CMST Development Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	67,685	63,097	67,139	76,712	75,166
Other Revenue	-	46.9	126.59	64.51	72.38
Revenue	67,685	63,144	67,266	76,776	75,238
Revenue Growth (YoY)	7.19%	-6.13%	-12.39%	2.04%	54.08%
Cost of Revenue	65,654	61,289	65,337	75,107	73,580
Gross Profit	2,031	1,855	1,929	1,669	1,658
Selling, General & Admin	983.94	878.62	857.85	887.3	864.47
Research & Development	117.37	119.97	95.26	68.64	30.17
Other Operating Expenses	563.07	435.93	357.57	317.28	328.09
Operating Expenses	1,664	1,427	1,290	1,303	1,213
Operating Income	366.38	427.46	639.38	366.34	445.68
Interest Expense	-	-78.9	-62.75	-131.88	-192.42
Interest & Investment Income	-	81.01	66.22	54.73	160.05
Currency Exchange Gain (Loss)	-	-0.06	-1.28	1.99	-1.81
Other Non Operating Income (Expenses)	-120.21	-144.87	-158.2	-49.75	-58.81
EBT Excluding Unusual Items	246.16	284.64	483.37	241.42	352.69
Impairment of Goodwill	-	-	-9.82	-5.77	-
Gain (Loss) on Sale of Investments	-696.92	-439.61	-54.19	-118.91	14.88
Gain (Loss) on Sale of Assets	1,579	930.23	668.5	671.56	658.18
Asset Writedown	-37.33	-14.7	-6.71	-46.77	-8.06
Legal Settlements	-	1.18	3.83	0.23	-62.71
Other Unusual Items	-	14.16	10.82	130.8	175.12
Pretax Income	1,091	775.9	1,096	872.57	1,130
Income Tax Expense	518	289.83	253.43	170.05	217.89
Earnings From Continuing Operations	572.59	486.07	842.37	702.52	912.19
Minority Interest in Earnings	-27.04	-83.07	-55.8	-62.08	7.47
Net Income	545.55	403	786.57	640.44	919.66
Net Income to Common	545.55	403	786.57	640.44	919.66
Net Income Growth	35.37%	-48.77%	22.82%	-30.36%	58.98%
Shares Outstanding (Basic)	2,173	2,178	2,186	2,188	2,170
Shares Outstanding (Diluted)	2,173	2,178	2,186	2,188	2,170
Shares Change (YoY)	-0.22%	-0.33%	-0.11%	0.83%	0.01%
EPS (Basic)	0.25	0.18	0.36	0.29	0.42
EPS (Diluted)	0.25	0.18	0.36	0.29	0.42
EPS Growth	35.68%	-48.60%	22.96%	-30.93%	58.97%
Free Cash Flow	1,033	506.9	723.02	1,200	928.51
Free Cash Flow Per Share	0.47	0.23	0.33	0.55	0.43
Dividend Per Share	-	0.070	0.128	0.100	0.161
Dividend Growth	-	-45.31%	28.00%	-37.89%	103.80%
Gross Margin	3.00%	2.94%	2.87%	2.17%	2.20%
Operating Margin	0.54%	0.68%	0.95%	0.48%	0.59%
Profit Margin	0.81%	0.64%	1.17%	0.83%	1.22%
Free Cash Flow Margin	1.53%	0.80%	1.07%	1.56%	1.23%
EBITDA	635.26	673.52	914.86	688.38	714.18
EBITDA Margin	0.94%	1.07%	1.36%	0.90%	0.95%
D&A For EBITDA	268.88	246.06	275.48	322.04	268.49
EBIT	366.38	427.46	639.38	366.34	445.68
EBIT Margin	0.54%	0.68%	0.95%	0.48%	0.59%
Effective Tax Rate	47.50%	37.35%	23.13%	19.49%	19.28%
Revenue as Reported	-	63,144	67,266	76,776	75,238

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