China XD Electric 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	23,624	21,828	20,598	18,327	13,807	15,168
Other Revenue	414.8	452.89	606.44	434.29	578.56	826.32
Revenue	24,039	22,281	21,204	18,761	14,385	15,994
Revenue Growth (YoY)	8.80%	5.08%	13.02%	30.42%	-10.06%	3.35%
Cost of Revenue	18,843	17,695	17,249	15,592	11,160	13,291
Gross Profit	5,196	4,585	3,956	3,169	3,226	2,703
Selling, General & Admin	2,362	2,284	2,078	1,829	1,780	1,867
Research & Development	912.23	807.86	726.19	599.37	738.05	564.26
Other Operating Expenses	70.14	43.34	89.01	159.11	137.36	147.22
Operating Expenses	3,482	3,147	3,058	2,801	2,731	2,576
Operating Income	1,714	1,438	897.9	367.87	495.02	127.09
Interest Expense	-44.03	-44.71	-83.27	-77.6	-65.31	-79.41
Interest & Investment Income	250.97	256.15	244.83	82.63	107.94	381.88
Currency Exchange Gain (Loss)	-240.99	-240.99	-51.04	58.77	-43.86	-69.21
Other Non Operating Income (Expenses)	-49.97	-52.31	-36.36	-34.33	-59.9	-81.69
EBT Excluding Unusual Items	1,630	1,357	972.05	397.34	433.89	278.66
Impairment of Goodwill	-	-	-0.84	-1.34	-	-
Gain (Loss) on Sale of Investments	-30.22	-45.68	-32.37	70.66	18.93	-261.93
Gain (Loss) on Sale of Assets	10.32	26.79	134.6	276.66	105.08	84.26
Asset Writedown	-176.2	-72.58	-52.68	-7.63	-13.94	-2.86
Legal Settlements	-24.99	-24.99	-40.55	-	-	-
Other Unusual Items	106.39	106.39	181.58	153.48	123.28	216.82
Pretax Income	1,515	1,347	1,162	889.16	667.25	314.95
Income Tax Expense	104.94	126.98	92.8	160.01	64.36	43.83
Earnings From Continuing Operations	1,410	1,220	1,069	729.15	602.89	271.11
Minority Interest in Earnings	-204.03	-165.4	-171.82	-110.08	-58.78	-27.23
Net Income	1,206	1,054	897.17	619.07	544.1	243.88
Net Income to Common	1,206	1,054	897.17	619.07	544.1	243.88
Net Income Growth	5.54%	17.50%	44.92%	13.78%	123.10%	-40.98%
Shares Outstanding (Basic)	5,126	5,126	5,126	5,126	5,126	5,123
Shares Outstanding (Diluted)	5,126	5,126	5,126	5,126	5,126	5,123
Shares Change (YoY)	0.02%	-	-	-	0.05%	-0.05%
EPS (Basic)	0.24	0.21	0.18	0.12	0.11	0.05
EPS (Diluted)	0.24	0.21	0.17	0.12	0.11	0.05
EPS Growth	5.54%	17.52%	44.90%	13.83%	122.90%	-40.96%
Free Cash Flow	1,593	2,130	607.12	134.52	1,426	-249.41
Free Cash Flow Per Share	0.31	0.42	0.12	0.03	0.28	-0.05
Dividend Per Share	0.069	0.083	0.066	0.045	0.032	0.030
Dividend Growth	-45.67%	25.76%	46.67%	40.63%	6.67%	-40.00%
Gross Margin	21.61%	20.58%	18.66%	16.89%	22.43%	16.90%
Operating Margin	7.13%	6.46%	4.23%	1.96%	3.44%	0.80%
Profit Margin	5.02%	4.73%	4.23%	3.30%	3.78%	1.52%
Free Cash Flow Margin	6.63%	9.56%	2.86%	0.72%	9.91%	-1.56%
EBITDA	2,633	2,354	1,809	1,039	1,156	901.07
EBITDA Margin	10.95%	10.56%	8.53%	5.54%	8.04%	5.63%
D&A For EBITDA	919.32	915.59	910.6	670.85	661.35	773.98
EBIT	1,714	1,438	897.9	367.87	495.02	127.09
EBIT Margin	7.13%	6.46%	4.23%	1.96%	3.44%	0.80%
Effective Tax Rate	6.93%	9.43%	7.99%	18.00%	9.64%	13.92%
Revenue as Reported	24,039	22,281	21,204	18,761	14,385	15,994

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