Shanghai Carthane 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	Mar '26 Mar 31, 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	826.93	822.01	742.73	732.63	632.38	547.34
Other Revenue	1.51	1.51	5.76	6.81	9.64	1.06
Revenue	828.44	823.52	748.48	739.44	642.02	548.4
Revenue Growth (YoY)	6.97%	10.03%	1.22%	15.17%	17.07%	10.92%
Cost of Revenue	598.29	590.3	505.03	491.96	434.92	350.52
Gross Profit	230.15	233.22	243.45	247.49	207.1	197.89
Selling, General & Admin	87.6	88.46	95.36	102.09	82.37	58.95
Research & Development	54.79	58.41	50.31	65.17	58.08	47.34
Other Operating Expenses	5.78	4.73	0.97	1.02	6.9	3.45
Operating Expenses	149.17	152.71	148.36	172.13	147.35	111.38
Operating Income	80.98	80.51	95.09	75.36	59.75	86.51
Interest Expense	-7.29	-5	-1.33	-0.8	-1.1	-0.43
Interest & Investment Income	2.84	2.56	3.56	13.97	2.45	6.32
Currency Exchange Gain (Loss)	-1.52	-1.52	-0.27	0.48	4.42	-2.19
Other Non Operating Income (Expenses)	-3.15	-0.19	-0.18	-0.11	-0.06	-0.29
EBT Excluding Unusual Items	71.85	76.36	96.87	88.9	65.46	89.91
Gain (Loss) on Sale of Investments	-10.96	-11.37	-12.66	-0	-0.02	-
Gain (Loss) on Sale of Assets	-0.29	-0.48	-0.21	-0.01	0.16	-0.2
Asset Writedown	-	-	-	-0.5	-	-
Legal Settlements	-	-	-	-	-0.28	-0.4
Other Unusual Items	12.28	12.28	14.22	9.9	17.28	5.71
Pretax Income	72.88	76.79	98.23	98.29	82.61	95.03
Income Tax Expense	3.82	4.44	9.7	11.35	11.74	9.6
Earnings From Continuing Operations	69.05	72.35	88.53	86.94	70.86	85.43
Minority Interest in Earnings	1.53	1.24	1.86	4.89	7.18	-1.21
Net Income	70.59	73.58	90.39	91.83	78.05	84.22
Net Income to Common	70.59	73.58	90.39	91.83	78.05	84.22
Net Income Growth	-22.33%	-18.59%	-1.56%	17.66%	-7.33%	1.81%
Shares Outstanding (Basic)	260	263	266	262	259	268
Shares Outstanding (Diluted)	260	263	266	262	259	268
Shares Change (YoY)	0.52%	-1.15%	1.33%	1.18%	-3.33%	-0.75%
EPS (Basic)	0.27	0.28	0.34	0.35	0.30	0.31
EPS (Diluted)	0.27	0.28	0.34	0.35	0.30	0.31
EPS Growth	-22.74%	-17.65%	-2.86%	16.28%	-4.14%	2.58%
Free Cash Flow	20.58	77.47	66.78	47.5	-49.78	37.9
Free Cash Flow Per Share	0.08	0.29	0.25	0.18	-0.19	0.14
Dividend Per Share	0.200	0.200	0.350	0.255	0.235	0.235
Dividend Growth	-42.86%	-42.86%	37.20%	8.32%	-	-
Gross Margin	27.78%	28.32%	32.53%	33.47%	32.26%	36.08%
Operating Margin	9.78%	9.78%	12.70%	10.19%	9.31%	15.77%
Profit Margin	8.52%	8.94%	12.08%	12.42%	12.16%	15.36%
Free Cash Flow Margin	2.48%	9.41%	8.92%	6.42%	-7.75%	6.91%
EBITDA	112.29	111.83	126.41	106.1	86.77	109.83
EBITDA Margin	13.55%	13.58%	16.89%	14.35%	13.51%	20.03%
D&A For EBITDA	31.32	31.32	31.32	30.74	27.02	23.33
EBIT	80.98	80.51	95.09	75.36	59.75	86.51
EBIT Margin	9.78%	9.78%	12.70%	10.19%	9.31%	15.77%
Effective Tax Rate	5.25%	5.78%	9.88%	11.55%	14.22%	10.10%
Revenue as Reported	828.44	823.52	748.48	739.44	642.02	548.4
Advertising Expenses	-	0.08	0.09	0.42	-	0.01

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