Pearl River Holdings 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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	357.8	316.98	241.12	297.56	332.31	321.3
Revenue Growth (YoY)	28.78%	31.46%	-18.97%	-10.46%	3.43%	14.67%
Cost of Revenue	268.98	233.71	177.2	221.01	250.2	226.42
Gross Profit	88.82	83.27	63.92	76.55	82.12	94.88
Selling, General & Admin	74.5	72.15	65.4	74.43	64.88	68.73
Operating Expenses	77.56	72.15	65.4	75.75	64.88	68.73
Operating Income	11.26	11.12	-1.48	0.8	17.24	26.15
Interest Expense	-3.66	-3.89	-2.55	-2.82	-3.01	-3.06
Interest & Investment Income	0.84	0.84	1.01	0.27	0.33	0.37
Currency Exchange Gain (Loss)	2.5	2.82	-0.8	4.6	-5.39	-6.05
Other Non Operating Income (Expenses)	-0.12	0.38	0.56	1.29	0.33	1.92
EBT Excluding Unusual Items	10.82	11.26	-3.26	4.15	9.5	19.32
Impairment of Goodwill	-1.41	-1.41	-	-	-	-
Gain (Loss) on Sale of Investments	0.59	0.59	0.53	0.28	-	-
Gain (Loss) on Sale of Assets	-0.06	-0.06	0.21	-0.42	0.03	-0.57
Asset Writedown	-	-	-	-	-0.68	-
Other Unusual Items	0.02	0.02	0	0.02	-	-
Pretax Income	9.97	10.41	-2.53	4.04	8.85	18.75
Income Tax Expense	2.59	2.21	1.41	1.14	0.21	2.31
Earnings From Continuing Operations	7.39	8.2	-3.94	2.9	8.64	16.45
Minority Interest in Earnings	1.2	-0.01	-0.12	-1.85	-1.9	-5.16
Net Income	8.58	8.19	-4.06	1.06	6.74	11.28
Net Income to Common	8.58	8.19	-4.06	1.06	6.74	11.28
Net Income Growth	-	-	-	-84.34%	-40.26%	86.02%
Shares Outstanding (Basic)	27	27	27	27	27	27
Shares Outstanding (Diluted)	27	27	27	27	27	27
Shares Change (YoY)	0.03%	-	-0.44%	0.44%	-	-
EPS (Basic)	0.31	0.30	-0.15	0.04	0.25	0.41
EPS (Diluted)	0.31	0.30	-0.15	0.04	0.25	0.41
EPS Growth	-	-	-	-85.62%	-40.27%	86.04%
Free Cash Flow	-25.04	-20	0.42	41.12	0.53	24.18
Free Cash Flow Per Share	-0.92	-0.73	0.01	1.50	0.02	0.89
Gross Margin	24.82%	26.27%	26.51%	25.72%	24.71%	29.53%
Operating Margin	3.15%	3.51%	-0.61%	0.27%	5.19%	8.14%
Profit Margin	2.40%	2.58%	-1.68%	0.36%	2.03%	3.51%
Free Cash Flow Margin	-7.00%	-6.31%	0.17%	13.82%	0.16%	7.53%
EBITDA	21.11	16.88	4.84	6.8	23.73	33.51
EBITDA Margin	5.90%	5.33%	2.01%	2.28%	7.14%	10.43%
D&A For EBITDA	9.85	5.77	6.32	6	6.49	7.36
EBIT	11.26	11.12	-1.48	0.8	17.24	26.15
EBIT Margin	3.15%	3.51%	-0.61%	0.27%	5.19%	8.14%
Effective Tax Rate	25.93%	21.21%	-	28.21%	2.34%	12.29%

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