THCH — TH International Income Statement

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Annual income statement for TH International, fiscal year end - December 31st, CNY millions except per share, conversion factor applied.

	2019 December 31st	2020 December 31st	2021 December 31st	2022 December 31st	2023 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	PROSPECTUS	PROSPECTUS	PROSPECTUS	20-F	20-F
Standards:	USG	USG	USG	USG	USG
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	57.3	212	643	1,011	1,576
Cost of Revenue
Gross Profit	27.8	132	419	648	933
Selling / General / Administrative Expenses
Depreciation and Amortization
Unusual Expense / Income
Other Operating Expenses
Total Operating Expenses	149	353	1,018	1,592	2,277
Operating Profit	-91.3	-141	-374	-581	-701
Total Net Non Operating Interest Income / Expense
Other Net Non Operating Costs
Net Income Before Taxes	-87.8	-143	-383	-745	-873
Provision for Income Taxes
Net Income After Taxes	-87.8	-143	-383	-745	-873
Minority Interest
Net Income Before Extraordinary Items
Net Income	-87.7	-142	-382	-743	-876
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Diluted Net Income	-87.7	-142	-382	-743	-876
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	-2.95	-4.79	-12.8	-28.4	-25.7
Dividends per Share