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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	4,608	4,616	4,806	4,897	4,462	3,748
Other Revenue	80.76	80.76	116.91	74.8	139.88	115.47
Revenue	4,689	4,697	4,923	4,972	4,602	3,863
Revenue Growth (YoY)	-4.11%	-4.58%	-0.98%	8.02%	19.13%	53.03%
Cost of Revenue	3,102	3,086	3,124	3,075	2,895	2,429
Gross Profit	1,586	1,611	1,799	1,897	1,707	1,434
Selling, General & Admin	979.51	963.25	995.36	912.1	767.61	622.58
Research & Development	265.98	263.52	263.16	250.08	229.83	186.24
Other Operating Expenses	-27.72	-33.92	-54.8	-36.41	-29.28	-44.54
Operating Expenses	1,280	1,293	1,282	1,169	1,028	791.61
Operating Income	306.75	318.51	517.25	727.66	679.73	642.28
Interest Expense	-31.58	-25.84	-17.11	-18.29	-22.54	-13.98
Interest & Investment Income	62.52	36.85	55.72	54.02	10.29	6.29
Currency Exchange Gain (Loss)	3.67	3.67	-26.8	17.24	12.11	-9.91
Other Non Operating Income (Expenses)	-16.94	-4.39	-5.42	-6.13	-3.65	-1.9
EBT Excluding Unusual Items	324.42	328.8	523.65	774.51	675.94	622.78
Impairment of Goodwill	-12.04	-12.04	-88.03	-	-	-
Gain (Loss) on Sale of Investments	11.43	8.41	-1.21	1.83	-1.53	-0.16
Gain (Loss) on Sale of Assets	0.33	0.24	-0.84	0.57	0.35	0.02
Asset Writedown	-3.06	-1.22	0.06	-4.23	0.02	-2.53
Other Unusual Items	2.9	3.2	11.35	24.95	18.35	8.83
Pretax Income	323.98	327.37	444.98	797.62	693.13	628.94
Income Tax Expense	-30.39	-4.66	83.13	91.8	93.47	74.52
Earnings From Continuing Operations	354.36	332.03	361.85	705.82	599.66	554.42
Minority Interest in Earnings	-38.98	-12.41	-8.8	-46.92	-30	-24.6
Net Income	315.38	319.62	353.05	658.9	569.66	529.82
Net Income to Common	315.38	319.62	353.05	658.9	569.66	529.82
Net Income Growth	-8.13%	-9.47%	-46.42%	15.67%	7.52%	23.21%
Shares Outstanding (Basic)	1,052	1,048	1,048	1,054	915	908
Shares Outstanding (Diluted)	1,052	1,048	1,049	1,057	925	931
Shares Change (YoY)	1.10%	-0.08%	-0.78%	14.35%	-0.67%	4.42%
EPS (Basic)	0.30	0.30	0.34	0.62	0.62	0.58
EPS (Diluted)	0.30	0.30	0.34	0.62	0.62	0.57
EPS Growth	-9.13%	-9.39%	-46.00%	1.15%	8.24%	18.00%
Free Cash Flow	-66.57	-39.42	244.03	214.91	338.07	139.72
Free Cash Flow Per Share	-0.06	-0.04	0.23	0.20	0.37	0.15
Dividend Per Share	0.125	0.125	0.139	0.243	0.160	0.153
Dividend Growth	-10.01%	-10.01%	-42.86%	51.75%	4.98%	24.67%
Gross Margin	33.84%	34.30%	36.54%	38.15%	37.10%	37.11%
Operating Margin	6.54%	6.78%	10.51%	14.64%	14.77%	16.63%
Profit Margin	6.73%	6.80%	7.17%	13.25%	12.38%	13.71%
Free Cash Flow Margin	-1.42%	-0.84%	4.96%	4.32%	7.35%	3.62%
EBITDA	406.3	413.9	595.96	793.73	737.85	689.76
EBITDA Margin	8.67%	8.81%	12.11%	15.96%	16.03%	17.85%
D&A For EBITDA	99.55	95.38	78.72	66.07	58.12	47.47
EBIT	306.75	318.51	517.25	727.66	679.73	642.28
EBIT Margin	6.54%	6.78%	10.51%	14.64%	14.77%	16.63%
Effective Tax Rate	-	-	18.68%	11.51%	13.49%	11.85%
Revenue as Reported	4,689	4,697	4,923	4,972	4,602	3,863
Advertising Expenses	-	14.41	16.7	43.08	33.91	25.87

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