87%	13.53%	14.03%	17.94%	18.63%
Operating Margin	2.34%	2.65%	5.26%	7.74%	11.74%	12.83%
Profit Margin	0.69%	0.99%	2.91%	5.62%	7.38%	8.31%
Free Cash Flow Margin	6.67%	0.50%	4.66%	25.99%	-8.20%	1.69%
EBITDA	931.09	984.01	1,519	2,456	3,406	3,205
EBITDA Margin	4.00%	4.37%	7.11%	9.10%	12.87%	13.77%
D&A For EBITDA	386.52	388.49	396.35	366.11	298.41	219.31
EBIT	544.57	595.52	1,123	2,090	3,108	2,986
EBIT Margin	2.34%	2.65%	5.26%	7.74%	11.74%	12.83%
Effective Tax Rate	113.86%	91.88%	39.66%	24.55%	29.89%	29.74%
Revenue as Reported	-	-	-	26,999	26,464	23,269
Advertising Expenses	-	-	-	-	46.65	59.33

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