SGX:QES 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	3,277	3,516	3,490	3,825	3,725
Revenue Growth (YoY)	-6.77%	0.72%	-8.75%	2.68%	59.63%
Cost of Revenue	2,507	2,665	2,692	2,661	2,679
Gross Profit	770.3	850.03	798.92	1,164	1,046
Selling, General & Admin	336.3	321.47	303.91	375.3	327.38
Research & Development	5.2	86.19	119.36	142.41	110.81
Operating Expenses	341.5	405.57	423.85	514.13	438.24
Operating Income	428.8	444.46	375.07	649.8	608.22
Interest & Investment Income	67.4	55.63	36.02	16.15	24.24
Currency Exchange Gain (Loss)	-20.9	28.1	17.43	27.69	-6.11
Other Non Operating Income (Expenses)	28.3	54.78	30.82	40.13	72.77
EBT Excluding Unusual Items	503.6	582.98	459.34	733.77	699.12
Gain (Loss) on Sale of Assets	-	4.99	-	-	-
Asset Writedown	-	-2.91	-6.11	-	-
Pretax Income	503.6	585.06	453.23	733.77	699.12
Income Tax Expense	98.7	161.2	80.76	91.33	192.79
Net Income	404.9	423.86	372.47	642.44	506.33
Net Income to Common	404.9	423.86	372.47	642.44	506.33
Net Income Growth	-4.47%	13.80%	-42.02%	26.88%	131.43%
Shares Outstanding (Basic)	953	956	963	969	971
Shares Outstanding (Diluted)	953	956	963	969	971
Shares Change (YoY)	-0.27%	-0.75%	-0.62%	-0.14%	-0.21%
EPS (Basic)	0.42	0.44	0.39	0.66	0.52
EPS (Diluted)	0.42	0.44	0.39	0.66	0.52
EPS Growth	-4.22%	14.66%	-41.66%	27.06%	131.91%
Free Cash Flow	376.4	463.16	422.22	121.03	158.11
Free Cash Flow Per Share	0.40	0.48	0.44	0.13	0.16
Dividend Per Share	0.109	0.107	0.081	0.051	0.047
Dividend Growth	1.68%	32.74%	56.66%	9.17%	-4.60%
Gross Margin	23.50%	24.18%	22.89%	30.43%	28.09%
Operating Margin	13.08%	12.64%	10.75%	16.99%	16.33%
Profit Margin	12.35%	12.06%	10.67%	16.80%	13.59%
Free Cash Flow Margin	11.48%	13.18%	12.10%	3.16%	4.24%
EBITDA	574.7	577.41	525.81	813.11	738.45
EBITDA Margin	17.54%	16.42%	15.06%	21.26%	19.82%
D&A For EBITDA	145.9	132.95	150.74	163.31	130.23
EBIT	428.8	444.46	375.07	649.8	608.22
EBIT Margin	13.08%	12.64%	10.75%	16.99%	16.33%
Effective Tax Rate	19.60%	27.55%	17.82%	12.45%	27.58%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.