Xinjiang Tianye 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	Sep '25 Sep 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
Operating Revenue	11,129	10,957	11,295	14,054	11,873	9,142
Other Revenue	198.47	198.47	170.27	208.77	141.91	193.51
Revenue	11,327	11,156	11,465	14,262	12,015	9,335
Revenue Growth (YoY)	6.49%	-2.70%	-19.61%	18.71%	28.70%	10.24%
Cost of Revenue	10,171	9,994	10,818	11,586	8,862	7,124
Gross Profit	1,157	1,162	647.47	2,677	3,152	2,211
Selling, General & Admin	508.32	554.58	604.89	753.72	583.68	511.36
Research & Development	414.7	385.26	435.78	469.11	367.47	305.32
Other Operating Expenses	32.29	-16.92	28.04	109.58	96.32	96.18
Operating Expenses	947.67	917.93	1,083	1,345	1,061	916.68
Operating Income	209.17	244.21	-435.27	1,332	2,092	1,295
Interest Expense	-239.36	-263.15	-308	-259.22	-204.13	-169.94
Interest & Investment Income	66.56	47.78	23.26	23.06	27.1	2.59
Currency Exchange Gain (Loss)	-0	-0	-0	-0.03	-0.06	1.05
Other Non Operating Income (Expenses)	-4.76	-1.57	0.11	10.42	3.6	-3.86
EBT Excluding Unusual Items	31.61	27.28	-719.89	1,106	1,918	1,125
Gain (Loss) on Sale of Investments	2.05	-	-110.66	-77.94	-	-40.5
Gain (Loss) on Sale of Assets	12.38	10.25	0.44	-4.53	4.15	5.63
Asset Writedown	-13.2	-	-21.99	-0.16	-55.26	-39.04
Other Unusual Items	147.7	117.32	32.98	44.57	31.88	20.16
Pretax Income	180.54	154.84	-819.13	1,068	1,899	1,071
Income Tax Expense	114.96	86.37	42.39	189.29	299.48	177.03
Earnings From Continuing Operations	65.58	68.48	-861.52	878.72	1,599	893.87
Net Income to Company	65.58	68.48	-861.52	878.72	1,599	893.87
Minority Interest in Earnings	-0.05	-0.04	86.11	25.5	38.82	-7.3
Net Income	65.53	68.43	-775.4	904.22	1,638	886.57
Net Income to Common	65.53	68.43	-775.4	904.22	1,638	886.57
Net Income Growth	312.40%	-	-	-44.81%	84.79%	63.02%
Shares Outstanding (Basic)	1,711	1,711	1,723	1,706	1,531	1,343
Shares Outstanding (Diluted)	1,711	1,711	1,723	1,706	1,546	1,364
Shares Change (YoY)	-1.20%	-0.71%	1.00%	10.38%	13.31%	5.34%
EPS (Basic)	0.04	0.04	-0.45	0.53	1.07	0.66
EPS (Diluted)	0.04	0.04	-0.45	0.53	1.06	0.65
EPS Growth	317.46%	-	-	-50.00%	63.08%	54.76%
Free Cash Flow	208.32	331.13	-117.06	1,233	2,115	697.33
Free Cash Flow Per Share	0.12	0.19	-0.07	0.72	1.37	0.51
Dividend Per Share	0.020	0.020	-	0.100	0.100	0.100
Gross Margin	10.21%	10.42%	5.65%	18.77%	26.24%	23.69%
Operating Margin	1.85%	2.19%	-3.80%	9.34%	17.41%	13.87%
Profit Margin	0.58%	0.61%	-6.76%	6.34%	13.64%	9.50%
Free Cash Flow Margin	1.84%	2.97%	-1.02%	8.65%	17.60%	7.47%
EBITDA	1,067	1,066	338.37	2,107	2,635	1,856
EBITDA Margin	9.42%	9.56%	2.95%	14.77%	21.93%	19.88%
D&A For EBITDA	858.11	821.91	773.64	775.32	543.65	561
EBIT	209.17	244.21	-435.27	1,332	2,092	1,295
EBIT Margin	1.85%	2.19%	-3.80%	9.34%	17.41%	13.87%
Effective Tax Rate	63.68%	55.78%	-	17.72%	15.77%	16.53%
Revenue as Reported	11,327	11,156	11,465	14,262	12,015	9,335

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