Guangdong Advertising Group Co.,Ltd (SHE:002400)

SHE:002400 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Jan 1, 2022	Dec 31, 2020
Operating Revenue	21,597	20,649	16,657	14,589	12,995	13,284
Other Revenue	8.99	8.99	16.02	10.66	7.8	6.82
Revenue	21,606	20,658	16,673	14,600	13,003	13,291
Revenue Growth (YoY)	7.74%	23.90%	14.20%	12.28%	-2.17%	15.22%
Cost of Revenue	20,213	19,236	15,240	13,127	11,687	11,913
Gross Profit	1,393	1,422	1,434	1,472	1,316	1,378
Selling, General & Admin	824.32	836.81	861.1	772.4	759.31	745.63
Research & Development	324.82	324.96	330.23	308.23	304.73	264.27
Other Operating Expenses	48.25	50.42	-19.48	-53.13	-74.02	-60.41
Operating Expenses	1,254	1,253	1,245	1,099	1,133	1,131
Operating Income	138.09	168.53	188.76	373.24	182.96	247.25
Interest Expense	-35.98	-44.14	-31.12	-8.46	-7.35	-17.73
Interest & Investment Income	4.38	12.69	43.36	21.54	54	15.75
Currency Exchange Gain (Loss)	-11.92	-11.92	-5.79	17.55	-0.57	-1.03
Other Non Operating Income (Expenses)	5.92	2.33	-19.43	-15.58	-0	-10.98
EBT Excluding Unusual Items	100.5	127.49	175.78	388.29	229.04	233.26
Impairment of Goodwill	-	-	-	-139.22	-98.51	-1,098
Gain (Loss) on Sale of Investments	47.53	0.46	8.27	-11.88	-4.04	-14.79
Gain (Loss) on Sale of Assets	-20.08	-19.85	0.18	0.03	-0.44	0.26
Asset Writedown	5.38	-0.03	0.15	-0.08	-0.44	-34.25
Other Unusual Items	31.07	31.07	5.66	48.66	107.16	35.93
Pretax Income	164.4	139.14	190.04	285.81	232.77	-877.53
Income Tax Expense	65.54	56.79	37.84	70.01	39.79	23.66
Earnings From Continuing Operations	98.86	82.35	152.2	215.8	192.98	-901.19
Minority Interest in Earnings	6.94	18.58	0.89	-2.94	-9.08	-31.08
Net Income	105.8	100.93	153.09	212.86	183.9	-932.27
Net Income to Common	105.8	100.93	153.09	212.86	183.9	-932.27
Net Income Growth	-32.49%	-34.07%	-28.08%	15.75%	-	-
Shares Outstanding (Basic)	1,743	1,743	1,744	1,745	1,672	1,759
Shares Outstanding (Diluted)	1,743	1,743	1,744	1,745	1,672	1,759
Shares Change (YoY)	-0.01%	-0.03%	-0.07%	4.37%	-4.96%	5.90%
EPS (Basic)	0.06	0.06	0.09	0.12	0.11	-0.53
EPS (Diluted)	0.06	0.06	0.09	0.12	0.11	-0.53
EPS Growth	-32.49%	-34.05%	-28.03%	10.91%	-	-
Free Cash Flow	-569.47	-313.78	437.75	-397.72	584.31	355.31
Free Cash Flow Per Share	-0.33	-0.18	0.25	-0.23	0.35	0.20
Dividend Per Share	0.018	0.018	0.027	0.040	0.016	-
Dividend Growth	-33.33%	-33.33%	-32.50%	150.00%	-	-
Gross Margin	6.44%	6.88%	8.60%	10.08%	10.12%	10.37%
Operating Margin	0.64%	0.82%	1.13%	2.56%	1.41%	1.86%
Profit Margin	0.49%	0.49%	0.92%	1.46%	1.41%	-7.01%
Free Cash Flow Margin	-2.64%	-1.52%	2.63%	-2.72%	4.49%	2.67%
EBITDA	146.69	193.24	234.96	420.54	243.32	294.79
EBITDA Margin	0.68%	0.94%	1.41%	2.88%	1.87%	2.22%
D&A For EBITDA	8.59	24.71	46.2	47.3	60.36	47.54
EBIT	138.09	168.53	188.76	373.24	182.96	247.25
EBIT Margin	0.64%	0.82%	1.13%	2.56%	1.41%	1.86%
Effective Tax Rate	39.87%	40.81%	19.91%	24.50%	17.09%	-
Revenue as Reported	21,606	20,658	16,673	-	13,003	13,291

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.