Wushang 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	5,164	5,760	6,286	5,651	6,385	7,203
Other Revenue	943.93	943.93	891.32	685.81	741.8	435.96
Revenue	6,108	6,704	7,178	6,337	7,127	7,639
Revenue Growth (YoY)	-10.95%	-6.60%	13.26%	-11.08%	-6.71%	-56.98%
Cost of Revenue	2,975	3,415	3,802	3,502	3,856	4,956
Gross Profit	3,133	3,289	3,375	2,836	3,271	2,683
Selling, General & Admin	2,409	2,524	2,623	2,106	2,012	1,847
Other Operating Expenses	255.83	252.91	243.27	190.2	205.3	130.4
Operating Expenses	2,672	2,777	2,866	2,296	2,217	1,977
Operating Income	461.08	511.89	509.51	539.51	1,054	705.97
Interest Expense	-282.11	-341.27	-370.08	-164.79	-144.47	-108.37
Interest & Investment Income	70.88	70.93	61.06	51.74	71.45	40.31
Other Non Operating Income (Expenses)	-7.91	-2.19	-1.97	10.71	-3.26	-4.69
EBT Excluding Unusual Items	241.94	239.36	198.51	437.17	977.74	633.21
Gain (Loss) on Sale of Assets	27.81	61.54	122.31	3.69	6.2	6.22
Asset Writedown	-4.33	-4.33	-2.07	-19.6	-4.68	-5.94
Other Unusual Items	66.08	37.56	33.55	19.33	23.37	91.72
Pretax Income	331.49	334.13	352.3	440.59	1,003	725.22
Income Tax Expense	112.37	118.73	143.22	138.78	250.2	177.79
Earnings From Continuing Operations	219.13	215.39	209.08	301.8	752.42	547.43
Minority Interest in Earnings	0.56	0.6	-	-	-	-
Net Income	219.69	215.99	209.08	301.8	752.42	547.43
Net Income to Common	219.69	215.99	209.08	301.8	752.42	547.43
Net Income Growth	2.33%	3.31%	-30.72%	-59.89%	37.45%	-55.31%
Shares Outstanding (Basic)	753	771	774	774	768	771
Shares Outstanding (Diluted)	753	771	774	774	768	771
Shares Change (YoY)	-1.33%	-0.38%	0.07%	0.79%	-0.42%	0.70%
EPS (Basic)	0.29	0.28	0.27	0.39	0.98	0.71
EPS (Diluted)	0.29	0.28	0.27	0.39	0.98	0.71
EPS Growth	3.71%	3.70%	-30.77%	-60.20%	38.03%	-55.63%
Free Cash Flow	406.13	798.79	979.19	-1,847	-1,618	-16.53
Free Cash Flow Per Share	0.54	1.04	1.26	-2.39	-2.11	-0.02
Dividend Per Share	0.200	0.300	0.050	0.050	0.160	0.150
Dividend Growth	33.33%	500.00%	-	-68.75%	6.67%	-31.82%
Gross Margin	51.30%	49.06%	47.03%	44.75%	45.90%	35.13%
Operating Margin	7.55%	7.64%	7.10%	8.51%	14.79%	9.24%
Profit Margin	3.60%	3.22%	2.91%	4.76%	10.56%	7.17%
Free Cash Flow Margin	6.65%	11.92%	13.64%	-29.14%	-22.70%	-0.22%
EBITDA	1,133	1,175	1,161	855.46	1,346	1,001
EBITDA Margin	18.55%	17.52%	16.17%	13.50%	18.89%	13.10%
D&A For EBITDA	671.7	662.87	651.1	315.95	292.42	294.88
EBIT	461.08	511.89	509.51	539.51	1,054	705.97
EBIT Margin	7.55%	7.64%	7.10%	8.51%	14.79%	9.24%
Effective Tax Rate	33.90%	35.54%	40.65%	31.50%	24.95%	24.52%
Revenue as Reported	6,108	6,704	7,178	6,337	7,127	7,639

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