Xin Hee Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	1,480	1,393	1,746	1,730	2,089
Other Revenue	-	11.93	13.03	12.89	12.69
Revenue	1,480	1,405	1,759	1,743	2,102
Revenue Growth (YoY)	5.35%	-20.10%	0.93%	-17.09%	14.66%
Cost of Revenue	495.01	576.5	617.57	612.61	678.87
Gross Profit	985.46	828.79	1,141	1,130	1,423
Selling, General & Admin	828.57	854.16	944.97	896.83	977.62
Research & Development	61.14	61.77	78.06	78.08	72.17
Other Operating Expenses	17.34	17.98	20.78	20.86	21.7
Operating Expenses	907.05	940.56	1,037	1,004	1,075
Operating Income	78.41	-111.77	104.23	125.88	347.58
Interest Expense	-	-8.55	-5.31	-4.26	-6.25
Interest & Investment Income	11.15	22.4	24.86	26.29	33.91
Currency Exchange Gain (Loss)	-	-0.03	0.15	0.01	0
Other Non Operating Income (Expenses)	10.18	-1.01	-1.12	-0.58	-1.76
EBT Excluding Unusual Items	99.74	-98.97	122.81	147.34	373.48
Gain (Loss) on Sale of Investments	8.38	8.42	6.74	6.32	6
Gain (Loss) on Sale of Assets	-0.02	0.05	-0.01	0.26	0
Asset Writedown	-85.05	-0.33	-4.09	-0.54	-1.24
Other Unusual Items	-	3.24	11.97	23.27	9.67
Pretax Income	23.05	-87.59	137.42	176.64	387.91
Income Tax Expense	5.24	-20.21	37.29	47.51	99.57
Earnings From Continuing Operations	17.8	-67.38	100.14	129.13	288.34
Minority Interest in Earnings	0.14	-	-	-	-
Net Income	17.94	-67.38	100.14	129.13	288.34
Net Income to Common	17.94	-67.38	100.14	129.13	288.34
Net Income Growth	-	-	-22.45%	-55.22%	61.76%
Shares Outstanding (Basic)	418	418	418	425	431
Shares Outstanding (Diluted)	419	418	418	425	431
Shares Change (YoY)	0.18%	0.01%	-1.52%	-1.51%	27.71%
EPS (Basic)	0.04	-0.16	0.24	0.30	0.67
EPS (Diluted)	0.04	-0.16	0.24	0.30	0.67
EPS Growth	-	-	-21.26%	-54.53%	26.66%
Free Cash Flow	232.36	46.45	114.39	-9.04	187.07
Free Cash Flow Per Share	0.55	0.11	0.27	-0.02	0.43
Dividend Per Share	-	-	0.230	0.300	0.600
Dividend Growth	-	-	-23.33%	-50.00%	50.00%
Gross Margin	66.56%	58.98%	64.89%	64.84%	67.70%
Operating Margin	5.30%	-7.95%	5.93%	7.22%	16.54%
Profit Margin	1.21%	-4.79%	5.69%	7.41%	13.72%
Free Cash Flow Margin	15.70%	3.31%	6.50%	-0.52%	8.90%
EBITDA	124.55	-69.52	150.3	162.2	370.81
EBITDA Margin	8.41%	-4.95%	8.55%	9.31%	17.64%
D&A For EBITDA	46.13	42.24	46.08	36.32	23.24
EBIT	78.41	-111.77	104.23	125.88	347.58
EBIT Margin	5.30%	-7.95%	5.93%	7.22%	16.54%
Effective Tax Rate	22.76%	-	27.13%	26.90%	25.67%
Revenue as Reported	-	1,405	1,759	1,743	2,102
Advertising Expenses	-	53.74	21.95	26.78	24.21

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