Carote 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
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
Revenue	1,955	2,073	1,583	768.48	675.35
Revenue Growth (YoY)	23.49%	30.96%	106.00%	13.79%	-
Cost of Revenue	1,233	1,238	1,018	493.19	548.82
Gross Profit	721.75	835.4	565.14	275.29	126.52
Selling, General & Admin	420.78	437.9	277.04	129.49	77.01
Research & Development	38	41.36	35.89	20.82	18.12
Other Operating Expenses	-30.65	-32.53	-3.38	-1.71	-0.68
Operating Expenses	428.11	446.88	309.46	148.69	94.53
Operating Income	293.64	388.52	255.69	126.6	31.99
Interest Expense	-0.14	-0.26	-0.3	-1.97	-1.29
Interest & Investment Income	41.15	19.16	7.45	5.45	4.86
Currency Exchange Gain (Loss)	6.2	9.56	15.19	-2.12	0.34
Other Non Operating Income (Expenses)	-0.01	-0.01	0.19	-0.48	-0.5
EBT Excluding Unusual Items	340.84	416.96	278.21	127.48	35.41
Gain (Loss) on Sale of Investments	1.11	0.3	0.1	0.97	0.77
Gain (Loss) on Sale of Assets	-0	-0	0	-2	-0.14
Pretax Income	341.95	417.26	278.31	126.45	36.04
Income Tax Expense	47.28	61.3	41.84	17.96	4.39
Earnings From Continuing Operations	294.67	355.96	236.47	108.49	31.66
Minority Interest in Earnings	0.02	0.03	0.66	0.28	0.06
Net Income	294.68	355.99	237.13	108.77	31.72
Net Income to Common	294.68	355.99	237.13	108.77	31.72
Net Income Growth	24.27%	50.13%	118.01%	242.93%	-
Shares Outstanding (Basic)	514	440	404	404	404
Shares Outstanding (Diluted)	515	440	404	404	404
Shares Change (YoY)	27.50%	8.96%	-	-	-
EPS (Basic)	0.57	0.81	0.59	0.27	0.08
EPS (Diluted)	0.57	0.81	0.59	0.27	0.08
EPS Growth	-2.35%	37.96%	118.01%	242.93%	-
Free Cash Flow	169.1	281.23	238.09	11.25	108.26
Free Cash Flow Per Share	0.33	0.64	0.59	0.03	0.27
Dividend Per Share	0.130	0.130	-	-	-
Gross Margin	36.92%	40.29%	35.70%	35.82%	18.73%
Operating Margin	15.02%	18.74%	16.15%	16.47%	4.74%
Profit Margin	15.07%	17.17%	14.98%	14.15%	4.70%
Free Cash Flow Margin	8.65%	13.56%	15.04%	1.46%	16.03%
EBITDA	296.4	391.55	258.55	128.36	36.2
EBITDA Margin	15.16%	18.89%	16.33%	16.70%	5.36%
D&A For EBITDA	2.76	3.03	2.86	1.77	4.21
EBIT	293.64	388.52	255.69	126.6	31.99
EBIT Margin	15.02%	18.74%	16.15%	16.47%	4.74%
Effective Tax Rate	13.83%	14.69%	15.03%	14.21%	12.17%

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