Xiamen Leading Optics 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	904.03	830.27	620.37	603.93	585.11	501.02
Other Revenue	0.25	0.25	0.11	0.08	0.02	0.02
Revenue	904.28	830.52	620.48	604.01	585.13	501.05
Revenue Growth (YoY)	41.19%	33.85%	2.73%	3.23%	16.78%	20.14%
Cost of Revenue	471.13	434.95	382.69	373.08	371.14	290.29
Gross Profit	433.14	395.57	237.78	230.94	213.99	210.75
Selling, General & Admin	60.72	57.93	41.45	39.68	34.42	31.92
Research & Development	68.52	65.08	46.36	46.72	42.34	37.16
Other Operating Expenses	6.43	6.2	5.19	5.01	1.82	3.18
Operating Expenses	137.18	130.72	94.21	89.32	84.35	72.91
Operating Income	295.96	264.85	143.58	141.61	129.64	137.84
Interest Expense	-0.53	-0.53	-1.19	-0.3	-0.03	-
Interest & Investment Income	39.22	40.67	35.44	20.67	13.7	18.28
Currency Exchange Gain (Loss)	-10.01	-10.01	9.87	2.91	14.86	-6.56
Other Non Operating Income (Expenses)	-20.17	-0.3	-0.23	-0.03	0.01	-0.19
EBT Excluding Unusual Items	304.48	294.68	187.46	164.87	158.18	149.37
Gain (Loss) on Sale of Investments	-2.52	-7.7	4.12	0.6	0.8	-0.26
Gain (Loss) on Sale of Assets	0.01	0.01	-	0	0.16	4.72
Asset Writedown	-0.81	-0.09	-0.06	-0.18	-0.26	-
Other Unusual Items	11.43	11.43	8.87	9.35	16.07	10.86
Pretax Income	312.6	298.35	200.38	174.63	174.94	164.69
Income Tax Expense	38.89	38.26	24.22	20.26	19.05	18.85
Earnings From Continuing Operations	273.71	260.09	176.16	154.37	155.89	145.84
Minority Interest in Earnings	-0.1	-0.05	-0.83	-0.19	0.28	-0.04
Net Income	273.61	260.04	175.33	154.18	156.17	145.8
Net Income to Common	273.61	260.04	175.33	154.18	156.17	145.8
Net Income Growth	38.26%	48.31%	13.72%	-1.27%	7.11%	-3.18%
Shares Outstanding (Basic)	408	407	407	406	406	405
Shares Outstanding (Diluted)	410	408	407	407	406	406
Shares Change (YoY)	0.67%	0.40%	0.02%	0.13%	0.12%	6.30%
EPS (Basic)	0.67	0.64	0.43	0.38	0.38	0.36
EPS (Diluted)	0.67	0.64	0.43	0.38	0.38	0.36
EPS Growth	37.34%	47.73%	13.69%	-1.40%	6.98%	-8.92%
Free Cash Flow	247.33	193.86	171.15	218.43	33.83	-86.91
Free Cash Flow Per Share	0.60	0.47	0.42	0.54	0.08	-0.21
Dividend Per Share	0.600	0.600	0.400	0.250	0.120	0.120
Dividend Growth	50.00%	50.00%	60.00%	108.33%	-	-20.00%
Gross Margin	47.90%	47.63%	38.32%	38.23%	36.57%	42.06%
Operating Margin	32.73%	31.89%	23.14%	23.45%	22.16%	27.51%
Profit Margin	30.26%	31.31%	28.26%	25.53%	26.69%	29.10%
Free Cash Flow Margin	27.35%	23.34%	27.58%	36.16%	5.78%	-17.34%
EBITDA	348.12	315.84	189.93	182.58	163.24	162.02
EBITDA Margin	38.50%	38.03%	30.61%	30.23%	27.90%	32.34%
D&A For EBITDA	52.16	50.99	46.35	40.97	33.6	24.19
EBIT	295.96	264.85	143.58	141.61	129.64	137.84
EBIT Margin	32.73%	31.89%	23.14%	23.45%	22.16%	27.51%
Effective Tax Rate	12.44%	12.82%	12.09%	11.60%	10.89%	11.44%
Revenue as Reported	830.52	830.52	620.48	604.01	585.13	501.05
Advertising Expenses	-	0.86	1.36	1.62	0.56	0.71

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