Wushang 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	5,134	5,153	5,760	6,286	5,651	6,385
Other Revenue	926.54	926.54	943.93	891.32	685.81	741.8
Revenue	6,061	6,080	6,704	7,178	6,337	7,127
Revenue Growth (YoY)	-7.26%	-9.31%	-6.60%	13.26%	-11.08%	-6.71%
Cost of Revenue	3,030	3,016	3,415	3,802	3,502	3,856
Gross Profit	3,031	3,064	3,289	3,375	2,836	3,271
Selling, General & Admin	2,338	2,364	2,524	2,623	2,106	2,012
Research & Development	12.15	10.45	-	-	-	-
Other Operating Expenses	257.58	242.6	252.91	243.27	190.2	205.3
Operating Expenses	2,608	2,617	2,777	2,866	2,296	2,217
Operating Income	422.59	446.95	511.89	509.51	539.51	1,054
Interest Expense	-279.14	-279.14	-341.27	-370.08	-164.79	-144.47
Interest & Investment Income	76.92	79.98	70.93	61.06	51.74	71.45
Other Non Operating Income (Expenses)	-18.57	-1.43	-2.19	-1.97	10.71	-3.26
EBT Excluding Unusual Items	201.8	246.37	239.36	198.51	437.17	977.74
Gain (Loss) on Sale of Assets	32.37	11.35	61.54	122.31	3.69	6.2
Asset Writedown	-1.93	-1.93	-4.33	-2.07	-19.6	-4.68
Other Unusual Items	35.53	35.53	37.56	33.55	19.33	23.37
Pretax Income	267.77	291.32	334.13	352.3	440.59	1,003
Income Tax Expense	106.88	111.54	118.73	143.22	138.78	250.2
Earnings From Continuing Operations	160.89	179.78	215.39	209.08	301.8	752.42
Minority Interest in Earnings	0.34	0.65	0.6	-	-	-
Net Income	161.23	180.43	215.99	209.08	301.8	752.42
Net Income to Common	161.23	180.43	215.99	209.08	301.8	752.42
Net Income Growth	-26.69%	-16.46%	3.31%	-30.72%	-59.89%	37.45%
Shares Outstanding (Basic)	757	752	771	774	774	768
Shares Outstanding (Diluted)	757	752	771	774	774	768
Shares Change (YoY)	-1.24%	-2.54%	-0.38%	0.07%	0.79%	-0.42%
EPS (Basic)	0.21	0.24	0.28	0.27	0.39	0.98
EPS (Diluted)	0.21	0.24	0.28	0.27	0.39	0.98
EPS Growth	-25.77%	-14.29%	3.70%	-30.77%	-60.20%	38.03%
Free Cash Flow	480.41	452.36	798.79	979.19	-1,847	-1,618
Free Cash Flow Per Share	0.64	0.60	1.04	1.26	-2.39	-2.11
Dividend Per Share	0.200	0.200	0.300	0.050	0.050	0.160
Dividend Growth	-33.33%	-33.33%	500.00%	-	-68.75%	6.67%
Gross Margin	50.01%	50.40%	49.06%	47.03%	44.75%	45.90%
Operating Margin	6.97%	7.35%	7.64%	7.10%	8.51%	14.79%
Profit Margin	2.66%	2.97%	3.22%	2.91%	4.76%	10.56%
Free Cash Flow Margin	7.93%	7.44%	11.92%	13.64%	-29.14%	-22.70%
EBITDA	1,068	1,100	1,196	1,161	855.46	1,346
EBITDA Margin	17.61%	18.09%	17.84%	16.17%	13.50%	18.89%
D&A For EBITDA	644.93	652.76	684.07	651.1	315.95	292.42
EBIT	422.59	446.95	511.89	509.51	539.51	1,054
EBIT Margin	6.97%	7.35%	7.64%	7.10%	8.51%	14.79%
Effective Tax Rate	39.91%	38.29%	35.54%	40.65%	31.50%	24.95%
Revenue as Reported	6,080	6,080	6,704	7,178	6,337	7,127

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