SEC Electric Machinery 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	653.73	654.45	657.33	755.77	857.27	817.86
Other Revenue	4.05	4.05	8.96	1.61	2.68	1.5
Revenue	657.78	658.5	666.29	757.38	859.94	819.36
Revenue Growth (YoY)	-2.41%	-1.17%	-12.03%	-11.93%	4.95%	-4.33%
Cost of Revenue	511.53	519.14	517.91	599.22	649.77	609.19
Gross Profit	146.25	139.36	148.38	158.16	210.17	210.17
Selling, General & Admin	83.09	78.41	79.68	97.3	114.08	119.36
Research & Development	22.7	23.11	24.94	27.12	34.43	26.82
Other Operating Expenses	4.43	2.69	3.67	4.02	5.02	4.14
Operating Expenses	130.88	124.87	128.67	128.73	151.59	139.03
Operating Income	15.37	14.49	19.71	29.43	58.58	71.14
Interest Expense	-1.66	-1.66	-	-2.8	-1.87	-2.44
Interest & Investment Income	20.88	20.4	0.75	3.69	6.52	0.78
Currency Exchange Gain (Loss)	1.61	1.61	0.22	1.57	1.64	-4.85
Other Non Operating Income (Expenses)	-1.15	-0.44	-0.55	-0.45	0.1	-0.91
EBT Excluding Unusual Items	35.05	34.39	20.14	31.44	64.97	63.73
Gain (Loss) on Sale of Investments	-0.89	0.19	-35.42	16.96	-14.32	-17.55
Gain (Loss) on Sale of Assets	-0.04	-0.04	0	0.19	1.06	0.18
Asset Writedown	1.98	-0.01	-	-	-	-
Other Unusual Items	0.42	0.42	1.76	0.83	7.23	0.85
Pretax Income	36.53	34.95	-13.52	49.42	58.93	47.21
Income Tax Expense	5.58	4.31	-3.19	6.21	7.34	7.28
Net Income	30.95	30.65	-10.33	43.21	51.59	39.94
Net Income to Common	30.95	30.65	-10.33	43.21	51.59	39.94
Net Income Growth	151.70%	-	-	-16.24%	29.17%	-76.67%
Shares Outstanding (Basic)	240	236	258	240	234	235
Shares Outstanding (Diluted)	240	236	258	240	234	235
Shares Change (YoY)	-5.36%	-8.69%	7.56%	2.37%	-0.19%	0.17%
EPS (Basic)	0.13	0.13	-0.04	0.18	0.22	0.17
EPS (Diluted)	0.13	0.13	-0.04	0.18	0.22	0.17
EPS Growth	165.95%	-	-	-18.18%	29.41%	-76.71%
Free Cash Flow	115.19	73.33	28.17	35.26	-42.47	-11.01
Free Cash Flow Per Share	0.48	0.31	0.11	0.15	-0.18	-0.05
Dividend Per Share	0.045	0.045	0.040	0.060	0.066	0.057
Dividend Growth	12.50%	12.50%	-33.33%	-8.82%	16.46%	-94.83%
Gross Margin	22.23%	21.16%	22.27%	20.88%	24.44%	25.65%
Operating Margin	2.34%	2.20%	2.96%	3.89%	6.81%	8.68%
Profit Margin	4.71%	4.65%	-1.55%	5.71%	6.00%	4.87%
Free Cash Flow Margin	17.51%	11.14%	4.23%	4.66%	-4.94%	-1.34%
EBITDA	30.65	29.62	34.27	44.94	71.91	84.69
EBITDA Margin	4.66%	4.50%	5.14%	5.93%	8.36%	10.34%
D&A For EBITDA	15.28	15.14	14.56	15.51	13.32	13.54
EBIT	15.37	14.49	19.71	29.43	58.58	71.14
EBIT Margin	2.34%	2.20%	2.96%	3.89%	6.81%	8.68%
Effective Tax Rate	15.27%	12.33%	-	12.57%	12.46%	15.41%
Revenue as Reported	658.5	658.5	666.29	757.38	859.94	819.36
Advertising Expenses	-	2.66	2.73	4.93	6.34	9.46

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