Linhai Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Revenue	1,172	1,117	1,038	685.74	720.91	813.06
Other Revenue	14.11	14.11	12.97	9.07	9.48	28.39
Revenue	1,186	1,131	1,051	694.81	730.39	841.45
Revenue Growth (YoY)	5.90%	7.66%	51.23%	-4.87%	-13.20%	40.34%
Cost of Revenue	1,038	982.67	929.75	601.07	640.59	759.86
Gross Profit	148.67	148.58	120.98	93.73	89.81	81.59
Selling, General & Admin	75.1	73.49	64.16	50.41	57.02	54.04
Research & Development	42.72	45.74	42.96	25.22	20.22	12.93
Other Operating Expenses	6.65	5.78	6.26	2.34	2.37	2.54
Operating Expenses	127.07	129.69	119.55	88.69	86.33	73.54
Operating Income	21.6	18.89	1.44	5.04	3.48	8.05
Interest Expense	-0.29	-0.45	-0.76	-0.92	-0.38	-
Interest & Investment Income	7.65	7.6	8.69	2.5	1.87	3.45
Currency Exchange Gain (Loss)	-0.94	-0.94	7.09	0.8	4.43	-0.72
Other Non Operating Income (Expenses)	-4.46	-0.54	-0.66	-0.43	-0.5	-0.03
EBT Excluding Unusual Items	23.55	24.55	15.78	7	8.9	10.74
Gain (Loss) on Sale of Investments	-0.02	-0.02	0.02	-	-	-
Gain (Loss) on Sale of Assets	0.01	0.01	-0.42	0.27	0.17	-1.2
Asset Writedown	0.02	-	-	-	-	-
Other Unusual Items	4.42	3.03	5.21	4.67	2.12	1.99
Pretax Income	27.99	27.57	20.6	11.93	11.18	11.53
Income Tax Expense	2.77	3.02	2.17	-1.38	1.86	2.02
Net Income	25.22	24.55	18.43	13.31	9.32	9.51
Net Income to Common	25.22	24.55	18.43	13.31	9.32	9.51
Net Income Growth	26.63%	33.24%	38.43%	42.86%	-2.05%	23.19%
Shares Outstanding (Basic)	219	219	219	218	217	221
Shares Outstanding (Diluted)	219	219	219	218	217	221
Shares Change (YoY)	-0.09%	-0.07%	0.53%	0.70%	-2.05%	0.85%
EPS (Basic)	0.12	0.11	0.08	0.06	0.04	0.04
EPS (Diluted)	0.12	0.11	0.08	0.06	0.04	0.04
EPS Growth	26.74%	33.33%	37.70%	41.86%	-	22.16%
Free Cash Flow	104.16	111.93	91.86	126.19	29.29	-12.96
Free Cash Flow Per Share	0.48	0.51	0.42	0.58	0.14	-0.06
Dividend Per Share	0.045	0.045	0.030	0.022	0.030	-
Dividend Growth	50.00%	50.00%	36.36%	-26.67%	-	-
Gross Margin	12.53%	13.13%	11.51%	13.49%	12.30%	9.70%
Operating Margin	1.82%	1.67%	0.14%	0.73%	0.48%	0.96%
Profit Margin	2.13%	2.17%	1.75%	1.92%	1.28%	1.13%
Free Cash Flow Margin	8.78%	9.89%	8.74%	18.16%	4.01%	-1.54%
EBITDA	35.43	32.63	14.79	17.62	14.96	20.75
EBITDA Margin	2.99%	2.88%	1.41%	2.54%	2.05%	2.47%
D&A For EBITDA	13.84	13.74	13.35	12.57	11.49	12.7
EBIT	21.6	18.89	1.44	5.04	3.48	8.05
EBIT Margin	1.82%	1.67%	0.14%	0.73%	0.48%	0.96%
Effective Tax Rate	9.90%	10.94%	10.53%	-	16.65%	17.52%
Revenue as Reported	1,186	1,131	1,051	694.81	730.39	841.45
Advertising Expenses	-	2.27	1.05	0.31	0.57	1.06

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