CMST Development 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	72,114	67,657	63,844	67,139	76,712	75,166
Other Revenue	28.13	28.13	46.9	126.59	64.51	72.38
Revenue	72,142	67,685	63,891	67,266	76,776	75,238
Revenue Growth (YoY)	13.88%	5.94%	-5.02%	-12.39%	2.04%	54.08%
Cost of Revenue	70,049	65,660	61,930	65,337	75,107	73,580
Gross Profit	2,093	2,026	1,961	1,929	1,669	1,658
Selling, General & Admin	991.93	983.94	901.28	857.85	887.3	864.47
Research & Development	114	117.37	119.97	95.26	68.64	30.17
Other Operating Expenses	640.26	584.04	439.43	357.57	317.28	328.09
Operating Expenses	1,770	1,703	1,451	1,290	1,303	1,213
Operating Income	322.13	322.17	509.68	639.38	366.34	445.68
Interest Expense	-59.96	-63.06	-78.9	-62.75	-131.88	-192.42
Interest & Investment Income	78.87	64.77	82.77	66.22	54.73	160.05
Currency Exchange Gain (Loss)	0.39	0.39	0.31	-1.28	1.99	-1.81
Other Non Operating Income (Expenses)	-98.9	-99.05	-161.63	-158.2	-49.75	-58.81
EBT Excluding Unusual Items	242.53	225.22	352.22	483.37	241.42	352.69
Impairment of Goodwill	-8.38	-8.38	-	-9.82	-5.77	-
Gain (Loss) on Sale of Investments	-694.34	-696.92	-439.61	-54.19	-118.91	14.88
Gain (Loss) on Sale of Assets	1,580	1,580	930.52	668.5	671.56	658.18
Asset Writedown	-24.47	-23.88	-0.03	-6.71	-46.77	-8.06
Legal Settlements	5.69	5.69	1.18	3.83	0.23	-62.71
Other Unusual Items	9.21	9.21	16.92	10.82	130.8	175.12
Pretax Income	1,110	1,091	861.2	1,096	872.57	1,130
Income Tax Expense	523.49	518	311.93	253.43	170.05	217.89
Earnings From Continuing Operations	586.69	572.59	549.27	842.37	702.52	912.19
Minority Interest in Earnings	-45.68	-27.04	-83.07	-55.8	-62.08	7.47
Net Income	541.01	545.55	466.2	786.57	640.44	919.66
Net Income to Common	541.01	545.55	466.2	786.57	640.44	919.66
Net Income Growth	100.33%	17.02%	-40.73%	22.82%	-30.36%	58.98%
Shares Outstanding (Basic)	2,298	2,173	2,220	2,186	2,188	2,170
Shares Outstanding (Diluted)	2,298	2,173	2,220	2,186	2,188	2,170
Shares Change (YoY)	6.33%	-2.10%	1.58%	-0.11%	0.83%	0.01%
EPS (Basic)	0.24	0.25	0.21	0.36	0.29	0.42
EPS (Diluted)	0.24	0.25	0.21	0.36	0.29	0.42
EPS Growth	88.41%	19.52%	-41.65%	22.96%	-30.93%	58.97%
Free Cash Flow	617.74	1,033	669.73	723.02	1,200	928.51
Free Cash Flow Per Share	0.27	0.47	0.30	0.33	0.55	0.43
Dividend Per Share	0.113	0.113	0.070	0.128	0.100	0.161
Dividend Growth	61.43%	61.43%	-45.31%	28.00%	-37.89%	103.80%
Gross Margin	2.90%	2.99%	3.07%	2.87%	2.17%	2.20%
Operating Margin	0.45%	0.48%	0.80%	0.95%	0.48%	0.59%
Profit Margin	0.75%	0.81%	0.73%	1.17%	0.83%	1.22%
Free Cash Flow Margin	0.86%	1.53%	1.05%	1.07%	1.56%	1.23%
EBITDA	557.57	566.65	790.33	914.86	688.38	714.18
EBITDA Margin	0.77%	0.84%	1.24%	1.36%	0.90%	0.95%
D&A For EBITDA	235.44	244.48	280.65	275.48	322.04	268.49
EBIT	322.13	322.17	509.68	639.38	366.34	445.68
EBIT Margin	0.45%	0.48%	0.80%	0.95%	0.48%	0.59%
Effective Tax Rate	47.15%	47.50%	36.22%	23.13%	19.49%	19.28%
Revenue as Reported	72,142	67,685	63,891	67,266	76,776	75,238

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