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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	3,558	3,648	4,248	5,033	4,321	2,895
Other Revenue	48.99	44.98	57.58	47.01	37.37	22.9
Revenue	3,607	3,693	4,305	5,080	4,359	2,918
Revenue Growth (YoY)	-13.88%	-14.22%	-15.26%	16.56%	49.36%	1.67%
Cost of Revenue	2,306	2,333	2,533	3,231	2,834	1,646
Gross Profit	1,301	1,360	1,772	1,849	1,524	1,272
Selling, General & Admin	458.81	484.04	489.82	577.83	431.55	340.46
Research & Development	416.47	423.1	364.72	357.52	295.32	249.88
Other Operating Expenses	69.83	47.16	26.01	49.97	30.8	21.07
Operating Expenses	956.65	964.68	885.17	985.19	763.25	612.21
Operating Income	344.73	395.76	886.95	863.9	760.97	659.52
Interest Expense	-25.75	-29.93	-31.24	-26.48	-19.25	-14.01
Interest & Investment Income	18.82	15.32	23.06	16.07	16.24	13.52
Currency Exchange Gain (Loss)	20.42	23.28	24.3	88.6	-25.76	-48.27
Other Non Operating Income (Expenses)	-1.68	0.28	-4.23	-5.67	-2.39	-2.89
EBT Excluding Unusual Items	356.52	404.7	898.84	936.42	729.83	607.87
Impairment of Goodwill	-40.08	-40.08	-	-	-	-
Gain (Loss) on Sale of Investments	-1.36	-0.46	0.61	0.08	1.51	0.33
Gain (Loss) on Sale of Assets	0.15	0.19	0.09	0.29	0.5	0.12
Asset Writedown	0.18	-0.75	-0.42	-5.96	-1.09	-2.73
Legal Settlements	16.23	16.23	-	-	-	-
Other Unusual Items	49.17	35.49	49.96	19.47	36.31	24.68
Pretax Income	381.31	415.51	951.14	950.7	767.2	630.38
Income Tax Expense	15.82	32.27	69.47	126.53	77.14	79.19
Earnings From Continuing Operations	365.49	383.24	881.67	824.16	690.06	551.19
Minority Interest in Earnings	-116.31	-136.96	-118.66	-102.83	-63.4	-46.48
Net Income	249.18	246.28	763.01	721.33	626.66	504.71
Net Income to Common	249.18	246.28	763.01	721.33	626.66	504.71
Net Income Growth	-57.69%	-67.72%	5.78%	15.11%	24.16%	-0.39%
Shares Outstanding (Basic)	954	947	908	913	908	901
Shares Outstanding (Diluted)	954	947	908	913	908	901
Shares Change (YoY)	3.24%	4.28%	-0.52%	0.54%	0.77%	-0.39%
EPS (Basic)	0.26	0.26	0.84	0.79	0.69	0.56
EPS (Diluted)	0.26	0.26	0.84	0.79	0.69	0.56
EPS Growth	-59.02%	-69.05%	6.33%	14.49%	23.21%	-
Free Cash Flow	95.81	-12.16	-311.9	-311.99	313.21	-100.48
Free Cash Flow Per Share	0.10	-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	36.08%	36.84%	41.16%	36.40%	34.97%	43.58%
Operating Margin	9.56%	10.72%	20.60%	17.00%	17.46%	22.60%
Profit Margin	6.91%	6.67%	17.72%	14.20%	14.38%	17.30%
Free Cash Flow Margin	2.66%	-0.33%	-7.25%	-6.14%	7.19%	-3.44%
EBITDA	761.81	822.61	1,321	1,261	1,054	677.48
EBITDA Margin	21.12%	22.27%	30.69%	24.83%	24.19%	23.22%
D&A For EBITDA	417.08	426.85	434.38	397.45	293.13	17.95
EBIT	344.73	395.76	886.95	863.9	760.97	659.52
EBIT Margin	9.56%	10.72%	20.60%	17.00%	17.46%	22.60%
Effective Tax Rate	4.15%	7.77%	7.30%	13.31%	10.05%	12.56%
Revenue as Reported	3,607	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.