Suzhou Mingzhi Technology 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	530.45	625.66	525.21	608.84	703.71
Other Revenue	-	5.83	8.27	3.82	10.08
Revenue	530.45	631.48	533.48	612.66	713.79
Revenue Growth (YoY)	-16.00%	18.37%	-12.92%	-14.17%	16.54%
Cost of Revenue	-	437.19	393.12	452.91	475.55
Gross Profit	530.45	194.3	140.36	159.75	238.24
Selling, General & Admin	-	83.64	84.35	91.44	86.78
Research & Development	-	61.17	63.75	54.38	32.1
Other Operating Expenses	448.16	2.28	1.64	2.61	3.83
Operating Expenses	448.16	157.99	160.44	153.45	125.4
Operating Income	82.29	36.31	-20.08	6.3	112.84
Interest Expense	-	-1.64	-2.88	-2.59	-1.33
Interest & Investment Income	-	3.7	3.88	9.56	10.54
Currency Exchange Gain (Loss)	-	-3.74	12.73	0.23	-2.45
Other Non Operating Income (Expenses)	0.91	-0.29	-0.79	-1.14	-1.05
EBT Excluding Unusual Items	83.2	34.33	-7.13	12.35	118.55
Gain (Loss) on Sale of Investments	-	9.94	8.01	11.52	1.47
Gain (Loss) on Sale of Assets	-	-0.03	-1.49	-0.98	-0.74
Asset Writedown	-	-0.01	-0.69	-	-
Legal Settlements	-	-0.8	-	-	-
Other Unusual Items	-	25.86	11.78	10.71	22.02
Pretax Income	83.2	69.29	10.48	33.6	141.31
Income Tax Expense	3.45	2.95	-4.18	-3.43	17.95
Net Income	79.75	66.34	14.66	37.03	123.36
Net Income to Common	79.75	66.34	14.66	37.03	123.36
Net Income Growth	20.21%	352.42%	-60.40%	-69.99%	4.81%
Shares Outstanding (Basic)	123	123	122	123	110
Shares Outstanding (Diluted)	123	123	122	123	110
Shares Change (YoY)	-0.13%	0.54%	-0.99%	12.05%	19.79%
EPS (Basic)	0.65	0.54	0.12	0.30	1.12
EPS (Diluted)	0.65	0.54	0.12	0.30	1.12
EPS Growth	20.37%	350.00%	-60.00%	-73.21%	-12.50%
Free Cash Flow	-	85.25	22.32	-126.51	96.53
Free Cash Flow Per Share	-	0.69	0.18	-1.02	0.88
Dividend Per Share	-	0.500	0.400	0.050	0.401
Dividend Growth	-	25.00%	700.00%	-87.53%	-
Gross Margin	100.00%	30.77%	26.31%	26.07%	33.38%
Operating Margin	15.51%	5.75%	-3.76%	1.03%	15.81%
Profit Margin	15.03%	10.51%	2.75%	6.04%	17.28%
Free Cash Flow Margin	-	13.50%	4.18%	-20.65%	13.52%
EBITDA	124.23	78.24	14.53	34.16	138.62
EBITDA Margin	23.42%	12.39%	2.72%	5.58%	19.42%
D&A For EBITDA	41.94	41.94	34.61	27.86	25.78
EBIT	82.29	36.31	-20.08	6.3	112.84
EBIT Margin	15.51%	5.75%	-3.76%	1.03%	15.81%
Effective Tax Rate	4.15%	4.26%	-	-	12.70%
Revenue as Reported	-	631.48	533.48	612.66	713.79
Advertising Expenses	-	1.72	3.97	0.81	0.46

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.