Flat Glass Group 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	16,502	18,642	21,365	15,402	8,674	6,222
Other Revenue	40.48	40.48	158.5	59.16	39.57	38.14
Revenue	16,542	18,683	21,524	15,461	8,713	6,260
Revenue Growth (YoY)	-18.28%	-13.20%	39.21%	77.44%	39.18%	30.24%
Cost of Revenue	14,624	15,866	16,861	12,052	5,631	3,604
Gross Profit	1,918	2,816	4,663	3,409	3,082	2,656
Selling, General & Admin	370.31	379.53	421.95	395.57	307.13	219.79
Research & Development	447.24	604.79	596.75	523.23	408.42	284.72
Other Operating Expenses	71.41	99.23	31.2	57.32	41.69	52.97
Operating Expenses	832.23	1,020	1,128	1,006	731.01	589.47
Operating Income	1,086	1,796	3,535	2,402	2,351	2,067
Interest Expense	-551.33	-569.81	-590.66	-338.24	-90.25	-80.27
Interest & Investment Income	126.16	177.85	130.36	72.16	69.2	22.09
Currency Exchange Gain (Loss)	41.26	41.26	24.56	43.54	3.57	-75.35
Other Non Operating Income (Expenses)	21.84	-4.98	-18.98	-7.38	-3.1	-2.27
EBT Excluding Unusual Items	723.61	1,440	3,080	2,172	2,331	1,931
Gain (Loss) on Sale of Investments	0.39	1.02	0.63	-1.83	-1.38	1.25
Gain (Loss) on Sale of Assets	-78.17	-65.98	-7.09	-8.9	3.6	-18.02
Asset Writedown	-243.3	-277.44	-21.89	-	-	-68.67
Other Unusual Items	30.7	30.7	-0.19	-8.85	47.34	28.38
Pretax Income	433.23	1,129	3,052	2,153	2,380	1,874
Income Tax Expense	68.89	112.38	288.78	30.1	260.3	245.12
Earnings From Continuing Operations	364.33	1,016	2,763	2,123	2,120	1,629
Minority Interest in Earnings	-15.82	-9.53	-3.34	-	-	-
Net Income	348.51	1,007	2,760	2,123	2,120	1,629
Preferred Dividends & Other Adjustments	0.58	0.58	0.53	0.76	-	-
Net Income to Common	347.93	1,006	2,759	2,122	2,120	1,629
Net Income Growth	-83.30%	-63.52%	30.00%	0.14%	30.15%	127.09%
Shares Outstanding (Basic)	2,343	2,338	2,230	2,144	2,141	1,962
Shares Outstanding (Diluted)	2,343	2,339	2,232	2,146	2,141	2,011
Shares Change (YoY)	-0.63%	4.81%	3.98%	0.23%	6.49%	4.46%
EPS (Basic)	0.15	0.43	1.24	0.99	0.99	0.83
EPS (Diluted)	0.15	0.43	1.24	0.99	0.99	0.81
EPS Growth	-83.22%	-65.21%	25.02%	-0.09%	22.22%	118.92%
Free Cash Flow	2,136	1,027	-3,645	-7,894	-3,189	-248.96
Free Cash Flow Per Share	0.91	0.44	-1.63	-3.68	-1.49	-0.12
Dividend Per Share	-	0.130	0.618	0.230	-	0.215
Dividend Growth	-	-78.96%	168.70%	-	-	696.30%
Gross Margin	11.59%	15.07%	21.66%	22.05%	35.37%	42.43%
Operating Margin	6.56%	9.61%	16.42%	15.54%	26.98%	33.01%
Profit Margin	2.10%	5.38%	12.82%	13.73%	24.33%	26.02%
Free Cash Flow Margin	12.91%	5.50%	-16.94%	-51.06%	-36.60%	-3.98%
EBITDA	3,184	3,775	5,355	3,707	2,890	2,465
EBITDA Margin	19.25%	20.21%	24.88%	23.98%	33.17%	39.38%
D&A For EBITDA	2,098	1,979	1,820	1,305	539.19	398.28
EBIT	1,086	1,796	3,535	2,402	2,351	2,067
EBIT Margin	6.56%	9.61%	16.42%	15.54%	26.98%	33.01%
Effective Tax Rate	15.90%	9.96%	9.46%	1.40%	10.94%	13.08%
Revenue as Reported	-	-	-	-	8,713	6,260

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.