Tibet Development 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	445.92	420.25	336.03	276.47	392.25	404.71
Other Revenue	1.21	1.21	0.86	0.47	0.6	0.62
Revenue	447.13	421.47	336.88	276.94	392.85	405.33
Revenue Growth (YoY)	14.51%	25.11%	21.64%	-29.50%	-3.08%	27.32%
Cost of Revenue	260.07	257.87	235.53	235.46	300.09	308.85
Gross Profit	187.06	163.59	101.36	41.48	92.76	96.48
Selling, General & Admin	71.39	60.92	46.43	28.74	32.04	26.17
Other Operating Expenses	-5.74	3.85	1.25	2.08	2.9	2.53
Operating Expenses	-117.76	64.78	46.27	30.58	36.58	28.7
Operating Income	304.82	98.82	55.08	10.9	56.18	67.78
Interest Expense	-0.56	-0.56	-22.13	-36	-36	-36
Interest & Investment Income	4.35	0.97	0.23	9.7	11.71	13.53
Earnings From Equity Investments	-7.84	-7.84	-7.67	-9.76	-10.56	-14.07
Other Non Operating Income (Expenses)	-2.69	-0.08	9.37	-84.72	-24.58	63.94
EBT Excluding Unusual Items	298.08	91.31	34.89	-109.89	-3.25	95.19
Gain (Loss) on Sale of Investments	2.85	-	-1.31	-7.53	-	-
Asset Writedown	-0.02	-	-	-	-0	-
Legal Settlements	-0.93	-0.93	-2.69	9.08	16.71	-56.75
Other Unusual Items	-0.63	-0.63	-5.09	1.38	0.08	12.72
Pretax Income	299.34	89.75	25.8	-106.96	13.53	51.15
Income Tax Expense	27.27	12.66	8.73	-4.55	4.9	6.19
Earnings From Continuing Operations	272.07	77.09	17.08	-102.41	8.63	44.96
Minority Interest in Earnings	-124.95	-50.9	-42.85	23.48	-23.01	-30.9
Net Income	147.11	26.2	-25.77	-78.93	-14.37	14.05
Net Income to Common	147.11	26.2	-25.77	-78.93	-14.37	14.05
Net Income Growth	185.18%	-	-	-	-	-
Shares Outstanding (Basic)	264	264	264	264	287	281
Shares Outstanding (Diluted)	264	264	264	264	287	281
Shares Change (YoY)	0.95%	0.00%	0.03%	-8.26%	2.28%	6.21%
EPS (Basic)	0.56	0.10	-0.10	-0.30	-0.05	0.05
EPS (Diluted)	0.56	0.10	-0.10	-0.30	-0.05	0.05
EPS Growth	182.49%	-	-	-	-	-
Free Cash Flow	83.21	74.32	24.26	70.07	36.1	-50.43
Free Cash Flow Per Share	0.32	0.28	0.09	0.27	0.13	-0.18
Gross Margin	41.84%	38.81%	30.09%	14.98%	23.61%	23.80%
Operating Margin	68.17%	23.45%	16.35%	3.93%	14.30%	16.72%
Profit Margin	32.90%	6.22%	-7.65%	-28.50%	-3.66%	3.47%
Free Cash Flow Margin	18.61%	17.63%	7.20%	25.30%	9.19%	-12.44%
EBITDA	318.09	114.21	73.3	25.65	69.52	82.75
EBITDA Margin	71.14%	27.10%	21.76%	9.26%	17.70%	20.41%
D&A For EBITDA	13.27	15.39	18.22	14.76	13.34	14.97
EBIT	304.82	98.82	55.08	10.9	56.18	67.78
EBIT Margin	68.17%	23.45%	16.35%	3.93%	14.30%	16.72%
Effective Tax Rate	9.11%	14.10%	33.82%	-	36.20%	12.11%
Revenue as Reported	447.13	421.47	336.88	276.94	392.85	405.33
Advertising Expenses	-	5.74	0.8	0.75	0.89	3.08

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