Toread Holdings Group 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	Jan '22 Jan 1, 2022
Operating Revenue	1,521	1,381	1,586	1,384	1,129	1,222
Other Revenue	-	-	5.89	6.23	10.2	20.64
Revenue	1,521	1,381	1,592	1,391	1,139	1,243
Revenue Growth (YoY)	-2.80%	-13.25%	14.44%	22.10%	-8.35%	36.23%
Cost of Revenue	827.99	726.33	906.47	805.98	633.25	768.96
Gross Profit	692.84	654.38	685.12	584.73	505.7	473.72
Selling, General & Admin	512.32	495.72	502.33	509.96	445.18	409.06
Research & Development	85.79	77	80.75	66.63	58.87	43.76
Other Operating Expenses	-5.43	-1.37	8.44	8.91	5.03	6.86
Operating Expenses	592.67	571.36	584.28	560.27	515.91	450.37
Operating Income	100.17	83.02	100.84	24.46	-10.21	23.35
Interest Expense	-	-	-7.3	-2.96	-3.03	-2.44
Interest & Investment Income	56.13	56.13	17.63	30.63	37.07	38.94
Currency Exchange Gain (Loss)	-	-	34.17	-5.69	-0.07	0
Other Non Operating Income (Expenses)	18.91	5.85	-2.86	1.4	-3.25	-0.52
EBT Excluding Unusual Items	175.22	145.01	142.48	47.84	20.51	59.33
Impairment of Goodwill	-	-	-48.99	-85.38	-8.96	-
Gain (Loss) on Sale of Investments	-8.04	3.82	8.12	78.98	42.49	1.9
Gain (Loss) on Sale of Assets	0.04	-0.13	0	0.41	0	0.01
Asset Writedown	-101.34	-104.29	-8.48	-0.17	-0.1	-0.02
Legal Settlements	-	-	-	-	-	-0.17
Other Unusual Items	-	-	10.72	8.79	5.88	11.14
Pretax Income	65.87	44.41	103.85	50.46	59.83	72.19
Income Tax Expense	-1.67	-2.24	29.09	7.7	5.76	18.4
Earnings From Continuing Operations	67.54	46.65	74.76	42.77	54.07	53.79
Minority Interest in Earnings	18.57	32.34	31.86	29.03	15.83	0.68
Net Income	86.11	78.99	106.62	71.8	69.89	54.47
Net Income to Common	86.11	78.99	106.62	71.8	69.89	54.47
Net Income Growth	1.58%	-25.92%	48.50%	2.72%	28.33%	-
Shares Outstanding (Basic)	845	845	851	878	882	884
Shares Outstanding (Diluted)	845	845	851	878	882	884
Shares Change (YoY)	0.04%	-0.72%	-3.05%	-0.54%	-0.19%	0.06%
EPS (Basic)	0.10	0.09	0.13	0.08	0.08	0.06
EPS (Diluted)	0.10	0.09	0.13	0.08	0.08	0.06
EPS Growth	1.54%	-25.38%	53.18%	3.28%	28.57%	-
Free Cash Flow	78.13	6.65	208.84	401.51	123	10.09
Free Cash Flow Per Share	0.09	0.01	0.24	0.46	0.14	0.01
Dividend Per Share	-	-	0.012	0.024	-	-
Dividend Growth	-	-	-50.00%	-	-	-
Gross Margin	45.56%	47.39%	43.05%	42.05%	44.40%	38.12%
Operating Margin	6.59%	6.01%	6.34%	1.76%	-0.90%	1.88%
Profit Margin	5.66%	5.72%	6.70%	5.16%	6.14%	4.38%
Free Cash Flow Margin	5.14%	0.48%	13.12%	28.87%	10.80%	0.81%
EBITDA	133.15	116.25	135.07	62.55	15.92	33.61
EBITDA Margin	8.76%	8.42%	8.49%	4.50%	1.40%	2.71%
D&A For EBITDA	32.98	33.23	34.23	38.09	26.13	10.26
EBIT	100.17	83.02	100.84	24.46	-10.21	23.35
EBIT Margin	6.59%	6.01%	6.34%	1.76%	-0.90%	1.88%
Effective Tax Rate	-	-	28.01%	15.26%	9.63%	25.49%
Revenue as Reported	-	-	1,592	1,391	1,139	1,243
Advertising Expenses	-	-	110.31	91.11	74.95	67.4

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