Three Squirrels Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	11,018	10,428	6,938	7,149	9,571	9,685
Other Revenue	193.98	193.98	176.61	144.39	199.5	108.68
Revenue	11,212	10,622	7,115	7,293	9,770	9,794
Revenue Growth (YoY)	15.57%	49.30%	-2.45%	-25.35%	-0.24%	-3.72%
Cost of Revenue	8,517	8,064	5,461	5,346	6,903	7,455
Gross Profit	2,695	2,558	1,653	1,947	2,868	2,339
Selling, General & Admin	2,477	2,089	1,465	1,816	2,346	1,926
Research & Development	35.47	28.39	24.92	38.44	57.54	49.34
Other Operating Expenses	110.67	51.54	41.25	47.17	54.91	43.8
Operating Expenses	2,629	2,170	1,532	1,905	2,458	2,019
Operating Income	65.61	388.26	121.52	42.23	409.09	320.18
Interest Expense	-11.9	-9.32	-10.07	-13.49	-18.23	-3.6
Interest & Investment Income	41.27	51.25	56.7	58.4	60.04	31.6
Currency Exchange Gain (Loss)	-1.81	-1.81	-0.79	-0.02	-0.05	-0.18
Other Non Operating Income (Expenses)	-6.22	1.44	8.17	2.09	-10.09	6.8
EBT Excluding Unusual Items	86.95	429.82	175.53	89.22	440.76	354.8
Gain (Loss) on Sale of Investments	-	-	0.06	0.53	1.33	-
Gain (Loss) on Sale of Assets	0.12	2.3	-1.01	7.04	3.61	0.21
Asset Writedown	-2.82	-2.73	-8.11	-1.13	-2.76	-2.76
Other Unusual Items	206.79	107.98	147.17	104.83	100.3	48.28
Pretax Income	291.04	537.37	313.64	200.49	543.24	400.53
Income Tax Expense	72.24	129.9	93.85	71.09	132.14	99.2
Earnings From Continuing Operations	218.8	407.47	219.79	129.4	411.11	301.32
Minority Interest in Earnings	8.4	0.26	-	-	-	-
Net Income	227.2	407.74	219.79	129.4	411.11	301.32
Net Income to Common	227.2	407.74	219.79	129.4	411.11	301.32
Net Income Growth	-41.95%	85.51%	69.85%	-68.52%	36.44%	26.21%
Shares Outstanding (Basic)	403	400	400	404	399	402
Shares Outstanding (Diluted)	403	400	400	404	403	402
Shares Change (YoY)	2.32%	0.03%	-1.18%	0.33%	0.32%	6.02%
EPS (Basic)	0.56	1.02	0.55	0.32	1.03	0.75
EPS (Diluted)	0.56	1.02	0.55	0.32	1.02	0.75
EPS Growth	-43.27%	85.45%	71.88%	-68.63%	36.00%	19.05%
Free Cash Flow	-255	337.11	264.1	-139.26	523.11	874.19
Free Cash Flow Per Share	-0.63	0.84	0.66	-0.34	1.30	2.18
Dividend Per Share	0.125	0.250	0.251	0.161	0.220	0.252
Dividend Growth	-66.75%	-0.40%	55.71%	-26.73%	-12.70%	0.80%
Gross Margin	24.04%	24.09%	23.24%	26.70%	29.35%	23.88%
Operating Margin	0.58%	3.65%	1.71%	0.58%	4.19%	3.27%
Profit Margin	2.03%	3.84%	3.09%	1.77%	4.21%	3.08%
Free Cash Flow Margin	-2.27%	3.17%	3.71%	-1.91%	5.35%	8.93%
EBITDA	116.49	440.46	175.49	96.25	461.35	364.96
EBITDA Margin	1.04%	4.15%	2.47%	1.32%	4.72%	3.73%
D&A For EBITDA	50.88	52.2	53.96	54.01	52.25	44.78
EBIT	65.61	388.26	121.52	42.23	409.09	320.18
EBIT Margin	0.58%	3.65%	1.71%	0.58%	4.19%	3.27%
Effective Tax Rate	24.82%	24.17%	29.92%	35.46%	24.32%	24.77%
Revenue as Reported	11,212	10,622	7,115	7,293	9,770	9,794

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