Zhejiang Huace Film & TV 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	2,623	2,816	1,929	2,258	2,465	3,793
Other Revenue	12.43	12.43	10.52	9.89	10.34	14.23
Revenue	2,635	2,828	1,939	2,267	2,475	3,807
Revenue Growth (YoY)	12.22%	45.87%	-14.48%	-8.38%	-34.99%	2.00%
Cost of Revenue	2,049	2,242	1,369	1,638	1,650	2,955
Gross Profit	586.2	586.45	570.01	629.75	824.52	852.01
Selling, General & Admin	356.68	352.21	328.02	344.33	464.05	557.82
Research & Development	28.26	30.22	23.87	25.09	14.69	10.43
Other Operating Expenses	5.94	6.3	5.28	-4.81	6.31	7.92
Operating Expenses	411.68	410.61	370.18	347.68	520.24	563.54
Operating Income	174.53	175.84	199.83	282.07	304.28	288.48
Interest Expense	-70.57	-61.41	-32.61	-23.31	-17.55	-12.37
Interest & Investment Income	87.19	79.38	89.08	90.32	108.96	80.63
Currency Exchange Gain (Loss)	-11.42	-11.42	5.66	4.85	14.5	-8.69
Other Non Operating Income (Expenses)	-10.47	-1.47	-0.81	-0.29	-0.24	-0.45
EBT Excluding Unusual Items	169.27	180.91	261.15	353.65	409.95	347.59
Impairment of Goodwill	-50.92	-50.92	-	-	-	-
Gain (Loss) on Sale of Investments	125.83	128.47	16.93	35.93	22.31	-13.29
Gain (Loss) on Sale of Assets	0.48	0.48	-0.46	0.78	0.06	0.23
Asset Writedown	-0.11	-0.11	-0.01	-0.06	-0.16	-0.8
Legal Settlements	-0.29	-0.29	-	-	-	-
Other Unusual Items	77.76	77.76	68.09	58.42	83.54	170.29
Pretax Income	322.02	336.31	345.7	448.72	515.7	504.02
Income Tax Expense	98.91	98.66	68.17	51.8	99.68	91.09
Earnings From Continuing Operations	223.11	237.64	277.53	396.92	416.02	412.93
Minority Interest in Earnings	-42.83	-46.51	-34.48	-14.69	-13.32	-12.54
Net Income	180.28	191.14	243.05	382.23	402.7	400.39
Net Income to Common	180.28	191.14	243.05	382.23	402.7	400.39
Net Income Growth	-40.92%	-21.36%	-36.41%	-5.08%	0.58%	0.30%
Shares Outstanding (Basic)	1,959	1,911	1,870	1,911	1,918	1,820
Shares Outstanding (Diluted)	1,959	1,911	1,870	1,911	1,918	1,820
Shares Change (YoY)	0.19%	2.23%	-2.17%	-0.34%	5.37%	4.86%
EPS (Basic)	0.09	0.10	0.13	0.20	0.21	0.22
EPS (Diluted)	0.09	0.10	0.13	0.20	0.21	0.22
EPS Growth	-41.03%	-23.08%	-35.00%	-4.76%	-4.54%	-4.35%
Free Cash Flow	-611.57	-350.79	-665.29	383.12	287.18	1,397
Free Cash Flow Per Share	-0.31	-0.18	-0.36	0.20	0.15	0.77
Dividend Per Share	0.011	0.011	0.013	0.041	0.022	0.022
Dividend Growth	-15.38%	-15.38%	-68.29%	86.36%	-	4.76%
Gross Margin	22.24%	20.73%	29.40%	27.77%	33.31%	22.38%
Operating Margin	6.62%	6.22%	10.30%	12.44%	12.29%	7.58%
Profit Margin	6.84%	6.76%	12.53%	16.86%	16.27%	10.52%
Free Cash Flow Margin	-23.21%	-12.40%	-34.31%	16.90%	11.60%	36.70%
EBITDA	277.3	262.54	222.26	290.49	313.16	297.97
EBITDA Margin	10.52%	9.28%	11.46%	12.81%	12.65%	7.83%
D&A For EBITDA	102.77	86.71	22.43	8.42	8.89	9.5
EBIT	174.53	175.84	199.83	282.07	304.28	288.48
EBIT Margin	6.62%	6.22%	10.30%	12.44%	12.29%	7.58%
Effective Tax Rate	30.72%	29.34%	19.72%	11.54%	19.33%	18.07%
Revenue as Reported	2,635	2,828	1,939	2,267	2,475	3,807
Advertising Expenses	-	94.22	55.15	-	-	-

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