Shenzhen Tagen Group 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	22,501	21,323	26,976	26,376	23,200
Other Revenue	-	34.35	23.09	88.33	69.63
Revenue	22,501	21,357	26,999	26,464	23,269
Revenue Growth (YoY)	5.36%	-20.90%	2.02%	13.73%	35.88%
Cost of Revenue	19,627	18,467	23,210	21,717	18,935
Gross Profit	2,875	2,891	3,789	4,747	4,334
Selling, General & Admin	696.99	708.94	740.16	689.5	667.81
Research & Development	382.04	500.64	745.07	526.73	416.46
Other Operating Expenses	258.61	503.47	250.38	340.65	134.56
Operating Expenses	1,338	1,767	1,699	1,639	1,349
Operating Income	1,537	1,123	2,090	3,108	2,986
Interest Expense	-	-288.34	-322.15	-455.12	-335.52
Interest & Investment Income	11.21	169.74	157.86	151.78	179.98
Currency Exchange Gain (Loss)	-	0.33	0.34	1.81	-2.08
Other Non Operating Income (Expenses)	-273.37	-10.79	-21.39	-21.52	-19.12
EBT Excluding Unusual Items	1,275	993.99	1,904	2,785	2,809
Gain (Loss) on Sale of Investments	-0.12	-	-	4.57	2.05
Gain (Loss) on Sale of Assets	5.07	5.76	21.83	0.03	-
Asset Writedown	-924.06	-20.26	-38.37	-0.08	-36.71
Legal Settlements	-	-0.86	-13	-	-
Other Unusual Items	-	5.11	120.59	24.51	3.7
Pretax Income	355.61	983.74	1,995	2,814	2,778
Income Tax Expense	326.72	390.13	489.83	841.09	826.17
Earnings From Continuing Operations	28.89	593.6	1,505	1,973	1,952
Minority Interest in Earnings	194.55	26.97	11.61	-20.86	-18.29
Net Income	223.44	620.57	1,517	1,952	1,933
Net Income to Common	223.44	620.57	1,517	1,952	1,933
Net Income Growth	-64.00%	-59.09%	-22.28%	0.96%	30.09%
Shares Outstanding (Basic)	3,215	2,371	2,051	2,007	2,013
Shares Outstanding (Diluted)	3,215	2,371	2,051	2,007	2,013
Shares Change (YoY)	35.58%	15.63%	2.17%	-0.27%	-0.06%
EPS (Basic)	0.07	0.26	0.74	0.97	0.96
EPS (Diluted)	0.07	0.26	0.74	0.97	0.96
EPS Growth	-73.44%	-64.62%	-23.93%	1.23%	30.16%
Free Cash Flow	112.94	994.84	7,017	-2,171	392.17
Free Cash Flow Per Share	0.04	0.42	3.42	-1.08	0.20
Dividend Per Share	-	0.100	0.250	0.320	0.330
Dividend Growth	-	-60.00%	-21.88%	-3.03%	-13.16%
Gross Margin	12.78%	13.53%	14.03%	17.94%	18.63%
Operating Margin	6.83%	5.26%	7.74%	11.74%	12.83%
Profit Margin	0.99%	2.91%	5.62%	7.38%	8.31%
Free Cash Flow Margin	0.50%	4.66%	25.99%	-8.20%	1.69%
EBITDA	1,928	1,514	2,456	3,406	3,205
EBITDA Margin	8.57%	7.09%	9.10%	12.87%	13.77%
D&A For EBITDA	390.73	390.84	366.11	298.41	219.31
EBIT	1,537	1,123	2,090	3,108	2,986
EBIT Margin	6.83%	5.26%	7.74%	11.74%	12.83%
Effective Tax Rate	91.88%	39.66%	24.55%	29.89%	29.74%
Revenue as Reported	-	21,357	26,999	26,464	23,269
Advertising Expenses	-	-	-	46.65	59.33

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