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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	243.03	238.32	205.26	252.52	218.92	161.35
Other Revenue	4.38	4.38	21.3	1.08	1.44	1.55
Revenue	247.41	242.69	226.57	253.59	220.36	162.89
Revenue Growth (YoY)	6.51%	7.12%	-10.66%	15.08%	35.28%	25.12%
Cost of Revenue	95.17	91.09	100.23	83.75	73.96	60.34
Gross Profit	152.25	151.6	126.34	169.84	146.41	102.55
Selling, General & Admin	44.36	43.91	40.58	36.19	29.71	24.07
Research & Development	76.49	71.02	70.45	56.76	34.88	18.96
Other Operating Expenses	0.23	1.05	0.13	0.8	1.18	1.5
Operating Expenses	131.25	134.23	120.36	104.49	75.36	49.53
Operating Income	21	17.38	5.98	65.35	71.05	53.03
Interest Expense	-0.04	-0.03	-0	-0.01	-0.31	-0.54
Interest & Investment Income	12.14	11.85	13.57	17.33	15.21	0.1
Other Non Operating Income (Expenses)	-0.44	-0.44	0.05	-0.06	0.13	-0.07
EBT Excluding Unusual Items	32.66	28.76	19.59	82.61	86.09	52.52
Impairment of Goodwill	-	-	-0.06	-	-	-
Gain (Loss) on Sale of Investments	0.2	0.2	0.75	2.65	1.42	-
Gain (Loss) on Sale of Assets	-0	-0	-0.03	-0	-	-0.01
Asset Writedown	0.02	-	-	-	-	-
Other Unusual Items	14.85	14.89	12.53	8.36	2.6	4.51
Pretax Income	47.72	43.84	32.79	93.62	90.11	57.02
Income Tax Expense	-4.18	-2.94	-4.24	6.52	8.86	6.3
Net Income	51.9	46.78	37.03	87.1	81.25	50.72
Net Income to Common	51.9	46.78	37.03	87.1	81.25	50.72
Net Income Growth	55.98%	26.32%	-57.48%	7.20%	60.20%	13.03%
Shares Outstanding (Basic)	129	120	123	121	117	91
Shares Outstanding (Diluted)	129	120	123	121	117	91
Shares Change (YoY)	24.84%	-2.83%	2.05%	3.72%	28.47%	-0.91%
EPS (Basic)	0.40	0.39	0.30	0.72	0.70	0.56
EPS (Diluted)	0.40	0.39	0.30	0.72	0.70	0.56
EPS Growth	24.94%	30.00%	-58.33%	3.36%	24.70%	14.07%
Free Cash Flow	33.42	42.22	74.17	-44.65	-5.68	12.07
Free Cash Flow Per Share	0.26	0.35	0.60	-0.37	-0.05	0.13
Dividend Per Share	0.260	0.260	0.260	0.150	0.069	0.043
Dividend Growth	-	-	72.99%	117.83%	61.21%	-31.08%
Gross Margin	61.54%	62.47%	55.76%	66.97%	66.44%	62.96%
Operating Margin	8.49%	7.16%	2.64%	25.77%	32.24%	32.55%
Profit Margin	20.98%	19.28%	16.35%	34.35%	36.87%	31.13%
Free Cash Flow Margin	13.51%	17.40%	32.73%	-17.61%	-2.58%	7.41%
EBITDA	33.45	30.01	19.32	71.68	72.99	54.17
EBITDA Margin	13.52%	12.37%	8.53%	28.26%	33.12%	33.25%
D&A For EBITDA	12.46	12.63	13.35	6.33	1.94	1.14
EBIT	21	17.38	5.98	65.35	71.05	53.03
EBIT Margin	8.49%	7.16%	2.64%	25.77%	32.24%	32.55%
Effective Tax Rate	-	-	-	6.97%	9.83%	11.05%
Revenue as Reported	247.41	242.69	226.57	253.59	220.36	162.89
Advertising Expenses	-	1.78	1.04	0.75	0.36	0.33