Zhejiang Int'l 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	33,422	33,237	31,909	30,535	26,628	24,953
Other Revenue	115.09	115.09	143.46	84.35	102.82	55.54
Revenue	33,537	33,352	32,052	30,619	26,731	25,008
Revenue Growth (YoY)	1.90%	4.05%	4.68%	14.55%	6.89%	1.66%
Cost of Revenue	31,217	31,056	29,862	28,645	24,989	23,456
Gross Profit	2,320	2,296	2,190	1,974	1,741	1,552
Selling, General & Admin	1,305	1,301	1,255	1,128	1,015	936.73
Research & Development	17.66	12.03	8.83	12.93	8.56	2.02
Other Operating Expenses	79.92	70.73	67.16	59.99	47.3	40.45
Operating Expenses	1,415	1,381	1,342	1,211	1,074	981.95
Operating Income	905.82	915.34	847.8	763.44	667.94	570.2
Interest Expense	-147.85	-159	-167.44	-160.58	-159.76	-139.79
Interest & Investment Income	8.62	18.35	14.31	12.02	17.99	9.67
Other Non Operating Income (Expenses)	8.86	14.94	2.14	0.58	2.74	0.13
EBT Excluding Unusual Items	775.46	789.63	696.81	615.46	528.9	440.22
Impairment of Goodwill	-1.36	-1.36	-1.2	-0.91	-0.91	-0.94
Gain (Loss) on Sale of Investments	-2.47	-3.38	-7.49	-	-	-0.77
Gain (Loss) on Sale of Assets	2.95	4.6	96.9	0.3	11.1	6.62
Asset Writedown	-0.79	-0.25	-0.21	0.2	-0.42	-
Other Unusual Items	13.61	13.61	16.55	11.17	1.94	21.23
Pretax Income	787.39	802.85	801.36	626.21	540.62	466.37
Income Tax Expense	214.2	190.92	212.66	163.26	144.49	123.56
Earnings From Continuing Operations	573.19	611.93	588.7	462.95	396.13	342.81
Minority Interest in Earnings	-80.16	-86.41	-99.97	-250.54	-228.32	-186.06
Net Income	493.03	525.52	488.73	212.41	167.81	156.75
Net Income to Common	493.03	525.52	488.73	212.41	167.81	156.75
Net Income Growth	3.12%	7.53%	130.09%	26.58%	7.06%	3.74%
Shares Outstanding (Basic)	517	515	448	299	300	299
Shares Outstanding (Diluted)	549	547	474	327	317	299
Shares Change (YoY)	7.24%	15.37%	45.20%	3.21%	6.05%	8.68%
EPS (Basic)	0.95	1.02	1.09	0.71	0.56	0.53
EPS (Diluted)	0.90	0.96	1.03	0.65	0.53	0.53
EPS Growth	-3.84%	-6.80%	58.46%	22.64%	0.95%	-4.54%
Free Cash Flow	387.45	130.42	256.95	283.81	136.93	153.76
Free Cash Flow Per Share	0.70	0.24	0.54	0.87	0.43	0.52
Dividend Per Share	0.383	0.383	0.304	0.126	0.167	0.054
Dividend Growth	25.85%	25.85%	141.62%	-24.36%	207.38%	6.69%
Gross Margin	6.92%	6.88%	6.83%	6.45%	6.51%	6.21%
Operating Margin	2.70%	2.74%	2.65%	2.49%	2.50%	2.28%
Profit Margin	1.47%	1.58%	1.52%	0.69%	0.63%	0.63%
Free Cash Flow Margin	1.16%	0.39%	0.80%	0.93%	0.51%	0.61%
EBITDA	976.02	988.46	924.82	843.12	744.55	645.94
EBITDA Margin	2.91%	2.96%	2.89%	2.75%	2.79%	2.58%
D&A For EBITDA	70.19	73.12	77.02	79.68	76.61	75.73
EBIT	905.82	915.34	847.8	763.44	667.94	570.2
EBIT Margin	2.70%	2.74%	2.65%	2.49%	2.50%	2.28%
Effective Tax Rate	27.20%	23.78%	26.54%	26.07%	26.73%	26.49%
Revenue as Reported	33,537	33,352	32,052	30,619	26,731	25,008

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