Jiaxing ZMAX Optech 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	658.12	449.03	371.63	392.48	383.98
Other Revenue	-	5.64	7.22	11.52	12.52
Revenue	658.12	454.66	378.85	404.01	396.5
Revenue Growth (YoY)	44.75%	20.01%	-6.23%	1.89%	18.59%
Cost of Revenue	444.1	305.46	252.51	276.37	278.14
Gross Profit	214.02	149.21	126.34	127.64	118.35
Selling, General & Admin	84.21	59	62.39	48.87	46.54
Research & Development	72.33	48.6	40.52	40.68	33.14
Other Operating Expenses	-7.86	2.38	1.27	4.16	1.65
Operating Expenses	148.68	109.66	104.96	92.3	82.78
Operating Income	65.34	39.55	21.38	35.34	35.58
Interest Expense	-	-0.12	-0.35	-1.21	-1.15
Interest & Investment Income	3.23	10.47	10.26	0.24	0.08
Currency Exchange Gain (Loss)	-	1.2	0.24	1.05	-0.72
Other Non Operating Income (Expenses)	5.51	0.37	0.04	-0.56	-0.3
EBT Excluding Unusual Items	74.08	51.46	31.57	34.85	33.5
Gain (Loss) on Sale of Investments	0.13	-0.27	-0.55	-0.63	-0.44
Gain (Loss) on Sale of Assets	0.14	0.11	-0.01	-0.37	0.01
Asset Writedown	-6.1	-0.24	-2.17	-0.23	-0.2
Other Unusual Items	-	6.52	7.74	10.11	6.04
Pretax Income	68.26	57.57	36.58	43.74	38.91
Income Tax Expense	-0.71	4.08	0.04	2.41	3.34
Earnings From Continuing Operations	68.97	53.49	36.54	41.33	35.57
Minority Interest in Earnings	-5.92	-0.06	-0.21	-0.22	0.38
Net Income	63.05	53.43	36.33	41.12	35.95
Net Income to Common	63.05	53.43	36.33	41.12	35.95
Net Income Growth	18.00%	47.06%	-11.64%	14.37%	34.91%
Shares Outstanding (Basic)	89	88	84	66	67
Shares Outstanding (Diluted)	89	88	84	66	67
Shares Change (YoY)	1.38%	3.67%	27.41%	-0.39%	0.87%
EPS (Basic)	0.71	0.61	0.43	0.62	0.54
EPS (Diluted)	0.71	0.61	0.43	0.62	0.54
EPS Growth	16.39%	41.86%	-30.64%	14.82%	33.74%
Free Cash Flow	-93.37	50.07	54.67	-17.37	18.86
Free Cash Flow Per Share	-1.05	0.57	0.65	-0.26	0.28
Dividend Per Share	-	0.450	0.300	0.200	0.200
Dividend Growth	-	50.00%	50.00%	-	-
Gross Margin	32.52%	32.82%	33.35%	31.59%	29.85%
Operating Margin	9.93%	8.70%	5.64%	8.75%	8.97%
Profit Margin	9.58%	11.75%	9.59%	10.18%	9.07%
Free Cash Flow Margin	-14.19%	11.01%	14.43%	-4.30%	4.76%
EBITDA	98.78	61.47	42.65	55.43	54.34
EBITDA Margin	15.01%	13.52%	11.26%	13.72%	13.71%
D&A For EBITDA	33.44	21.93	21.27	20.09	18.76
EBIT	65.34	39.55	21.38	35.34	35.58
EBIT Margin	9.93%	8.70%	5.64%	8.75%	8.97%
Effective Tax Rate	-	7.09%	0.11%	5.51%	8.58%
Revenue as Reported	-	454.66	378.85	404.01	396.5
Advertising Expenses	-	1.79	1.79	0.51	0.63

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