Linhai 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	1,077	1,038	685.74	720.91	813.06	574.13
Other Revenue	12.97	12.97	9.07	9.48	28.39	25.46
Revenue	1,090	1,051	694.81	730.39	841.45	599.6
Revenue Growth (YoY)	17.37%	51.23%	-4.87%	-13.20%	40.34%	3.72%
Cost of Revenue	957.34	929.83	601.07	640.59	759.86	543.49
Gross Profit	132.88	120.91	93.73	89.81	81.59	56.11
Selling, General & Admin	72.34	64.08	50.41	57.02	54.04	42.46
Research & Development	41.16	42.96	25.22	20.22	12.93	7.36
Other Operating Expenses	6.38	6.26	2.34	2.37	2.54	3.22
Operating Expenses	120.29	119.47	88.69	86.33	73.54	52.99
Operating Income	12.58	1.44	5.04	3.48	8.05	3.11
Interest Expense	-0.67	-0.76	-0.92	-0.38	-	-
Interest & Investment Income	7.08	8.69	2.5	1.87	3.45	3.87
Currency Exchange Gain (Loss)	7.09	7.09	0.8	4.43	-0.72	-
Other Non Operating Income (Expenses)	-4.93	-0.66	-0.43	-0.5	-0.03	-0.05
EBT Excluding Unusual Items	21.17	15.78	7	8.9	10.74	6.93
Gain (Loss) on Sale of Investments	-	0.02	-	-	-	-
Gain (Loss) on Sale of Assets	-0.41	-0.42	0.27	0.17	-1.2	0.11
Asset Writedown	-1.7	-	-	-	-	-
Other Unusual Items	6.17	5.21	4.67	2.12	1.99	1.64
Pretax Income	25.22	20.6	11.93	11.18	11.53	8.68
Income Tax Expense	4.5	2.17	-1.38	1.86	2.02	0.95
Net Income	20.72	18.43	13.31	9.32	9.51	7.72
Net Income to Common	20.72	18.43	13.31	9.32	9.51	7.72
Net Income Growth	48.88%	38.43%	42.86%	-2.05%	23.19%	33.17%
Shares Outstanding (Basic)	220	219	218	217	221	219
Shares Outstanding (Diluted)	220	219	218	217	221	219
Shares Change (YoY)	1.08%	0.53%	0.70%	-2.05%	0.85%	0.26%
EPS (Basic)	0.09	0.08	0.06	0.04	0.04	0.04
EPS (Diluted)	0.09	0.08	0.06	0.04	0.04	0.04
EPS Growth	47.29%	37.70%	41.86%	-	22.16%	32.83%
Free Cash Flow	128.31	91.86	126.19	29.29	-12.96	30.9
Free Cash Flow Per Share	0.58	0.42	0.58	0.14	-0.06	0.14
Dividend Per Share	0.030	0.030	0.022	0.030	-	-
Dividend Growth	36.36%	36.36%	-26.67%	-	-	-
Gross Margin	12.19%	11.51%	13.49%	12.30%	9.70%	9.36%
Operating Margin	1.15%	0.14%	0.73%	0.48%	0.96%	0.52%
Profit Margin	1.90%	1.75%	1.92%	1.28%	1.13%	1.29%
Free Cash Flow Margin	11.77%	8.74%	18.16%	4.01%	-1.54%	5.15%
EBITDA	26.28	14.65	17.62	14.96	20.75	15.34
EBITDA Margin	2.41%	1.39%	2.54%	2.05%	2.47%	2.56%
D&A For EBITDA	13.69	13.21	12.57	11.49	12.7	12.23
EBIT	12.58	1.44	5.04	3.48	8.05	3.11
EBIT Margin	1.15%	0.14%	0.73%	0.48%	0.96%	0.52%
Effective Tax Rate	17.84%	10.53%	-	16.65%	17.52%	11.00%
Revenue as Reported	1,090	1,051	694.81	730.39	841.45	599.6
Advertising Expenses	-	1.05	0.31	0.57	1.06	0.36

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