Zhiyang Innovation Technology Co., Ltd. (SHA:688191)

SHA:688191 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	1,001	968.24	795.16	670.73	655.78	500.76
Other Revenue	-1.38	2.48	2.96	0.5	0.24	1.48
Revenue	999.14	970.72	798.13	671.23	656.02	502.23
Revenue Growth (YoY)	16.75%	21.63%	18.91%	2.32%	30.62%	52.87%
Cost of Revenue	685.39	672.63	537.18	466.69	429.1	299.62
Gross Profit	313.75	298.1	260.95	204.54	226.92	202.62
Selling, General & Admin	164.98	159.15	140.22	122.69	102.18	73.68
Research & Development	120.56	111.2	100.79	87.4	69.02	39.26
Other Operating Expenses	-8.82	-20.72	-16.99	-11.63	-9.17	-12.74
Operating Expenses	285.91	260.85	234.42	206.55	175.67	102.82
Operating Income	27.84	37.24	26.53	-2	51.25	99.79
Interest Expense	-1.67	-1.93	-0.96	-0.18	-0.3	-0.76
Interest & Investment Income	11.1	11.34	9.14	6.82	7.7	3.21
Other Non Operating Income (Expenses)	-1.8	-1.58	-1.46	-2.27	-1.08	-1.27
EBT Excluding Unusual Items	35.47	45.07	33.24	2.36	57.58	100.97
Gain (Loss) on Sale of Investments	-0.87	0.21	0.31	-	-	-
Gain (Loss) on Sale of Assets	0.14	0.16	0.06	0.02	0	-0.01
Other Unusual Items	14.88	8.09	10.96	22.89	19.41	5.5
Pretax Income	49.62	53.52	44.57	25.26	76.99	106.46
Income Tax Expense	5.46	2.91	3.67	-2.45	6.52	14.28
Earnings From Continuing Operations	44.16	50.61	40.9	27.72	70.47	92.18
Minority Interest in Earnings	0.91	0.72	0.63	0.28	-	-
Net Income	45.07	51.34	41.53	27.99	70.47	92.18
Net Income to Common	45.07	51.34	41.53	27.99	70.47	92.18
Net Income Growth	4.18%	23.60%	48.37%	-60.28%	-23.55%	8.09%
Shares Outstanding (Basic)	226	225	229	232	210	172
Shares Outstanding (Diluted)	226	225	229	232	210	172
Shares Change (YoY)	-1.47%	-1.85%	-1.09%	10.36%	22.30%	1.35%
EPS (Basic)	0.20	0.23	0.18	0.12	0.34	0.54
EPS (Diluted)	0.20	0.23	0.18	0.12	0.34	0.54
EPS Growth	5.73%	25.94%	50.00%	-64.00%	-37.49%	6.65%
Free Cash Flow	-2.89	42.9	68.41	11.39	-166.7	36.46
Free Cash Flow Per Share	-0.01	0.19	0.30	0.05	-0.79	0.21
Dividend Per Share	0.403	0.403	0.134	0.081	0.101	-
Dividend Growth	200.07%	200.07%	66.71%	-20.06%	-	-
Gross Margin	31.40%	30.71%	32.70%	30.47%	34.59%	40.34%
Operating Margin	2.79%	3.84%	3.32%	-0.30%	7.81%	19.87%
Profit Margin	4.51%	5.29%	5.20%	4.17%	10.74%	18.35%
Free Cash Flow Margin	-0.29%	4.42%	8.57%	1.70%	-25.41%	7.26%
EBITDA	40.06	50.53	42.82	10.92	58.12	102.85
EBITDA Margin	4.01%	5.21%	5.37%	1.63%	8.86%	20.48%
D&A For EBITDA	12.21	13.29	16.29	12.92	6.87	3.06
EBIT	27.84	37.24	26.53	-2	51.25	99.79
EBIT Margin	2.79%	3.84%	3.32%	-0.30%	7.81%	19.87%
Effective Tax Rate	11.00%	5.43%	8.24%	-	8.47%	13.41%
Revenue as Reported	999.14	970.72	798.13	671.23	656.02	502.23

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