Jiangsu Pacific Quartz 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	965.71	963.1	1,187	7,144	1,991	943.66
Other Revenue	44.95	44.95	22.95	40.2	12.89	17.03
Revenue	1,011	1,008	1,210	7,184	2,004	960.68
Revenue Growth (YoY)	-5.60%	-16.71%	-83.15%	258.46%	108.62%	48.81%
Cost of Revenue	683.29	680.24	676.72	909.82	644.4	534.81
Gross Profit	327.37	327.8	533.56	6,274	1,360	425.88
Selling, General & Admin	110.05	112.06	117	117.84	97.78	96.87
Research & Development	109.98	106.83	123.46	183.27	75.17	39.43
Other Operating Expenses	16.74	11.92	6.26	72.93	21.2	6.2
Operating Expenses	235.61	229.66	227.27	396.88	196.94	145.76
Operating Income	91.76	98.14	306.29	5,878	1,163	280.11
Interest Expense	-0.01	-0.01	-0.29	-0.02	-0.18	-0.12
Interest & Investment Income	3.34	3.99	51.15	51.53	7.19	17.86
Currency Exchange Gain (Loss)	-4.27	-4.27	-0.15	-2.35	8.92	-2.37
Other Non Operating Income (Expenses)	-11.09	0.11	-0.39	-2.71	-1.96	-0.06
EBT Excluding Unusual Items	79.73	97.96	356.62	5,924	1,177	295.42
Impairment of Goodwill	-19.59	-19.59	-18.64	-	-	-1.78
Gain (Loss) on Sale of Investments	55.27	57.06	28.73	30.14	59	1.83
Gain (Loss) on Sale of Assets	-0.04	-0.04	-0.01	-4.99	-1.76	27.36
Asset Writedown	-0.72	-2.07	-4.16	-4.43	-0.66	-3.94
Other Unusual Items	32.24	32.24	17.7	-23.44	-2.37	-0.34
Pretax Income	146.98	165.65	380.24	5,921	1,231	319.08
Income Tax Expense	16.1	18.75	49.42	869.77	172.64	38.1
Earnings From Continuing Operations	130.89	146.91	330.82	5,052	1,058	280.98
Minority Interest in Earnings	6.47	6.43	2.75	-12.37	-6.18	-
Net Income	137.35	153.33	333.57	5,039	1,052	280.98
Net Income to Common	137.35	153.33	333.57	5,039	1,052	280.98
Net Income Growth	-39.72%	-54.03%	-93.38%	378.92%	274.48%	49.37%
Shares Outstanding (Basic)	547	548	538	542	537	527
Shares Outstanding (Diluted)	547	548	538	542	537	533
Shares Change (YoY)	2.29%	1.78%	-0.71%	0.93%	0.63%	2.09%
EPS (Basic)	0.25	0.28	0.62	9.30	1.96	0.53
EPS (Diluted)	0.25	0.28	0.62	9.30	1.96	0.53
EPS Growth	-41.07%	-54.84%	-93.33%	374.49%	272.13%	46.31%
Free Cash Flow	-189.88	-182.48	714.86	3,605	342.39	-43.74
Free Cash Flow Per Share	-0.35	-0.33	1.33	6.65	0.64	-0.08
Dividend Per Share	0.086	0.086	0.190	4.667	0.583	0.159
Dividend Growth	-54.74%	-54.74%	-95.93%	700.05%	266.16%	40.60%
Gross Margin	32.39%	32.52%	44.09%	87.34%	67.85%	44.33%
Operating Margin	9.08%	9.74%	25.31%	81.81%	58.02%	29.16%
Profit Margin	13.59%	15.21%	27.56%	70.14%	52.50%	29.25%
Free Cash Flow Margin	-18.79%	-18.10%	59.07%	50.17%	17.08%	-4.55%
EBITDA	270.09	269.55	450.01	5,983	1,236	346.94
EBITDA Margin	26.72%	26.74%	37.18%	83.28%	61.68%	36.11%
D&A For EBITDA	178.33	171.41	143.71	105.31	73.41	66.83
EBIT	91.76	98.14	306.29	5,878	1,163	280.11
EBIT Margin	9.08%	9.74%	25.31%	81.81%	58.02%	29.16%
Effective Tax Rate	10.95%	11.32%	13.00%	14.69%	14.02%	11.94%
Revenue as Reported	1,008	1,008	1,210	7,184	2,004	960.68
Advertising Expenses	-	0.94	3.57	5.24	0.28	0.72

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