Qijing Machinery Co., Ltd. (SHA:603677)

Qijing Machinery Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,024	1,951	1,739	1,767	1,985	1,545
Other Revenue	52.83	52.83	33.12	36.99	20.25	14.41
Revenue	2,077	2,004	1,772	1,804	2,005	1,559
Revenue Growth (YoY)	6.22%	13.11%	-1.78%	-10.03%	28.59%	-6.42%
Cost of Revenue	1,813	1,765	1,519	1,576	1,732	1,351
Gross Profit	263.36	239.39	253.4	227.79	273.24	208.45
Selling, General & Admin	111.67	101.46	97.7	88.88	87.14	64.58
Research & Development	78.69	68.15	60.94	67.44	68.83	49.57
Other Operating Expenses	-0.92	0.62	3.63	9.93	8.68	8.66
Operating Expenses	193	172.52	169.25	168.26	165.32	121.27
Operating Income	70.35	66.87	84.15	59.53	107.92	87.18
Interest Expense	-15.6	-26.08	-22.29	-21.66	-19.9	-19.66
Interest & Investment Income	11.69	15.55	8.49	4	3.88	3.86
Currency Exchange Gain (Loss)	12.6	12.6	0.6	24.14	-2.87	-18.38
Other Non Operating Income (Expenses)	-3.84	-0.19	-0.47	-0.43	-0.19	-0.47
EBT Excluding Unusual Items	75.21	68.74	70.48	65.59	88.84	52.54
Gain (Loss) on Sale of Investments	-1	-	-3.4	-11.57	2.73	-
Gain (Loss) on Sale of Assets	0.36	-0.01	0.27	-0.59	0.7	0.2
Asset Writedown	-3.98	-	-	-	-	-
Other Unusual Items	1.4	1.4	6.31	12.68	3.96	8.76
Pretax Income	72	70.14	73.66	66.1	96.24	61.5
Income Tax Expense	3.81	2.69	4.5	2.09	7.33	5.29
Net Income	68.4	67.45	69.15	64.01	88.91	56.21
Net Income to Common	68.4	67.45	69.15	64.01	88.91	56.21
Net Income Growth	18.30%	-2.47%	8.03%	-28.00%	58.18%	-26.35%
Shares Outstanding (Basic)	192	192	192	192	192	194
Shares Outstanding (Diluted)	192	192	192	192	192	194
Shares Change (YoY)	0.18%	0.00%	0.01%	-0.01%	-0.86%	1.58%
EPS (Basic)	0.36	0.35	0.36	0.33	0.46	0.29
EPS (Diluted)	0.36	0.35	0.36	0.33	0.46	0.29
EPS Growth	18.09%	-2.47%	8.01%	-27.99%	59.55%	-27.50%
Free Cash Flow	-66.29	-30.65	109.18	90.87	-53.4	226.17
Free Cash Flow Per Share	-0.34	-0.16	0.57	0.47	-0.28	1.17
Dividend Per Share	0.250	0.250	0.200	0.150	0.300	0.300
Dividend Growth	25.00%	25.00%	33.33%	-50.00%	-	7.14%
Gross Margin	12.68%	11.94%	14.30%	12.63%	13.63%	13.37%
Operating Margin	3.39%	3.34%	4.75%	3.30%	5.38%	5.59%
Profit Margin	3.29%	3.36%	3.90%	3.55%	4.43%	3.60%
Free Cash Flow Margin	-3.19%	-1.53%	6.16%	5.04%	-2.66%	14.50%
EBITDA	156.56	151.2	165.99	137.92	180.38	151.82
EBITDA Margin	7.54%	7.54%	9.37%	7.64%	9.00%	9.74%
D&A For EBITDA	86.2	84.33	81.84	78.39	72.46	64.64
EBIT	70.35	66.87	84.15	59.53	107.92	87.18
EBIT Margin	3.39%	3.34%	4.75%	3.30%	5.38%	5.59%
Effective Tax Rate	5.29%	3.84%	6.11%	3.16%	7.62%	8.61%
Revenue as Reported	2,077	2,004	1,772	1,804	2,005	1,559

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