Transfar Zhilian 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	25,708	26,238	33,429	36,704	35,059	21,334
Other Revenue	473.92	479.15	208.22	294	453.2	306.23
Revenue	26,182	26,717	33,637	36,998	35,512	21,641
Revenue Growth (YoY)	-3.95%	-20.57%	-9.08%	4.18%	64.10%	6.71%
Cost of Revenue	22,594	23,153	30,076	33,608	31,918	18,841
Gross Profit	3,587	3,564	3,561	3,390	3,594	2,800
Selling, General & Admin	1,767	1,717	1,670	1,631	1,717	1,432
Research & Development	415.92	447.99	395.48	380.5	429.38	330.5
Other Operating Expenses	171.18	212.72	214.87	28.87	-1,591	-458.38
Operating Expenses	2,769	2,620	2,452	2,226	626.4	1,673
Operating Income	818.67	944.19	1,110	1,164	2,968	1,127
Interest Expense	-464.52	-554.86	-597.36	-547.14	-548.86	-454.91
Interest & Investment Income	574.73	346.53	243.06	190.22	239.47	842.29
Currency Exchange Gain (Loss)	43.24	43.24	-54.98	30.53	2.97	-33.84
Other Non Operating Income (Expenses)	167.71	-8.05	-7.88	-8.58	-12.23	-11.79
EBT Excluding Unusual Items	1,140	771.05	692.82	828.62	2,649	1,468
Impairment of Goodwill	-11.95	-11.95	-2.59	-2	-	-
Gain (Loss) on Sale of Investments	-58.4	-44.72	178.86	239.48	203.43	276.14
Gain (Loss) on Sale of Assets	-98.02	-103.06	46.74	-3.34	-14.32	-24.7
Asset Writedown	-0.97	-78.5	-36.26	-4.36	-6.88	-6.05
Other Unusual Items	-45.3	-45.3	66.46	89.14	89.35	157.61
Pretax Income	925.19	487.52	946.04	1,148	2,921	1,871
Income Tax Expense	276.38	202.06	249.56	332.81	638.43	288.03
Earnings From Continuing Operations	648.81	285.47	696.47	814.75	2,282	1,583
Net Income to Company	648.81	285.47	696.47	814.75	2,282	1,583
Minority Interest in Earnings	-97.53	-133.81	-105.53	-69.59	-32.78	-62.18
Net Income	551.28	151.66	590.94	745.16	2,249	1,521
Net Income to Common	551.28	151.66	590.94	745.16	2,249	1,521
Net Income Growth	69.13%	-74.34%	-20.70%	-66.87%	47.87%	-5.05%
Shares Outstanding (Basic)	2,764	2,764	2,814	2,866	3,124	3,237
Shares Outstanding (Diluted)	2,764	2,764	2,814	2,866	3,168	3,237
Shares Change (YoY)	-1.04%	-1.78%	-1.81%	-9.54%	-2.12%	-1.01%
EPS (Basic)	0.20	0.05	0.21	0.26	0.72	0.47
EPS (Diluted)	0.19	0.05	0.21	0.26	0.71	0.47
EPS Growth	66.74%	-76.19%	-19.23%	-63.38%	51.06%	-4.08%
Free Cash Flow	838.15	596.09	316.65	-365.98	-1,826	-64.18
Free Cash Flow Per Share	0.30	0.22	0.11	-0.13	-0.58	-0.02
Dividend Per Share	0.150	0.100	0.100	0.100	0.100	0.100
Dividend Growth	50.00%	-	-	-	-	-
Gross Margin	13.70%	13.34%	10.59%	9.16%	10.12%	12.94%
Operating Margin	3.13%	3.53%	3.30%	3.15%	8.36%	5.21%
Profit Margin	2.11%	0.57%	1.76%	2.01%	6.33%	7.03%
Free Cash Flow Margin	3.20%	2.23%	0.94%	-0.99%	-5.14%	-0.30%
EBITDA	1,046	1,265	1,555	1,421	3,235	1,419
EBITDA Margin	4.00%	4.74%	4.62%	3.84%	9.11%	6.55%
D&A For EBITDA	227.83	320.99	445.21	257.74	266.89	291.82
EBIT	818.67	944.19	1,110	1,164	2,968	1,127
EBIT Margin	3.13%	3.53%	3.30%	3.15%	8.36%	5.21%
Effective Tax Rate	29.87%	41.45%	26.38%	29.00%	21.86%	15.39%
Revenue as Reported	26,182	26,717	33,637	36,998	35,512	21,641
Advertising Expenses	-	43.67	53.06	61.43	-	-

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