China National Electric Apparatus Research Institute Co., Ltd. (SHA:688128)

Revenue by Segment

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Quality Technical Service		1.09B			706.86M	618.36M	572.47M	465.13M
Quality Technical Service Growth		-			14.31%	8.02%	23.08%	28.76%
Electrical Equipment		849.47M			518.56M	1.04B	1.33B	1.15B
Electrical Equipment Growth		-			-50.25%	-21.73%	16.12%	35.87%
Environmentally Friendly Coatings and Resins		1.28B			1.19B	786.39M	771.08M	919.36M
Environmentally Friendly Coatings and Resins Growth		-			51.08%	1.99%	-16.13%	29.35%
Complete Set of Equipment		1.24B			927.42M	-	-	-
Unallocated Others		82.10M			58.56M	64.51M	70.90M	66.32M
Unallocated Others Growth		-			-9.23%	-9.01%	6.92%	-23.44%
Inter-Segment Elimination		-29.00M			-	-	-	-
Lease Income		-			7.94M	7.96M	6.06M	-
Lease Income Growth		-			-0.24%	31.24%	-	-
Total		4.52B			3.41B	2.52B	2.75B	2.60B
Total Growth		-			35.24%	-8.46%	5.95%	33.74%

Revenue by Geography

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Mainland China		3.57B			2.64B	1.88B	2.15B	2.01B
Mainland China Growth		-			40.41%	-12.39%	6.90%	35.91%
Other Region		948.76M			764.08M	637.09M	603.71M	587.89M
Other Region Growth		-			19.93%	5.53%	2.69%	26.82%
Total		4.52B			3.41B	2.52B	2.75B	2.60B
Total Growth		-			35.24%	-8.46%	5.95%	33.74%

Source: S&P Global Market Intelligence.