Dahon Tech (Shenzhen) 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	545.87	450.72	300.16	254.19
Revenue Growth (YoY)	114.75%	50.16%	18.08%	-
Cost of Revenue	363.72	301.97	198.66	176.26
Gross Profit	182.15	148.75	101.49	77.93
Selling, General & Admin	84.48	70.75	52.62	35.06
Research & Development	20.08	17.55	10.67	9.01
Operating Expenses	104.77	87.56	62.4	43.83
Operating Income	77.38	61.19	39.09	34.1
Interest Expense	-0.79	-0.87	-0.93	-1.3
Interest & Investment Income	1.66	1.16	0.28	0.38
Earnings From Equity Investments	-	-	-	-0.21
Currency Exchange Gain (Loss)	-0.4	-0.57	0.29	2.49
Other Non Operating Income (Expenses)	-1.26	-0.43	0.04	0.5
EBT Excluding Unusual Items	76.6	60.48	38.77	35.96
Other Unusual Items	1.26	1.26	1.56	0.56
Pretax Income	77.86	61.74	40.33	36.52
Income Tax Expense	12.22	9.45	5.48	5.08
Net Income	65.64	52.3	34.85	31.43
Net Income to Common	65.64	52.3	34.85	31.43
Net Income Growth	108.82%	50.07%	10.87%	-
Shares Outstanding (Basic)	21	21	21	21
Shares Outstanding (Diluted)	23	22	22	21
Shares Change (YoY)	8.10%	2.19%	3.76%	-
EPS (Basic)	3.12	2.49	1.66	1.49
EPS (Diluted)	2.88	2.34	1.60	1.49
EPS Growth	93.17%	46.25%	7.38%	-
Free Cash Flow	60.91	77.99	25.44	56.63
Free Cash Flow Per Share	2.68	3.49	1.17	2.69
Gross Margin	33.37%	33.00%	33.81%	30.66%
Operating Margin	14.18%	13.58%	13.02%	13.42%
Profit Margin	12.03%	11.60%	11.61%	12.37%
Free Cash Flow Margin	11.16%	17.30%	8.48%	22.28%
EBITDA	80.72	64.48	41.96	35.09
EBITDA Margin	14.79%	14.31%	13.98%	13.81%
D&A For EBITDA	3.34	3.29	2.87	0.99
EBIT	77.38	61.19	39.09	34.1
EBIT Margin	14.18%	13.58%	13.02%	13.42%
Effective Tax Rate	15.69%	15.30%	13.59%	13.92%
Advertising Expenses	-	21.37	12.14	3.97

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