Jiuzhitang 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	2,581	2,214	2,363	2,937	3,016	3,758
Other Revenue	15.69	15.69	8.42	23.86	17.25	25.99
Revenue	2,597	2,229	2,371	2,961	3,033	3,784
Revenue Growth	32.74%	-5.99%	-19.91%	-2.38%	-19.84%	6.31%
Cost of Revenue	1,043	899.55	985.07	1,175	1,258	1,560
Gross Profit	1,554	1,330	1,386	1,786	1,775	2,224
Selling, General & Admin	929.55	902.39	1,042	1,313	1,354	1,675
Research & Development	142.19	144.05	146.2	145.26	142.37	117.78
Other Operating Expenses	41.09	38.1	27.41	40.81	42.25	49.35
Operating Expenses	1,110	1,082	1,218	1,504	1,542	1,844
Operating Income	443.76	248.12	168.72	282.07	233.26	379.9
Interest Expense	-1.04	-1.04	-2.2	-3.61	-3.79	-7.05
Interest & Investment Income	35.21	34.54	53.57	42.68	191.78	3.5
Currency Exchange Gain (Loss)	-0.13	-0.13	0.11	0.16	0.9	-0.26
Other Non Operating Income (Expenses)	1.49	-0.53	3.09	-2.97	-4.05	-3.78
EBT Excluding Unusual Items	479.29	280.97	223.28	318.33	418.11	372.31
Gain (Loss) on Sale of Investments	1.61	0.41	-	1.2	-	-54.79
Gain (Loss) on Sale of Assets	1.31	-0.26	-0.1	-0.66	0.22	-0.56
Asset Writedown	-0.47	-0.23	-0.84	-0.01	-	-
Other Unusual Items	26.62	26.62	30.33	31.73	36.36	39.73
Pretax Income	508.37	307.5	252.67	350.59	454.69	356.69
Income Tax Expense	74.12	47.94	37.5	54.79	100.15	88.69
Earnings From Continuing Operations	434.25	259.56	215.17	295.81	354.54	268
Minority Interest in Earnings	-105.24	-36.96	1.03	1.61	3.44	2.7
Net Income	329.01	222.6	216.2	297.41	357.99	270.7
Net Income to Common	329.01	222.6	216.2	297.41	357.99	270.7
Net Income Growth	111.68%	2.96%	-27.30%	-16.92%	32.25%	-0.59%
Shares Outstanding (Basic)	846	846	850	856	856	855
Shares Outstanding (Diluted)	846	846	850	856	856	855
Shares Change	-0.06%	-0.45%	-0.66%	-0.02%	0.15%	1.76%
EPS (Basic)	0.39	0.26	0.25	0.35	0.42	0.32
EPS (Diluted)	0.39	0.26	0.25	0.35	0.42	0.32
EPS Growth	111.81%	3.42%	-26.82%	-16.91%	32.05%	-2.31%

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	621.46	386.32	126.73	35.79	402.3	158.6
Free Cash Flow Per Share	0.73	0.46	0.15	0.04	0.47	0.19
Dividend Per Share	0.300	0.300	0.300	0.400	0.400	0.400
Dividend Growth	0%	0%	-25.00%	0%	0%	0%
Gross Margin	59.82%	59.65%	58.46%	60.31%	58.51%	58.77%
Operating Margin	17.09%	11.13%	7.12%	9.53%	7.69%	10.04%
Profit Margin	12.67%	9.99%	9.12%	10.04%	11.80%	7.15%
Free Cash Flow Margin	23.93%	17.33%	5.34%	1.21%	13.26%	4.19%
EBITDA	565.81	364.86	281.93	401.2	352.66	493.34
EBITDA Margin	21.79%	16.37%	11.89%	13.55%	11.63%	13.04%
D&A For EBITDA	122.05	116.73	113.21	119.13	119.39	113.44
EBIT	443.76	248.12	168.72	282.07	233.26	379.9
EBIT Margin	17.09%	11.13%	7.12%	9.53%	7.69%	10.04%
Effective Tax Rate	14.58%	15.59%	14.84%	15.63%	22.02%	24.87%
Revenue as Reported	2,229	2,229	2,371	2,961	3,033	3,784
Advertising Expenses	-	217.54	241.21	282.13	270.39	305.28