Jiuzhitang Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,214	2,363	2,937	3,016	3,758
Other Revenue	15.69	8.42	23.86	17.25	25.99
Revenue	2,229	2,371	2,961	3,033	3,784
Revenue Growth (YoY)	-5.99%	-19.91%	-2.38%	-19.84%	6.31%
Cost of Revenue	899.55	985.07	1,175	1,258	1,560
Gross Profit	1,330	1,386	1,786	1,775	2,224
Selling, General & Admin	902.39	1,042	1,313	1,354	1,675
Research & Development	144.05	146.2	145.26	142.37	117.78
Other Operating Expenses	38.1	27.41	40.81	42.25	49.35
Operating Expenses	1,082	1,218	1,504	1,542	1,844
Operating Income	248.12	168.72	282.07	233.26	379.9
Interest Expense	-1.04	-2.2	-3.61	-3.79	-7.05
Interest & Investment Income	34.54	53.57	42.68	191.78	3.5
Currency Exchange Gain (Loss)	-0.13	0.11	0.16	0.9	-0.26
Other Non Operating Income (Expenses)	-0.53	3.09	-2.97	-4.05	-3.78
EBT Excluding Unusual Items	280.97	223.28	318.33	418.11	372.31
Gain (Loss) on Sale of Investments	0.41	-	1.2	-	-54.79
Gain (Loss) on Sale of Assets	-0.26	-0.1	-0.66	0.22	-0.56
Asset Writedown	-0.23	-0.84	-0.01	-	-
Other Unusual Items	26.62	30.33	31.73	36.36	39.73
Pretax Income	307.5	252.67	350.59	454.69	356.69
Income Tax Expense	47.94	37.5	54.79	100.15	88.69
Earnings From Continuing Operations	259.56	215.17	295.81	354.54	268
Minority Interest in Earnings	-36.96	1.03	1.61	3.44	2.7
Net Income	222.6	216.2	297.41	357.99	270.7
Net Income to Common	222.6	216.2	297.41	357.99	270.7
Net Income Growth	2.96%	-27.30%	-16.92%	32.25%	-0.59%
Shares Outstanding (Basic)	846	850	856	856	855
Shares Outstanding (Diluted)	846	850	856	856	855
Shares Change (YoY)	-0.45%	-0.66%	-0.02%	0.15%	1.76%
EPS (Basic)	0.26	0.25	0.35	0.42	0.32
EPS (Diluted)	0.26	0.25	0.35	0.42	0.32
EPS Growth	3.42%	-26.82%	-16.91%	32.05%	-2.31%
Free Cash Flow	386.32	126.73	35.79	402.3	158.6
Free Cash Flow Per Share	0.46	0.15	0.04	0.47	0.19
Dividend Per Share	0.300	0.300	0.400	0.400	0.400
Dividend Growth	-	-25.00%	-	-	-
Gross Margin	59.65%	58.46%	60.31%	58.51%	58.77%
Operating Margin	11.13%	7.12%	9.53%	7.69%	10.04%
Profit Margin	9.99%	9.12%	10.04%	11.80%	7.15%
Free Cash Flow Margin	17.33%	5.34%	1.21%	13.26%	4.19%
EBITDA	364.86	281.93	401.2	352.66	493.34
EBITDA Margin	16.37%	11.89%	13.55%	11.63%	13.04%
D&A For EBITDA	116.73	113.21	119.13	119.39	113.44
EBIT	248.12	168.72	282.07	233.26	379.9
EBIT Margin	11.13%	7.12%	9.53%	7.69%	10.04%
Effective Tax Rate	15.59%	14.84%	15.63%	22.02%	24.87%
Revenue as Reported	2,229	2,371	2,961	3,033	3,784
Advertising Expenses	217.54	241.21	282.13	270.39	305.28

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.