MayAir Technology (China) 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
Revenue	1,926	1,723	1,505	1,227	1,150
Revenue Growth (YoY)	11.79%	14.45%	22.68%	6.72%	27.33%
Cost of Revenue	1,800	1,213	1,103	885.62	840.33
Gross Profit	126	509.42	402.19	341.38	309.38
Selling, General & Admin	-	187.15	146.79	128.93	125.64
Research & Development	-	77.86	70.11	51.7	46.87
Other Operating Expenses	-	-1.25	-5.09	5.4	4.84
Operating Expenses	-	295.28	222.96	204.42	181.22
Operating Income	126	214.14	179.23	136.97	128.17
Interest Expense	-	-16.39	-9.96	-12.81	-9.92
Interest & Investment Income	-	15.68	17.72	3.25	0.56
Currency Exchange Gain (Loss)	-	-1.07	-0.63	1.06	-0.2
Other Non Operating Income (Expenses)	21.9	-0.65	-1.46	-0.44	-1.46
EBT Excluding Unusual Items	147.9	211.7	184.91	128.03	117.15
Gain (Loss) on Sale of Investments	-	-	-	-	-0.53
Gain (Loss) on Sale of Assets	-	-0.5	0.58	6.07	-
Asset Writedown	-	-0	-0.04	-0.01	-0.16
Other Unusual Items	-	6.68	7.39	4.88	2.31
Pretax Income	147.9	217.88	192.84	138.97	118.76
Income Tax Expense	31.54	25.58	19.99	15.02	11.21
Earnings From Continuing Operations	116.36	192.3	172.85	123.95	107.56
Minority Interest in Earnings	-	-0.32	0.38	-0.87	0.69
Net Income	116.36	191.99	173.23	123.07	108.24
Net Income to Common	116.36	191.99	173.23	123.07	108.24
Net Income Growth	-39.39%	10.83%	40.76%	13.70%	30.85%
Shares Outstanding (Basic)	135	134	134	103	101
Shares Outstanding (Diluted)	135	134	134	103	101
Shares Change (YoY)	0.78%	-0.02%	29.85%	2.23%	0.36%
EPS (Basic)	0.86	1.43	1.29	1.19	1.07
EPS (Diluted)	0.86	1.43	1.29	1.19	1.07
EPS Growth	-39.86%	10.85%	8.40%	11.21%	30.49%
Free Cash Flow	-	-404.11	-239.26	-134.59	55.42
Free Cash Flow Per Share	-	-3.01	-1.78	-1.30	0.55
Dividend Per Share	-	0.200	0.300	0.100	-
Dividend Growth	-	-33.33%	200.00%	-	-
Gross Margin	6.54%	29.57%	26.72%	27.82%	26.91%
Operating Margin	6.54%	12.43%	11.91%	11.16%	11.15%
Profit Margin	6.04%	11.14%	11.51%	10.03%	9.41%
Free Cash Flow Margin	-	-23.46%	-15.90%	-10.97%	4.82%
EBITDA	157.34	245.48	198.94	153.34	142.3
EBITDA Margin	8.17%	14.25%	13.22%	12.50%	12.38%
D&A For EBITDA	31.34	31.34	19.71	16.37	14.13
EBIT	126	214.14	179.23	136.97	128.17
EBIT Margin	6.54%	12.43%	11.91%	11.16%	11.15%
Effective Tax Rate	21.33%	11.74%	10.37%	10.81%	9.44%
Revenue as Reported	-	1,723	1,505	1,227	1,150
Advertising Expenses	-	6.25	5.64	4.92	1.66

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