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	Jun '26 Jun 30, 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	75,271	67,657	63,844	67,139	76,712	75,166
Other Revenue	22.82	28.13	46.9	126.59	64.51	72.38
Revenue	75,294	67,685	63,891	67,266	76,776	75,238
Revenue Growth	20.33%	5.94%	-5.02%	-12.39%	2.04%	54.08%
Cost of Revenue	73,052	65,660	61,930	65,337	75,107	73,580
Gross Profit	2,242	2,026	1,961	1,929	1,669	1,658
Selling, General & Admin	985.48	983.94	901.28	857.85	887.3	864.47
Research & Development	115.12	117.37	119.97	95.26	68.64	30.17
Other Operating Expenses	710.64	584.04	439.43	357.57	317.28	328.09
Operating Expenses	1,840	1,703	1,451	1,290	1,303	1,213
Operating Income	402.59	322.17	509.68	639.38	366.34	445.68
Interest Expense	-56.02	-63.06	-78.9	-62.75	-131.88	-192.42
Interest & Investment Income	75.22	64.77	82.77	66.22	54.73	160.05
Currency Exchange Gain (Loss)	-2.41	0.39	0.31	-1.28	1.99	-1.81
Other Non Operating Income (Expenses)	-101.43	-99.05	-161.63	-158.2	-49.75	-58.81
EBT Excluding Unusual Items	317.95	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	-691.58	-696.92	-439.61	-54.19	-118.91	14.88
Gain (Loss) on Sale of Assets	1,207	1,580	930.52	668.5	671.56	658.18
Asset Writedown	-23.8	-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	23.44	9.21	16.92	10.82	130.8	175.12
Pretax Income	830.36	1,091	861.2	1,096	872.57	1,130
Income Tax Expense	431.56	518	311.93	253.43	170.05	217.89
Earnings From Continuing Operations	398.8	572.59	549.27	842.37	702.52	912.19
Minority Interest in Earnings	-80.84	-27.04	-83.07	-55.8	-62.08	7.47
Net Income	317.96	545.55	466.2	786.57	640.44	919.66
Net Income to Common	317.96	545.55	466.2	786.57	640.44	919.66
Net Income Growth	-32.42%	17.02%	-40.73%	22.82%	-30.36%	58.98%
Shares Outstanding (Basic)	2,171	2,173	2,220	2,186	2,188	2,170
Shares Outstanding (Diluted)	2,171	2,173	2,220	2,186	2,188	2,170
Shares Change	-2.11%	-2.10%	1.58%	-0.11%	0.83%	0.01%
EPS (Basic)	0.15	0.25	0.21	0.36	0.29	0.42
EPS (Diluted)	0.15	0.25	0.21	0.36	0.29	0.42
EPS Growth	-30.96%	19.52%	-41.65%	22.96%	-30.93%	58.97%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	-199.93	1,033	669.73	723.02	1,200	928.51
Free Cash Flow Per Share	-0.09	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	2.98%	2.99%	3.07%	2.87%	2.17%	2.20%
Operating Margin	0.53%	0.48%	0.80%	0.95%	0.48%	0.59%
Profit Margin	0.42%	0.81%	0.73%	1.17%	0.83%	1.22%
Free Cash Flow Margin	-0.27%	1.53%	1.05%	1.07%	1.56%	1.23%
EBITDA	631.71	566.65	790.33	914.86	688.38	714.18
EBITDA Margin	0.84%	0.84%	1.24%	1.36%	0.90%	0.95%
D&A For EBITDA	229.12	244.48	280.65	275.48	322.04	268.49
EBIT	402.59	322.17	509.68	639.38	366.34	445.68
EBIT Margin	0.53%	0.48%	0.80%	0.95%	0.48%	0.59%
Effective Tax Rate	51.97%	47.50%	36.22%	23.13%	19.49%	19.28%
Revenue as Reported	75,294	67,685	63,891	67,266	76,776	75,238