Sobute New Materials 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
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
Operating Revenue	3,637	3,536	3,569	3,703	4,500	3,620
Other Revenue	19.72	19.72	13.34	12.14	22.22	32.64
Revenue	3,657	3,555	3,582	3,715	4,522	3,652
Revenue Growth (YoY)	5.03%	-0.75%	-3.57%	-17.84%	23.81%	10.45%
Cost of Revenue	2,452	2,390	2,325	2,441	2,927	2,255
Gross Profit	1,205	1,165	1,257	1,274	1,595	1,397
Selling, General & Admin	677.46	661	679.38	626.77	592.79	532.32
Research & Development	197.55	183.57	216.71	205.74	219.59	175.91
Other Operating Expenses	13.17	0.01	12.64	-14.74	35.56	27.29
Operating Expenses	971.1	936.4	973.92	839.96	899.12	772.43
Operating Income	233.94	228.94	283.57	434.18	695.83	625.04
Interest Expense	-62.15	-59.21	-55.15	-60.46	-59.7	-52.73
Interest & Investment Income	26.75	19.18	14.78	18.01	20.1	9.93
Currency Exchange Gain (Loss)	2.75	2.75	-0.14	3.69	-0.33	0.73
Other Non Operating Income (Expenses)	-2.75	-2.68	-6.43	-1.98	-4.69	-4
EBT Excluding Unusual Items	198.54	188.98	236.63	393.45	651.2	578.97
Impairment of Goodwill	-8.38	-8.38	-0.92	-	-	-
Gain (Loss) on Sale of Investments	10.67	5.22	0.21	-	-	-
Gain (Loss) on Sale of Assets	-4.03	-4.31	-3.56	-8.11	-0.86	-0.66
Asset Writedown	-19	-10.66	-5.59	-	-	-
Other Unusual Items	22.91	22.91	27.45	10.11	34.82	10.15
Pretax Income	200.7	193.75	254.22	395.45	685.16	588.46
Income Tax Expense	26.31	19.88	20.8	36.99	86.22	95
Earnings From Continuing Operations	174.39	173.86	233.42	358.46	598.94	493.46
Minority Interest in Earnings	-63	-77.98	-72.97	-70.28	-66.12	-52.69
Net Income	111.39	95.88	160.45	288.18	532.82	440.77
Net Income to Common	111.39	95.88	160.45	288.18	532.82	440.77
Net Income Growth	14.14%	-40.24%	-44.32%	-45.91%	20.88%	24.40%
Shares Outstanding (Basic)	410	417	422	418	420	380
Shares Outstanding (Diluted)	429	436	422	443	420	380
Shares Change (YoY)	-1.95%	3.22%	-4.76%	5.67%	10.41%	1.88%
EPS (Basic)	0.27	0.23	0.38	0.69	1.27	1.16
EPS (Diluted)	0.26	0.22	0.38	0.65	1.27	1.16
EPS Growth	16.42%	-42.10%	-41.54%	-48.82%	9.48%	22.11%
Free Cash Flow	341.93	334.19	31.62	-78.11	38.91	-14.46
Free Cash Flow Per Share	0.80	0.77	0.07	-0.18	0.09	-0.04
Dividend Per Share	0.100	0.100	0.150	0.300	0.360	0.300
Dividend Growth	-33.33%	-33.33%	-50.00%	-16.67%	20.00%	20.00%
Gross Margin	32.95%	32.78%	35.10%	34.30%	35.27%	38.26%
Operating Margin	6.40%	6.44%	7.92%	11.69%	15.39%	17.11%
Profit Margin	3.05%	2.70%	4.48%	7.76%	11.78%	12.07%
Free Cash Flow Margin	9.35%	9.40%	0.88%	-2.10%	0.86%	-0.40%
EBITDA	428.38	422.34	475.58	604.3	846.57	741.56
EBITDA Margin	11.71%	11.88%	13.28%	16.27%	18.72%	20.30%
D&A For EBITDA	194.44	193.4	192.01	170.11	150.74	116.52
EBIT	233.94	228.94	283.57	434.18	695.83	625.04
EBIT Margin	6.40%	6.44%	7.92%	11.69%	15.39%	17.11%
Effective Tax Rate	13.11%	10.26%	8.18%	9.35%	12.58%	16.14%
Revenue as Reported	3,657	3,555	3,582	3,715	4,522	3,652
Advertising Expenses	-	9.43	9.17	13.02	12.45	10.76

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.