NARI Technology 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	66,825	66,156	57,735	51,547	46,739	42,311
Other Revenue	72.71	72.71	93.84	108.75	89.55	100.32
Revenue	66,898	66,229	57,829	51,655	46,829	42,411
Revenue Growth (YoY)	13.44%	14.52%	11.95%	10.31%	10.42%	10.15%
Cost of Revenue	49,650	49,229	42,535	37,864	34,302	31,094
Gross Profit	17,248	17,000	15,295	13,791	12,527	11,317
Selling, General & Admin	4,027	3,995	3,742	3,390	2,902	2,618
Research & Development	3,653	3,604	3,259	2,730	2,380	2,153
Other Operating Expenses	-106.13	-120.15	-191.15	-280.73	-69.16	-151.77
Operating Expenses	7,910	7,799	6,921	5,863	5,288	4,714
Operating Income	9,337	9,201	8,374	7,928	7,240	6,603
Interest Expense	-18.83	-20	-28.7	-38.46	-46.64	-74.31
Interest & Investment Income	455.13	491.78	546.58	543.68	430.27	311.5
Currency Exchange Gain (Loss)	-80.48	-80.48	40.9	26.26	153.26	-44.68
Other Non Operating Income (Expenses)	-119.86	-30.83	-18.75	-11.04	-54.32	-39.69
EBT Excluding Unusual Items	9,573	9,562	8,914	8,449	7,722	6,756
Gain (Loss) on Sale of Investments	188.29	161.69	148.15	19.14	2	15.05
Gain (Loss) on Sale of Assets	-4	-4.05	-6.74	-1.99	6.61	-0.42
Asset Writedown	12.31	-	-	-	-	-
Other Unusual Items	99.74	99.74	81.53	103.52	154.3	95.64
Pretax Income	9,870	9,819	9,137	8,569	7,885	6,866
Income Tax Expense	960.87	960.84	990.26	941.62	980.39	823.52
Earnings From Continuing Operations	8,909	8,858	8,147	7,628	6,905	6,043
Minority Interest in Earnings	-588.79	-579.1	-536.57	-452.48	-458.56	-400.36
Net Income	8,320	8,279	7,610	7,175	6,446	5,642
Net Income to Common	8,320	8,279	7,610	7,175	6,446	5,642
Net Income Growth	8.13%	8.79%	6.06%	11.31%	14.24%	16.30%
Shares Outstanding (Basic)	8,061	7,961	8,011	7,972	7,958	7,966
Shares Outstanding (Diluted)	8,061	7,961	8,011	7,972	7,958	7,966
Shares Change (YoY)	3.72%	-0.63%	0.48%	0.18%	-0.10%	0.34%
EPS (Basic)	1.03	1.04	0.95	0.90	0.81	0.71
EPS (Diluted)	1.03	1.04	0.95	0.90	0.81	0.71
EPS Growth	4.19%	9.47%	5.56%	11.11%	14.36%	15.91%
Free Cash Flow	9,317	10,658	9,237	9,326	5,345	2,654
Free Cash Flow Per Share	1.16	1.34	1.15	1.17	0.67	0.33
Dividend Per Share	0.622	0.622	0.435	0.540	0.325	0.285
Dividend Growth	42.99%	42.99%	-19.44%	66.15%	14.12%	17.15%
Gross Margin	25.78%	25.67%	26.45%	26.70%	26.75%	26.68%
Operating Margin	13.96%	13.89%	14.48%	15.35%	15.46%	15.57%
Profit Margin	12.44%	12.50%	13.16%	13.89%	13.76%	13.30%
Free Cash Flow Margin	13.93%	16.09%	15.97%	18.05%	11.41%	6.26%
EBITDA	10,262	10,262	9,982	9,573	8,600	7,878
EBITDA Margin	15.34%	15.50%	17.26%	18.53%	18.36%	18.57%
D&A For EBITDA	924.32	1,061	1,608	1,645	1,360	1,274
EBIT	9,337	9,201	8,374	7,928	7,240	6,603
EBIT Margin	13.96%	13.89%	14.48%	15.35%	15.46%	15.57%
Effective Tax Rate	9.74%	9.79%	10.84%	10.99%	12.43%	11.99%
Revenue as Reported	66,898	66,229	57,829	51,655	46,829	42,411
Advertising Expenses	-	77.77	73.34	56.63	44.72	-

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