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 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	3,553	3,539	3,536	3,569	3,703	4,500
Other Revenue	17.32	17.32	19.72	13.34	12.14	22.22
Revenue	3,570	3,556	3,555	3,582	3,715	4,522
Revenue Growth (YoY)	-2.42%	0.01%	-0.75%	-3.57%	-17.84%	23.81%
Cost of Revenue	2,382	2,378	2,390	2,325	2,441	2,927
Gross Profit	1,188	1,178	1,165	1,257	1,274	1,595
Selling, General & Admin	658.69	655.13	661	679.38	626.77	592.79
Research & Development	187.39	185.11	183.57	216.71	205.74	219.59
Other Operating Expenses	10.49	9.32	0.01	12.64	-14.74	35.56
Operating Expenses	907.38	900.38	936.4	973.92	839.96	899.12
Operating Income	280.75	277.23	228.94	283.57	434.18	695.83
Interest Expense	-66.4	-66.4	-59.21	-55.15	-60.46	-59.7
Interest & Investment Income	19.03	18.04	19.18	14.78	18.01	20.1
Currency Exchange Gain (Loss)	-2.47	-2.47	2.75	-0.14	3.69	-0.33
Other Non Operating Income (Expenses)	-9.9	-2.22	-2.68	-6.43	-1.98	-4.69
EBT Excluding Unusual Items	221.01	224.18	188.98	236.63	393.45	651.2
Impairment of Goodwill	-22.92	-22.92	-8.38	-0.92	-	-
Gain (Loss) on Sale of Investments	14.68	10.01	5.22	0.21	-	-
Gain (Loss) on Sale of Assets	-3.27	-2.65	-4.31	-3.56	-8.11	-0.86
Asset Writedown	-20.06	-20.11	-10.66	-5.59	-	-
Other Unusual Items	18.26	18.26	22.91	27.45	10.11	34.82
Pretax Income	207.71	206.78	193.75	254.22	395.45	685.16
Income Tax Expense	25.03	27.21	19.88	20.8	36.99	86.22
Earnings From Continuing Operations	182.67	179.57	173.86	233.42	358.46	598.94
Minority Interest in Earnings	-55.82	-58.58	-77.98	-72.97	-70.28	-66.12
Net Income	126.85	120.99	95.88	160.45	288.18	532.82
Net Income to Common	126.85	120.99	95.88	160.45	288.18	532.82
Net Income Growth	27.98%	26.19%	-40.24%	-44.32%	-45.91%	20.88%
Shares Outstanding (Basic)	424	417	417	422	418	420
Shares Outstanding (Diluted)	439	432	436	422	443	420
Shares Change (YoY)	1.58%	-0.85%	3.22%	-4.76%	5.67%	10.41%
EPS (Basic)	0.30	0.29	0.23	0.38	0.69	1.27
EPS (Diluted)	0.29	0.28	0.22	0.38	0.65	1.27
EPS Growth	25.99%	27.27%	-42.10%	-41.54%	-48.82%	9.48%
Free Cash Flow	272.55	163.87	334.19	31.62	-78.11	38.91
Free Cash Flow Per Share	0.62	0.38	0.77	0.07	-0.18	0.09
Dividend Per Share	0.120	0.120	0.100	0.150	0.300	0.360
Dividend Growth	20.00%	20.00%	-33.33%	-50.00%	-16.67%	20.00%
Gross Margin	33.28%	33.12%	32.78%	35.10%	34.30%	35.27%
Operating Margin	7.86%	7.80%	6.44%	7.92%	11.69%	15.39%
Profit Margin	3.55%	3.40%	2.70%	4.48%	7.76%	11.78%
Free Cash Flow Margin	7.63%	4.61%	9.40%	0.88%	-2.10%	0.86%
EBITDA	481.51	476.99	424.72	475.58	604.3	846.57
EBITDA Margin	13.49%	13.41%	11.95%	13.28%	16.27%	18.72%
D&A For EBITDA	200.76	199.76	195.78	192.01	170.11	150.74
EBIT	280.75	277.23	228.94	283.57	434.18	695.83
EBIT Margin	7.86%	7.80%	6.44%	7.92%	11.69%	15.39%
Effective Tax Rate	12.05%	13.16%	10.26%	8.18%	9.35%	12.58%
Revenue as Reported	3,556	3,556	3,555	3,582	3,715	4,522
Advertising Expenses	-	6.73	9.43	9.17	13.02	12.45

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