Chengdu KSW Technologies Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	241.25	205.26	252.52	218.92	161.35	130.18
Other Revenue	21.3	21.3	1.08	1.44	1.55	0.01
Revenue	262.56	226.57	253.59	220.36	162.89	130.19
Revenue Growth (YoY)	26.11%	-10.66%	15.08%	35.28%	25.12%	23.45%
Cost of Revenue	116.8	100.23	83.75	73.96	60.34	39.84
Gross Profit	145.75	126.34	169.84	146.41	102.55	90.35
Selling, General & Admin	43.7	40.58	36.19	29.71	24.07	19.81
Research & Development	68.33	70.45	56.76	34.88	18.96	15.85
Other Operating Expenses	-15.88	-12.25	-7.73	1.18	1.5	1.07
Operating Expenses	112.32	107.97	95.96	75.36	49.53	39.75
Operating Income	33.44	18.37	73.88	71.05	53.03	50.6
Interest Expense	-0.02	-0	-0.01	-0.31	-0.54	-0.21
Interest & Investment Income	10.12	13.57	17.33	15.21	0.1	0.06
Other Non Operating Income (Expenses)	0.06	0.05	-0.06	0.13	-0.07	-0.22
EBT Excluding Unusual Items	43.6	31.98	91.14	86.09	52.52	50.23
Impairment of Goodwill	-0.06	-0.06	-	-	-	-
Gain (Loss) on Sale of Investments	0.19	0.75	2.65	1.42	-	-
Gain (Loss) on Sale of Assets	-0.03	-0.03	-0	-	-0.01	-
Asset Writedown	-0.12	-	-	-	-	-0
Other Unusual Items	0.15	0.15	-0.17	2.6	4.51	1.18
Pretax Income	43.73	32.79	93.62	90.11	57.02	51.41
Income Tax Expense	-2.91	-4.24	6.52	8.86	6.3	6.54
Net Income	46.63	37.03	87.1	81.25	50.72	44.87
Net Income to Common	46.63	37.03	87.1	81.25	50.72	44.87
Net Income Growth	-7.33%	-57.48%	7.20%	60.20%	13.03%	41.83%
Shares Outstanding (Basic)	124	123	121	117	91	92
Shares Outstanding (Diluted)	124	123	121	117	91	92
Shares Change (YoY)	4.18%	2.05%	3.72%	28.47%	-0.91%	-0.13%
EPS (Basic)	0.38	0.30	0.72	0.70	0.56	0.49
EPS (Diluted)	0.38	0.30	0.72	0.70	0.56	0.49
EPS Growth	-11.05%	-58.33%	3.36%	24.70%	14.07%	42.02%
Free Cash Flow	91.31	74.17	-44.65	-5.68	12.07	21.49
Free Cash Flow Per Share	0.74	0.60	-0.37	-0.05	0.13	0.23
Dividend Per Share	0.260	0.260	0.150	0.069	0.043	0.062
Dividend Growth	72.99%	72.99%	117.83%	61.21%	-31.08%	35.00%
Gross Margin	55.51%	55.76%	66.97%	66.44%	62.96%	69.40%
Operating Margin	12.73%	8.11%	29.13%	32.24%	32.55%	38.87%
Profit Margin	17.76%	16.35%	34.35%	36.87%	31.13%	34.47%
Free Cash Flow Margin	34.78%	32.73%	-17.61%	-2.58%	7.41%	16.51%
EBITDA	49.44	30.22	80.2	72.99	54.17	51.34
EBITDA Margin	18.83%	13.34%	31.63%	33.12%	33.25%	39.44%
D&A For EBITDA	16	11.85	6.33	1.94	1.14	0.74
EBIT	33.44	18.37	73.88	71.05	53.03	50.6
EBIT Margin	12.73%	8.11%	29.13%	32.24%	32.55%	38.87%
Effective Tax Rate	-	-	6.97%	9.83%	11.05%	12.71%
Revenue as Reported	262.56	226.57	253.59	220.36	162.89	130.19
Advertising Expenses	-	1.04	0.75	0.36	0.33	0.05

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