XXF Group 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	Jun '25 Jun 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	1,274	1,166	1,010	879.03	936.7	515.06
Revenue Growth (YoY)	20.05%	15.39%	14.91%	-6.16%	81.86%	-
Cost of Revenue	1,130	1,041	897.92	767.08	819.32	452.48
Gross Profit	444.33	422.72	406.43	374.45	351.94	297.28
Selling, General & Admin	229.66	217	219.37	196.24	181.36	170.34
Research & Development	0.42	0.45	0.41	0.72	2.11	0.42
Other Operating Expenses	-13.65	-13.18	-16.58	-17	-3.2	9.72
Operating Expenses	221.97	207.5	207.73	184.85	184.14	182.58
Operating Income	222.36	215.22	198.7	189.6	167.81	114.7
Interest Expense	-166.73	-160.39	-163.14	-143.99	-119.83	-111.02
Interest & Investment Income	1.71	1.58	1.64	0.97	1.33	1.85
EBT Excluding Unusual Items	57.27	56.42	37.21	46.58	49.3	5.53
Gain (Loss) on Sale of Investments	-	-	96.39	47.25	-4.15	-6.93
Gain (Loss) on Sale of Assets	-3.05	-3.05	-3.75	-2.06	-2.82	-0.93
Other Unusual Items	-	-	-	-	0.68	23.3
Pretax Income	54.22	53.37	129.85	91.77	43.01	20.97
Income Tax Expense	11.4	13.64	20.02	14.69	12.32	10.72
Earnings From Continuing Operations	42.82	39.73	109.83	77.08	30.69	10.25
Minority Interest in Earnings	-0.05	0.24	0.42	1.83	3.43	2.09
Net Income	42.77	39.97	110.25	78.91	34.11	12.34
Net Income to Common	42.77	39.97	110.25	78.91	34.11	12.34
Net Income Growth	-36.67%	-63.75%	39.72%	131.34%	176.41%	-
Shares Outstanding (Basic)	1,547	1,547	1,094	1,017	959	959
Shares Outstanding (Diluted)	1,650	1,623	1,288	1,238	1,157	959
Shares Change (YoY)	12.59%	25.96%	4.11%	6.95%	20.62%	-
EPS (Basic)	0.03	0.03	0.10	0.08	0.04	0.01
EPS (Diluted)	0.03	0.02	0.01	0.03	0.03	0.01
EPS Growth	116.55%	128.66%	-57.95%	-22.64%	157.06%	-
Free Cash Flow	-356.74	-320.79	-149.01	-211.91	-123.03	62.97
Free Cash Flow Per Share	-0.22	-0.20	-0.12	-0.17	-0.11	0.07
Gross Margin	34.87%	36.27%	40.23%	42.60%	37.57%	57.72%
Operating Margin	17.45%	18.46%	19.67%	21.57%	17.91%	22.27%
Profit Margin	3.36%	3.43%	10.91%	8.98%	3.64%	2.40%
Free Cash Flow Margin	-27.99%	-27.52%	-14.75%	-24.11%	-13.13%	12.23%
EBITDA	347.22	340.38	306.5	280.93	263.27	192.58
EBITDA Margin	27.25%	29.20%	30.34%	31.96%	28.11%	37.39%
D&A For EBITDA	124.86	125.15	107.81	91.33	95.46	77.88
EBIT	222.36	215.22	198.7	189.6	167.81	114.7
EBIT Margin	17.45%	18.46%	19.67%	21.57%	17.91%	22.27%
Effective Tax Rate	21.03%	25.56%	15.42%	16.01%	28.65%	51.10%
Advertising Expenses	-	11.04	10.98	8.42	10.83	8.54

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