Novoray 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	1,116	959.16	710.99	660.91	623.82
Other Revenue	-	1.2	0.69	1.04	0.89
Revenue	1,116	960.36	711.68	661.95	624.71
Revenue Growth (YoY)	16.16%	34.94%	7.51%	5.96%	54.55%
Cost of Revenue	-	573.9	432.97	402.9	359.6
Gross Profit	1,116	386.46	278.71	259.05	265.11
Selling, General & Admin	-	66.66	59.18	52.57	46.67
Research & Development	-	60.4	47.4	38.5	35.06
Other Operating Expenses	780.03	3.83	-7.84	6.86	5.88
Operating Expenses	780.03	131.57	98.95	96.5	87.36
Operating Income	335.48	254.89	179.76	162.55	177.75
Interest Expense	-	-3.29	-2.03	-2	-0.28
Interest & Investment Income	-	21.46	14.1	6.68	13.14
Currency Exchange Gain (Loss)	-	2.96	1.16	8.44	-1.53
Other Non Operating Income (Expenses)	-1.24	-0.22	-0.27	-0.27	-0.21
EBT Excluding Unusual Items	334.23	275.79	192.71	175.4	188.87
Gain (Loss) on Sale of Investments	-	-1	2.68	2.16	0.8
Gain (Loss) on Sale of Assets	-	-0.38	-0.02	-0.83	0.08
Other Unusual Items	-	11.77	1.99	16.42	7.65
Pretax Income	334.23	286.19	197.36	193.15	197.4
Income Tax Expense	41.59	34.81	23.37	4.91	24.53
Net Income	292.64	251.37	173.99	188.24	172.87
Net Income to Common	292.64	251.37	173.99	188.24	172.87
Net Income Growth	16.42%	44.47%	-7.57%	8.89%	55.85%
Shares Outstanding (Basic)	242	242	241	242	241
Shares Outstanding (Diluted)	242	242	241	242	241
Shares Change (YoY)	-0.08%	0.60%	-0.69%	0.58%	-0.24%
EPS (Basic)	1.21	1.04	0.72	0.78	0.72
EPS (Diluted)	1.21	1.04	0.72	0.78	0.72
EPS Growth	16.51%	43.62%	-6.93%	8.26%	56.24%
Free Cash Flow	-	165.13	193.93	85.86	-54.55
Free Cash Flow Per Share	-	0.68	0.81	0.35	-0.23
Dividend Per Share	-	0.385	0.385	0.235	0.216
Dividend Growth	-	-	63.73%	8.50%	21.63%
Gross Margin	100.00%	40.24%	39.16%	39.13%	42.44%
Operating Margin	30.07%	26.54%	25.26%	24.56%	28.45%
Profit Margin	26.23%	26.17%	24.45%	28.44%	27.67%
Free Cash Flow Margin	-	17.19%	27.25%	12.97%	-8.73%
EBITDA	386.44	305.85	229.41	198.9	200.67
EBITDA Margin	34.64%	31.85%	32.23%	30.05%	32.12%
D&A For EBITDA	50.96	50.96	49.65	36.36	22.92
EBIT	335.48	254.89	179.76	162.55	177.75
EBIT Margin	30.07%	26.54%	25.26%	24.56%	28.45%
Effective Tax Rate	12.44%	12.16%	11.84%	2.54%	12.43%
Revenue as Reported	-	960.36	711.68	661.95	624.71

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