Jiaxing ZMAX Optech Co., Ltd. (SHA:688307)

Jiaxing ZMAX Optech Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	481.75	449.03	371.63	392.48	383.98	319.28
Other Revenue	5.64	5.64	7.22	11.52	12.52	15.05
Revenue	487.39	454.66	378.85	404.01	396.5	334.33
Revenue Growth (YoY)	24.65%	20.01%	-6.23%	1.89%	18.59%	17.64%
Cost of Revenue	327.58	305.46	252.51	276.37	278.14	238.84
Gross Profit	159.8	149.21	126.34	127.64	118.35	95.5
Selling, General & Admin	60.81	59	62.39	48.87	46.54	42.12
Research & Development	52.96	48.6	40.52	40.68	33.14	23.78
Other Operating Expenses	4.38	2.38	1.27	4.16	1.65	-2.39
Operating Expenses	119.29	109.66	104.96	92.3	82.78	63.49
Operating Income	40.51	39.55	21.38	35.34	35.58	32
Interest Expense	-0.14	-0.12	-0.35	-1.21	-1.15	-1.69
Interest & Investment Income	9.73	10.47	10.26	0.24	0.08	0.08
Currency Exchange Gain (Loss)	1.2	1.2	0.24	1.05	-0.72	-0.36
Other Non Operating Income (Expenses)	0.35	0.37	0.04	-0.56	-0.3	-0.46
EBT Excluding Unusual Items	51.65	51.46	31.57	34.85	33.5	29.56
Gain (Loss) on Sale of Investments	-0.31	-0.27	-0.55	-0.63	-0.44	-0.07
Gain (Loss) on Sale of Assets	0.15	0.11	-0.01	-0.37	0.01	0.01
Asset Writedown	-0.5	-0.24	-2.17	-0.23	-0.2	-1.01
Other Unusual Items	6.52	6.52	7.74	10.11	6.04	-
Pretax Income	57.52	57.57	36.58	43.74	38.91	28.49
Income Tax Expense	4.75	4.08	0.04	2.41	3.34	2.25
Earnings From Continuing Operations	52.76	53.49	36.54	41.33	35.57	26.24
Minority Interest in Earnings	-0.13	-0.06	-0.21	-0.22	0.38	0.4
Net Income	52.64	53.43	36.33	41.12	35.95	26.65
Net Income to Common	52.64	53.43	36.33	41.12	35.95	26.65
Net Income Growth	8.83%	47.06%	-11.64%	14.37%	34.91%	17.93%
Shares Outstanding (Basic)	88	88	84	66	67	66
Shares Outstanding (Diluted)	88	88	84	66	67	66
Shares Change (YoY)	6.81%	3.67%	27.41%	-0.39%	0.87%	-
EPS (Basic)	0.60	0.61	0.43	0.62	0.54	0.40
EPS (Diluted)	0.60	0.61	0.43	0.62	0.54	0.40
EPS Growth	1.90%	41.86%	-30.64%	14.82%	33.74%	-
Free Cash Flow	45.35	50.07	54.67	-17.37	18.86	-67.13
Free Cash Flow Per Share	0.52	0.57	0.65	-0.26	0.28	-1.02
Dividend Per Share	0.450	0.450	0.300	0.200	0.200	-
Dividend Growth	50.00%	50.00%	50.00%	-	-	-
Gross Margin	32.79%	32.82%	33.35%	31.59%	29.85%	28.56%
Operating Margin	8.31%	8.70%	5.64%	8.75%	8.97%	9.57%
Profit Margin	10.80%	11.75%	9.59%	10.18%	9.07%	7.97%
Free Cash Flow Margin	9.30%	11.01%	14.43%	-4.30%	4.76%	-20.08%
EBITDA	62.6	61.47	42.65	55.43	54.34	47.93
EBITDA Margin	12.85%	13.52%	11.26%	13.72%	13.71%	14.34%
D&A For EBITDA	22.09	21.93	21.27	20.09	18.76	15.93
EBIT	40.51	39.55	21.38	35.34	35.58	32
EBIT Margin	8.31%	8.70%	5.64%	8.75%	8.97%	9.57%
Effective Tax Rate	8.26%	7.09%	0.11%	5.51%	8.58%	7.90%
Revenue as Reported	487.39	454.66	378.85	404.01	396.5	-
Advertising Expenses	-	1.79	1.79	0.51	0.63	0.22

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