SBT Ultrasonic Technology Co., Ltd. (SHA:688392)

SBT Ultrasonic Technology 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	695.85	583.5	524.79	522.37	369.83	263.64
Other Revenue	1.06	1.06	0.4	0.12	0.81	0.91
Revenue	696.91	584.55	525.19	522.49	370.63	264.55
Revenue Growth (YoY)	45.81%	11.30%	0.52%	40.97%	40.10%	97.00%
Cost of Revenue	261.81	278.38	262.19	259.02	193.9	106.8
Gross Profit	435.1	306.17	263	263.47	176.74	157.75
Selling, General & Admin	151.2	141.54	120.14	98.13	49.65	34.41
Research & Development	138.77	126.57	117.43	74.53	45.78	32.83
Other Operating Expenses	-2.26	2.03	0.96	2.04	3.71	2.5
Operating Expenses	298.01	280.34	245.76	178.15	102.6	71.29
Operating Income	137.09	25.83	17.24	85.32	74.14	86.46
Interest Expense	-6.33	-7.32	-6.5	-3.15	-1.46	-0.49
Interest & Investment Income	25.32	50.05	39.51	7.59	1.69	4.84
Currency Exchange Gain (Loss)	0.04	0.04	0.33	0.19	0.45	0.23
Other Non Operating Income (Expenses)	-0.34	-0.36	-0.31	-0.58	-1.16	3.1
EBT Excluding Unusual Items	155.78	68.23	50.27	89.38	73.65	94.14
Gain (Loss) on Sale of Investments	-2.74	1.79	1.68	1.19	0.87	0.05
Gain (Loss) on Sale of Assets	0.05	-0.75	-0.1	0	-0	0.02
Asset Writedown	1.64	0.04	0.24	-0.2	0.04	-0.12
Other Unusual Items	18.05	18.57	19.88	28.27	7.08	5.56
Pretax Income	172.77	87.88	71.97	118.64	81.64	99.65
Income Tax Expense	20.87	3.01	7.47	8.95	8.81	12.41
Earnings From Continuing Operations	151.9	84.87	64.5	109.7	72.83	87.23
Minority Interest in Earnings	7.55	1	2.05	1.15	-3.58	2.06
Net Income	159.45	85.87	66.54	110.85	69.25	89.29
Net Income to Common	159.45	85.87	66.54	110.85	69.25	89.29
Net Income Growth	1328.62%	29.04%	-39.97%	60.07%	-22.44%	828.30%
Shares Outstanding (Basic)	112	113	115	100	80	74
Shares Outstanding (Diluted)	112	113	115	100	80	74
Shares Change (YoY)	-1.78%	-1.52%	14.89%	24.63%	8.23%	-
EPS (Basic)	1.43	0.76	0.58	1.11	0.86	1.21
EPS (Diluted)	1.43	0.76	0.58	1.11	0.86	1.21
EPS Growth	1354.55%	31.03%	-47.75%	28.43%	-28.34%	-
Free Cash Flow	-86.11	-188.79	-24.3	-30.22	-43.71	107.87
Free Cash Flow Per Share	-0.77	-1.67	-0.21	-0.30	-0.55	1.46
Dividend Per Share	0.550	0.350	0.200	0.714	-	-
Dividend Growth	175.00%	75.00%	-72.00%	-	-	-
Gross Margin	62.43%	52.38%	50.08%	50.43%	47.69%	59.63%
Operating Margin	19.67%	4.42%	3.28%	16.33%	20.00%	32.68%
Profit Margin	22.88%	14.69%	12.67%	21.21%	18.68%	33.75%
Free Cash Flow Margin	-12.36%	-32.30%	-4.63%	-5.78%	-11.79%	40.77%
EBITDA	148.26	35.92	25.88	90.42	77.22	88.94
EBITDA Margin	21.27%	6.14%	4.93%	17.30%	20.84%	33.62%
D&A For EBITDA	11.17	10.09	8.64	5.1	3.09	2.48
EBIT	137.09	25.83	17.24	85.32	74.14	86.46
EBIT Margin	19.67%	4.42%	3.28%	16.33%	20.00%	32.68%
Effective Tax Rate	12.08%	3.42%	10.38%	7.54%	10.79%	12.46%
Revenue as Reported	696.91	584.55	525.19	522.49	370.63	264.55
Advertising Expenses	-	2.02	0.54	0.63	0.35	0.49

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.