Xueda (Xiamen) Education Technology Group Co., Ltd (SHE:000526)

SHE:000526 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	2,860	2,702	2,158	1,742	2,494	2,408
Other Revenue	83.86	83.86	54.14	55.59	35.41	21.71
Revenue	2,944	2,786	2,213	1,798	2,529	2,430
Revenue Growth (YoY)	22.71%	25.90%	23.09%	-28.93%	4.10%	-18.79%
Cost of Revenue	1,935	1,825	1,406	1,294	1,867	1,802
Gross Profit	1,009	961.25	806.83	503.36	662.07	627.42
Selling, General & Admin	658.69	625.75	510.23	373.81	552.22	542.85
Research & Development	34.98	34.95	26.99	23.52	50.48	47.35
Other Operating Expenses	3.86	-0.33	-0.16	8.49	9.02	-70.59
Operating Expenses	697.72	660.06	528.09	404.99	634.53	522.53
Operating Income	311.38	301.19	278.74	98.36	27.54	104.89
Interest Expense	-23.07	-24.41	-41.53	-51.87	-60.17	-70.56
Interest & Investment Income	25.72	12.65	12.82	13.73	19.94	78.95
Currency Exchange Gain (Loss)	0.43	0.43	0.43	2.09	-0.74	-4.74
Other Non Operating Income (Expenses)	-54.41	-53.55	-32.1	-28.77	-52.55	-29.89
EBT Excluding Unusual Items	260.05	236.3	218.37	33.54	-65.98	78.65
Impairment of Goodwill	-	-	-	-	-452.91	-
Gain (Loss) on Sale of Investments	6.11	5.37	-3.08	-2.59	-9.87	-4.55
Gain (Loss) on Sale of Assets	6.36	7.21	3.25	15.19	12.77	0.11
Asset Writedown	-3.82	-3.82	-0.93	-5.52	-8.37	-3.55
Other Unusual Items	-3.69	-6.13	3.14	13.1	13.6	7.26
Pretax Income	265	238.93	220.76	53.72	-510.75	77.92
Income Tax Expense	66.04	62.69	68.45	42.69	28.05	35.15
Earnings From Continuing Operations	198.96	176.24	152.3	11.03	-538.81	42.78
Minority Interest in Earnings	4.31	3.44	1.48	2.51	2.79	0.91
Net Income	203.27	179.69	153.78	13.55	-536.02	43.69
Net Income to Common	203.27	179.69	153.78	13.55	-536.02	43.69
Net Income Growth	2.21%	16.84%	1035.24%	-	-	215.09%
Shares Outstanding (Basic)	119	118	118	118	114	96
Shares Outstanding (Diluted)	128	120	118	118	114	96
Shares Change (YoY)	9.09%	1.96%	-0.03%	3.17%	18.70%	-0.03%
EPS (Basic)	1.71	1.52	1.31	0.12	-4.70	0.45
EPS (Diluted)	1.58	1.50	1.31	0.12	-4.70	0.45
EPS Growth	-6.31%	14.60%	1035.57%	-	-	215.20%
Free Cash Flow	553.18	532.72	477.86	138.13	-252.1	44.89
Free Cash Flow Per Share	4.31	4.44	4.06	1.17	-2.21	0.47
Gross Margin	34.27%	34.51%	36.46%	28.00%	26.17%	25.82%
Operating Margin	10.58%	10.81%	12.60%	5.47%	1.09%	4.32%
Profit Margin	6.90%	6.45%	6.95%	0.75%	-21.19%	1.80%
Free Cash Flow Margin	18.79%	19.12%	21.60%	7.68%	-9.97%	1.85%
EBITDA	348.84	339.7	321.48	144.14	81.02	157.27
EBITDA Margin	11.85%	12.19%	14.53%	8.02%	3.20%	6.47%
D&A For EBITDA	37.45	38.51	42.73	45.78	53.48	52.38
EBIT	311.38	301.19	278.74	98.36	27.54	104.89
EBIT Margin	10.58%	10.81%	12.60%	5.47%	1.09%	4.32%
Effective Tax Rate	24.92%	26.24%	31.01%	79.47%	-	45.10%
Revenue as Reported	2,944	2,786	2,213	1,798	2,529	2,430

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