Sichuan Hexie Shuangma 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	1,232	1,059	1,205	1,196	1,210	1,462
Other Revenue	15.06	15.06	14.03	23.63	13.42	10.65
Revenue	1,247	1,075	1,219	1,220	1,224	1,473
Revenue Growth (YoY)	7.71%	-11.87%	-0.02%	-0.34%	-16.90%	-18.66%
Cost of Revenue	757.11	582.11	600.29	707.46	630.03	785.28
Gross Profit	490.16	492.45	619.05	512.13	593.77	687.45
Selling, General & Admin	182.17	123.38	128.32	134.63	142.21	119.22
Research & Development	65.56	19.9	21.29	46.08	33.69	9.23
Other Operating Expenses	32.38	11.95	10.73	10.39	10.29	15.65
Operating Expenses	280.06	154.79	160.34	191.1	186.19	144.11
Operating Income	210.1	337.66	458.72	321.02	407.58	543.34
Interest Expense	-23	-6.49	-11.24	-10.76	-9.31	-4.8
Interest & Investment Income	130.76	96.09	381.35	908.24	385.74	224.06
Currency Exchange Gain (Loss)	0.6	0.6	0.53	-0.01	0.02	0.03
Other Non Operating Income (Expenses)	1.56	-0.08	-0.73	-2.07	-0.37	-1.12
EBT Excluding Unusual Items	320.03	427.77	828.62	1,216	783.66	761.51
Gain (Loss) on Sale of Investments	3.89	-155.64	267.39	-298.83	350.54	79.5
Gain (Loss) on Sale of Assets	0.01	0	23.55	0.02	-0.66	-0.17
Asset Writedown	-0.81	-	-	-	-	-0.16
Other Unusual Items	20.3	12.91	9.97	11.55	6.87	129.53
Pretax Income	343.4	285.04	1,130	929.17	1,140	981.68
Income Tax Expense	-14.88	-24.03	147.07	106.1	154.99	93.35
Earnings From Continuing Operations	358.29	309.08	982.56	823.06	985.42	888.33
Minority Interest in Earnings	0.08	0.3	2.91	2.06	3.32	0.43
Net Income	358.36	309.38	985.47	825.12	988.73	888.75
Net Income to Common	358.36	309.38	985.47	825.12	988.73	888.75
Net Income Growth	-36.20%	-68.61%	19.43%	-16.55%	11.25%	21.97%
Shares Outstanding (Basic)	746	755	764	764	761	766
Shares Outstanding (Diluted)	746	755	764	764	761	766
Shares Change (YoY)	-2.82%	-1.22%	-0.01%	0.45%	-0.73%	-0.11%
EPS (Basic)	0.48	0.41	1.29	1.08	1.30	1.16
EPS (Diluted)	0.48	0.41	1.29	1.08	1.30	1.16
EPS Growth	-34.35%	-68.22%	19.44%	-16.92%	12.07%	22.11%
Free Cash Flow	296	404.91	283.99	346.31	339.49	508.43
Free Cash Flow Per Share	0.40	0.54	0.37	0.45	0.45	0.66
Dividend Per Share	-	-	0.340	-	0.240	0.210
Dividend Growth	-	-	-	-	14.29%	118.75%
Gross Margin	39.30%	45.83%	50.77%	41.99%	48.52%	46.68%
Operating Margin	16.84%	31.42%	37.62%	26.32%	33.30%	36.89%
Profit Margin	28.73%	28.79%	80.82%	67.66%	80.79%	60.35%
Free Cash Flow Margin	23.73%	37.68%	23.29%	28.40%	27.74%	34.52%
EBITDA	290.68	409.5	518.9	377.4	453.41	607.03
EBITDA Margin	23.31%	38.11%	42.55%	30.95%	37.05%	41.22%
D&A For EBITDA	80.58	71.84	60.18	56.37	45.83	63.69
EBIT	210.1	337.66	458.72	321.02	407.58	543.34
EBIT Margin	16.84%	31.42%	37.62%	26.32%	33.30%	36.89%
Effective Tax Rate	-	-	13.02%	11.42%	13.59%	9.51%
Revenue as Reported	1,247	1,075	1,219	1,220	1,224	1,473
Advertising Expenses	-	0.62	1.12	1.87	1.94	0.97

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.