Shenzhen Leaguer 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	2,417	2,330	2,291	2,489	2,598	2,990
Other Revenue	30.8	30.8	29.98	26.5	19.74	18.31
Revenue	2,448	2,360	2,321	2,516	2,618	3,009
Revenue Growth (YoY)	4.42%	1.70%	-7.75%	-3.90%	-12.99%	37.77%
Cost of Revenue	1,954	1,883	1,795	1,891	1,856	1,898
Gross Profit	493.75	476.95	525.8	624.43	762.13	1,110
Selling, General & Admin	349.03	348.66	348.77	406.44	414.38	390.36
Research & Development	124.33	128.38	128.18	147.74	144.24	119.46
Other Operating Expenses	37.6	36.48	31.29	-48.42	48.01	117.46
Operating Expenses	515.23	517.79	525.44	509.03	619.59	655.87
Operating Income	-21.48	-40.83	0.36	115.41	142.55	454.28
Interest Expense	-149.37	-149.37	-141.11	-164.77	-130.37	-85.68
Interest & Investment Income	307.01	313.65	293.96	240.41	257.1	201.91
Currency Exchange Gain (Loss)	-4.66	-4.66	3.5	1.89	13.24	-5.17
Other Non Operating Income (Expenses)	-4.53	-2.35	-2.69	-2.12	-2.69	-18.7
EBT Excluding Unusual Items	126.98	116.44	154.01	190.83	279.83	546.62
Impairment of Goodwill	-24.57	-24.57	-35.78	-11.02	-2.29	-
Gain (Loss) on Sale of Investments	64.08	76.34	21.56	147.25	306.06	280.35
Gain (Loss) on Sale of Assets	2.28	2.89	-2.19	0.15	-4.22	0.06
Asset Writedown	-3.25	-6.5	-1.29	-1.44	-0.42	-0.31
Legal Settlements	-8.5	-8.5	-	-	-	-
Other Unusual Items	12.48	12.48	37.74	2.89	45.16	103.59
Pretax Income	169.49	168.59	174.05	328.66	624.12	930.31
Income Tax Expense	87.6	82.97	-5	28.02	103.96	147.08
Earnings From Continuing Operations	81.89	85.61	179.05	300.64	520.16	783.23
Minority Interest in Earnings	94.17	91.23	66.41	28.45	-103.44	-152.44
Net Income	176.06	176.85	245.46	329.09	416.72	630.79
Net Income to Common	176.06	176.85	245.46	329.09	416.72	630.79
Net Income Growth	-32.50%	-27.95%	-25.41%	-21.03%	-33.94%	7.24%
Shares Outstanding (Basic)	1,211	1,210	1,210	1,211	1,211	1,210
Shares Outstanding (Diluted)	1,211	1,210	1,210	1,211	1,211	1,210
Shares Change (YoY)	0.08%	0.01%	-0.03%	0.01%	0.02%	1.93%
EPS (Basic)	0.15	0.15	0.20	0.27	0.34	0.52
EPS (Diluted)	0.15	0.15	0.20	0.27	0.34	0.52
EPS Growth	-32.56%	-27.96%	-25.39%	-21.03%	-33.95%	5.21%
Free Cash Flow	-152.29	-39.67	-249.91	-579.38	-489.29	-1,299
Free Cash Flow Per Share	-0.13	-0.03	-0.21	-0.48	-0.40	-1.07
Dividend Per Share	0.050	0.050	0.070	0.090	0.080	0.080
Dividend Growth	-28.57%	-28.57%	-22.22%	12.50%	-	-
Gross Margin	20.17%	20.21%	22.66%	24.82%	29.11%	36.90%
Operating Margin	-0.88%	-1.73%	0.02%	4.59%	5.45%	15.10%
Profit Margin	7.19%	7.49%	10.58%	13.08%	15.92%	20.97%
Free Cash Flow Margin	-6.22%	-1.68%	-10.77%	-23.03%	-18.69%	-43.18%
EBITDA	209.61	190.21	231.23	353.81	356.04	644.09
EBITDA Margin	8.56%	8.06%	9.96%	14.06%	13.60%	21.41%
D&A For EBITDA	231.09	231.04	230.87	238.4	213.49	189.81
EBIT	-21.48	-40.83	0.36	115.41	142.55	454.28
EBIT Margin	-0.88%	-1.73%	0.02%	4.59%	5.45%	15.10%
Effective Tax Rate	51.69%	49.22%	-	8.53%	16.66%	15.81%
Revenue as Reported	2,360	2,360	2,321	2,516	2,618	3,009
Advertising Expenses	-	2.79	3.33	4.67	5.51	4.94

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