TH International Limited (THCH)
NASDAQ: THCH · Real-Time Price · USD
1.850
-0.010 (-0.54%)
Feb 5, 2026, 12:05 PM EST - Market open
TH International 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 |
Operating Revenue | 1,090 | 1,188 | 1,390 | 938.1 | 617.23 | 206.04 |
Other Revenue | 250.69 | 202.86 | 170.37 | 72.97 | 26.15 | 6.05 |
| 1,340 | 1,391 | 1,560 | 1,011 | 643.37 | 212.08 | |
Revenue Growth (YoY) | -6.69% | -10.82% | 54.29% | 57.15% | 203.36% | 270.41% |
Cost of Revenue | 823.68 | 904.81 | 1,138 | 855.84 | 574.23 | 188.03 |
Gross Profit | 516.68 | 486.34 | 422.48 | 155.22 | 69.14 | 24.06 |
Selling, General & Admin | 404.76 | 394.34 | 538.39 | 444.18 | 263.88 | 108.59 |
Other Operating Expenses | 259.38 | 251.03 | 285.46 | 157.51 | 114.49 | 40.2 |
Operating Expenses | 781.93 | 774.99 | 962.57 | 720.35 | 441.06 | 165.23 |
Operating Income | -265.25 | -288.65 | -540.09 | -565.13 | -371.92 | -141.17 |
Interest Expense | -16.37 | -22.45 | -20.42 | -14.8 | -1.9 | - |
Interest & Investment Income | 3.86 | 3.2 | 14.18 | 2.7 | 0.32 | 0.51 |
Currency Exchange Gain (Loss) | -1.43 | 3.48 | -16.77 | -6.28 | -1.3 | -2.4 |
Other Non Operating Income (Expenses) | - | - | -64.31 | -140.69 | - | - |
EBT Excluding Unusual Items | -279.18 | -304.41 | -627.41 | -724.2 | -374.8 | -143.06 |
Gain (Loss) on Sale of Assets | -5.69 | -4.15 | -16.4 | -8.84 | -1.55 | - |
Asset Writedown | -44.99 | -56.29 | -111.43 | -7.22 | -1 | - |
Other Unusual Items | -16.55 | -93.47 | -84.39 | -4.49 | -5.58 | - |
Pretax Income | -346.4 | -458.31 | -839.63 | -744.75 | -382.93 | -143.06 |
Income Tax Expense | 1.1 | 2.12 | 0.1 | - | - | - |
Earnings From Continuing Operations | -347.5 | -460.43 | -839.73 | -744.75 | -382.93 | -143.06 |
Earnings From Discontinued Operations | 6.48 | 51.44 | -33.2 | - | - | - |
Net Income to Company | -341.02 | -408.99 | -872.93 | -744.75 | -382.93 | -143.06 |
Minority Interest in Earnings | 3.09 | -3.1 | -3.32 | 2.1 | 1.21 | 1.06 |
Net Income | -337.93 | -412.08 | -876.25 | -742.65 | -381.72 | -142 |
Net Income to Common | -337.93 | -412.08 | -876.25 | -742.65 | -381.72 | -142 |
Shares Outstanding (Basic) | 33 | 32 | 31 | 26 | 24 | 21 |
Shares Outstanding (Diluted) | 33 | 32 | 31 | 26 | 24 | 21 |
Shares Change (YoY) | -0.26% | 5.21% | 20.37% | 5.36% | 13.93% | 106621.99% |
EPS (Basic) | -10.39 | -12.70 | -28.41 | -28.99 | -15.70 | -6.65 |
EPS (Diluted) | -10.39 | -12.70 | -28.41 | -28.99 | -15.70 | -6.65 |
Free Cash Flow | -137.57 | -142.51 | -487.8 | -621.86 | -580.28 | -290.52 |
Free Cash Flow Per Share | -4.23 | -4.39 | -15.82 | -24.27 | -23.86 | -13.61 |
Gross Margin | 38.55% | 34.96% | 27.08% | 15.35% | 10.75% | 11.34% |
Operating Margin | -19.79% | -20.75% | -34.62% | -55.89% | -57.81% | -66.56% |
Profit Margin | -25.21% | -29.62% | -56.17% | -73.45% | -59.33% | -66.95% |
Free Cash Flow Margin | -10.26% | -10.24% | -31.27% | -61.50% | -90.19% | -136.98% |
EBITDA | -108.97 | -118.97 | -376.94 | -431.72 | -297.64 | -113.33 |
EBITDA Margin | -8.13% | -8.55% | -24.16% | -42.70% | -46.26% | -53.44% |
D&A For EBITDA | 156.27 | 169.68 | 163.15 | 133.4 | 74.28 | 27.84 |
EBIT | -265.25 | -288.65 | -540.09 | -565.13 | -371.92 | -141.17 |
EBIT Margin | -19.79% | -20.75% | -34.62% | -55.89% | -57.81% | -66.56% |
Revenue as Reported | 1,340 | 1,391 | 1,560 | 1,011 | 643.37 | 212.08 |
Updated Dec 9, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.