Jade Bird Fire 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	4,644	4,806	4,897	4,462	3,748	2,458
Other Revenue	116.91	116.91	74.8	139.88	115.47	66.45
Revenue	4,761	4,923	4,972	4,602	3,863	2,525
Revenue Growth (YoY)	-1.79%	-0.98%	8.02%	19.13%	53.03%	11.16%
Cost of Revenue	3,102	3,124	3,075	2,895	2,429	1,535
Gross Profit	1,659	1,799	1,897	1,707	1,434	989.48
Selling, General & Admin	972.91	995.36	912.1	767.61	622.58	386.7
Research & Development	228.47	263.16	250.08	229.83	186.24	137.84
Other Operating Expenses	-23.05	-54.8	-36.41	-29.28	-44.54	-23.58
Operating Expenses	1,273	1,282	1,169	1,028	791.61	535.71
Operating Income	386.12	517.25	727.66	679.73	642.28	453.77
Interest Expense	-25.46	-17.11	-18.29	-22.54	-13.98	-12.04
Interest & Investment Income	42.42	55.72	54.02	10.29	6.29	39.2
Currency Exchange Gain (Loss)	-26.8	-26.8	17.24	12.11	-9.91	-10.91
Other Non Operating Income (Expenses)	21.65	-5.42	-6.13	-3.65	-1.9	-2.07
EBT Excluding Unusual Items	397.93	523.65	774.51	675.94	622.78	467.94
Impairment of Goodwill	-88.03	-88.03	-	-	-	-5
Gain (Loss) on Sale of Investments	4.55	-1.21	1.83	-1.53	-0.16	-0.64
Gain (Loss) on Sale of Assets	0.14	-0.84	0.57	0.35	0.02	0.02
Asset Writedown	-3.02	0.06	-4.23	0.02	-2.53	-0.12
Other Unusual Items	15.75	11.35	24.95	18.35	8.83	22.99
Pretax Income	327.32	444.98	797.62	693.13	628.94	485.18
Income Tax Expense	61.23	83.13	91.8	93.47	74.52	46.05
Earnings From Continuing Operations	266.09	361.85	705.82	599.66	554.42	439.14
Minority Interest in Earnings	-10.31	-8.8	-46.92	-30	-24.6	-9.1
Net Income	255.78	353.05	658.9	569.66	529.82	430.03
Net Income to Common	255.78	353.05	658.9	569.66	529.82	430.03
Net Income Growth	-47.66%	-46.42%	15.67%	7.52%	23.21%	18.72%
Shares Outstanding (Basic)	867	873	879	762	757	733
Shares Outstanding (Diluted)	867	874	881	771	776	743
Shares Change (YoY)	-2.73%	-0.77%	14.34%	-0.66%	4.39%	21.53%
EPS (Basic)	0.29	0.40	0.75	0.75	0.70	0.59
EPS (Diluted)	0.29	0.40	0.75	0.74	0.68	0.58
EPS Growth	-46.20%	-46.00%	1.16%	8.23%	18.02%	-2.31%
Free Cash Flow	-104.3	244.03	214.91	338.07	139.72	266.14
Free Cash Flow Per Share	-0.12	0.28	0.24	0.44	0.18	0.36
Dividend Per Share	0.167	0.167	0.292	0.192	0.183	0.147
Dividend Growth	-42.85%	-42.85%	51.69%	5.03%	24.56%	53.61%
Gross Margin	34.84%	36.54%	38.15%	37.10%	37.11%	39.19%
Operating Margin	8.11%	10.51%	14.64%	14.77%	16.63%	17.97%
Profit Margin	5.37%	7.17%	13.25%	12.38%	13.71%	17.03%
Free Cash Flow Margin	-2.19%	4.96%	4.32%	7.35%	3.62%	10.54%
EBITDA	470.95	594.04	793.73	737.85	689.76	486.34
EBITDA Margin	9.89%	12.07%	15.96%	16.03%	17.85%	19.26%
D&A For EBITDA	84.83	76.79	66.07	58.12	47.47	32.57
EBIT	386.12	517.25	727.66	679.73	642.28	453.77
EBIT Margin	8.11%	10.51%	14.64%	14.77%	16.63%	17.97%
Effective Tax Rate	18.71%	18.68%	11.51%	13.49%	11.85%	9.49%
Revenue as Reported	4,761	4,923	4,972	4,602	3,863	2,525
Advertising Expenses	-	16.7	43.08	33.91	25.87	18.73

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.