Wushang 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	5,153	5,760	6,286	5,651	6,385
Other Revenue	926.54	943.93	891.32	685.81	741.8
Revenue	6,080	6,704	7,178	6,337	7,127
Revenue Growth (YoY)	-9.31%	-6.60%	13.26%	-11.08%	-6.71%
Cost of Revenue	3,016	3,415	3,802	3,502	3,856
Gross Profit	3,064	3,289	3,375	2,836	3,271
Selling, General & Admin	2,364	2,524	2,623	2,106	2,012
Research & Development	10.45	-	-	-	-
Other Operating Expenses	242.6	252.91	243.27	190.2	205.3
Operating Expenses	2,617	2,777	2,866	2,296	2,217
Operating Income	446.95	511.89	509.51	539.51	1,054
Interest Expense	-279.14	-341.27	-370.08	-164.79	-144.47
Interest & Investment Income	79.98	70.93	61.06	51.74	71.45
Other Non Operating Income (Expenses)	-1.43	-2.19	-1.97	10.71	-3.26
EBT Excluding Unusual Items	246.37	239.36	198.51	437.17	977.74
Gain (Loss) on Sale of Assets	11.35	61.54	122.31	3.69	6.2
Asset Writedown	-1.93	-4.33	-2.07	-19.6	-4.68
Other Unusual Items	35.53	37.56	33.55	19.33	23.37
Pretax Income	291.32	334.13	352.3	440.59	1,003
Income Tax Expense	111.54	118.73	143.22	138.78	250.2
Earnings From Continuing Operations	179.78	215.39	209.08	301.8	752.42
Minority Interest in Earnings	0.65	0.6	-	-	-
Net Income	180.43	215.99	209.08	301.8	752.42
Net Income to Common	180.43	215.99	209.08	301.8	752.42
Net Income Growth	-16.46%	3.31%	-30.72%	-59.89%	37.45%
Shares Outstanding (Basic)	752	771	774	774	768
Shares Outstanding (Diluted)	752	771	774	774	768
Shares Change (YoY)	-2.54%	-0.38%	0.07%	0.79%	-0.42%
EPS (Basic)	0.24	0.28	0.27	0.39	0.98
EPS (Diluted)	0.24	0.28	0.27	0.39	0.98
EPS Growth	-14.29%	3.70%	-30.77%	-60.20%	38.03%
Free Cash Flow	452.36	798.79	979.19	-1,847	-1,618
Free Cash Flow Per Share	0.60	1.04	1.26	-2.39	-2.11
Dividend Per Share	0.200	0.300	0.050	0.050	0.160
Dividend Growth	-33.33%	500.00%	-	-68.75%	6.67%
Gross Margin	50.40%	49.06%	47.03%	44.75%	45.90%
Operating Margin	7.35%	7.64%	7.10%	8.51%	14.79%
Profit Margin	2.97%	3.22%	2.91%	4.76%	10.56%
Free Cash Flow Margin	7.44%	11.92%	13.64%	-29.14%	-22.70%
EBITDA	1,100	1,196	1,161	855.46	1,346
EBITDA Margin	18.09%	17.84%	16.17%	13.50%	18.89%
D&A For EBITDA	652.76	684.07	651.1	315.95	292.42
EBIT	446.95	511.89	509.51	539.51	1,054
EBIT Margin	7.35%	7.64%	7.10%	8.51%	14.79%
Effective Tax Rate	38.29%	35.54%	40.65%	31.50%	24.95%
Revenue as Reported	6,080	6,704	7,178	6,337	7,127

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