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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	1,071	1,180	1,059	1,205	1,196	1,210
Other Revenue	37.65	25.24	15.06	14.03	23.63	13.42
Revenue	1,109	1,206	1,075	1,219	1,220	1,224
Revenue Growth	-9.21%	12.19%	-11.87%	-0.02%	-0.34%	-16.90%
Cost of Revenue	639.58	745.91	582.11	600.29	707.46	630.03
Gross Profit	469.26	459.6	492.45	619.05	512.13	593.77
Selling, General & Admin	181.56	181.08	123.37	128.32	134.63	142.21
Research & Development	74.98	65.11	19.91	21.29	46.08	33.69
Other Operating Expenses	19.63	14.55	11.95	10.73	10.39	10.29
Operating Expenses	278.3	263.12	154.78	160.34	191.1	186.19
Operating Income	190.97	196.48	337.67	458.72	321.02	407.58
Interest Expense	-28	-23.48	-6.49	-11.24	-10.76	-9.31
Interest & Investment Income	123.7	14.04	96.09	381.35	908.24	385.74
Currency Exchange Gain (Loss)	-3.11	0.47	0.6	0.53	-0.01	0.02
Other Non Operating Income (Expenses)	-0.06	-0.21	-0.09	-0.73	-2.07	-0.37
EBT Excluding Unusual Items	283.5	187.29	427.77	828.62	1,216	783.66
Gain (Loss) on Sale of Investments	193.2	167.25	-155.64	267.39	-298.83	350.54
Gain (Loss) on Sale of Assets	0.3	0.01	0	23.55	0.02	-0.66
Asset Writedown	-0	-0	-	-	-	-
Other Unusual Items	-70.3	-3.7	12.91	9.97	11.55	6.87
Pretax Income	406.7	350.85	285.04	1,130	929.17	1,140
Income Tax Expense	261.58	51.65	-24.03	147.07	106.1	154.99
Earnings From Continuing Operations	145.12	299.19	309.08	982.56	823.06	985.42
Minority Interest in Earnings	-2.5	-0.91	0.3	2.91	2.06	3.32
Net Income	142.62	298.28	309.38	985.47	825.12	988.73
Net Income to Common	142.62	298.28	309.38	985.47	825.12	988.73
Net Income Growth	-56.06%	-3.59%	-68.61%	19.43%	-16.55%	11.25%
Shares Outstanding (Basic)	512	552	326	764	764	761
Shares Outstanding (Diluted)	512	552	326	764	764	761
Shares Change	57.22%	69.61%	-57.37%	-0.01%	0.45%	-0.73%
EPS (Basic)	0.28	0.54	0.95	1.29	1.08	1.30
EPS (Diluted)	0.28	0.54	0.95	1.29	1.08	1.30
EPS Growth	-72.05%	-43.16%	-26.36%	19.44%	-16.92%	12.07%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Free Cash Flow	58.62	256.2	404.91	283.99	346.31	339.49
Free Cash Flow Per Share	0.11	0.46	1.24	0.37	0.45	0.45
Dividend Per Share	-	-	-	0.340	-	0.240
Dividend Growth	-	-	-	-	-	14.29%
Gross Margin	42.32%	38.13%	45.83%	50.77%	41.99%	48.52%
Operating Margin	17.22%	16.30%	31.42%	37.62%	26.32%	33.30%
Profit Margin	12.86%	24.74%	28.79%	80.82%	67.66%	80.79%
Free Cash Flow Margin	5.29%	21.25%	37.68%	23.29%	28.40%	27.74%
EBITDA	302.74	308.83	410.39	518.9	377.4	453.41
EBITDA Margin	27.30%	25.62%	38.19%	42.55%	30.95%	37.05%
D&A For EBITDA	111.78	112.35	72.73	60.18	56.37	45.83
EBIT	190.97	196.48	337.67	458.72	321.02	407.58
EBIT Margin	17.22%	16.30%	31.42%	37.62%	26.32%	33.30%
Effective Tax Rate	64.32%	14.72%	-	13.02%	11.42%	13.59%
Revenue as Reported	1,109	1,206	1,075	1,219	1,220	1,224
Advertising Expenses	-	3.65	0.62	1.12	1.87	1.94