Jiangsu New Vision Automotive Electronics, Co., Ltd (HKG:2632)

HKG:2632 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	627.83	577.62	549.36	214.09
Revenue Growth (YoY)	-	5.14%	156.60%	-
Cost of Revenue	472.81	421.74	407.09	169.23
Gross Profit	155.01	155.88	142.27	44.87
Selling, General & Admin	129.2	104.35	89.7	78.56
Research & Development	67.41	62.09	54.52	83.43
Other Operating Expenses	-7.74	-9.91	-0.3	-34.17
Operating Expenses	188.87	156.52	143.93	127.81
Operating Income	-33.86	-0.64	-1.66	-82.95
Interest Expense	-3.51	-3.23	-2.25	-1.89
Interest & Investment Income	1.7	1.01	1.32	1.19
Currency Exchange Gain (Loss)	-0.05	0	0.15	-0.19
Other Non Operating Income (Expenses)	-312.02	-127.99	-166.66	-172.31
EBT Excluding Unusual Items	-347.74	-130.85	-169.09	-256.15
Gain (Loss) on Sale of Assets	-2.94	-5.71	-5.47	0.01
Pretax Income	-350.68	-136.56	-174.56	-256.14
Income Tax Expense	3.06	1.3	0.06	-
Earnings From Continuing Operations	-353.73	-137.85	-174.62	-256.14
Minority Interest in Earnings	-10.63	-5.42	-7.3	3.77
Net Income	-364.36	-143.27	-181.92	-252.37
Net Income to Common	-364.36	-143.27	-181.92	-252.37
Shares Outstanding (Basic)	106	102	91	82
Shares Outstanding (Diluted)	106	102	91	82
Shares Change (YoY)	-	12.21%	11.44%	-
EPS (Basic)	-3.43	-1.40	-1.99	-3.08
EPS (Diluted)	-3.43	-1.40	-1.99	-3.08
Free Cash Flow	-76.87	16.98	-135.71	-165.78
Free Cash Flow Per Share	-0.72	0.17	-1.49	-2.02
Gross Margin	24.69%	26.99%	25.90%	20.96%
Operating Margin	-5.39%	-0.11%	-0.30%	-38.75%
Profit Margin	-58.04%	-24.80%	-33.11%	-117.88%
Free Cash Flow Margin	-12.24%	2.94%	-24.70%	-77.44%
EBITDA	-12.47	22.83	13.25	-74.02
EBITDA Margin	-1.99%	3.95%	2.41%	-34.58%
D&A For EBITDA	21.39	23.47	14.91	8.93
EBIT	-33.86	-0.64	-1.66	-82.95
EBIT Margin	-5.39%	-0.11%	-0.30%	-38.75%
Advertising Expenses	-	1.86	0.43	0.56

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