Qingling Motors 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	4,367	4,124	3,597	3,248	4,828
Revenue Growth (YoY)	5.89%	14.66%	10.73%	-32.73%	-5.12%
Cost of Revenue	3,974	3,853	3,373	3,133	4,274
Gross Profit	392.78	270.85	223.35	115.16	554.34
Selling, General & Admin	424.65	417.47	395.22	292.01	477.27
Research & Development	214.83	185.77	177.8	243.13	269.93
Operating Expenses	650.68	602.85	573.19	534.61	746.65
Operating Income	-257.9	-332	-349.83	-419.45	-192.31
Interest Expense	-2.65	-2.19	-1.68	-4.72	-1.37
Interest & Investment Income	-	150.52	148.01	181.08	178.36
Earnings From Equity Investments	7.76	0.84	3.07	2.79	-1.31
Currency Exchange Gain (Loss)	-	-5.48	-4.3	13.54	12.54
Other Non Operating Income (Expenses)	257.5	153.17	158.34	150.7	275.51
EBT Excluding Unusual Items	4.7	-35.14	-46.39	-76.06	271.41
Gain (Loss) on Sale of Assets	-	-0.07	-0.86	-0.16	73.11
Legal Settlements	-	-	-	36.6	-
Pretax Income	4.7	-35.21	-47.25	-39.62	344.52
Income Tax Expense	23.88	12.56	-1.85	-34.64	13.64
Earnings From Continuing Operations	-19.18	-47.77	-45.41	-4.98	330.89
Minority Interest in Earnings	-7.14	-7.33	-8.86	-9.59	-8.81
Net Income	-26.32	-55.1	-54.27	-14.58	322.08
Net Income to Common	-26.32	-55.1	-54.27	-14.58	322.08
Net Income Growth	-	-	-	-	7.01%
Shares Outstanding (Basic)	2,482	2,482	2,482	2,482	2,482
Shares Outstanding (Diluted)	2,482	2,482	2,482	2,482	2,482
EPS (Basic)	-0.01	-0.02	-0.02	-0.01	0.13
EPS (Diluted)	-0.01	-0.02	-0.02	-0.01	0.13
EPS Growth	-	-	-	-	7.01%
Free Cash Flow	-	18.42	-476.11	134.84	-126.37
Free Cash Flow Per Share	-	0.01	-0.19	0.05	-0.05
Dividend Per Share	-	-	-	-	0.110
Dividend Growth	-	-	-	-	10.00%
Gross Margin	9.00%	6.57%	6.21%	3.55%	11.48%
Operating Margin	-5.91%	-8.05%	-9.73%	-12.91%	-3.98%
Profit Margin	-0.60%	-1.34%	-1.51%	-0.45%	6.67%
Free Cash Flow Margin	-	0.45%	-13.24%	4.15%	-2.62%
EBITDA	-149.47	-223.56	-260.52	-335.2	-111.66
EBITDA Margin	-3.42%	-5.42%	-7.24%	-10.32%	-2.31%
D&A For EBITDA	108.44	108.44	89.31	84.25	80.65
EBIT	-257.9	-332	-349.83	-419.45	-192.31
EBIT Margin	-5.91%	-8.05%	-9.73%	-12.91%	-3.98%
Effective Tax Rate	508.13%	-	-	-	3.96%

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