AVE Science&Technology CO.,LTD (SHA:688067)

SHA:688067 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	210.35	198.73	196.87	192.45	206.03	174.26
Other Revenue	5.32	4.59	3.44	4.33	4.63	5.94
Revenue	215.66	203.32	200.31	196.77	210.67	180.2
Revenue Growth (YoY)	6.34%	1.50%	1.80%	-6.59%	16.91%	-5.15%
Cost of Revenue	88.49	82.56	87.5	91.17	86.85	74.39
Gross Profit	127.18	120.76	112.81	105.61	123.82	105.81
Selling, General & Admin	84.71	82.74	74.48	69.84	68.93	57.21
Research & Development	26.26	25.38	27.72	33.08	31.2	22.62
Other Operating Expenses	-2	-2.77	-2.05	-2	-1.77	-3.82
Operating Expenses	109.67	105.99	100.98	101.5	99.09	76.69
Operating Income	17.51	14.77	11.83	4.1	24.73	29.12
Interest & Investment Income	6.33	7.23	6.39	6.52	3.1	0.91
Currency Exchange Gain (Loss)	0.08	0.17	0	0	-0.01	0
Other Non Operating Income (Expenses)	-0.05	-0.25	-0.41	-0.1	-0.02	-0.01
EBT Excluding Unusual Items	23.87	21.92	17.81	10.53	27.79	30.02
Gain (Loss) on Sale of Investments	0.06	0.05	0.01	-	-	-
Gain (Loss) on Sale of Assets	-0.05	-0.03	-0.01	-0.2	-0.01	-0.15
Other Unusual Items	2.04	1.6	4.55	7.87	6.13	3.7
Pretax Income	25.91	23.53	22.36	18.2	33.91	33.56
Income Tax Expense	0.61	0.69	0.83	0.23	2.64	3.46
Net Income	25.3	22.84	21.53	17.97	31.28	30.1
Net Income to Common	25.3	22.84	21.53	17.97	31.28	30.1
Net Income Growth	6.32%	6.07%	19.81%	-42.53%	3.90%	-40.42%
Shares Outstanding (Basic)	67	67	67	69	59	51
Shares Outstanding (Diluted)	67	67	67	69	59	51
Shares Change (YoY)	-2.24%	-0.17%	-2.65%	17.15%	15.67%	0.03%
EPS (Basic)	0.38	0.34	0.32	0.26	0.53	0.59
EPS (Diluted)	0.38	0.34	0.32	0.26	0.53	0.59
EPS Growth	8.75%	6.25%	23.08%	-50.94%	-10.17%	-40.40%
Free Cash Flow	24.72	18.66	18.23	8.54	26.67	35.13
Free Cash Flow Per Share	0.37	0.28	0.27	0.12	0.45	0.69
Dividend Per Share	0.100	0.100	0.100	0.100	0.300	-
Dividend Growth	-	-	-	-66.67%	-	-
Gross Margin	58.97%	59.39%	56.32%	53.67%	58.77%	58.72%
Operating Margin	8.12%	7.27%	5.91%	2.09%	11.74%	16.16%
Profit Margin	11.73%	11.23%	10.75%	9.13%	14.85%	16.70%
Free Cash Flow Margin	11.46%	9.18%	9.10%	4.34%	12.66%	19.49%
EBITDA	29.17	26.06	22.68	13.14	31.47	34.75
EBITDA Margin	13.53%	12.82%	11.32%	6.68%	14.94%	19.29%
D&A For EBITDA	11.66	11.29	10.85	9.03	6.75	5.63
EBIT	17.51	14.77	11.83	4.1	24.73	29.12
EBIT Margin	8.12%	7.27%	5.91%	2.09%	11.74%	16.16%
Effective Tax Rate	2.37%	2.93%	3.69%	1.24%	7.77%	10.31%
Revenue as Reported	215.66	203.32	200.31	196.77	210.67	180.2
Advertising Expenses	-	1.62	1.05	0.68	1.6	-

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