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