PAIYY Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	722.86	755.67	682.59	670.09	645.59
Revenue Growth (YoY)	-4.34%	10.71%	1.86%	3.79%	-28.39%
Cost of Revenue	388.61	417.89	360.54	314.51	376.09
Gross Profit	334.25	337.79	322.05	355.59	269.5
Selling, General & Admin	329.01	341.83	370.86	376.85	611.65
Operating Expenses	329.01	341.83	370.86	376.85	611.65
Operating Income	5.24	-4.04	-48.81	-21.27	-342.15
Interest Expense	-8.75	-8.72	-14.47	-21.64	-27.23
Interest & Investment Income	0.14	0.4	0.08	0.16	0.11
Earnings From Equity Investments	-	-	-	-	0.08
Other Non Operating Income (Expenses)	-8.19	5.03	16.45	-24.92	6.07
EBT Excluding Unusual Items	-11.56	-7.33	-46.76	-67.67	-363.12
Impairment of Goodwill	-0.5	-	-	-	-122.1
Gain (Loss) on Sale of Investments	-	-	-	-	-4.41
Gain (Loss) on Sale of Assets	-12.62	-6.17	-8.03	-	-
Asset Writedown	-0.03	12.15	-0.15	-	-187.45
Other Unusual Items	-	-	-0.12	-26.51	-4.24
Pretax Income	-24.72	-1.35	-55.06	-94.17	-681.31
Income Tax Expense	29.35	23.73	-15.14	-18.07	-11.8
Earnings From Continuing Operations	-54.07	-25.07	-39.92	-76.11	-669.52
Minority Interest in Earnings	0.72	5.13	2.49	-0.14	82.9
Net Income	-53.35	-19.95	-37.43	-76.25	-586.62
Preferred Dividends & Other Adjustments	4.4	-	-	-	-
Net Income to Common	-57.75	-19.95	-37.43	-76.25	-586.62
Shares Outstanding (Basic)	48	48	44	27	22
Shares Outstanding (Diluted)	48	48	44	27	22
Shares Change (YoY)	-	9.00%	60.73%	24.18%	1.01%
EPS (Basic)	-1.21	-0.42	-0.85	-2.79	-26.68
EPS (Diluted)	-1.21	-0.42	-0.85	-2.79	-26.68
Free Cash Flow	-19.13	49.07	19.04	-76.72	17.85
Free Cash Flow Per Share	-0.40	1.03	0.43	-2.81	0.81
Gross Margin	46.24%	44.70%	47.18%	53.06%	41.74%
Operating Margin	0.72%	-0.53%	-7.15%	-3.17%	-53.00%
Profit Margin	-7.99%	-2.64%	-5.48%	-11.38%	-90.86%
Free Cash Flow Margin	-2.65%	6.49%	2.79%	-11.45%	2.77%
EBITDA	29.01	26.49	17.09	40.22	-243.02
EBITDA Margin	4.01%	3.50%	2.50%	6.00%	-37.64%
D&A For EBITDA	23.77	30.53	65.9	61.49	99.14
EBIT	5.24	-4.04	-48.81	-21.27	-342.15
EBIT Margin	0.72%	-0.53%	-7.15%	-3.17%	-53.00%

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