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	Mar '25 Mar 31, 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	332.05	316.98	241.12	297.56	332.31	321.3
Revenue Growth (YoY)	32.51%	31.46%	-18.97%	-10.46%	3.43%	14.67%
Cost of Revenue	243.19	233.71	177.2	221.01	250.2	226.42
Gross Profit	88.86	83.27	63.92	76.55	82.12	94.88
Selling, General & Admin	74.99	72.15	65.4	74.43	64.88	68.73
Operating Expenses	75.69	72.15	65.4	75.75	64.88	68.73
Operating Income	13.16	11.12	-1.48	0.8	17.24	26.15
Interest Expense	-3.92	-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)	1.66	2.82	-0.8	4.6	-5.39	-6.05
Other Non Operating Income (Expenses)	-0.4	0.38	0.56	1.29	0.33	1.92
EBT Excluding Unusual Items	11.33	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	10.48	10.41	-2.53	4.04	8.85	18.75
Income Tax Expense	2.61	2.21	1.41	1.14	0.21	2.31
Earnings From Continuing Operations	7.88	8.2	-3.94	2.9	8.64	16.45
Minority Interest in Earnings	0.64	-0.01	-0.12	-1.85	-1.9	-5.16
Net Income	8.52	8.19	-4.06	1.06	6.74	11.28
Net Income to Common	8.52	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)	-0.01%	-	-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	-20.56	-20	0.42	41.12	0.53	24.18
Free Cash Flow Per Share	-0.75	-0.73	0.01	1.50	0.02	0.89
Gross Margin	26.76%	26.27%	26.51%	25.72%	24.71%	29.53%
Operating Margin	3.96%	3.51%	-0.61%	0.27%	5.19%	8.14%
Profit Margin	2.57%	2.58%	-1.68%	0.36%	2.03%	3.51%
Free Cash Flow Margin	-6.19%	-6.31%	0.17%	13.82%	0.16%	7.53%
EBITDA	20.03	16.88	4.84	6.8	23.73	33.51
EBITDA Margin	6.03%	5.33%	2.01%	2.28%	7.14%	10.43%
D&A For EBITDA	6.86	5.77	6.32	6	6.49	7.36
EBIT	13.16	11.12	-1.48	0.8	17.24	26.15
EBIT Margin	3.96%	3.51%	-0.61%	0.27%	5.19%	8.14%
Effective Tax Rate	24.86%	21.21%	-	28.21%	2.34%	12.29%

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