MCLON JEWELLERY 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	2,839	2,349	1,915	1,598	1,253	804.57
Other Revenue	8.43	8.43	7.92	12.1	-	4.06
Revenue	2,848	2,357	1,923	1,610	1,253	808.64
Revenue Growth (YoY)	19.71%	22.55%	19.44%	28.57%	54.90%	-9.81%
Cost of Revenue	2,470	2,048	1,643	1,344	1,002	581.2
Gross Profit	377.19	308.78	280.22	266.36	250.4	227.44
Selling, General & Admin	222.05	205.27	187.27	186.86	163.89	145.9
Research & Development	2.17	1.6	1.02	0.86	0.78	1.05
Other Operating Expenses	35	15.01	12.12	15.79	8.52	8.73
Operating Expenses	259.81	222.11	201.45	202.75	174.26	155.44
Operating Income	117.38	86.68	78.77	63.61	76.14	72
Interest Expense	-4.17	-2.68	-0.94	-0.73	-0.65	-
Interest & Investment Income	18.1	18.47	12.04	2.7	4.43	1.57
Other Non Operating Income (Expenses)	-4.73	-3.69	-2.92	-2.84	-2.72	-2.19
EBT Excluding Unusual Items	126.58	98.78	86.94	62.75	77.2	71.38
Gain (Loss) on Sale of Assets	-0.05	0.1	0.2	0.01	-	-
Asset Writedown	-1.97	-0.02	-0.02	-0.03	-0.03	-0.16
Other Unusual Items	29.59	17.74	9.99	3.28	12.3	10.04
Pretax Income	154.15	116.6	97.12	66.01	89.46	81.26
Income Tax Expense	31.16	19.68	17.37	12.64	19.18	17.61
Earnings From Continuing Operations	122.99	96.91	79.75	53.37	70.29	63.65
Minority Interest in Earnings	-1.75	-0.79	0.34	0.91	-	-
Net Income	121.24	96.13	80.09	54.28	70.29	63.65
Net Income to Common	121.24	96.13	80.09	54.28	70.29	63.65
Net Income Growth	36.72%	20.02%	47.53%	-22.77%	10.43%	-1.94%
Shares Outstanding (Basic)	257	260	229	201	195	152
Shares Outstanding (Diluted)	257	260	229	201	195	152
Shares Change (YoY)	-3.98%	13.54%	13.81%	2.98%	28.84%	-1.94%
EPS (Basic)	0.47	0.37	0.35	0.27	0.36	0.42
EPS (Diluted)	0.47	0.37	0.35	0.27	0.36	0.42
EPS Growth	42.39%	5.71%	29.63%	-25.00%	-14.29%	-
Free Cash Flow	85.73	102.14	43.17	27.61	-98.08	78.71
Free Cash Flow Per Share	0.33	0.39	0.19	0.14	-0.50	0.52
Dividend Per Share	0.200	0.140	0.122	0.106	0.105	0.095
Dividend Growth	63.93%	14.75%	15.09%	0.95%	10.53%	-
Gross Margin	13.25%	13.10%	14.57%	16.54%	19.99%	28.13%
Operating Margin	4.12%	3.68%	4.09%	3.95%	6.08%	8.90%
Profit Margin	4.26%	4.08%	4.16%	3.37%	5.61%	7.87%
Free Cash Flow Margin	3.01%	4.33%	2.24%	1.71%	-7.83%	9.73%
EBITDA	121.86	90.98	82.83	65.92	78.2	73.98
EBITDA Margin	4.28%	3.86%	4.31%	4.09%	6.24%	9.15%
D&A For EBITDA	4.48	4.3	4.07	2.31	2.06	1.97
EBIT	117.38	86.68	78.77	63.61	76.14	72
EBIT Margin	4.12%	3.68%	4.09%	3.95%	6.08%	8.90%
Effective Tax Rate	20.22%	16.88%	17.88%	19.14%	21.44%	21.67%
Revenue as Reported	2,848	2,357	1,923	1,610	1,253	808.64

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