Jinzi Ham Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	290.08	326.19	298.69	435.07	490.64	702.17
Other Revenue	17.69	17.69	15.01	9.48	15.24	8.21
Revenue	307.77	343.88	313.7	444.55	505.87	710.38
Revenue Growth (YoY)	-9.05%	9.62%	-29.43%	-12.12%	-28.79%	152.32%
Cost of Revenue	235.95	267.24	236.13	340.46	424.34	536.72
Gross Profit	71.82	76.64	77.57	104.09	81.54	173.66
Selling, General & Admin	55.8	56.88	58.34	65.91	57.19	48.7
Research & Development	7.11	5.51	3.92	4.89	4.47	3.55
Other Operating Expenses	9.96	5.58	2.26	5	3.56	1.89
Operating Expenses	72.77	68.5	65.47	76.05	61.68	63.27
Operating Income	-0.95	8.14	12.1	28.05	19.86	110.39
Interest Expense	-	-0.35	-	-4.12	-4.5	-2.7
Interest & Investment Income	50.68	53.25	26.67	13.1	1.88	3.75
Other Non Operating Income (Expenses)	-0.13	-0.12	4.75	13.21	12.76	-0.34
EBT Excluding Unusual Items	53.48	60.92	43.52	50.23	30	111.1
Gain (Loss) on Sale of Investments	-	-	-	-	-55.11	-44.42
Gain (Loss) on Sale of Assets	1.53	1.54	-0.05	1.92	4.78	0.59
Asset Writedown	-2.24	-	-0	-0.86	-	-5
Other Unusual Items	5.43	5	2.31	3.45	59.66	1.08
Pretax Income	58.21	67.46	45.78	54.74	39.33	63.34
Income Tax Expense	4.32	5.86	5.91	4.35	-2.56	4.27
Earnings From Continuing Operations	53.88	61.59	39.87	50.39	41.89	59.07
Net Income to Company	53.88	61.59	39.87	50.39	41.89	59.07
Minority Interest in Earnings	0.46	0.58	0.19	-1.36	0.97	0.24
Net Income	54.34	62.17	40.06	49.03	42.85	59.3
Net Income to Common	54.34	62.17	40.06	49.03	42.85	59.3
Net Income Growth	27.53%	55.19%	-18.29%	14.41%	-27.73%	76.78%
Shares Outstanding (Basic)	1,265	1,243	1,002	981	857	988
Shares Outstanding (Diluted)	1,265	1,243	1,002	981	857	988
Shares Change (YoY)	11.12%	24.15%	2.14%	14.41%	-13.28%	17.85%
EPS (Basic)	0.04	0.05	0.04	0.05	0.05	0.06
EPS (Diluted)	0.04	0.05	0.04	0.05	0.05	0.06
EPS Growth	14.76%	25.00%	-20.00%	-	-16.67%	50.00%
Free Cash Flow	-160.51	48.07	-65.23	222.76	215.89	-255.6
Free Cash Flow Per Share	-0.13	0.04	-0.07	0.23	0.25	-0.26
Dividend Per Share	0.030	0.030	0.020	0.020	0.020	0.030
Dividend Growth	50.00%	50.00%	-	-	-33.33%	-40.00%
Gross Margin	23.34%	22.29%	24.73%	23.41%	16.12%	24.45%
Operating Margin	-0.31%	2.37%	3.86%	6.31%	3.92%	15.54%
Profit Margin	17.66%	18.08%	12.77%	11.03%	8.47%	8.35%
Free Cash Flow Margin	-52.15%	13.98%	-20.79%	50.11%	42.68%	-35.98%
EBITDA	18.14	29.71	36.97	53.29	43.65	131.81
EBITDA Margin	5.89%	8.64%	11.79%	11.99%	8.63%	18.55%
D&A For EBITDA	19.09	21.57	24.87	25.24	23.79	21.42
EBIT	-0.95	8.14	12.1	28.05	19.86	110.39
EBIT Margin	-0.31%	2.37%	3.86%	6.31%	3.92%	15.54%
Effective Tax Rate	7.43%	8.69%	12.91%	7.95%	-	6.74%
Revenue as Reported	307.77	343.88	313.7	444.55	505.87	710.38
Advertising Expenses	-	1.54	0.92	0.86	0.29	0.57

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