Huangshan Novel Co.,Ltd 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	Dec '21 Dec 31, 2021
Operating Revenue	3,815	3,723	3,415	3,277	3,213	2,918
Other Revenue	-	-	110.68	102.29	90.9	106.19
Revenue	3,815	3,723	3,525	3,379	3,304	3,024
Revenue Growth (YoY)	7.81%	5.61%	4.34%	2.26%	9.28%	10.46%
Cost of Revenue	2,943	2,867	2,708	2,568	2,589	2,361
Gross Profit	871.87	856.51	817.19	811.18	715.21	662.26
Selling, General & Admin	181.98	182.32	178.34	186.15	189.06	199.23
Research & Development	159.29	156.06	149.14	145	134.98	121.11
Other Operating Expenses	3.25	-0.17	-14.39	14.19	22.02	16.48
Operating Expenses	344.52	338.22	316.91	348.47	348.74	336.7
Operating Income	527.35	518.29	500.28	462.7	366.47	325.55
Interest Expense	-	-	-12.15	-18.45	-13.2	-8.21
Interest & Investment Income	18.77	17.23	25.31	34.99	20.65	20.82
Currency Exchange Gain (Loss)	-	-	8.25	-10.32	3.15	0.31
Other Non Operating Income (Expenses)	-33.03	-27.71	-1.82	-2.05	-1.18	-1.38
EBT Excluding Unusual Items	513.09	507.81	519.86	466.88	375.89	337.1
Gain (Loss) on Sale of Investments	4.83	5.52	7.1	1.99	0.48	0.88
Gain (Loss) on Sale of Assets	0.04	1.76	-	0.09	13.63	0.18
Asset Writedown	-19.34	-19.34	-0.09	-11.78	-1.31	-0.06
Other Unusual Items	-	-	3.21	3.83	19.03	21.81
Pretax Income	498.61	495.74	530.09	461	407.73	359.92
Income Tax Expense	54.01	53.61	58.83	46.76	38.94	38.8
Earnings From Continuing Operations	444.6	442.14	471.26	414.24	368.79	321.12
Minority Interest in Earnings	-4.64	-4	-3.51	-6.2	-5.96	-5.21
Net Income	439.96	438.13	467.75	408.05	362.83	315.91
Net Income to Common	439.96	438.13	467.75	408.05	362.83	315.91
Net Income Growth	-6.44%	-6.33%	14.63%	12.46%	14.85%	4.25%
Shares Outstanding (Basic)	612	609	615	609	605	608
Shares Outstanding (Diluted)	612	609	615	609	605	608
Shares Change (YoY)	0.37%	-1.13%	1.06%	0.71%	-0.46%	-1.42%
EPS (Basic)	0.72	0.72	0.76	0.67	0.60	0.52
EPS (Diluted)	0.72	0.72	0.76	0.67	0.60	0.52
EPS Growth	-6.78%	-5.26%	13.43%	11.67%	15.38%	5.76%
Free Cash Flow	117.94	164.78	309.44	405.65	235.19	55.67
Free Cash Flow Per Share	0.19	0.27	0.50	0.67	0.39	0.09
Dividend Per Share	-	-	0.620	0.550	0.400	0.417
Dividend Growth	-	-	12.73%	37.50%	-4.01%	-
Gross Margin	22.85%	23.00%	23.18%	24.01%	21.65%	21.90%
Operating Margin	13.82%	13.92%	14.19%	13.69%	11.09%	10.77%
Profit Margin	11.53%	11.77%	13.27%	12.08%	10.98%	10.45%
Free Cash Flow Margin	3.09%	4.42%	8.78%	12.01%	7.12%	1.84%
EBITDA	678.47	669.52	651.99	613.01	492.85	446.64
EBITDA Margin	17.78%	17.98%	18.49%	18.14%	14.92%	14.77%
D&A For EBITDA	151.11	151.23	151.71	150.31	126.38	121.08
EBIT	527.35	518.29	500.28	462.7	366.47	325.55
EBIT Margin	13.82%	13.92%	14.19%	13.69%	11.09%	10.77%
Effective Tax Rate	10.83%	10.81%	11.10%	10.14%	9.55%	10.78%
Revenue as Reported	-	-	3,525	3,379	3,304	3,024

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