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	644.16	449.03	371.63	392.48	383.98
Other Revenue	13.96	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	450.69	305.46	252.51	276.37	278.14
Gross Profit	207.43	149.21	126.34	127.64	118.35
Selling, General & Admin	83.72	59	62.39	48.87	46.54
Research & Development	72.33	48.6	40.52	40.68	33.14
Other Operating Expenses	4.76	2.38	1.27	4.16	1.65
Operating Expenses	160.57	109.66	104.96	92.3	82.78
Operating Income	46.86	39.55	21.38	35.34	35.58
Interest Expense	-2.35	-0.14	-0.35	-1.21	-1.15
Interest & Investment Income	13.14	10.47	10.26	0.24	0.08
Currency Exchange Gain (Loss)	-1.68	1.2	0.24	1.05	-0.72
Other Non Operating Income (Expenses)	-0.12	0.39	0.04	-0.56	-0.3
EBT Excluding Unusual Items	55.85	51.46	31.57	34.85	33.5
Gain (Loss) on Sale of Investments	-	-0.27	-0.55	-0.63	-0.44
Gain (Loss) on Sale of Assets	0.12	0.11	-0.01	-0.37	0.01
Asset Writedown	-	-0.24	-2.17	-0.23	-0.2
Other Unusual Items	12.29	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	0.500	0.450	0.300	0.200	0.200
Dividend Growth	11.11%	50.00%	50.00%	-	-
Gross Margin	31.52%	32.82%	33.35%	31.59%	29.85%
Operating Margin	7.12%	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	79.62	62.46	42.65	55.43	54.34
EBITDA Margin	12.10%	13.74%	11.26%	13.72%	13.71%
D&A For EBITDA	32.76	22.91	21.27	20.09	18.76
EBIT	46.86	39.55	21.38	35.34	35.58
EBIT Margin	7.12%	8.70%	5.64%	8.75%	8.97%
Effective Tax Rate	-	7.09%	0.11%	5.51%	8.58%
Revenue as Reported	658.12	454.66	378.85	404.01	396.5
Advertising Expenses	1.13	1.79	1.79	0.51	0.63

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