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	Jun '26 Jun 30, 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	8,063	5,036	2,919	2,910	2,025	2,111
Other Revenue	10.54	11.21	4.24	13.76	12.71	12.79
Revenue	8,074	5,047	2,923	2,924	2,038	2,124
Revenue Growth	155.67%	72.69%	-0.04%	43.50%	-4.08%	-4.20%
Cost of Revenue	496.69	452.58	370.04	323.94	325.29	321.73
Gross Profit	7,577	4,595	2,553	2,600	1,712	1,803
Selling, General & Admin	2,708	1,949	1,226	1,198	544.48	623.1
Research & Development	1,069	842.47	691.45	691.99	642.58	713.36
Other Operating Expenses	16.22	-70.47	-128.79	-108.72	-53.58	-89.22
Operating Expenses	3,794	2,722	1,788	1,782	1,135	1,289
Operating Income	3,783	1,872	764.78	818.39	577.59	513.36
Interest Expense	-29.06	-22	-24.55	-21.51	-17.8	-17.63
Interest & Investment Income	-	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)	-4.61	-0.17	5.73	-0.76	-6.85	-3.05
EBT Excluding Unusual Items	3,750	1,886	1,428	1,301	944.68	1,160
Impairment of Goodwill	-	-	-	-17.22	-	-
Gain (Loss) on Sale of Investments	32.26	88.67	15.98	-192.47	-152.73	-109.33
Gain (Loss) on Sale of Assets	-1.29	-1.09	-2.88	-0.58	-0.96	-15.39
Asset Writedown	-	-	-	-	-	-9.09
Other Unusual Items	36.43	18.23	6.49	11.16	38.7	3.2
Pretax Income	3,817	1,992	1,447	1,101	829.69	1,029
Income Tax Expense	545.15	223.78	16.4	9.6	-4.16	39.76
Earnings From Continuing Operations	3,272	1,768	1,431	1,092	833.85	989.54
Minority Interest in Earnings	-150.41	-13.83	-6.05	-5.37	17.1	4.97
Net Income	3,122	1,755	1,425	1,086	850.95	994.51
Net Income to Common	3,122	1,755	1,425	1,086	850.95	994.51
Net Income Growth	110.33%	23.13%	31.15%	27.67%	-14.44%	-3.35%
Shares Outstanding (Basic)	1,890	1,867	1,827	1,841	1,850	1,876
Shares Outstanding (Diluted)	1,890	1,867	1,827	1,841	1,850	1,876
Shares Change	3.20%	2.17%	-0.79%	-0.46%	-1.41%	-1.53%
EPS (Basic)	1.65	0.94	0.78	0.59	0.46	0.53
EPS (Diluted)	1.65	0.94	0.78	0.59	0.46	0.53
EPS Growth	103.81%	20.51%	32.20%	28.26%	-13.21%	-1.85%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	4,208	2,874	846.83	1,036	623.46	427.64
Free Cash Flow Per Share	2.23	1.54	0.46	0.56	0.34	0.23
Dividend Per Share	0.990	0.340	0.280	0.210	0.160	0.160
Dividend Growth	241.38%	21.43%	33.33%	31.25%	0%	0%
Gross Margin	93.85%	91.03%	87.34%	88.92%	84.04%	84.86%
Operating Margin	46.86%	37.10%	26.17%	27.99%	28.34%	24.17%
Profit Margin	38.66%	34.76%	48.75%	37.15%	41.76%	46.82%
Free Cash Flow Margin	52.12%	56.95%	28.97%	35.44%	30.60%	20.13%
EBITDA	3,832	1,916	811.53	864.04	634.54	598.99
EBITDA Margin	47.46%	37.96%	27.77%	29.55%	31.14%	28.20%
D&A For EBITDA	48.25	43.84	46.75	45.65	56.95	85.64
EBIT	3,783	1,872	764.78	818.39	577.59	513.36
EBIT Margin	46.86%	37.10%	26.17%	27.99%	28.34%	24.17%
Effective Tax Rate	14.28%	11.23%	1.13%	0.87%	-	3.86%
Revenue as Reported	8,074	5,047	2,923	2,924	2,038	2,124
Advertising Expenses	-	1,196	612.99	746.15	225.69	213