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	247.39	242.67	205.26	252.52	218.92	161.35
Other Revenue	-	-	21.3	1.08	1.44	1.55
Revenue	247.39	242.67	226.57	253.59	220.36	162.89
Revenue Growth (YoY)	6.50%	7.11%	-10.66%	15.08%	35.28%	25.12%
Cost of Revenue	4.07	-	100.23	83.75	73.96	60.34
Gross Profit	243.31	242.67	126.34	169.84	146.41	102.55
Selling, General & Admin	0.45	-	40.58	36.19	29.71	24.07
Research & Development	5.47	-	70.45	56.76	34.88	18.96
Other Operating Expenses	198.02	198.85	-12.25	-7.73	1.18	1.5
Operating Expenses	203.94	198.85	107.97	95.96	75.36	49.53
Operating Income	39.37	43.82	18.37	73.88	71.05	53.03
Interest Expense	-	-	-0	-0.01	-0.31	-0.54
Interest & Investment Income	0.16	-	13.57	17.33	15.21	0.1
Other Non Operating Income (Expenses)	8.16	0	0.05	-0.06	0.13	-0.07
EBT Excluding Unusual Items	47.69	43.82	31.98	91.14	86.09	52.52
Impairment of Goodwill	-	-	-0.06	-	-	-
Gain (Loss) on Sale of Investments	0	-	0.75	2.65	1.42	-
Gain (Loss) on Sale of Assets	-	-	-0.03	-0	-	-0.01
Asset Writedown	0.02	-	-	-	-	-
Other Unusual Items	-	-	0.15	-0.17	2.6	4.51
Pretax Income	47.71	43.82	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	51.89	46.77	37.03	87.1	81.25	50.72
Net Income to Common	51.89	46.77	37.03	87.1	81.25	50.72
Net Income Growth	55.95%	26.28%	-57.48%	7.20%	60.20%	13.03%
Shares Outstanding (Basic)	132	123	123	121	117	91
Shares Outstanding (Diluted)	132	123	123	121	117	91
Shares Change (YoY)	27.86%	-0.30%	2.05%	3.72%	28.47%	-0.91%
EPS (Basic)	0.39	0.38	0.30	0.72	0.70	0.56
EPS (Diluted)	0.39	0.38	0.30	0.72	0.70	0.56
EPS Growth	21.97%	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	98.35%	100.00%	55.76%	66.97%	66.44%	62.96%
Operating Margin	15.91%	18.06%	8.11%	29.13%	32.24%	32.55%
Profit Margin	20.98%	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	39.37	43.82	18.37	73.88	71.05	53.03
EBIT Margin	15.91%	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.