Jiangsu Guomao Reducer 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	Jun '26 Jun 30, 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	2,784	2,615	2,557	2,631	2,667	2,913
Other Revenue	32.6	31.05	31.94	29.6	29.37	31.54
Revenue	2,817	2,646	2,589	2,660	2,697	2,944
Revenue Growth	7.89%	2.18%	-2.67%	-1.35%	-8.41%	34.81%
Cost of Revenue	2,247	2,116	2,065	1,990	2,000	2,150
Gross Profit	570.26	530.3	524.61	670.57	697.08	793.86
Selling, General & Admin	161.22	151.17	138.92	143.78	173.6	200.87
Research & Development	131.33	123.6	117.5	127.01	119.73	112.53
Other Operating Expenses	13.26	17.22	8.56	12.05	24.13	15.07
Operating Expenses	319.75	303.81	268.41	285.75	315.38	340.83
Operating Income	250.51	226.49	256.2	384.82	381.7	453.03
Interest Expense	-0.13	-0.49	-3.31	-1.61	-0.86	-0.16
Interest & Investment Income	49.73	49.25	56.1	53.6	61.93	60.33
Currency Exchange Gain (Loss)	-0.39	-0.16	0.13	-0.01	-0.04	-0.13
Other Non Operating Income (Expenses)	-0.52	-0.62	0.55	-1.24	-0.84	-0.72
EBT Excluding Unusual Items	299.21	274.47	309.66	435.55	441.88	512.35
Impairment of Goodwill	-23.39	-23.39	-20.91	-4.49	-1.6	-2.42
Gain (Loss) on Sale of Investments	16.74	6.65	45.26	-	-	-
Gain (Loss) on Sale of Assets	0.12	0.07	-0.03	-1.57	0.01	-1.12
Asset Writedown	-	-	-2.94	-0.35	-	0.1
Other Unusual Items	19.41	14.38	11.47	15.18	14.78	13.55
Pretax Income	312.08	272.18	342.51	444.34	455.07	522.47
Income Tax Expense	36.32	30.6	45.36	51.06	43.21	62.08
Earnings From Continuing Operations	275.75	241.58	297.15	393.27	411.86	460.39
Minority Interest in Earnings	-9.32	-6.54	-3.63	2.23	2.03	1.65
Net Income	266.43	235.03	293.52	395.5	413.9	462.04
Net Income to Common	266.43	235.03	293.52	395.5	413.9	462.04
Net Income Growth	4.87%	-19.93%	-25.79%	-4.44%	-10.42%	28.66%
Shares Outstanding (Basic)	648	653	652	659	657	651
Shares Outstanding (Diluted)	648	653	652	659	657	651
Shares Change	-0.84%	0.09%	-1.05%	0.33%	0.96%	-0.34%
EPS (Basic)	0.41	0.36	0.45	0.60	0.63	0.71
EPS (Diluted)	0.41	0.36	0.45	0.60	0.63	0.71
EPS Growth	5.76%	-20.00%	-25.00%	-4.76%	-11.27%	29.09%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	367.4	214.65	527.07	447.65	123.48	62.37
Free Cash Flow Per Share	0.57	0.33	0.81	0.68	0.19	0.10
Dividend Per Share	0.340	0.340	0.240	0.200	0.200	0.214
Dividend Growth	41.67%	41.67%	20.00%	0%	-6.67%	19.99%
Gross Margin	20.24%	20.04%	20.26%	25.21%	25.85%	26.96%
Operating Margin	8.89%	8.56%	9.89%	14.46%	14.15%	15.39%
Profit Margin	9.46%	8.88%	11.34%	14.87%	15.35%	15.69%
Free Cash Flow Margin	13.04%	8.11%	20.36%	16.83%	4.58%	2.12%
EBITDA	392.2	370.95	410.87	526.7	509.27	555.15
EBITDA Margin	13.92%	14.02%	15.87%	19.80%	18.88%	18.86%
D&A For EBITDA	141.69	144.46	154.67	141.89	127.57	102.12
EBIT	250.51	226.49	256.2	384.82	381.7	453.03
EBIT Margin	8.89%	8.56%	9.89%	14.46%	14.15%	15.39%
Effective Tax Rate	11.64%	11.24%	13.24%	11.49%	9.50%	11.88%
Revenue as Reported	2,817	2,646	2,589	2,660	2,697	2,944