Transfar Zhilian 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	23,010	25,084	26,699	33,429	36,704	35,059
Other Revenue	10.58	12.13	18.85	208.22	294	453.2
Revenue	23,020	25,097	26,717	33,637	36,998	35,512
Revenue Growth (YoY)	-12.63%	-6.07%	-20.57%	-9.08%	4.18%	64.10%
Cost of Revenue	19,267	21,339	23,153	30,076	33,608	31,918
Gross Profit	3,753	3,758	3,564	3,561	3,390	3,594
Selling, General & Admin	1,684	1,726	1,717	1,670	1,631	1,717
Research & Development	466.71	450.77	447.99	395.48	380.5	429.38
Other Operating Expenses	150.8	154.69	212.72	214.87	28.87	-1,591
Operating Expenses	2,741	2,789	2,620	2,452	2,226	626.4
Operating Income	1,012	969.09	944.19	1,110	1,164	2,968
Interest Expense	-395.27	-421.14	-554.86	-597.36	-547.14	-548.86
Interest & Investment Income	502.11	499.1	349.18	243.06	190.22	239.47
Currency Exchange Gain (Loss)	-29.73	-29.73	43.24	-54.98	30.53	2.97
Other Non Operating Income (Expenses)	-36.72	-6.32	-8.05	-7.88	-8.58	-12.23
EBT Excluding Unusual Items	1,052	1,011	773.7	692.82	828.62	2,649
Merger & Restructuring Charges	-10.93	-10.93	-	-	-	-
Impairment of Goodwill	-8.29	-8.29	-11.95	-2.59	-2	-
Gain (Loss) on Sale of Investments	-124.5	-125.35	-44.72	178.86	239.48	203.43
Gain (Loss) on Sale of Assets	4.85	-30.86	-103.06	46.74	-3.34	-14.32
Asset Writedown	-7.58	-7.44	-78.5	-36.26	-4.36	-6.88
Other Unusual Items	96.3	96.3	-45.3	66.46	89.14	89.35
Pretax Income	1,002	924.44	490.18	946.04	1,148	2,921
Income Tax Expense	289.14	283.64	202.06	249.56	332.81	638.43
Earnings From Continuing Operations	712.81	640.8	288.12	696.47	814.75	2,282
Net Income to Company	712.81	640.8	288.12	696.47	814.75	2,282
Minority Interest in Earnings	-53.83	-51.15	-133.81	-105.53	-69.59	-32.78
Net Income	658.97	589.65	154.31	590.94	745.16	2,249
Net Income to Common	658.97	589.65	154.31	590.94	745.16	2,249
Net Income Growth	265.37%	282.12%	-73.89%	-20.70%	-66.87%	47.87%
Shares Outstanding (Basic)	2,767	2,764	2,765	2,814	2,866	3,124
Shares Outstanding (Diluted)	2,767	2,764	2,765	2,814	2,866	3,168
Shares Change (YoY)	0.14%	-0.05%	-1.73%	-1.81%	-9.54%	-2.12%
EPS (Basic)	0.24	0.21	0.06	0.21	0.26	0.72
EPS (Diluted)	0.24	0.21	0.06	0.21	0.26	0.71
EPS Growth	264.79%	282.26%	-73.43%	-19.23%	-63.38%	51.06%
Free Cash Flow	380.97	483.11	596.09	316.65	-365.98	-1,826
Free Cash Flow Per Share	0.14	0.17	0.22	0.11	-0.13	-0.58
Dividend Per Share	0.150	0.150	0.100	0.100	0.100	0.100
Dividend Growth	50.00%	50.00%	-	-	-	-
Gross Margin	16.30%	14.97%	13.34%	10.59%	9.16%	10.12%
Operating Margin	4.40%	3.86%	3.53%	3.30%	3.15%	8.36%
Profit Margin	2.86%	2.35%	0.58%	1.76%	2.01%	6.33%
Free Cash Flow Margin	1.65%	1.93%	2.23%	0.94%	-0.99%	-5.14%
EBITDA	1,318	1,299	1,369	1,555	1,421	3,235
EBITDA Margin	5.73%	5.18%	5.13%	4.62%	3.84%	9.11%
D&A For EBITDA	306.63	330.31	425.04	445.21	257.74	266.89
EBIT	1,012	969.09	944.19	1,110	1,164	2,968
EBIT Margin	4.40%	3.86%	3.53%	3.30%	3.15%	8.36%
Effective Tax Rate	28.86%	30.68%	41.22%	26.38%	29.00%	21.86%
Revenue as Reported	23,020	25,097	26,717	33,637	36,998	35,512
Advertising Expenses	-	51.38	43.67	53.06	61.43	-

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