Xiamen C&D 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	661,459	665,092	695,079	757,951	829,060	704,643
Other Revenue	6,178	6,178	6,217	5,727	3,770	3,201
Revenue	667,638	671,270	701,296	763,678	832,830	707,844
Revenue Growth (YoY)	-6.46%	-4.28%	-8.17%	-8.30%	17.66%	63.49%
Cost of Revenue	640,680	645,488	666,213	733,711	806,272	683,959
Gross Profit	26,958	25,783	35,083	29,967	26,557	23,885
Selling, General & Admin	14,053	14,165	14,454	13,995	10,903	8,825
Research & Development	400.45	413.57	285.44	236.51	190.62	73.73
Other Operating Expenses	3,585	3,455	2,634	941.75	1,813	867.4
Operating Expenses	18,826	18,823	18,128	16,276	13,385	10,029
Operating Income	8,132	6,959	16,955	13,691	13,172	13,856
Interest Expense	-5,588	-5,581	-6,253	-3,943	-2,381	-2,295
Interest & Investment Income	1,975	2,230	4,436	3,482	5,200	3,909
Currency Exchange Gain (Loss)	538.94	538.94	48.33	-158.18	-66.56	219.85
Other Non Operating Income (Expenses)	-1,819	-1,533	-1,546	-1,728	-964.63	-387.45
EBT Excluding Unusual Items	3,239	2,614	13,640	11,343	14,960	15,303
Impairment of Goodwill	-143.27	-143.27	-	-	-0.35	-
Gain (Loss) on Sale of Investments	-26,652	-26,654	-2,924	-835.46	-70.19	-147.74
Gain (Loss) on Sale of Assets	21.78	38.17	184.81	28.59	140.82	19.98
Asset Writedown	-2,186	-2,288	-12.79	-0.69	-0.25	-0.48
Other Unusual Items	1,001	1,001	350.43	10,256	1,136	627.55
Pretax Income	-24,719	-25,432	11,239	20,792	16,166	15,802
Income Tax Expense	2,875	2,662	5,419	3,943	4,907	4,680
Earnings From Continuing Operations	-27,594	-28,094	5,820	16,850	11,259	11,122
Minority Interest in Earnings	16,897	17,279	-2,874	-3,746	-4,984	-4,982
Net Income	-10,698	-10,815	2,946	13,104	6,275	6,140
Net Income to Common	-10,835	-10,815	2,946	13,104	6,275	6,140
Net Income Growth	-	-	-77.52%	108.83%	2.20%	36.33%
Shares Outstanding (Basic)	2,595	2,766	3,592	3,055	3,268	2,966
Shares Outstanding (Diluted)	2,595	2,766	3,592	3,055	3,268	2,966
Shares Change (YoY)	-28.24%	-23.01%	17.61%	-6.54%	10.18%	4.72%
EPS (Basic)	-4.17	-3.91	0.82	4.29	1.92	2.07
EPS (Diluted)	-4.17	-3.91	0.82	4.29	1.92	2.07
EPS Growth	-	-	-80.89%	123.44%	-7.25%	30.19%
Free Cash Flow	-13,242	8,423	9,159	26,663	13,673	-331.57
Free Cash Flow Per Share	-5.10	3.04	2.55	8.73	4.18	-0.11
Dividend Per Share	0.700	0.700	0.700	0.700	0.800	0.600
Dividend Growth	-	-	-	-12.50%	33.33%	20.00%
Gross Margin	4.04%	3.84%	5.00%	3.92%	3.19%	3.37%
Operating Margin	1.22%	1.04%	2.42%	1.79%	1.58%	1.96%
Profit Margin	-1.62%	-1.61%	0.42%	1.72%	0.75%	0.87%
Free Cash Flow Margin	-1.98%	1.26%	1.31%	3.49%	1.64%	-0.05%
EBITDA	9,128	7,926	17,806	14,262	13,494	14,115
EBITDA Margin	1.37%	1.18%	2.54%	1.87%	1.62%	1.99%
D&A For EBITDA	995.84	966.87	850.99	571.31	322.41	259.09
EBIT	8,132	6,959	16,955	13,691	13,172	13,856
EBIT Margin	1.22%	1.04%	2.42%	1.79%	1.58%	1.96%
Effective Tax Rate	-	-	48.22%	18.96%	30.36%	29.61%
Revenue as Reported	667,638	671,270	701,296	763,678	832,830	707,844
Advertising Expenses	-	1,543	1,737	2,057	1,742	1,655

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