Daming Electronics 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
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
Operating Revenue	3,046	3,095	2,719	2,138	1,684
Other Revenue	11.05	11.05	8.16	9.05	28.96
Revenue	3,057	3,106	2,727	2,147	1,713
Revenue Growth (YoY)	78.39%	13.92%	26.99%	25.32%	-
Cost of Revenue	2,605	2,604	2,175	1,723	1,374
Gross Profit	451.08	502.96	552.18	424.44	339.6
Selling, General & Admin	98.58	98.18	80.91	68.99	62.62
Research & Development	126.14	123.36	119.14	113.88	98.8
Other Operating Expenses	-3.92	-12.03	-0.92	4.71	5.73
Operating Expenses	217.41	208.01	214.73	195.7	174.93
Operating Income	233.67	294.95	337.45	228.74	164.67
Interest Expense	-12.96	-16.78	-23.08	-24.12	-18.62
Interest & Investment Income	0.31	0.31	0.27	0.24	0.19
Currency Exchange Gain (Loss)	0.03	0.03	0.01	-0	-0
Other Non Operating Income (Expenses)	0.25	-0.95	-0.11	5.6	2.56
EBT Excluding Unusual Items	221.3	277.56	314.54	210.45	148.8
Gain (Loss) on Sale of Investments	-6.63	-4.69	0.51	-0.04	-0.29
Gain (Loss) on Sale of Assets	-0.32	-0.29	-0.34	0.62	0.06
Asset Writedown	6.53	-1.53	-0.56	-0.68	-0.76
Other Unusual Items	9.37	9.58	3.81	14.45	10.84
Pretax Income	230.26	280.64	317.97	224.8	158.65
Income Tax Expense	29.56	32.78	35.87	19.34	7.99
Net Income	200.7	247.86	282.1	205.47	150.66
Net Income to Common	200.7	247.86	282.1	205.47	150.66
Net Income Growth	33.22%	-12.14%	37.29%	36.38%	-
Shares Outstanding (Basic)	388	364	362	360	342
Shares Outstanding (Diluted)	388	364	362	360	342
Shares Change (YoY)	13.32%	0.78%	0.33%	5.27%	-
EPS (Basic)	0.52	0.68	0.78	0.57	0.44
EPS (Diluted)	0.52	0.68	0.78	0.57	0.44
EPS Growth	17.56%	-12.82%	36.84%	29.54%	-
Free Cash Flow	-11.89	-15.85	-215.92	-41.91	-140.59
Free Cash Flow Per Share	-0.03	-0.04	-0.60	-0.12	-0.41
Dividend Per Share	0.015	0.015	-	-	-
Gross Margin	14.76%	16.19%	20.25%	19.77%	19.82%
Operating Margin	7.65%	9.50%	12.38%	10.65%	9.61%
Profit Margin	6.57%	7.98%	10.35%	9.57%	8.79%
Free Cash Flow Margin	-0.39%	-0.51%	-7.92%	-1.95%	-8.21%
EBITDA	374.03	429.03	446.42	318.39	231.79
EBITDA Margin	12.24%	13.81%	16.37%	14.83%	13.53%
D&A For EBITDA	140.36	134.08	108.97	89.65	67.12
EBIT	233.67	294.95	337.45	228.74	164.67
EBIT Margin	7.65%	9.50%	12.38%	10.65%	9.61%
Effective Tax Rate	12.84%	11.68%	11.28%	8.60%	5.04%
Revenue as Reported	3,057	3,106	2,727	2,147	1,713
Advertising Expenses	-	0.38	0.14	0.03	0.69

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