Shanghai Carthane 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	823.52	742.73	732.63	632.38	547.34
Other Revenue	-	5.76	6.81	9.64	1.06
Revenue	823.52	748.48	739.44	642.02	548.4
Revenue Growth (YoY)	10.03%	1.22%	15.17%	17.07%	10.92%
Cost of Revenue	588.76	505.03	491.96	434.92	350.52
Gross Profit	234.76	243.45	247.49	207.1	197.89
Selling, General & Admin	88.46	95.36	102.09	82.37	58.95
Research & Development	59.29	50.31	65.17	58.08	47.34
Other Operating Expenses	-7.77	0.97	1.02	6.9	3.45
Operating Expenses	139.97	148.36	172.13	147.35	111.38
Operating Income	94.79	95.09	75.36	59.75	86.51
Interest Expense	-	-1.33	-0.8	-1.1	-0.43
Interest & Investment Income	-	3.56	13.97	2.45	6.32
Currency Exchange Gain (Loss)	-	-0.27	0.48	4.42	-2.19
Other Non Operating Income (Expenses)	-5.63	-0.18	-0.11	-0.06	-0.29
EBT Excluding Unusual Items	89.16	96.88	88.9	65.46	89.91
Gain (Loss) on Sale of Investments	-11.37	-12.66	-0	-0.02	-
Gain (Loss) on Sale of Assets	-0.35	-0.21	-0.01	0.16	-0.2
Asset Writedown	-0.66	-	-0.5	-	-
Legal Settlements	-	-	-	-0.28	-0.4
Other Unusual Items	-	14.21	9.9	17.28	5.71
Pretax Income	76.79	98.23	98.29	82.61	95.03
Income Tax Expense	4.44	9.7	11.35	11.74	9.6
Earnings From Continuing Operations	72.35	88.53	86.94	70.86	85.43
Minority Interest in Earnings	1.24	1.86	4.89	7.18	-1.21
Net Income	73.58	90.39	91.83	78.05	84.22
Net Income to Common	73.58	90.39	91.83	78.05	84.22
Net Income Growth	-18.59%	-1.56%	17.66%	-7.33%	1.81%
Shares Outstanding (Basic)	263	264	262	259	268
Shares Outstanding (Diluted)	263	264	262	259	268
Shares Change (YoY)	-0.31%	0.48%	1.18%	-3.33%	-0.75%
EPS (Basic)	0.28	0.34	0.35	0.30	0.31
EPS (Diluted)	0.28	0.34	0.35	0.30	0.31
EPS Growth	-18.34%	-2.03%	16.28%	-4.14%	2.58%
Free Cash Flow	77.47	66.78	47.5	-49.78	37.9
Free Cash Flow Per Share	0.29	0.25	0.18	-0.19	0.14
Dividend Per Share	-	0.250	0.255	0.235	0.235
Dividend Growth	-	-2.00%	8.32%	-	-
Gross Margin	28.51%	32.53%	33.47%	32.26%	36.08%
Operating Margin	11.51%	12.70%	10.19%	9.31%	15.77%
Profit Margin	8.94%	12.08%	12.42%	12.16%	15.36%
Free Cash Flow Margin	9.41%	8.92%	6.42%	-7.75%	6.91%
EBITDA	127.66	125.17	106.1	86.77	109.83
EBITDA Margin	15.50%	16.72%	14.35%	13.51%	20.03%
D&A For EBITDA	32.87	30.08	30.74	27.02	23.33
EBIT	94.79	95.09	75.36	59.75	86.51
EBIT Margin	11.51%	12.70%	10.19%	9.31%	15.77%
Effective Tax Rate	5.78%	9.88%	11.55%	14.22%	10.10%
Revenue as Reported	-	748.48	739.44	642.02	548.4
Advertising Expenses	-	0.09	0.42	-	0.01

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.