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	Sep '25 Sep 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	354.38	316.98	241.12	297.56	332.31	321.3
Revenue Growth (YoY)	21.35%	31.46%	-18.97%	-10.46%	3.43%	14.67%
Cost of Revenue	198.74	233.71	177.2	-221.01	-250.2	-226.42
Gross Profit	85.69	83.27	63.92	76.55	82.12	94.88
Selling, General & Admin	70.29	72.15	65.4	-74.43	-64.88	-68.73
Depreciation & Amortization Expenses	-8.68	-	-	-	-	-
Other Operating Expenses	-	1.41	-	-	-	-
Total Operating Expenses	61.62	73.55	65.4	-74.43	-64.88	-68.73
Operating Income	24.08	9.71	-1.48	150.98	147	163.61
Interest Expense	1.45	3.89	2.55	-2.82	-3.01	-3.06
Other Non-Operating Income (Expense)	4.43	4.59	1.5	4.74	-5.38	-4.34
Total Non-Operating Income (Expense)	5.87	8.48	4.05	1.93	-8.39	-7.4
Pretax Income	5.24	10.41	-2.53	4.04	8.85	18.75
Provision for Income Taxes	-2.27	-2.21	-1.41	1.14	0.21	2.31
Net Income	4.78	8.19	-4.06	1.06	6.74	11.28
Minority Interest in Earnings	-1.8	0.01	0.12	1.85	1.9	5.16
Net Income to Common	4.78	8.19	-4.06	1.06	6.74	11.28
Net Income Growth	27.64%	-	-	-84.34%	-40.26%	86.02%
Shares Outstanding (Basic)	27	27	27	27	27	27
Shares Outstanding (Diluted)	26	27	27	27	27	27
Shares Change (YoY)	-28.58%	-	-0.44%	0.44%	-	-
EPS (Basic)	0.17	0.30	-0.15	0.04	0.25	0.41
EPS (Diluted)	0.19	0.30	-0.15	0.04	0.25	0.41
EPS Growth	78.72%	-	-	-85.62%	-40.27%	86.04%
Free Cash Flow	-19.16	-20	0.42	41.12	0.53	24.18
Free Cash Flow Growth	-	-	-98.98%	7704.61%	-97.82%	-0.91%
Free Cash Flow Per Share	-	-0.73	0.02	1.50	0.02	0.89
Gross Margin	24.18%	26.27%	26.51%	25.73%	24.71%	29.53%
Operating Margin	6.79%	3.06%	-0.61%	50.74%	44.24%	50.92%
Profit Margin	2.12%	3.98%	-0.46%	0.98%	2.60%	5.12%
FCF Margin	-5.41%	-6.31%	0.17%	13.82%	0.16%	7.53%
EBITDA	33.43	21.21	12.09	164.12	159.77	176.13
EBITDA Margin	9.43%	6.69%	5.02%	55.15%	48.08%	54.82%
EBIT	24.08	9.71	-1.48	150.98	147	163.61
EBIT Margin	6.79%	3.06%	-0.61%	50.74%	44.24%	50.92%
Effective Tax Rate	-43.25%	-21.21%	55.74%	28.21%	2.35%	12.30%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.