GHG 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	1,097	1,343	1,627	1,469	1,968
Revenue Growth (YoY)	-18.32%	-17.44%	10.77%	-25.35%	111.59%
Cost of Revenue	714.39	822.59	947.44	1,067	1,313
Gross Profit	382.96	520.85	679.82	402.56	655.3
Selling, General & Admin	268.12	291.91	343.61	794.54	542.91
Other Operating Expenses	58.18	67.02	0.56	94.55	-16.81
Total Operating Expenses	326.3	358.93	344.17	889.09	526.1
Operating Income	56.66	161.92	335.65	-486.53	129.2
Interest Income	37.81	40.07	41.37	48.11	60.66
Interest Expense	-7.64	-6.31	-14.05	-27.99	-15.3
Other Non-Operating Income (Expense)	118.26	1.52	17.41	-37.75	20.92
Total Non-Operating Income (Expense)	148.42	35.28	44.72	-17.63	66.28
Pretax Income	205.07	197.21	380.37	-504.16	195.48
Provision for Income Taxes	45.88	88.73	118.45	-44.07	112.29
Net Income	166.79	110	269.32	-421.96	88.71
Minority Interest in Earnings	0.73	-3.85	-10.18	-38.13	-4.75
Net Income to Common	166.79	110	269.32	-421.96	88.71
Net Income Growth	51.63%	-59.16%	-	-	-66.06%
Shares Outstanding (Basic)	66	67	67	68	68
Shares Outstanding (Diluted)	66	67	67	68	68
Shares Change (YoY)	-0.61%	-0.81%	-1.29%	-0.13%	-
EPS (Basic)	1.65	1.08	2.64	-4.13	0.86
EPS (Diluted)	1.65	1.08	2.64	-4.13	0.86
EPS Growth	52.78%	-59.09%	-	-	-66.14%
Shares Outstanding	100.9	101.52	101.54	102.18	103.05
Free Cash Flow	20.12	293.8	367.29	210.82	18.54
Free Cash Flow Growth	-93.15%	-20.01%	74.22%	1036.95%	-89.89%
Free Cash Flow Per Share	0.30	4.40	5.46	3.09	0.27
Dividends Per Share	-	0.438	0.709	-	3.494
Dividend Growth	-	-38.25%	-	-	-
Gross Margin	34.90%	38.77%	41.78%	27.40%	33.30%
Operating Margin	5.16%	12.05%	20.63%	-33.12%	6.57%
Profit Margin	14.51%	8.07%	16.10%	-31.32%	4.23%
FCF Margin	1.83%	21.87%	22.57%	14.35%	0.94%
EBITDA	145.59	277.67	452.52	-361.19	248.54
EBITDA Margin	13.27%	20.67%	27.81%	-24.59%	12.63%
EBIT	56.66	161.92	335.65	-486.53	129.2
EBIT Margin	5.16%	12.05%	20.63%	-33.12%	6.57%
Effective Tax Rate	22.37%	44.99%	31.14%	8.74%	57.44%

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q