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					706.86M	618.36M	572.47M	465.13M	361.24M
Quality Technical Service Growth					14.31%	8.02%	23.08%	28.76%	17.17%
Electrical Equipment					518.56M	1.04B	1.33B	1.15B	844.17M
Electrical Equipment Growth					-50.25%	-21.73%	16.12%	35.87%	25.27%
Environmentally Friendly Coatings and Resins					1.19B	786.39M	771.08M	919.36M	710.75M
Environmentally Friendly Coatings and Resins Growth					51.08%	1.99%	-16.13%	29.35%	25.08%
Complete Set of Equipment					927.42M	-	-	-	-
Unallocated Others					58.56M	64.51M	70.90M	66.32M	86.63M
Unallocated Others Growth					-9.23%	-9.01%	6.92%	-23.44%	72.22%
Inter-Segment Elimination					-	-	-	-	-60.42M
Lease Income					7.94M	7.96M	6.06M	-	-
Lease Income Growth					-0.24%	31.24%	-	-	-
Total					3.41B	2.52B	2.75B	2.60B	1.94B
Total Growth					35.24%	-8.46%	5.95%	33.74%	22.85%

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					2.64B	1.88B	2.15B	2.01B	1.48B
Mainland China Growth					40.41%	-12.39%	6.90%	35.91%	19.79%
Other Region					764.08M	637.09M	603.71M	587.89M	463.55M
Other Region Growth					19.93%	5.53%	2.69%	26.82%	33.77%
Total					3.41B	2.52B	2.75B	2.60B	1.94B
Total Growth					35.24%	-8.46%	5.95%	33.74%	22.85%

Source: S&P Global Market Intelligence.