CMST Development Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	63,108	63,097	67,139	76,712	75,166	48,750
Other Revenue	46.9	46.9	126.59	64.51	72.38	80.3
Revenue	63,155	63,144	67,266	76,776	75,238	48,830
Revenue Growth (YoY)	-2.86%	-6.13%	-12.39%	2.04%	54.08%	20.95%
Cost of Revenue	61,233	61,289	65,337	75,107	73,580	47,358
Gross Profit	1,922	1,855	1,929	1,669	1,658	1,472
Selling, General & Admin	886.17	878.62	857.85	887.3	864.47	828.65
Research & Development	114.86	119.97	95.26	68.64	30.17	10.21
Other Operating Expenses	520.05	435.93	357.57	317.28	328.09	265.78
Operating Expenses	1,529	1,427	1,290	1,303	1,213	1,110
Operating Income	392.26	427.46	639.38	366.34	445.68	362.4
Interest Expense	-63.91	-78.9	-62.75	-131.88	-192.42	-196.29
Interest & Investment Income	78.31	81.01	66.22	54.73	160.05	182.76
Currency Exchange Gain (Loss)	-0.06	-0.06	-1.28	1.99	-1.81	19.32
Other Non Operating Income (Expenses)	-164.73	-144.87	-158.2	-49.75	-58.81	-296.06
EBT Excluding Unusual Items	241.88	284.64	483.37	241.42	352.69	72.13
Impairment of Goodwill	-	-	-9.82	-5.77	-	-45.77
Gain (Loss) on Sale of Investments	-458.28	-439.61	-54.19	-118.91	14.88	0.15
Gain (Loss) on Sale of Assets	1,026	930.23	668.5	671.56	658.18	665.15
Asset Writedown	-14.99	-14.7	-6.71	-46.77	-8.06	-42.91
Legal Settlements	1.18	1.18	3.83	0.23	-62.71	94.25
Other Unusual Items	14.16	14.16	10.82	130.8	175.12	18.02
Pretax Income	810.44	775.9	1,096	872.57	1,130	761.01
Income Tax Expense	325.92	289.83	253.43	170.05	217.89	214.52
Earnings From Continuing Operations	484.51	486.07	842.37	702.52	912.19	546.49
Minority Interest in Earnings	-66.08	-83.07	-55.8	-62.08	7.47	31.97
Net Income	418.44	403	786.57	640.44	919.66	578.46
Net Income to Common	418.44	403	786.57	640.44	919.66	578.46
Net Income Growth	-52.15%	-48.77%	22.82%	-30.36%	58.98%	106.92%
Shares Outstanding (Basic)	2,175	2,178	2,186	2,188	2,170	2,170
Shares Outstanding (Diluted)	2,175	2,178	2,186	2,188	2,170	2,170
Shares Change (YoY)	-0.28%	-0.33%	-0.11%	0.83%	0.01%	-0.42%
EPS (Basic)	0.19	0.18	0.36	0.29	0.42	0.27
EPS (Diluted)	0.19	0.18	0.36	0.29	0.42	0.27
EPS Growth	-52.01%	-48.60%	22.96%	-30.93%	58.97%	107.79%
Free Cash Flow	1,032	506.9	723.02	1,200	928.51	367.59
Free Cash Flow Per Share	0.47	0.23	0.33	0.55	0.43	0.17
Dividend Per Share	0.070	0.070	0.128	0.100	0.161	0.079
Dividend Growth	-45.31%	-45.31%	28.00%	-37.89%	103.80%	-
Gross Margin	3.04%	2.94%	2.87%	2.17%	2.20%	3.01%
Operating Margin	0.62%	0.68%	0.95%	0.48%	0.59%	0.74%
Profit Margin	0.66%	0.64%	1.17%	0.83%	1.22%	1.19%
Free Cash Flow Margin	1.63%	0.80%	1.07%	1.56%	1.23%	0.75%
EBITDA	616.26	673.52	914.86	688.38	714.18	604.33
EBITDA Margin	0.98%	1.07%	1.36%	0.90%	0.95%	1.24%
D&A For EBITDA	223.99	246.06	275.48	322.04	268.49	241.93
EBIT	392.26	427.46	639.38	366.34	445.68	362.4
EBIT Margin	0.62%	0.68%	0.95%	0.48%	0.59%	0.74%
Effective Tax Rate	40.22%	37.35%	23.13%	19.49%	19.28%	28.19%
Revenue as Reported	63,155	63,144	67,266	76,776	75,238	48,830

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