Changjiu Holdings 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	1,625	677.63	641.77	547.87	477.7
Revenue Growth (YoY)	139.75%	5.59%	17.14%	14.69%	10.94%
Cost of Revenue	1,297	379.58	359.08	322.83	295.4
Gross Profit	327.48	298.04	282.69	225.04	182.3
Selling, General & Admin	129.75	111.8	125.14	81.98	77.23
Research & Development	24.84	17.43	13.51	9.03	9.41
Other Operating Expenses	-0.25	-19.36	-1.42	-1.55	-0.41
Operating Expenses	155.65	110.24	138.54	91.67	86.15
Operating Income	171.83	187.81	144.15	133.37	96.15
Interest Expense	-7.31	-0.52	-2.6	-3.47	-2.98
Interest & Investment Income	4.21	-	-	-	-
Currency Exchange Gain (Loss)	1.08	-0.21	0.08	-	-
Other Non Operating Income (Expenses)	-0.13	10.61	0.64	-0.14	-0.05
EBT Excluding Unusual Items	169.68	197.68	142.27	129.76	93.12
Gain (Loss) on Sale of Investments	0.3	0.02	-	-	-
Other Unusual Items	3.28	-4.76	-24.38	-2.13	0.03
Pretax Income	173.25	192.94	117.89	127.63	93.15
Income Tax Expense	31.69	31.54	15.57	31.71	9.42
Earnings From Continuing Operations	141.57	161.41	102.32	95.91	83.73
Minority Interest in Earnings	-	-	-	-0.04	-
Net Income	141.57	161.41	102.32	95.88	83.73
Preferred Dividends & Other Adjustments	0.32	1.1	0.9	-	-
Net Income to Common	141.25	160.31	101.42	95.88	83.73
Net Income Growth	-12.29%	57.74%	6.72%	14.51%	-26.62%
Shares Outstanding (Basic)	202	200	150	150	150
Shares Outstanding (Diluted)	204	202	150	150	150
Shares Change (YoY)	1.13%	34.33%	0.16%	-	-
EPS (Basic)	0.70	0.80	0.68	0.64	0.56
EPS (Diluted)	0.69	0.79	0.68	0.64	0.56
EPS Growth	-12.88%	17.66%	5.62%	14.51%	-26.62%
Free Cash Flow	-	105.46	74.3	81.01	113.62
Free Cash Flow Per Share	-	0.52	0.49	0.54	0.76
Dividend Per Share	-	0.648	-	-	-
Gross Margin	20.16%	43.98%	44.05%	41.08%	38.16%
Operating Margin	10.58%	27.71%	22.46%	24.34%	20.13%
Profit Margin	8.69%	23.66%	15.80%	17.50%	17.53%
Free Cash Flow Margin	-	15.56%	11.58%	14.79%	23.79%
EBITDA	172.74	188.72	145.13	134.65	97.97
EBITDA Margin	10.63%	27.85%	22.61%	24.58%	20.51%
D&A For EBITDA	0.91	0.91	0.98	1.28	1.81
EBIT	171.83	187.81	144.15	133.37	96.15
EBIT Margin	10.58%	27.71%	22.46%	24.34%	20.13%
Effective Tax Rate	18.29%	16.35%	13.21%	24.85%	10.11%

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