Ningbo Joyson Electronic 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	59,903	60,664	55,424	55,317	49,793	45,021
Other Revenue	519.17	519.17	439.27	411.76	-	649.03
Revenue	60,422	61,183	55,864	55,728	49,793	45,670
Revenue Growth (YoY)	5.70%	9.52%	0.24%	11.92%	9.03%	-4.63%
Cost of Revenue	49,892	50,484	47,253	48,020	44,108	40,682
Gross Profit	10,530	10,699	8,611	7,709	5,686	4,989
Selling, General & Admin	3,574	3,661	2,864	2,682	2,851	3,574
Research & Development	3,241	3,198	2,500	2,445	2,058	2,246
Other Operating Expenses	137.47	133.83	40.19	66.48	141.06	122.21
Operating Expenses	7,003	7,043	5,437	5,228	5,034	5,978
Operating Income	3,528	3,656	3,173	2,481	651.52	-989.9
Interest Expense	-1,145	-1,145	-1,130	-1,121	-932.11	-1,026
Interest & Investment Income	105.22	107.62	356.36	280.54	219.47	251.72
Currency Exchange Gain (Loss)	-10.95	-10.95	216.83	179.63	381.91	-22.67
Other Non Operating Income (Expenses)	37.96	-26.61	-18.77	-25.64	-22.32	-13.06
EBT Excluding Unusual Items	2,515	2,581	2,597	1,794	298.47	-1,800
Merger & Restructuring Charges	-312.41	-312.41	-621.37	-239.67	-233.1	-229.03
Impairment of Goodwill	-	-	-	-	-	-2,019
Gain (Loss) on Sale of Investments	-48.65	-65.75	36.87	157.13	101.78	63.19
Gain (Loss) on Sale of Assets	-43.46	-43.86	3.35	12.41	-1.76	-23.83
Asset Writedown	31.75	-8.91	-54.76	-25.53	-4.54	-
Other Unusual Items	35.1	35.1	34.2	63.46	318.97	119.76
Pretax Income	2,178	2,185	1,996	1,762	479.82	-3,889
Income Tax Expense	502.41	569.68	669.47	522.19	246.56	646.19
Earnings From Continuing Operations	1,675	1,616	1,326	1,240	233.26	-4,535
Minority Interest in Earnings	-277.7	-279.73	-365.81	-156.9	160.92	782.17
Net Income	1,397	1,336	960.47	1,083	394.18	-3,753
Net Income to Common	1,397	1,336	960.47	1,083	394.18	-3,753
Net Income Growth	40.53%	39.08%	-11.33%	174.79%	-	-
Shares Outstanding (Basic)	1,438	1,406	1,392	1,389	1,359	1,370
Shares Outstanding (Diluted)	1,438	1,406	1,392	1,389	1,359	1,370
Shares Change (YoY)	2.85%	1.02%	0.24%	2.17%	-0.77%	8.93%
EPS (Basic)	0.97	0.95	0.69	0.78	0.29	-2.74
EPS (Diluted)	0.97	0.95	0.69	0.78	0.29	-2.74
EPS Growth	36.64%	37.68%	-11.54%	168.97%	-	-
Free Cash Flow	898.81	1,090	1,389	158.59	-1,134	-983.7
Free Cash Flow Per Share	0.63	0.78	1.00	0.11	-0.83	-0.72
Dividend Per Share	0.180	0.180	0.260	0.260	0.100	-
Dividend Growth	-30.77%	-30.77%	-	160.00%	-	-
Gross Margin	17.43%	17.49%	15.41%	13.83%	11.42%	10.92%
Operating Margin	5.84%	5.97%	5.68%	4.45%	1.31%	-2.17%
Profit Margin	2.31%	2.18%	1.72%	1.94%	0.79%	-8.22%
Free Cash Flow Margin	1.49%	1.78%	2.49%	0.29%	-2.28%	-2.15%
EBITDA	5,357	5,689	6,022	5,197	3,351	1,730
EBITDA Margin	8.87%	9.30%	10.78%	9.33%	6.73%	3.79%
D&A For EBITDA	1,830	2,034	2,849	2,717	2,700	2,720
EBIT	3,528	3,656	3,173	2,481	651.52	-989.9
EBIT Margin	5.84%	5.97%	5.68%	4.45%	1.31%	-2.17%
Effective Tax Rate	23.07%	26.07%	33.55%	29.63%	51.39%	-
Revenue as Reported	61,183	61,183	55,864	55,728	49,793	45,670
Advertising Expenses	-	87.44	15.52	15.38	11.55	11.97

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