Luyan Pharma 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	20,840	20,398	19,785	19,406	17,508	15,499
Other Revenue	72.73	72.73	60.56	56.58	37.16	36.03
Revenue	20,913	20,471	19,846	19,463	17,545	15,535
Revenue Growth (YoY)	2.09%	3.15%	1.97%	10.93%	12.94%	3.51%
Cost of Revenue	19,419	18,948	18,339	17,950	16,179	14,308
Gross Profit	1,494	1,523	1,506	1,512	1,366	1,227
Selling, General & Admin	824.25	789.17	750.99	731.55	701.2	623.69
Research & Development	6.48	5.85	5.53	4.15	2.97	3.77
Other Operating Expenses	54.58	46.9	42.15	41.59	37.85	37.05
Operating Expenses	873.58	838.39	811.62	809.68	765.63	676.89
Operating Income	619.94	684.26	694.86	702.35	600.39	550.18
Interest Expense	-188.8	-206.68	-222.85	-219.1	-190.28	-163.93
Interest & Investment Income	3.07	3.84	5.14	3.86	5.18	3.47
Currency Exchange Gain (Loss)	-0.95	-0.95	-0.03	0.1	0.01	0.04
Other Non Operating Income (Expenses)	-10.92	-12.08	-6.95	-22.91	-13.14	-13.98
EBT Excluding Unusual Items	422.34	468.38	470.16	464.3	402.15	375.78
Impairment of Goodwill	-	-	-	-	-1.89	-17.5
Gain (Loss) on Sale of Investments	-16.64	-18.73	-12.16	-6.92	-2.14	-2
Gain (Loss) on Sale of Assets	0.23	0.17	0.28	0.13	-0.53	0.03
Asset Writedown	-1.74	-0.09	-0.13	-0.03	-1.7	-1.96
Legal Settlements	-	-	-	-	-	-1.26
Other Unusual Items	3.53	3.53	11.27	8.54	19.33	18.07
Pretax Income	407.72	453.27	469.42	466.01	415.22	371.16
Income Tax Expense	99.46	105.58	104.93	115.04	110.6	104.3
Earnings From Continuing Operations	308.26	347.7	364.49	350.97	304.61	266.86
Minority Interest in Earnings	-0.3	-2.05	-0.96	-5.82	1.26	-0.24
Net Income	307.96	345.64	363.53	345.16	305.87	266.63
Net Income to Common	307.96	345.64	363.53	345.16	305.87	266.63
Net Income Growth	-14.19%	-4.92%	5.32%	12.84%	14.72%	4.20%
Shares Outstanding (Basic)	385	388	387	388	387	360
Shares Outstanding (Diluted)	385	388	387	388	387	360
Shares Change (YoY)	-0.25%	0.42%	-0.28%	0.17%	7.46%	9.83%
EPS (Basic)	0.80	0.89	0.94	0.89	0.79	0.74
EPS (Diluted)	0.80	0.89	0.94	0.89	0.79	0.74
EPS Growth	-13.98%	-5.32%	5.62%	12.66%	6.76%	-5.13%
Free Cash Flow	337.61	216.36	779.91	-95.4	-615.51	-110.35
Free Cash Flow Per Share	0.88	0.56	2.02	-0.25	-1.59	-0.31
Dividend Per Share	0.350	0.350	0.300	0.300	0.300	0.200
Dividend Growth	16.67%	16.67%	-	-	50.00%	33.33%
Gross Margin	7.14%	7.44%	7.59%	7.77%	7.79%	7.90%
Operating Margin	2.96%	3.34%	3.50%	3.61%	3.42%	3.54%
Profit Margin	1.47%	1.69%	1.83%	1.77%	1.74%	1.72%
Free Cash Flow Margin	1.61%	1.06%	3.93%	-0.49%	-3.51%	-0.71%
EBITDA	692.35	750.86	753.71	757.8	654.87	598.64
EBITDA Margin	3.31%	3.67%	3.80%	3.89%	3.73%	3.85%
D&A For EBITDA	72.41	66.6	58.85	55.45	54.48	48.46
EBIT	619.94	684.26	694.86	702.35	600.39	550.18
EBIT Margin	2.96%	3.34%	3.50%	3.61%	3.42%	3.54%
Effective Tax Rate	24.39%	23.29%	22.35%	24.69%	26.64%	28.10%
Revenue as Reported	20,913	20,471	19,846	19,463	17,545	15,535
Advertising Expenses	-	4.06	1.27	1.94	1.7	1.47

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