Xin Hee 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	Jun '26 Jun 30, 2026	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	1,528	1,467	1,393	1,746	1,730	2,089
Other Revenue	7.27	13.38	11.93	13.03	12.89	12.69
Revenue	1,535	1,480	1,405	1,759	1,743	2,102
Revenue Growth	8.81%	5.35%	-20.10%	0.93%	-17.09%	14.66%
Cost of Revenue	498.21	575.91	575.68	617.57	612.61	678.87
Gross Profit	1,037	904.56	829.61	1,141	1,130	1,423
Selling, General & Admin	868.1	828.13	854.98	944.97	896.83	977.62
Research & Development	63.31	61.14	61.77	78.06	78.08	72.17
Other Operating Expenses	22.04	23.24	17.98	20.78	20.86	21.7
Operating Expenses	956.49	914.2	941.38	1,037	1,004	1,075
Operating Income	80.33	-9.63	-111.77	104.23	125.88	347.58
Interest Expense	-4.32	-8.39	-8.55	-5.31	-4.26	-6.25
Interest & Investment Income	27.66	32.3	22.4	24.86	26.29	33.91
Currency Exchange Gain (Loss)	-0.38	-0.13	-0.03	0.15	0.01	0
Other Non Operating Income (Expenses)	5.29	-0.48	-1.01	-1.12	-0.58	-1.76
EBT Excluding Unusual Items	108.58	13.67	-98.97	122.81	147.34	373.48
Gain (Loss) on Sale of Investments	7.1	8.38	8.42	6.74	6.32	6
Gain (Loss) on Sale of Assets	-0.11	-0.02	0.05	-0.01	0.26	0
Asset Writedown	-54.52	-4.83	-0.33	-4.09	-0.54	-1.24
Other Unusual Items	0.03	5.85	3.24	11.97	23.27	9.67
Pretax Income	61.09	23.05	-87.59	137.42	176.64	387.91
Income Tax Expense	14.25	5.24	-20.21	37.29	47.51	99.57
Earnings From Continuing Operations	46.83	17.8	-67.38	100.14	129.13	288.34
Minority Interest in Earnings	0	0.14	-	-	-	-
Net Income	46.84	17.94	-67.38	100.14	129.13	288.34
Net Income to Common	46.84	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	418	425	431
Shares Outstanding (Diluted)	419	419	418	418	425	431
Shares Change	-0.06%	0.18%	0.01%	-1.52%	-1.51%	27.71%
EPS (Basic)	0.11	0.04	-0.16	0.24	0.30	0.67
EPS (Diluted)	0.11	0.04	-0.16	0.24	0.30	0.67
EPS Growth	-	-	-	-21.26%	-54.53%	26.66%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Free Cash Flow	250.02	232.36	46.45	114.39	-9.04	187.07
Free Cash Flow Per Share	0.60	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	67.54%	61.10%	59.04%	64.89%	64.84%	67.70%
Operating Margin	5.23%	-0.65%	-7.95%	5.93%	7.22%	16.54%
Profit Margin	3.05%	1.21%	-4.79%	5.69%	7.41%	13.72%
Free Cash Flow Margin	16.29%	15.70%	3.31%	6.50%	-0.52%	8.90%
EBITDA	122.8	31.49	-64.64	150.3	162.2	370.81
EBITDA Margin	8.00%	2.13%	-4.60%	8.55%	9.31%	17.64%
D&A For EBITDA	42.47	41.13	47.13	46.08	36.32	23.24
EBIT	80.33	-9.63	-111.77	104.23	125.88	347.58
EBIT Margin	5.23%	-0.65%	-7.95%	5.93%	7.22%	16.54%
Effective Tax Rate	23.33%	22.76%	-	27.13%	26.90%	25.67%
Revenue as Reported	773.63	1,480	1,405	1,759	1,743	2,102
Advertising Expenses	-	49.38	53.74	21.95	26.78	24.21