Carote 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	2,157	2,073	1,583	768.48	675.35
Revenue Growth (YoY)	4.02%	30.96%	106.00%	13.79%	-
Cost of Revenue	1,471	1,238	1,018	493.19	548.82
Gross Profit	685.42	835.4	565.14	275.29	126.52
Selling, General & Admin	368.07	437.9	277.04	129.49	77.01
Research & Development	39.57	41.36	35.89	20.82	18.12
Other Operating Expenses	-5.48	-32.53	-3.38	-1.71	-0.68
Operating Expenses	406.5	446.88	309.46	148.69	94.53
Operating Income	278.91	388.52	255.69	126.6	31.99
Interest Expense	-0.07	-0.26	-0.3	-1.97	-1.29
Interest & Investment Income	48.52	19.16	7.45	5.45	4.86
Currency Exchange Gain (Loss)	-13.01	9.56	15.19	-2.12	0.34
Other Non Operating Income (Expenses)	-0.04	-0.01	0.19	-0.48	-0.5
EBT Excluding Unusual Items	314.31	416.96	278.21	127.48	35.41
Gain (Loss) on Sale of Investments	0.81	0.3	0.1	0.97	0.77
Gain (Loss) on Sale of Assets	-	-0	0	-2	-0.14
Pretax Income	315.12	417.26	278.31	126.45	36.04
Income Tax Expense	57.31	61.3	41.84	17.96	4.39
Earnings From Continuing Operations	257.82	355.96	236.47	108.49	31.66
Minority Interest in Earnings	-0.01	0.03	0.66	0.28	0.06
Net Income	257.81	355.99	237.13	108.77	31.72
Net Income to Common	257.81	355.99	237.13	108.77	31.72
Net Income Growth	-27.58%	50.13%	118.01%	242.93%	-
Shares Outstanding (Basic)	552	440	404	404	404
Shares Outstanding (Diluted)	553	440	404	404	404
Shares Change (YoY)	25.50%	8.96%	-	-	-
EPS (Basic)	0.47	0.81	0.59	0.27	0.08
EPS (Diluted)	0.47	0.81	0.59	0.27	0.08
EPS Growth	-42.28%	37.96%	118.01%	242.93%	-
Free Cash Flow	-60.81	281.23	238.09	11.25	108.26
Free Cash Flow Per Share	-0.11	0.64	0.59	0.03	0.27
Dividend Per Share	0.130	0.130	-	-	-
Gross Margin	31.78%	40.29%	35.70%	35.82%	18.73%
Operating Margin	12.93%	18.74%	16.15%	16.47%	4.74%
Profit Margin	11.95%	17.17%	14.98%	14.15%	4.70%
Free Cash Flow Margin	-2.82%	13.56%	15.04%	1.46%	16.03%
EBITDA	282.7	391.55	258.55	128.36	36.2
EBITDA Margin	13.11%	18.89%	16.33%	16.70%	5.36%
D&A For EBITDA	3.79	3.03	2.86	1.77	4.21
EBIT	278.91	388.52	255.69	126.6	31.99
EBIT Margin	12.93%	18.74%	16.15%	16.47%	4.74%
Effective Tax Rate	18.19%	14.69%	15.03%	14.21%	12.17%

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