Zbit Semiconductor 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	474.65	371.96	303.63	432.12	573.72
Other Revenue	-	0.33	2.21	1.15	2.13
Revenue	474.65	372.29	305.84	433.28	575.86
Revenue Growth (YoY)	27.50%	21.73%	-29.41%	-24.76%	128.76%
Cost of Revenue	393.4	404.9	361.64	329.99	346.04
Gross Profit	81.25	-32.61	-55.8	103.28	229.82
Selling, General & Admin	56.9	54.02	44.16	42.55	41.4
Research & Development	114.88	101.23	100.46	64.78	47.05
Other Operating Expenses	-10.99	-7.33	-1.72	-8.74	2.77
Operating Expenses	160.8	149.23	144.24	98.93	91.2
Operating Income	-79.55	-181.84	-200.04	4.35	138.61
Interest Expense	-	-0.11	-0.18	-3.88	-0.1
Interest & Investment Income	11.08	15.04	20.04	7.07	2.55
Currency Exchange Gain (Loss)	-	0.07	0.07	5.52	-0.79
Other Non Operating Income (Expenses)	3.76	-0.2	-0.18	-0.1	-0.1
EBT Excluding Unusual Items	-64.71	-167.04	-180.29	12.97	140.17
Gain (Loss) on Sale of Investments	0.7	0.7	1.36	0.57	0.62
Gain (Loss) on Sale of Assets	-	-0.06	-0	-	-0.15
Asset Writedown	-35.41	-	-	-	-
Other Unusual Items	-	5.3	8.48	6.43	12.96
Pretax Income	-99.42	-161.1	-170.46	19.97	153.61
Income Tax Expense	0.07	-0.1	2.18	-1.24	6.05
Net Income	-99.49	-161	-172.64	21.21	147.56
Net Income to Common	-99.49	-161	-172.64	21.21	147.56
Net Income Growth	-	-	-	-85.63%	616.41%
Shares Outstanding (Basic)	82	83	83	68	61
Shares Outstanding (Diluted)	82	83	83	68	61
Shares Change (YoY)	-0.41%	-0.05%	20.76%	12.65%	14.25%
EPS (Basic)	-1.21	-1.95	-2.09	0.31	2.43
EPS (Diluted)	-1.21	-1.95	-2.09	0.31	2.43
EPS Growth	-	-	-	-87.24%	527.04%
Free Cash Flow	97.71	-144.31	-176.06	-463.32	87.43
Free Cash Flow Per Share	1.19	-1.75	-2.13	-6.77	1.44
Gross Margin	17.12%	-8.76%	-18.25%	23.84%	39.91%
Operating Margin	-16.76%	-48.84%	-65.41%	1.00%	24.07%
Profit Margin	-20.96%	-43.25%	-56.45%	4.89%	25.62%
Free Cash Flow Margin	20.59%	-38.76%	-57.57%	-106.93%	15.18%
EBITDA	-66.09	-168.83	-185.35	15.65	144.61
EBITDA Margin	-13.92%	-45.35%	-60.60%	3.61%	25.11%
D&A For EBITDA	13.46	13.01	14.69	11.3	6
EBIT	-79.55	-181.84	-200.04	4.35	138.61
EBIT Margin	-16.76%	-48.84%	-65.41%	1.00%	24.07%
Effective Tax Rate	-	-	-	-	3.94%
Revenue as Reported	-	372.29	305.84	433.28	575.86
Advertising Expenses	-	0.36	0.49	0.5	0.14

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