Suzhou Sepax Technologies 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	402.93	314.12	243.94	211.57	154.5
Other Revenue	-	1.34	1.27	1.2	0.38
Revenue	402.93	315.46	245.21	212.77	154.89
Revenue Growth (YoY)	27.73%	28.65%	15.24%	37.37%	58.58%
Cost of Revenue	-	101.12	78.37	55	46.85
Gross Profit	402.93	214.34	166.84	157.77	108.04
Selling, General & Admin	-	89.65	79.61	76.57	59.47
Research & Development	-	42.88	44.21	40.68	23.52
Other Operating Expenses	257.59	3.98	2.92	2.69	2.73
Operating Expenses	257.59	138.5	127.32	121.22	86.46
Operating Income	145.34	75.84	39.52	36.55	21.58
Interest Expense	-	-1.53	-1.72	-1.75	-2.17
Interest & Investment Income	-	17.14	16.23	16.94	1.91
Currency Exchange Gain (Loss)	-	-0.98	-0.26	-0.71	0.3
Other Non Operating Income (Expenses)	-0.07	-0.42	-0.31	-0.37	0.02
EBT Excluding Unusual Items	145.28	90.04	53.45	50.66	21.64
Gain (Loss) on Sale of Investments	-	-0.09	0.26	-1.15	1.02
Gain (Loss) on Sale of Assets	-	-0.27	-	-	0
Asset Writedown	-	-0.05	-0.17	-0.33	-0.4
Other Unusual Items	-	10.81	7.41	2.09	0.7
Pretax Income	145.28	100.45	60.94	51.28	22.97
Income Tax Expense	18.88	13.98	6.79	3.08	1.35
Earnings From Continuing Operations	126.4	86.47	54.15	48.2	21.62
Minority Interest in Earnings	-	-1.31	-1.67	-1.06	-0.85
Net Income	126.4	85.16	52.49	47.14	20.77
Net Income to Common	126.4	85.16	52.49	47.14	20.77
Net Income Growth	48.42%	62.25%	11.34%	126.92%	142.44%
Shares Outstanding (Basic)	412	366	367	367	311
Shares Outstanding (Diluted)	412	366	367	367	311
Shares Change (YoY)	12.50%	-0.02%	-0.01%	18.05%	-
EPS (Basic)	0.31	0.23	0.14	0.13	0.07
EPS (Diluted)	0.31	0.23	0.14	0.13	0.07
EPS Growth	31.93%	62.29%	11.35%	92.23%	-
Free Cash Flow	-	52.48	24.23	-20.2	-51.32
Free Cash Flow Per Share	-	0.14	0.07	-0.06	-0.17
Dividend Per Share	-	0.041	-	-	-
Gross Margin	100.00%	67.94%	68.04%	74.15%	69.75%
Operating Margin	36.07%	24.04%	16.12%	17.18%	13.93%
Profit Margin	31.37%	27.00%	21.40%	22.16%	13.41%
Free Cash Flow Margin	-	16.63%	9.88%	-9.49%	-33.13%
EBITDA	158.52	89.02	52.43	47.35	30.84
EBITDA Margin	39.34%	28.22%	21.38%	22.25%	19.91%
D&A For EBITDA	13.18	13.18	12.91	10.8	9.26
EBIT	145.34	75.84	39.52	36.55	21.58
EBIT Margin	36.07%	24.04%	16.12%	17.18%	13.93%
Effective Tax Rate	13.00%	13.92%	11.14%	6.00%	5.88%
Revenue as Reported	-	315.46	245.21	212.77	154.89

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