KEBODA TECHNOLOGY 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	2015 - 2019
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	2015 - 2019
Operating Revenue	6,467	5,760	4,489	3,276	2,740	2,870	Upgrade
Other Revenue	207.42	207.42	135.72	107.67	66.79	44.14	Upgrade
Revenue	6,674	5,968	4,625	3,384	2,807	2,914	Upgrade
Revenue Growth (YoY)	16.64%	29.03%	36.68%	20.57%	-3.68%	-0.29%	Upgrade
Cost of Revenue	4,961	4,287	3,304	2,304	1,870	1,873	Upgrade
Gross Profit	1,714	1,681	1,322	1,080	936.4	1,041	Upgrade
Selling, General & Admin	319.3	364.8	310.68	248.76	223	225.96	Upgrade
Research & Development	488.09	455.87	443.68	374.41	304.02	240.48	Upgrade
Other Operating Expenses	37.78	-9.69	10.59	7.08	9.13	12.86	Upgrade
Operating Expenses	891.89	868.4	788.52	652.28	536.61	485.3	Upgrade
Operating Income	821.98	812.83	533.06	428.04	399.79	555.62	Upgrade
Interest Expense	-22.36	-22.53	-14.03	-4.4	-2.1	-0.55	Upgrade
Interest & Investment Income	94.33	98.31	139.13	114.78	54.58	55.99	Upgrade
Currency Exchange Gain (Loss)	-27.33	-27.33	11.28	23.04	-13.17	12.34	Upgrade
Other Non Operating Income (Expenses)	54.08	-1.76	-1.02	0.79	-0.11	0.28	Upgrade
EBT Excluding Unusual Items	920.7	859.52	668.42	562.26	439	623.7	Upgrade
Gain (Loss) on Sale of Investments	6.05	3.55	2.2	-3.65	3.58	2.63	Upgrade
Gain (Loss) on Sale of Assets	0.38	-0.27	-1.66	-0.39	-1.32	-1.7	Upgrade
Asset Writedown	14.52	-	-	-	-	-	Upgrade
Other Unusual Items	49.33	43	25.61	8.11	21.95	28.31	Upgrade
Pretax Income	990.99	905.79	694.57	566.33	463.21	652.93	Upgrade
Income Tax Expense	102.36	94.98	44.1	64.72	35.63	78.96	Upgrade
Earnings From Continuing Operations	888.63	810.81	650.47	501.61	427.58	573.97	Upgrade
Minority Interest in Earnings	-35.97	-38.54	-41.47	-51.36	-38.68	-59.29	Upgrade
Net Income	852.66	772.27	609	450.25	388.9	514.68	Upgrade
Net Income to Common	852.66	772.27	609	450.25	388.9	514.68	Upgrade
Net Income Growth	18.48%	26.81%	35.26%	15.78%	-24.44%	8.38%	Upgrade
Shares Outstanding (Basic)	402	401	401	402	400	400	Upgrade
Shares Outstanding (Diluted)	404	406	406	403	400	400	Upgrade
Shares Change (YoY)	-0.25%	-0.08%	0.61%	0.84%	0.00%	9.11%	Upgrade
EPS (Basic)	2.12	1.93	1.52	1.12	0.97	1.29	Upgrade
EPS (Diluted)	2.11	1.90	1.50	1.12	0.97	1.29	Upgrade
EPS Growth	18.78%	26.91%	34.44%	14.82%	-24.44%	-0.66%	Upgrade
Free Cash Flow	672.62	449.11	42.18	-224.72	248.9	418.91	Upgrade
Free Cash Flow Per Share	1.66	1.11	0.10	-0.56	0.62	1.05	Upgrade
Dividend Per Share	0.650	0.650	0.600	0.500	0.500	0.500	Upgrade
Dividend Growth	8.33%	8.33%	20.00%	-	-	38.89%	Upgrade
Gross Margin	25.68%	28.17%	28.57%	31.92%	33.37%	35.73%	Upgrade
Operating Margin	12.31%	13.62%	11.53%	12.65%	14.24%	19.07%	Upgrade
Profit Margin	12.78%	12.94%	13.17%	13.30%	13.86%	17.66%	Upgrade
Free Cash Flow Margin	10.08%	7.52%	0.91%	-6.64%	8.87%	14.38%	Upgrade
EBITDA	978.54	962.11	672.64	543.89	502.3	657.24	Upgrade
EBITDA Margin	14.66%	16.12%	14.54%	16.07%	17.90%	22.56%	Upgrade
D&A For EBITDA	156.56	149.28	139.58	115.85	102.52	101.62	Upgrade
EBIT	821.98	812.83	533.06	428.04	399.79	555.62	Upgrade
EBIT Margin	12.31%	13.62%	11.53%	12.65%	14.24%	19.07%	Upgrade
Effective Tax Rate	10.33%	10.49%	6.35%	11.43%	7.69%	12.09%	Upgrade
Revenue as Reported	6,674	5,968	4,625	3,384	2,807	2,914	Upgrade

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