Chengzhi 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	Mar '26 Mar 31, 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	10,866	11,028	10,612	11,691	11,051	12,018
Other Revenue	-	-	453.85	726.5	665.86	165.69
Revenue	10,866	11,028	11,066	12,417	11,717	12,184
Revenue Growth (YoY)	-4.21%	-0.35%	-10.88%	5.97%	-3.83%	25.20%
Cost of Revenue	9,133	9,418	9,337	10,787	10,409	9,465
Gross Profit	1,732	1,609	1,729	1,630	1,309	2,719
Selling, General & Admin	643.34	641	602.85	530.34	592.89	589.55
Research & Development	304.22	304.86	304.9	268.98	260.21	293.07
Other Operating Expenses	213.77	197.72	34.54	44.06	53.4	72.2
Operating Expenses	1,161	1,144	1,013	872.58	934.57	1,063
Operating Income	570.81	465.68	716.08	757.78	374.18	1,656
Interest Expense	-	-	-160.2	-165.91	-195.58	-220.78
Interest & Investment Income	20.03	11.52	33.11	48.62	69.33	80.53
Currency Exchange Gain (Loss)	-	-	2.82	2.21	5.68	-3.11
Other Non Operating Income (Expenses)	-209.98	-211.3	-49.85	-93.3	-37.95	-40.86
EBT Excluding Unusual Items	380.86	265.9	541.95	549.4	215.67	1,472
Impairment of Goodwill	-	-	-14.29	-12.2	-2.46	-159.6
Gain (Loss) on Sale of Investments	-133.54	-124.09	-93.46	-98.93	-76.84	-13.23
Gain (Loss) on Sale of Assets	0.72	0.91	-0.48	-51.42	0.8	-29.08
Asset Writedown	-53.31	-53.31	-23.5	-52.02	-4.76	-0.49
Legal Settlements	-	-	-	-5.13	-	-0.19
Other Unusual Items	-	-	33.79	31.94	34.2	24.31
Pretax Income	194.72	89.41	444.02	361.64	166.6	1,294
Income Tax Expense	-54	4.84	108.97	73.13	10.37	238.08
Earnings From Continuing Operations	248.72	84.57	335.05	288.51	156.23	1,056
Minority Interest in Earnings	-177.98	-162.71	-104.46	-111.11	-105.3	-47.12
Net Income	70.74	-78.14	230.59	177.4	50.93	1,008
Net Income to Common	70.74	-78.14	230.59	177.4	50.93	1,008
Net Income Growth	-55.92%	-	29.98%	248.36%	-94.95%	184.01%
Shares Outstanding (Basic)	1,215	1,215	1,216	1,215	1,215	1,215
Shares Outstanding (Diluted)	1,215	1,215	1,216	1,215	1,215	1,215
Shares Change (YoY)	-0.01%	-0.02%	0.04%	-0.03%	0.01%	0.01%
EPS (Basic)	0.06	-0.06	0.19	0.15	0.04	0.83
EPS (Diluted)	0.06	-0.06	0.19	0.15	0.04	0.83
EPS Growth	-55.91%	-	29.93%	248.45%	-94.95%	183.98%
Free Cash Flow	140.58	250.7	178.94	489.03	950.41	1,277
Free Cash Flow Per Share	0.12	0.21	0.15	0.40	0.78	1.05
Dividend Per Share	-	-	0.050	0.050	0.110	-
Dividend Growth	-	-	-	-54.55%	-	-
Gross Margin	15.94%	14.59%	15.62%	13.13%	11.17%	22.31%
Operating Margin	5.25%	4.22%	6.47%	6.10%	3.19%	13.59%
Profit Margin	0.65%	-0.71%	2.08%	1.43%	0.43%	8.28%
Free Cash Flow Margin	1.29%	2.27%	1.62%	3.94%	8.11%	10.48%
EBITDA	1,160	1,054	1,298	1,347	967.02	2,277
EBITDA Margin	10.68%	9.55%	11.73%	10.84%	8.25%	18.69%
D&A For EBITDA	589.48	588.03	582.23	588.73	592.84	620.97
EBIT	570.81	465.68	716.08	757.78	374.18	1,656
EBIT Margin	5.25%	4.22%	6.47%	6.10%	3.19%	13.59%
Effective Tax Rate	-	5.41%	24.54%	20.22%	6.23%	18.40%
Revenue as Reported	-	-	11,066	12,417	11,717	12,184
Advertising Expenses	-	-	5.07	3.53	3.27	2.26

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