Zhefu Holding Group 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	24,421	23,176	20,869	18,914	16,734	14,101
Other Revenue	37.25	37.25	42.46	36.71	46.14	51.56
Revenue	24,459	23,214	20,912	18,951	16,780	14,153
Revenue Growth (YoY)	14.32%	11.01%	10.35%	12.94%	18.56%	69.63%
Cost of Revenue	20,965	20,388	18,468	16,708	14,008	10,919
Gross Profit	3,494	2,826	2,444	2,243	2,772	3,234
Selling, General & Admin	623.76	612.53	592.5	545.65	490.78	470.67
Research & Development	1,124	1,000	940.53	800.54	658.56	678.87
Other Operating Expenses	-110.39	-104.01	-104.41	11.17	-50.13	-95.13
Operating Expenses	1,698	1,588	1,447	1,351	1,110	1,081
Operating Income	1,795	1,238	996.86	891.22	1,662	2,153
Interest Expense	-100.82	-95.5	-118.64	-197.67	-225.31	-218.84
Interest & Investment Income	53.05	54.23	55.43	191.76	34.69	330.52
Currency Exchange Gain (Loss)	-11.16	-11.16	-13.99	7.47	49.9	-11.18
Other Non Operating Income (Expenses)	-15.65	-12.83	-15.48	-9.39	-5.56	-6.71
EBT Excluding Unusual Items	1,721	1,172	904.18	883.39	1,516	2,247
Gain (Loss) on Sale of Investments	-237.14	-50.12	42.31	-67.52	-253.13	-65
Gain (Loss) on Sale of Assets	1.1	0.95	8.39	-3.81	-1.35	4.31
Asset Writedown	49.82	-3.9	-7.64	-4.08	-2.46	-13
Other Unusual Items	267.3	267.3	142.36	169.2	264.49	323.06
Pretax Income	1,802	1,387	1,090	977.18	1,523	2,496
Income Tax Expense	292.9	208.12	81.62	-50.74	41.39	175.87
Earnings From Continuing Operations	1,509	1,179	1,008	1,028	1,482	2,320
Net Income to Company	1,509	1,179	1,008	1,028	1,482	2,320
Minority Interest in Earnings	-59.5	-60.76	-36.49	-2.3	-15.41	-9.35
Net Income	1,449	1,118	971.49	1,026	1,467	2,311
Net Income to Common	1,449	1,118	971.49	1,026	1,467	2,311
Net Income Growth	55.59%	15.06%	-5.28%	-30.07%	-36.53%	69.67%
Shares Outstanding (Basic)	5,065	5,165	5,113	5,398	5,432	5,374
Shares Outstanding (Diluted)	5,065	5,165	5,113	5,398	5,432	5,374
Shares Change (YoY)	-2.06%	1.01%	-5.28%	-0.63%	1.08%	18.37%
EPS (Basic)	0.29	0.22	0.19	0.19	0.27	0.43
EPS (Diluted)	0.29	0.22	0.19	0.19	0.27	0.43
EPS Growth	58.87%	13.91%	-	-29.63%	-37.21%	43.33%
Free Cash Flow	1,242	-622.99	713.67	746.17	-240.49	-1,103
Free Cash Flow Per Share	0.24	-0.12	0.14	0.14	-0.04	-0.20
Dividend Per Share	0.060	0.060	0.050	0.050	0.060	0.080
Dividend Growth	20.00%	20.00%	-	-16.67%	-25.00%	60.00%
Gross Margin	14.28%	12.17%	11.69%	11.83%	16.52%	22.85%
Operating Margin	7.34%	5.33%	4.77%	4.70%	9.91%	15.21%
Profit Margin	5.92%	4.81%	4.65%	5.41%	8.74%	16.33%
Free Cash Flow Margin	5.08%	-2.68%	3.41%	3.94%	-1.43%	-7.79%
EBITDA	2,366	1,802	1,535	1,406	2,117	2,531
EBITDA Margin	9.67%	7.76%	7.34%	7.42%	12.62%	17.88%
D&A For EBITDA	570.91	564.39	538.31	514.49	454.79	378
EBIT	1,795	1,238	996.86	891.22	1,662	2,153
EBIT Margin	7.34%	5.33%	4.77%	4.70%	9.91%	15.21%
Effective Tax Rate	16.26%	15.01%	7.49%	-	2.72%	7.05%
Revenue as Reported	24,459	23,214	20,912	18,951	16,780	14,153

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