Valiant Co.,Ltd (SHE:002643)

Valiant Co.,Ltd 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	3,712	3,648	4,248	5,033	4,321	2,895
Other Revenue	44.98	44.98	57.58	47.01	37.37	22.9
Revenue	3,757	3,693	4,305	5,080	4,359	2,918
Revenue Growth (YoY)	-3.48%	-14.22%	-15.26%	16.56%	49.36%	1.67%
Cost of Revenue	2,396	2,333	2,533	3,231	2,834	1,646
Gross Profit	1,361	1,360	1,772	1,849	1,524	1,272
Selling, General & Admin	471.23	484.04	489.82	577.83	431.55	340.46
Research & Development	424.61	423.1	364.72	357.52	295.32	249.88
Other Operating Expenses	55.01	47.16	26.01	49.97	30.8	21.07
Operating Expenses	963.35	964.68	885.17	985.19	763.25	612.21
Operating Income	397.53	395.76	886.95	863.9	760.97	659.52
Interest Expense	-23.48	-29.93	-31.24	-26.48	-19.25	-14.01
Interest & Investment Income	19.51	15.32	23.06	16.07	16.24	13.52
Currency Exchange Gain (Loss)	23.28	23.28	24.3	88.6	-25.76	-48.27
Other Non Operating Income (Expenses)	-16.58	0.28	-4.23	-5.67	-2.39	-2.89
EBT Excluding Unusual Items	400.25	404.7	898.84	936.42	729.83	607.87
Impairment of Goodwill	-40.08	-40.08	-	-	-	-
Gain (Loss) on Sale of Investments	-3.72	-0.46	0.61	0.08	1.51	0.33
Gain (Loss) on Sale of Assets	0.08	0.19	0.09	0.29	0.5	0.12
Asset Writedown	-19	-0.75	-0.42	-5.96	-1.09	-2.73
Legal Settlements	16.23	16.23	-	-	-	-
Other Unusual Items	35.49	35.49	49.96	19.47	36.31	24.68
Pretax Income	389.44	415.51	951.14	950.7	767.2	630.38
Income Tax Expense	4.62	32.27	69.47	126.53	77.14	79.19
Earnings From Continuing Operations	384.82	383.24	881.67	824.16	690.06	551.19
Minority Interest in Earnings	-128.86	-136.96	-118.66	-102.83	-63.4	-46.48
Net Income	255.97	246.28	763.01	721.33	626.66	504.71
Net Income to Common	255.97	246.28	763.01	721.33	626.66	504.71
Net Income Growth	-47.06%	-67.72%	5.78%	15.11%	24.16%	-0.39%
Shares Outstanding (Basic)	948	947	908	913	908	901
Shares Outstanding (Diluted)	948	947	908	913	908	901
Shares Change (YoY)	3.42%	4.28%	-0.52%	0.54%	0.77%	-0.39%
EPS (Basic)	0.27	0.26	0.84	0.79	0.69	0.56
EPS (Diluted)	0.27	0.26	0.84	0.79	0.69	0.56
EPS Growth	-48.81%	-69.05%	6.33%	14.49%	23.21%	-
Free Cash Flow	304.3	-12.16	-311.9	-311.99	313.21	-100.48
Free Cash Flow Per Share	0.32	-0.01	-0.34	-0.34	0.34	-0.11
Dividend Per Share	0.100	0.100	0.300	0.295	0.255	0.205
Dividend Growth	-66.67%	-66.67%	1.70%	15.69%	24.39%	0.49%
Gross Margin	36.22%	36.84%	41.16%	36.40%	34.97%	43.58%
Operating Margin	10.58%	10.72%	20.60%	17.00%	17.46%	22.60%
Profit Margin	6.81%	6.67%	17.72%	14.20%	14.38%	17.30%
Free Cash Flow Margin	8.10%	-0.33%	-7.25%	-6.14%	7.19%	-3.44%
EBITDA	818.73	822.61	1,321	1,261	1,054	677.48
EBITDA Margin	21.79%	22.27%	30.69%	24.83%	24.19%	23.22%
D&A For EBITDA	421.2	426.85	434.38	397.45	293.13	17.95
EBIT	397.53	395.76	886.95	863.9	760.97	659.52
EBIT Margin	10.58%	10.72%	20.60%	17.00%	17.46%	22.60%
Effective Tax Rate	1.19%	7.77%	7.30%	13.31%	10.05%	12.56%
Revenue as Reported	3,757	3,693	4,305	5,080	4,359	2,918
Advertising Expenses	-	6.51	7.2	5.4	8.15	7.95

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