Giant Network Group 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	4,069	2,919	2,910	2,025	2,111	2,203
Other Revenue	4.24	4.24	13.76	12.71	12.79	13.94
Revenue	4,073	2,923	2,924	2,038	2,124	2,217
Revenue Growth (YoY)	41.65%	-0.04%	43.50%	-4.08%	-4.20%	-13.77%
Cost of Revenue	440.27	370.04	323.94	325.29	321.73	373.09
Gross Profit	3,633	2,553	2,600	1,712	1,803	1,844
Selling, General & Admin	1,760	1,226	1,198	544.48	623.1	584.51
Research & Development	886.91	691.45	691.99	642.58	713.36	720.99
Other Operating Expenses	-116.84	-123.53	-107.55	-53.58	-89.22	-68.53
Operating Expenses	2,531	1,793	1,783	1,135	1,289	1,236
Operating Income	1,102	759.51	817.22	577.59	513.36	607.75
Interest Expense	-23.26	-24.55	-21.51	-17.8	-17.63	-24.29
Interest & Investment Income	685.9	682.25	504.87	392.57	667.01	523.79
Currency Exchange Gain (Loss)	-0.45	-0.45	-0.44	-0.83	0.23	0.4
Other Non Operating Income (Expenses)	10.42	5.73	-0.76	-6.85	-3.05	1.21
EBT Excluding Unusual Items	1,774	1,422	1,299	944.68	1,160	1,109
Impairment of Goodwill	-	-	-17.22	-	-	-
Gain (Loss) on Sale of Investments	64.2	15.98	-192.47	-152.73	-109.33	-10.11
Gain (Loss) on Sale of Assets	-2.89	-2.88	-0.58	-0.96	-15.39	0.16
Asset Writedown	-	-	-	-	-9.09	-27.87
Other Unusual Items	17.52	11.75	12.32	38.7	3.2	17.45
Pretax Income	1,853	1,447	1,101	829.69	1,029	1,088
Income Tax Expense	67.97	16.4	9.6	-4.16	39.76	47.73
Earnings From Continuing Operations	1,785	1,431	1,092	833.85	989.54	1,041
Minority Interest in Earnings	-14.2	-6.05	-5.37	17.1	4.97	-11.75
Net Income	1,771	1,425	1,086	850.95	994.51	1,029
Net Income to Common	1,771	1,425	1,086	850.95	994.51	1,029
Net Income Growth	65.13%	31.15%	27.67%	-14.44%	-3.35%	25.48%
Shares Outstanding (Basic)	1,822	1,827	1,841	1,850	1,876	1,906
Shares Outstanding (Diluted)	1,822	1,827	1,841	1,850	1,876	1,906
Shares Change (YoY)	-1.35%	-0.79%	-0.46%	-1.41%	-1.53%	-4.73%
EPS (Basic)	0.97	0.78	0.59	0.46	0.53	0.54
EPS (Diluted)	0.97	0.78	0.59	0.46	0.53	0.54
EPS Growth	67.39%	32.20%	28.26%	-13.21%	-1.85%	31.71%
Free Cash Flow	1,990	846.83	1,036	623.46	427.64	876.64
Free Cash Flow Per Share	1.09	0.46	0.56	0.34	0.23	0.46
Dividend Per Share	0.290	0.280	0.210	0.160	0.160	0.160
Dividend Growth	31.82%	33.33%	31.25%	-	-	23.08%
Gross Margin	89.19%	87.34%	88.92%	84.04%	84.86%	83.17%
Operating Margin	27.05%	25.99%	27.95%	28.34%	24.17%	27.41%
Profit Margin	43.48%	48.75%	37.15%	41.76%	46.82%	46.41%
Free Cash Flow Margin	48.86%	28.97%	35.44%	30.60%	20.13%	39.54%
EBITDA	1,134	797.4	862.87	634.54	598.99	702.82
EBITDA Margin	27.84%	27.28%	29.51%	31.14%	28.20%	31.70%
D&A For EBITDA	32.07	37.89	45.65	56.95	85.64	95.06
EBIT	1,102	759.51	817.22	577.59	513.36	607.75
EBIT Margin	27.05%	25.99%	27.95%	28.34%	24.17%	27.41%
Effective Tax Rate	3.67%	1.13%	0.87%	-	3.86%	4.38%
Revenue as Reported	4,073	2,923	2,924	2,038	2,124	2,217
Advertising Expenses	-	612.99	746.15	225.69	213	209.12

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