Zhejiang Meilun Elevator 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	718.43	795.69	943.52	1,007	1,055	720.64
Other Revenue	16.04	16.04	11.77	9.31	5.01	5.07
Revenue	734.47	811.73	955.29	1,016	1,060	725.71
Revenue Growth (YoY)	-10.03%	-15.03%	-6.00%	-4.09%	46.01%	-1.53%
Cost of Revenue	556.19	578.83	695.8	795.34	811.45	547.43
Gross Profit	178.28	232.9	259.5	220.9	248.16	178.29
Selling, General & Admin	121.04	151.3	165.6	154.44	149.97	119.78
Research & Development	27.49	33.68	39.57	41.2	39.73	30.1
Other Operating Expenses	15.93	-0.66	-0.55	0.68	5.37	6.75
Operating Expenses	162.69	186.06	210.84	201.37	213.74	161.66
Operating Income	15.59	46.84	48.66	19.53	34.42	16.63
Interest Expense	-0.28	-0.63	-2.05	-1.16	-0.02	-0.42
Interest & Investment Income	12.49	22.53	37.58	32.2	7.1	33.17
Currency Exchange Gain (Loss)	0.35	0.35	-0.24	-0.2	-0.06	0.08
Other Non Operating Income (Expenses)	-0.96	-1.93	0.89	1.41	-0.76	-0.78
EBT Excluding Unusual Items	27.2	67.17	84.83	51.78	40.68	48.68
Gain (Loss) on Sale of Investments	2.66	1.55	-	-	4.76	1.4
Gain (Loss) on Sale of Assets	-0.05	69.16	0.12	0.03	0.04	-0.37
Asset Writedown	-4	-0.01	0.01	-	-3.84	-0.06
Other Unusual Items	25.33	21.78	8.09	0.03	6.84	7.69
Pretax Income	51.14	159.65	93.05	51.84	48.48	57.34
Income Tax Expense	5.12	25.4	10.5	6.05	4.66	6.82
Earnings From Continuing Operations	46.02	134.25	82.54	45.79	43.82	50.52
Minority Interest in Earnings	0.73	0.19	-0.69	0.82	0.09	0.57
Net Income	46.75	134.45	81.85	46.61	43.91	51.09
Net Income to Common	46.75	134.45	81.85	46.61	43.91	51.09
Net Income Growth	-65.29%	64.26%	75.60%	6.15%	-14.05%	29.04%
Shares Outstanding (Basic)	305	299	303	307	314	301
Shares Outstanding (Diluted)	305	299	303	307	314	301
Shares Change (YoY)	-0.73%	-1.44%	-1.26%	-2.12%	4.37%	-2.11%
EPS (Basic)	0.15	0.45	0.27	0.15	0.14	0.17
EPS (Diluted)	0.15	0.45	0.27	0.15	0.14	0.17
EPS Growth	-65.03%	66.67%	80.00%	7.14%	-17.65%	31.83%
Free Cash Flow	-114.3	16.13	124.8	165.82	0.75	-14.15
Free Cash Flow Per Share	-0.38	0.05	0.41	0.54	0.00	-0.05
Dividend Per Share	0.200	0.200	0.150	0.100	0.150	0.050
Dividend Growth	33.33%	33.33%	50.00%	-33.33%	200.00%	-
Gross Margin	24.27%	28.69%	27.16%	21.74%	23.42%	24.57%
Operating Margin	2.12%	5.77%	5.09%	1.92%	3.25%	2.29%
Profit Margin	6.37%	16.56%	8.57%	4.59%	4.14%	7.04%
Free Cash Flow Margin	-15.56%	1.99%	13.06%	16.32%	0.07%	-1.95%
EBITDA	53.87	85.06	86.81	56.28	69.43	47.17
EBITDA Margin	7.33%	10.48%	9.09%	5.54%	6.55%	6.50%
D&A For EBITDA	38.28	38.22	38.15	36.75	35.01	30.54
EBIT	15.59	46.84	48.66	19.53	34.42	16.63
EBIT Margin	2.12%	5.77%	5.09%	1.92%	3.25%	2.29%
Effective Tax Rate	10.01%	15.91%	11.29%	11.67%	9.62%	11.90%
Revenue as Reported	734.47	811.73	955.29	1,016	1,060	725.71
Advertising Expenses	-	0.31	0.33	0.06	1.09	1.17

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