SGX:QES 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	FY 2020
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	Dec '20 Dec 31, 2020
Revenue	3,457	3,516	3,490	3,825	3,725	2,334
Revenue Growth (YoY)	-1.53%	0.72%	-8.75%	2.68%	59.63%	-13.30%
Cost of Revenue	2,624	2,665	2,692	2,661	2,679	1,733
Gross Profit	832.23	850.03	798.92	1,164	1,046	600.3
Selling, General & Admin	334.87	321.47	303.91	375.3	327.38	231.29
Research & Development	20.89	86.19	119.36	142.41	110.81	75.32
Operating Expenses	353.67	405.57	423.85	514.13	438.24	305.78
Operating Income	478.56	444.46	375.07	649.8	608.22	294.52
Interest Expense	-	-	-	-	-	-1.32
Interest & Investment Income	53.43	55.63	36.02	16.15	24.24	22.11
Currency Exchange Gain (Loss)	14	28.1	17.43	27.69	-6.11	-18.06
Other Non Operating Income (Expenses)	75.38	54.78	30.82	40.13	72.77	2.64
EBT Excluding Unusual Items	621.38	582.98	459.34	733.77	699.12	299.89
Gain (Loss) on Sale of Assets	4.99	4.99	-	-	-	-
Asset Writedown	-2.91	-2.91	-6.11	-	-	0.29
Other Unusual Items	-	-	-	-	-	0.28
Pretax Income	623.46	585.06	453.23	733.77	699.12	300.46
Income Tax Expense	145.7	161.2	80.76	91.33	192.79	81.68
Net Income	477.76	423.86	372.47	642.44	506.33	218.78
Net Income to Common	477.76	423.86	372.47	642.44	506.33	218.78
Net Income Growth	30.30%	13.80%	-42.02%	26.88%	131.43%	-43.74%
Shares Outstanding (Basic)	954	956	963	969	971	973
Shares Outstanding (Diluted)	954	956	963	969	971	973
Shares Change (YoY)	-0.62%	-0.75%	-0.62%	-0.14%	-0.21%	-0.67%
EPS (Basic)	0.50	0.44	0.39	0.66	0.52	0.22
EPS (Diluted)	0.50	0.44	0.39	0.66	0.52	0.22
EPS Growth	31.11%	14.66%	-41.66%	27.06%	131.91%	-43.36%
Free Cash Flow	581.26	463.16	422.22	121.03	158.11	151.58
Free Cash Flow Per Share	0.61	0.48	0.44	0.13	0.16	0.16
Dividend Per Share	0.107	0.107	0.081	0.051	0.047	0.049
Dividend Growth	32.74%	32.74%	56.66%	9.17%	-4.60%	-4.59%
Gross Margin	24.08%	24.18%	22.89%	30.43%	28.09%	25.72%
Operating Margin	13.84%	12.64%	10.75%	16.99%	16.33%	12.62%
Profit Margin	13.82%	12.06%	10.67%	16.80%	13.59%	9.38%
Free Cash Flow Margin	16.82%	13.18%	12.10%	3.16%	4.24%	6.49%
EBITDA	607.51	577.41	525.81	813.11	738.45	416.26
EBITDA Margin	17.57%	16.42%	15.06%	21.26%	19.82%	17.84%
D&A For EBITDA	128.95	132.95	150.74	163.31	130.23	121.74
EBIT	478.56	444.46	375.07	649.8	608.22	294.52
EBIT Margin	13.84%	12.64%	10.75%	16.99%	16.33%	12.62%
Effective Tax Rate	23.37%	27.55%	17.82%	12.45%	27.58%	27.18%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.