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 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	Dec '21 Dec 31, 2021
Operating Revenue	6,641	5,036	2,919	2,910	2,025	2,111
Other Revenue	11.21	11.21	4.24	13.76	12.71	12.79
Revenue	6,652	5,047	2,923	2,924	2,038	2,124
Revenue Growth (YoY)	125.48%	72.69%	-0.04%	43.50%	-4.08%	-4.20%
Cost of Revenue	497.04	452.58	370.04	323.94	325.29	321.73
Gross Profit	6,155	4,595	2,553	2,600	1,712	1,803
Selling, General & Admin	2,388	1,949	1,226	1,198	544.48	623.1
Research & Development	998.21	842.47	691.45	691.99	642.58	713.36
Other Operating Expenses	-26.16	-70.47	-128.79	-108.72	-53.58	-89.22
Operating Expenses	3,361	2,722	1,788	1,782	1,135	1,289
Operating Income	2,794	1,872	764.78	818.39	577.59	513.36
Interest Expense	-20.67	-22	-24.55	-21.51	-17.8	-17.63
Interest & Investment Income	84.32	35.76	682.25	504.87	392.57	667.01
Currency Exchange Gain (Loss)	0.3	0.3	-0.45	-0.44	-0.83	0.23
Other Non Operating Income (Expenses)	-2.84	-0.17	5.73	-0.76	-6.85	-3.05
EBT Excluding Unusual Items	2,855	1,886	1,428	1,301	944.68	1,160
Impairment of Goodwill	-	-	-	-17.22	-	-
Gain (Loss) on Sale of Investments	68.52	88.67	15.98	-192.47	-152.73	-109.33
Gain (Loss) on Sale of Assets	-1.27	-1.09	-2.88	-0.58	-0.96	-15.39
Asset Writedown	-	-	-	-	-	-9.09
Other Unusual Items	17.29	18.23	6.49	11.16	38.7	3.2
Pretax Income	2,939	1,992	1,447	1,101	829.69	1,029
Income Tax Expense	350.71	223.78	16.4	9.6	-4.16	39.76
Earnings From Continuing Operations	2,589	1,768	1,431	1,092	833.85	989.54
Minority Interest in Earnings	-101.51	-13.83	-6.05	-5.37	17.1	4.97
Net Income	2,487	1,755	1,425	1,086	850.95	994.51
Net Income to Common	2,487	1,755	1,425	1,086	850.95	994.51
Net Income Growth	75.10%	23.13%	31.15%	27.67%	-14.44%	-3.35%
Shares Outstanding (Basic)	1,883	1,867	1,827	1,841	1,850	1,876
Shares Outstanding (Diluted)	1,883	1,867	1,827	1,841	1,850	1,876
Shares Change (YoY)	3.40%	2.17%	-0.79%	-0.46%	-1.41%	-1.53%
EPS (Basic)	1.32	0.94	0.78	0.59	0.46	0.53
EPS (Diluted)	1.32	0.94	0.78	0.59	0.46	0.53
EPS Growth	69.35%	20.51%	32.20%	28.26%	-13.21%	-1.85%
Free Cash Flow	3,985	2,874	846.83	1,036	623.46	427.64
Free Cash Flow Per Share	2.12	1.54	0.46	0.56	0.34	0.23
Dividend Per Share	0.340	0.340	0.280	0.210	0.160	0.160
Dividend Growth	21.43%	21.43%	33.33%	31.25%	-	-
Gross Margin	92.53%	91.03%	87.34%	88.92%	84.04%	84.86%
Operating Margin	42.00%	37.10%	26.17%	27.99%	28.34%	24.17%
Profit Margin	37.39%	34.76%	48.75%	37.15%	41.76%	46.82%
Free Cash Flow Margin	59.91%	56.95%	28.97%	35.44%	30.60%	20.13%
EBITDA	2,837	1,916	811.53	864.04	634.54	598.99
EBITDA Margin	42.64%	37.96%	27.77%	29.55%	31.14%	28.20%
D&A For EBITDA	43.11	43.84	46.75	45.65	56.95	85.64
EBIT	2,794	1,872	764.78	818.39	577.59	513.36
EBIT Margin	42.00%	37.10%	26.17%	27.99%	28.34%	24.17%
Effective Tax Rate	11.93%	11.23%	1.13%	0.87%	-	3.86%
Revenue as Reported	6,652	5,047	2,923	2,924	2,038	2,124
Advertising Expenses	-	1,196	612.99	746.15	225.69	213

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