Chengdu KSW Technologies Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	242.67	205.26	252.52	218.92	161.35
Other Revenue	-	21.3	1.08	1.44	1.55
Revenue	242.67	226.57	253.59	220.36	162.89
Revenue Growth (YoY)	7.11%	-10.66%	15.08%	35.28%	25.12%
Cost of Revenue	-	100.23	83.75	73.96	60.34
Gross Profit	242.67	126.34	169.84	146.41	102.55
Selling, General & Admin	-	40.58	36.19	29.71	24.07
Research & Development	-	70.45	56.76	34.88	18.96
Other Operating Expenses	198.85	-12.25	-7.73	1.18	1.5
Operating Expenses	198.85	107.97	95.96	75.36	49.53
Operating Income	43.82	18.37	73.88	71.05	53.03
Interest Expense	-	-0	-0.01	-0.31	-0.54
Interest & Investment Income	-	13.57	17.33	15.21	0.1
Other Non Operating Income (Expenses)	0	0.05	-0.06	0.13	-0.07
EBT Excluding Unusual Items	43.82	31.98	91.14	86.09	52.52
Impairment of Goodwill	-	-0.06	-	-	-
Gain (Loss) on Sale of Investments	-	0.75	2.65	1.42	-
Gain (Loss) on Sale of Assets	-	-0.03	-0	-	-0.01
Other Unusual Items	-	0.15	-0.17	2.6	4.51
Pretax Income	43.82	32.79	93.62	90.11	57.02
Income Tax Expense	-2.94	-4.24	6.52	8.86	6.3
Net Income	46.77	37.03	87.1	81.25	50.72
Net Income to Common	46.77	37.03	87.1	81.25	50.72
Net Income Growth	26.28%	-57.48%	7.20%	60.20%	13.03%
Shares Outstanding (Basic)	123	123	121	117	91
Shares Outstanding (Diluted)	123	123	121	117	91
Shares Change (YoY)	-0.30%	2.05%	3.72%	28.47%	-0.91%
EPS (Basic)	0.38	0.30	0.72	0.70	0.56
EPS (Diluted)	0.38	0.30	0.72	0.70	0.56
EPS Growth	26.67%	-58.33%	3.36%	24.70%	14.07%
Free Cash Flow	-	74.17	-44.65	-5.68	12.07
Free Cash Flow Per Share	-	0.60	-0.37	-0.05	0.13
Dividend Per Share	-	0.260	0.150	0.069	0.043
Dividend Growth	-	72.99%	117.83%	61.21%	-31.08%
Gross Margin	100.00%	55.76%	66.97%	66.44%	62.96%
Operating Margin	18.06%	8.11%	29.13%	32.24%	32.55%
Profit Margin	19.27%	16.35%	34.35%	36.87%	31.13%
Free Cash Flow Margin	-	32.73%	-17.61%	-2.58%	7.41%
EBITDA	55.68	30.22	80.2	72.99	54.17
EBITDA Margin	22.94%	13.34%	31.63%	33.12%	33.25%
D&A For EBITDA	11.85	11.85	6.33	1.94	1.14
EBIT	43.82	18.37	73.88	71.05	53.03
EBIT Margin	18.06%	8.11%	29.13%	32.24%	32.55%
Effective Tax Rate	-	-	6.97%	9.83%	11.05%
Revenue as Reported	-	226.57	253.59	220.36	162.89
Advertising Expenses	-	1.04	0.75	0.36	0.33

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