Zerun Co., Ltd (SHE:301636)

Zerun Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	791.24	830	863.91	827.33	516.88	296.68
Other Revenue	-	-	12.04	16.98	5.05	-
Revenue	791.24	830	875.95	844.31	521.93	296.68
Revenue Growth (YoY)	-12.70%	-5.24%	3.75%	61.77%	75.92%	98.53%
Cost of Revenue	689.36	698.37	664.96	621.8	383.21	217.28
Gross Profit	101.89	131.63	210.99	222.51	138.72	79.39
Selling, General & Admin	58.23	57.29	55.42	53.94	30.85	18.43
Research & Development	27.52	29.75	32.83	31.73	19.08	11.19
Other Operating Expenses	-7.22	-9.79	1.95	2.25	0.91	1.5
Operating Expenses	78.53	77.25	95.36	96.98	55.7	33.73
Operating Income	23.36	54.38	115.63	125.52	83.02	45.67
Interest Expense	-	-	-2.31	-2.03	-1.5	-1.35
Interest & Investment Income	0.41	0.16	15.04	4.4	0.6	0.13
Currency Exchange Gain (Loss)	-	-	9.66	0.71	7.22	-1.8
Other Non Operating Income (Expenses)	-26.96	-18.1	-0.18	-0.18	-0.2	-0.05
EBT Excluding Unusual Items	-3.19	36.45	137.83	128.43	89.14	42.61
Gain (Loss) on Sale of Investments	3.52	1.74	-0.66	-0.46	-	0.04
Gain (Loss) on Sale of Assets	-0.69	-0.68	-0.16	0.35	-	-
Asset Writedown	-2.19	-2.19	-0.09	-0.51	-0.35	-0.23
Other Unusual Items	-	-	11.78	9.06	3.38	0.19
Pretax Income	-2.55	35.31	148.7	136.87	92.18	42.6
Income Tax Expense	-3.13	2.11	17.38	16.72	5.78	4.82
Earnings From Continuing Operations	0.58	33.21	131.32	120.15	86.4	37.78
Minority Interest in Earnings	-	-	-	0	-	-
Net Income	0.58	33.21	131.32	120.15	86.4	37.78
Net Income to Common	0.58	33.21	131.32	120.15	86.4	37.78
Net Income Growth	-99.57%	-74.71%	9.30%	39.06%	128.67%	405.39%
Shares Outstanding (Basic)	61	57	48	48	43	-
Shares Outstanding (Diluted)	61	57	48	48	43	-
Shares Change (YoY)	27.56%	19.53%	-	12.69%	-	-
EPS (Basic)	0.01	0.58	2.74	2.51	2.03	-
EPS (Diluted)	0.01	0.58	2.74	2.51	2.03	-
EPS Growth	-99.66%	-78.83%	9.24%	23.56%	-	-
Free Cash Flow	-171.14	-138.53	-36.79	137.04	1.21	15.38
Free Cash Flow Per Share	-2.80	-2.42	-0.77	2.86	0.03	-
Gross Margin	12.88%	15.86%	24.09%	26.35%	26.58%	26.76%
Operating Margin	2.95%	6.55%	13.20%	14.87%	15.91%	15.39%
Profit Margin	0.07%	4.00%	14.99%	14.23%	16.55%	12.74%
Free Cash Flow Margin	-21.63%	-16.69%	-4.20%	16.23%	0.23%	5.19%
EBITDA	44.43	74.56	132.24	137.9	90.14	51.18
EBITDA Margin	5.62%	8.98%	15.10%	16.33%	17.27%	17.25%
D&A For EBITDA	21.07	20.18	16.61	12.37	7.12	5.52
EBIT	23.36	54.38	115.63	125.52	83.02	45.67
EBIT Margin	2.95%	6.55%	13.20%	14.87%	15.91%	15.39%
Effective Tax Rate	-	5.96%	11.69%	12.22%	6.27%	11.31%
Revenue as Reported	-	-	875.95	844.31	521.93	296.68
Advertising Expenses	-	-	0.88	1.29	0.23	0.55

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