Qijing Machinery 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	2,013	1,951	1,739	1,767	1,985
Other Revenue	54.31	52.83	33.12	36.99	20.25
Revenue	2,068	2,004	1,772	1,804	2,005
Revenue Growth (YoY)	3.16%	13.11%	-1.78%	-10.03%	28.59%
Cost of Revenue	1,820	1,765	1,519	1,576	1,732
Gross Profit	247.27	239.39	253.4	227.79	273.24
Selling, General & Admin	111.14	101.46	97.7	88.88	87.14
Research & Development	72.09	68.15	60.94	67.44	68.83
Other Operating Expenses	1.2	0.62	3.63	9.93	8.68
Operating Expenses	193.7	172.52	169.25	168.26	165.32
Operating Income	53.57	66.87	84.15	59.53	107.92
Interest Expense	-11.98	-26.08	-22.29	-21.66	-19.9
Interest & Investment Income	8.55	15.55	8.49	4	3.88
Currency Exchange Gain (Loss)	-2.73	12.6	0.6	24.14	-2.87
Other Non Operating Income (Expenses)	-0.65	-0.19	-0.47	-0.43	-0.19
EBT Excluding Unusual Items	46.75	68.74	70.48	65.59	88.84
Gain (Loss) on Sale of Investments	-	-	-3.4	-11.57	2.73
Gain (Loss) on Sale of Assets	0.11	-0.01	0.27	-0.59	0.7
Other Unusual Items	4.61	1.4	6.31	12.68	3.96
Pretax Income	51.47	70.14	73.66	66.1	96.24
Income Tax Expense	3.95	2.69	4.5	2.09	7.33
Earnings From Continuing Operations	47.52	67.45	69.15	64.01	88.91
Minority Interest in Earnings	0.71	-	-	-	-
Net Income	48.23	67.45	69.15	64.01	88.91
Net Income to Common	48.23	67.45	69.15	64.01	88.91
Net Income Growth	-28.49%	-2.47%	8.03%	-28.00%	58.18%
Shares Outstanding (Basic)	193	192	192	192	192
Shares Outstanding (Diluted)	193	192	192	192	192
Shares Change (YoY)	0.24%	0.00%	0.01%	-0.01%	-0.86%
EPS (Basic)	0.25	0.35	0.36	0.33	0.46
EPS (Diluted)	0.25	0.35	0.36	0.33	0.46
EPS Growth	-28.66%	-2.47%	8.01%	-27.99%	59.55%
Free Cash Flow	-100.62	-30.65	109.18	90.87	-53.4
Free Cash Flow Per Share	-0.52	-0.16	0.57	0.47	-0.28
Dividend Per Share	0.200	0.250	0.200	0.150	0.300
Dividend Growth	-20.00%	25.00%	33.33%	-50.00%	-
Gross Margin	11.96%	11.94%	14.30%	12.63%	13.63%
Operating Margin	2.59%	3.34%	4.75%	3.30%	5.38%
Profit Margin	2.33%	3.36%	3.90%	3.55%	4.43%
Free Cash Flow Margin	-4.87%	-1.53%	6.16%	5.04%	-2.66%
EBITDA	143.5	151.87	165.99	137.92	180.38
EBITDA Margin	6.94%	7.58%	9.37%	7.64%	9.00%
D&A For EBITDA	89.93	85	81.84	78.39	72.46
EBIT	53.57	66.87	84.15	59.53	107.92
EBIT Margin	2.59%	3.34%	4.75%	3.30%	5.38%
Effective Tax Rate	7.68%	3.84%	6.11%	3.16%	7.62%
Revenue as Reported	2,068	2,004	1,772	1,804	2,005

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