GEM Co., Ltd. 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	35,825	33,200	30,529	29,392	19,301	12,466
Revenue	35,825	33,200	30,529	29,392	19,301	12,466
Revenue Growth (YoY)	1.85%	8.75%	3.87%	52.28%	54.83%	-13.15%
Cost of Revenue	30,731	28,217	27,568	25,391	16,007	10,393
Gross Profit	5,094	4,983	2,960	4,000	3,294	2,073
Selling, General & Admin	1,170	1,058	964.95	801.21	729.59	601.84
Research & Development	1,151	1,093	1,193	1,129	801.43	486.66
Other Operating Expenses	322.91	98.17	97.28	89.66	86.89	57.53
Operating Expenses	2,742	2,329	2,345	2,098	1,694	1,152
Operating Income	2,352	2,654	614.93	1,902	1,600	921.12
Interest Expense	-763.61	-709.21	-685.35	-719.4	-662.14	-559.24
Interest & Investment Income	434.69	64.52	70.07	149.57	241.07	86.07
Currency Exchange Gain (Loss)	9.97	9.97	80.57	267.77	-16.09	39.04
Other Non Operating Income (Expenses)	-135.87	-56.96	-24.43	-50.07	-51.28	-62.3
EBT Excluding Unusual Items	1,897	1,962	55.79	1,550	1,111	424.69
Impairment of Goodwill	-	-	-23	-1.93	-	-
Gain (Loss) on Sale of Investments	-501.56	-683.21	1,242	-63.02	-50.66	-4.14
Gain (Loss) on Sale of Assets	53.79	32.21	-80.71	-17.27	-21.74	-26.68
Asset Writedown	-1.82	-	-23.21	-	-	-
Other Unusual Items	307.16	307.16	189.66	79.67	113.65	141.04
Pretax Income	1,754	1,618	1,361	1,547	1,153	534.9
Income Tax Expense	174.81	289.95	198.83	214.76	192.18	107.7
Earnings From Continuing Operations	1,580	1,328	1,162	1,332	960.45	427.21
Minority Interest in Earnings	-354.29	-308.07	-227.59	-36.61	-37.17	-14.7
Net Income	1,225	1,020	934.49	1,296	923.28	412.5
Net Income to Common	1,225	1,020	934.49	1,296	923.28	412.5
Net Income Growth	-5.07%	9.19%	-27.89%	40.36%	123.82%	-43.90%
Shares Outstanding (Basic)	5,116	5,102	5,192	4,984	4,859	4,583
Shares Outstanding (Diluted)	5,116	5,102	5,192	4,984	4,859	4,583
Shares Change (YoY)	-2.08%	-1.73%	4.16%	2.57%	6.02%	12.21%
EPS (Basic)	0.24	0.20	0.18	0.26	0.19	0.09
EPS (Diluted)	0.24	0.20	0.18	0.26	0.19	0.09
EPS Growth	-3.06%	11.11%	-30.77%	36.84%	111.11%	-50.00%
Free Cash Flow	-9,404	-8,883	-3,231	-4,150	-2,428	-571.56
Free Cash Flow Per Share	-1.84	-1.74	-0.62	-0.83	-0.50	-0.13
Dividend Per Share	0.066	0.066	0.080	0.050	0.029	0.015
Dividend Growth	-17.50%	-17.50%	60.00%	72.41%	93.33%	-50.00%
Gross Margin	14.22%	15.01%	9.70%	13.61%	17.07%	16.63%
Operating Margin	6.56%	7.99%	2.01%	6.47%	8.29%	7.39%
Profit Margin	3.42%	3.07%	3.06%	4.41%	4.78%	3.31%
Free Cash Flow Margin	-26.25%	-26.76%	-10.58%	-14.12%	-12.58%	-4.58%
EBITDA	4,530	4,492	2,001	2,975	2,516	1,733
EBITDA Margin	12.64%	13.53%	6.55%	10.12%	13.04%	13.90%
D&A For EBITDA	2,178	1,838	1,386	1,073	916.42	811.96
EBIT	2,352	2,654	614.93	1,902	1,600	921.12
EBIT Margin	6.56%	7.99%	2.01%	6.47%	8.29%	7.39%
Effective Tax Rate	9.96%	17.91%	14.61%	13.88%	16.67%	20.13%
Revenue as Reported	35,825	33,200	30,529	29,392	19,301	12,466
Advertising Expenses	-	1.94	3.53	4.38	1.73	0.49

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