Three Squirrels 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	9,861	10,018	10,428	6,938	7,149	9,571
Other Revenue	130.94	171.44	193.98	176.61	144.39	199.5
Revenue	9,992	10,189	10,622	7,115	7,293	9,770
Revenue Growth	-9.38%	-4.08%	49.30%	-2.45%	-25.35%	-0.24%
Cost of Revenue	7,478	7,712	8,064	5,461	5,346	6,903
Gross Profit	2,513	2,477	2,558	1,653	1,947	2,868
Selling, General & Admin	2,140	2,310	2,089	1,465	1,816	2,346
Research & Development	38.66	33.08	28.39	24.92	38.44	57.54
Other Operating Expenses	103.75	60.58	51.54	41.25	47.17	54.91
Operating Expenses	2,283	2,407	2,170	1,532	1,905	2,458
Operating Income	230.39	70.03	388.26	121.52	42.23	409.09
Interest Expense	-5.95	-11.75	-9.32	-10.07	-13.49	-18.23
Interest & Investment Income	31.17	39.23	51.25	56.7	58.4	60.04
Currency Exchange Gain (Loss)	0.27	0.07	-1.81	-0.79	-0.02	-0.05
Other Non Operating Income (Expenses)	-8.69	-7.43	1.44	8.17	2.09	-10.09
EBT Excluding Unusual Items	247.2	90.15	429.82	175.53	89.22	440.76
Impairment of Goodwill	-2.85	-2.85	-	-	-	-
Gain (Loss) on Sale of Investments	0.03	0.03	-	0.06	0.53	1.33
Gain (Loss) on Sale of Assets	2.92	0.48	2.3	-1.01	7.04	3.61
Asset Writedown	-43.79	-42.98	-2.73	-8.11	-1.13	-2.76
Other Unusual Items	123.81	135.16	107.98	147.17	104.83	100.3
Pretax Income	327.32	179.98	537.37	313.64	200.49	543.24
Income Tax Expense	90.28	49.05	129.9	93.85	71.09	132.14
Earnings From Continuing Operations	237.04	130.92	407.47	219.79	129.4	411.11
Minority Interest in Earnings	28.95	24.44	0.26	-	-	-
Net Income	265.99	155.36	407.74	219.79	129.4	411.11
Net Income to Common	265.99	155.36	407.74	219.79	129.4	411.11
Net Income Growth	3.72%	-61.90%	85.51%	69.85%	-68.52%	36.44%
Shares Outstanding (Basic)	398	398	400	400	404	399
Shares Outstanding (Diluted)	401	398	400	400	404	403
Shares Change	0.61%	-0.35%	0.03%	-1.18%	0.33%	0.32%
EPS (Basic)	0.67	0.39	1.02	0.55	0.32	1.03
EPS (Diluted)	0.66	0.39	1.02	0.55	0.32	1.02
EPS Growth	3.09%	-61.77%	85.45%	71.88%	-68.63%	36.00%

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Free Cash Flow	314.87	-28.86	337.11	264.1	-139.26	523.11
Free Cash Flow Per Share	0.78	-0.07	0.84	0.66	-0.34	1.30
Dividend Per Share	0.117	0.117	0.250	0.251	0.161	0.220
Dividend Growth	-53.20%	-53.20%	-0.40%	55.71%	-26.73%	-12.70%
Gross Margin	25.15%	24.31%	24.09%	23.24%	26.70%	29.35%
Operating Margin	2.31%	0.69%	3.65%	1.71%	0.58%	4.19%
Profit Margin	2.66%	1.52%	3.84%	3.09%	1.77%	4.21%
Free Cash Flow Margin	3.15%	-0.28%	3.17%	3.71%	-1.91%	5.35%
EBITDA	328.86	155.57	445.61	175.49	96.25	461.35
EBITDA Margin	3.29%	1.53%	4.20%	2.47%	1.32%	4.72%
D&A For EBITDA	98.47	85.53	57.35	53.96	54.01	52.25
EBIT	230.39	70.03	388.26	121.52	42.23	409.09
EBIT Margin	2.31%	0.69%	3.65%	1.71%	0.58%	4.19%
Effective Tax Rate	27.58%	27.26%	24.17%	29.92%	35.46%	24.32%
Revenue as Reported	4,711	10,189	10,622	7,115	7,293	9,770