MayAir Technology (China) Co., Ltd. (SHA:688376)

MayAir Technology (China) 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
Revenue	1,767	1,723	1,505	1,227	1,150	902.92
Revenue Growth (YoY)	16.93%	14.45%	22.68%	6.72%	27.33%	13.94%
Cost of Revenue	1,246	1,213	1,103	885.62	840.33	646.96
Gross Profit	520.9	509.42	402.19	341.38	309.38	255.96
Selling, General & Admin	198.79	187.15	146.79	128.93	125.64	113.02
Research & Development	82.01	77.86	70.11	51.7	46.87	25.7
Other Operating Expenses	1.49	-1.25	-5.09	5.4	4.84	4.78
Operating Expenses	310.96	295.28	222.96	204.42	181.22	153.7
Operating Income	209.94	214.14	179.23	136.97	128.17	102.26
Interest Expense	-19.61	-16.39	-9.96	-12.81	-9.92	-11.13
Interest & Investment Income	12.02	15.68	17.72	3.25	0.56	0.75
Currency Exchange Gain (Loss)	-1.07	-1.07	-0.63	1.06	-0.2	0.5
Other Non Operating Income (Expenses)	-0.3	-0.65	-1.46	-0.44	-1.46	-0.6
EBT Excluding Unusual Items	200.97	211.7	184.91	128.03	117.15	91.77
Gain (Loss) on Sale of Investments	-1.36	-	-	-	-0.53	-0.44
Gain (Loss) on Sale of Assets	0.02	-0.5	0.58	6.07	-	0.03
Asset Writedown	0.01	-0	-0.04	-0.01	-0.16	-0.12
Other Unusual Items	25.46	6.68	7.39	4.88	2.31	3.8
Pretax Income	225.1	217.88	192.84	138.97	118.76	95.05
Income Tax Expense	24.3	25.58	19.99	15.02	11.21	12.58
Earnings From Continuing Operations	200.8	192.3	172.85	123.95	107.56	82.47
Minority Interest in Earnings	-2.28	-0.32	0.38	-0.87	0.69	0.26
Net Income	198.52	191.99	173.23	123.07	108.24	82.72
Net Income to Common	198.52	191.99	173.23	123.07	108.24	82.72
Net Income Growth	13.40%	10.83%	40.76%	13.70%	30.85%	16.05%
Shares Outstanding (Basic)	132	134	134	103	101	101
Shares Outstanding (Diluted)	134	134	134	103	101	101
Shares Change (YoY)	-0.53%	-0.02%	29.85%	2.23%	0.36%	0.66%
EPS (Basic)	1.50	1.43	1.29	1.19	1.07	0.82
EPS (Diluted)	1.48	1.43	1.29	1.19	1.07	0.82
EPS Growth	14.01%	10.85%	8.40%	11.21%	30.49%	15.49%
Free Cash Flow	-461.44	-404.11	-239.26	-134.59	55.42	-3.33
Free Cash Flow Per Share	-3.44	-3.01	-1.78	-1.30	0.55	-0.03
Dividend Per Share	0.200	0.200	0.300	0.100	-	-
Dividend Growth	-33.33%	-33.33%	200.00%	-	-	-
Gross Margin	29.48%	29.57%	26.72%	27.82%	26.91%	28.35%
Operating Margin	11.88%	12.43%	11.91%	11.16%	11.15%	11.33%
Profit Margin	11.24%	11.14%	11.51%	10.03%	9.41%	9.16%
Free Cash Flow Margin	-26.12%	-23.46%	-15.90%	-10.97%	4.82%	-0.37%
EBITDA	244.19	245.48	198.94	153.34	142.3	114.18
EBITDA Margin	13.82%	14.25%	13.22%	12.50%	12.38%	12.65%
D&A For EBITDA	34.25	31.34	19.71	16.37	14.13	11.92
EBIT	209.94	214.14	179.23	136.97	128.17	102.26
EBIT Margin	11.88%	12.43%	11.91%	11.16%	11.15%	11.33%
Effective Tax Rate	10.80%	11.74%	10.37%	10.81%	9.44%	13.24%
Revenue as Reported	1,767	1,723	1,505	1,227	1,150	-
Advertising Expenses	-	6.25	5.64	4.92	1.66	2.62

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