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	Sep '26 Sep 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	1,747	1,372	1,586	1,384	1,129	1,222
Other Revenue	8.83	8.83	5.89	6.23	10.2	20.64
Revenue	1,756	1,381	1,592	1,391	1,139	1,243
Revenue Growth	22.20%	-13.25%	14.44%	22.10%	-8.35%	36.23%
Cost of Revenue	1,079	793.8	906.47	805.98	633.25	768.96
Gross Profit	676.4	586.92	685.12	584.73	505.7	473.72
Selling, General & Admin	530.89	495.72	502.33	509.96	445.18	409.06
Research & Development	99.79	77	80.75	66.63	58.87	43.76
Other Operating Expenses	-1.04	6.21	8.44	8.91	5.03	6.86
Operating Expenses	625.39	570.18	584.28	560.27	515.91	450.37
Operating Income	51.01	16.74	100.84	24.46	-10.21	23.35
Interest Expense	-11.47	-6.66	-7.3	-2.96	-3.03	-2.44
Interest & Investment Income	65.99	68.44	17.63	30.63	37.07	38.94
Currency Exchange Gain (Loss)	-9.4	-9.4	34.17	-5.69	-0.07	0
Other Non Operating Income (Expenses)	-0.67	0.24	-2.86	1.4	-3.25	-0.52
EBT Excluding Unusual Items	95.47	69.37	142.48	47.84	20.51	59.33
Impairment of Goodwill	-	-	-48.99	-85.38	-8.96	-
Gain (Loss) on Sale of Investments	-27.6	3.82	8.12	78.98	42.49	1.9
Gain (Loss) on Sale of Assets	0.03	-0.13	0	0.41	0	0.01
Asset Writedown	-57.78	-36.84	-8.48	-0.17	-0.1	-0.02
Legal Settlements	-	-	-	-	-	-0.17
Other Unusual Items	18.22	8.18	10.72	8.79	5.88	11.14
Pretax Income	28.34	44.41	103.85	50.46	59.83	72.19
Income Tax Expense	-9.33	-2.24	29.09	7.7	5.76	18.4
Earnings From Continuing Operations	37.67	46.65	74.76	42.77	54.07	53.79
Minority Interest in Earnings	1.43	32.34	31.86	29.03	15.83	0.68
Net Income	39.1	78.99	106.62	71.8	69.89	54.47
Net Income to Common	39.1	78.99	106.62	71.8	69.89	54.47
Net Income Growth	3.14%	-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	0.09%	-0.72%	-3.05%	-0.54%	-0.19%	0.06%
EPS (Basic)	0.05	0.09	0.13	0.08	0.08	0.06
EPS (Diluted)	0.05	0.09	0.13	0.08	0.08	0.06
EPS Growth	3.04%	-25.38%	53.18%	3.28%	28.57%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	20.72	6.65	208.84	401.51	123	10.09
Free Cash Flow Per Share	0.03	0.01	0.24	0.46	0.14	0.01
Dividend Per Share	0.010	0.010	0.012	0.024	-	-
Dividend Growth	-16.67%	-16.67%	-50.00%	-	-	-
Gross Margin	38.53%	42.51%	43.05%	42.05%	44.40%	38.12%
Operating Margin	2.91%	1.21%	6.34%	1.76%	-0.90%	1.88%
Profit Margin	2.23%	5.72%	6.70%	5.16%	6.14%	4.38%
Free Cash Flow Margin	1.18%	0.48%	13.12%	28.87%	10.80%	0.81%
EBITDA	79.38	48.48	137.07	62.55	15.92	33.61
EBITDA Margin	4.52%	3.51%	8.61%	4.50%	1.40%	2.71%
D&A For EBITDA	28.37	31.74	36.23	38.09	26.13	10.26
EBIT	51.01	16.74	100.84	24.46	-10.21	23.35
EBIT Margin	2.91%	1.21%	6.34%	1.76%	-0.90%	1.88%
Effective Tax Rate	-	-	28.01%	15.26%	9.63%	25.49%
Revenue as Reported	1,756	1,381	1,592	1,391	1,139	1,243
Advertising Expenses	-	133.02	110.31	91.11	74.95	67.4