Wintech Nano (Suzhou) Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	506.89	415.09	393.63	286.88	167.53	120.32
Other Revenue	0.18	0.18	0.36	0.33	0.04	0.16
Revenue	507.08	415.27	393.98	287.21	167.58	120.48
Revenue Growth (YoY)	28.71%	5.40%	37.18%	71.39%	39.09%	-
Cost of Revenue	285.67	220.85	180.13	132.58	76.4	55.66
Gross Profit	221.41	194.42	213.86	154.63	91.17	64.83
Selling, General & Admin	86.77	62.8	62.63	52.86	41.37	34.82
Research & Development	54.18	45.8	42.56	36.22	22.54	13.09
Other Operating Expenses	-10.77	-7.69	-13.35	0.34	0.12	0.07
Operating Expenses	132.1	102.37	92.01	91.26	65.03	48.99
Operating Income	89.31	92.05	121.85	63.37	26.15	15.83
Interest Expense	-15.63	-12.19	-15.41	-11.45	-6.62	-2.52
Interest & Investment Income	1.67	1.84	5.95	7.69	1.61	0.89
Currency Exchange Gain (Loss)	-2	-2	-0.66	-6.06	1.69	0.74
Other Non Operating Income (Expenses)	1.32	0.54	0.71	0.54	-0.11	-1.22
EBT Excluding Unusual Items	74.67	80.24	112.45	54.1	22.72	13.72
Gain (Loss) on Sale of Investments	-0.52	0.16	-1.73	1.73	0.17	-0.01
Gain (Loss) on Sale of Assets	-0.79	-0.42	0.59	-0.1	-	-0.07
Asset Writedown	-0.19	-0.09	-	-0.02	-0	-0.01
Other Unusual Items	9.8	9.8	-0.85	8.05	4	7.09
Pretax Income	82.97	89.69	110.46	63.76	26.89	20.71
Income Tax Expense	-0.17	8.51	11.92	-1.83	-0.61	1.82
Net Income	83.14	81.18	98.54	65.59	27.5	18.89
Net Income to Common	83.14	81.18	98.54	65.59	27.5	18.89
Net Income Growth	-15.63%	-17.61%	50.24%	138.47%	45.60%	-
Shares Outstanding (Basic)	373	363	365	364	344	-
Shares Outstanding (Diluted)	373	363	365	364	344	-
Shares Change (YoY)	2.14%	-0.54%	0.16%	5.98%	-	-
EPS (Basic)	0.22	0.22	0.27	0.18	0.08	-
EPS (Diluted)	0.22	0.22	0.27	0.18	0.08	-
EPS Growth	-18.71%	-18.52%	50.00%	125.00%	-	-
Free Cash Flow	-168.27	-171.15	-96.23	-142.02	-135	-36.9
Free Cash Flow Per Share	-0.45	-0.47	-0.26	-0.39	-0.39	-
Dividend Per Share	0.199	0.149	-	-	-	-
Gross Margin	43.66%	46.82%	54.28%	53.84%	54.41%	53.81%
Operating Margin	17.61%	22.17%	30.93%	22.06%	15.60%	13.14%
Profit Margin	16.40%	19.55%	25.01%	22.84%	16.41%	15.68%
Free Cash Flow Margin	-33.18%	-41.21%	-24.43%	-49.45%	-80.56%	-30.63%
EBITDA	192.98	181.2	191.65	109.57	44.49	31.81
EBITDA Margin	38.06%	43.64%	48.64%	38.15%	26.55%	26.40%
D&A For EBITDA	103.67	89.16	69.8	46.2	18.35	15.97
EBIT	89.31	92.05	121.85	63.37	26.15	15.83
EBIT Margin	17.61%	22.17%	30.93%	22.06%	15.60%	13.14%
Effective Tax Rate	-	9.49%	10.79%	-	-	8.80%
Advertising Expenses	-	1.3	1.45	0.9	0.75	0.33

Source: S&P Global Market Intelligence. Standard template. Financial Sources.