Changhong Meiling Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	30,095	30,133	28,335	24,129	20,038	17,332
Other Revenue	275.27	275.27	265.68	249.02	177.59	701.31
Revenue	30,371	30,408	28,601	24,378	20,215	18,033
Revenue Growth (YoY)	1.19%	6.32%	17.32%	20.59%	12.10%	17.19%
Cost of Revenue	27,444	27,307	25,509	21,171	17,482	15,919
Gross Profit	2,927	3,101	3,092	3,207	2,733	2,114
Selling, General & Admin	1,957	2,018	1,837	1,796	1,787	1,698
Research & Development	738.43	727.97	637.24	597.53	560.38	465.89
Other Operating Expenses	67.96	50.39	11.8	133.75	142.82	123.1
Operating Expenses	2,755	2,788	2,471	2,609	2,654	2,316
Operating Income	171.55	312.73	621.08	598.28	79.38	-202.77
Interest Expense	-34.33	-34.33	-24.54	-32.08	-32.6	-71.23
Interest & Investment Income	212.01	186.3	218.12	201.03	192.05	268.99
Currency Exchange Gain (Loss)	-96.67	-96.67	-0.67	-54.13	-88.35	-3.78
Other Non Operating Income (Expenses)	25.08	3.75	14.59	13.44	15.27	-6.84
EBT Excluding Unusual Items	277.64	371.77	828.59	726.55	165.75	-15.63
Gain (Loss) on Sale of Investments	62.38	110.67	-90.28	7.29	24.14	-3.13
Gain (Loss) on Sale of Assets	-8.36	-8.36	-4.18	1.88	27.6	-0.13
Asset Writedown	-5.48	-17.48	-15.69	-23.42	-19.91	-9.48
Other Unusual Items	90.81	90.81	95.13	92.11	89.08	117.9
Pretax Income	416.99	547.42	813.58	804.42	286.66	89.52
Income Tax Expense	99.01	117.58	88.91	36.42	9.57	2.42
Earnings From Continuing Operations	317.98	429.84	724.67	767.99	277.1	87.09
Minority Interest in Earnings	-18.99	-19.43	-25.4	-32.16	-32.56	-35.19
Net Income	298.99	410.41	699.27	735.83	244.54	51.9
Net Income to Common	298.99	410.41	699.27	735.83	244.54	51.9
Net Income Growth	-58.79%	-41.31%	-4.97%	200.90%	371.19%	-
Shares Outstanding (Basic)	1,024	1,027	1,030	1,030	1,034	1,044
Shares Outstanding (Diluted)	1,024	1,027	1,030	1,030	1,034	1,044
Shares Change (YoY)	-0.60%	-0.27%	-0.01%	-0.34%	-1.02%	-0.05%
EPS (Basic)	0.29	0.40	0.68	0.71	0.24	0.05
EPS (Diluted)	0.29	0.40	0.68	0.71	0.24	0.05
EPS Growth	-58.54%	-41.15%	-4.96%	201.94%	376.06%	-
Free Cash Flow	876.55	433.91	3,645	1,801	1,189	-101.4
Free Cash Flow Per Share	0.86	0.42	3.54	1.75	1.15	-0.10
Dividend Per Share	0.210	0.210	0.330	0.300	0.090	0.050
Dividend Growth	-36.36%	-36.36%	10.00%	233.33%	80.00%	-
Gross Margin	9.64%	10.20%	10.81%	13.16%	13.52%	11.72%
Operating Margin	0.56%	1.03%	2.17%	2.45%	0.39%	-1.12%
Profit Margin	0.98%	1.35%	2.44%	3.02%	1.21%	0.29%
Free Cash Flow Margin	2.89%	1.43%	12.75%	7.39%	5.88%	-0.56%
EBITDA	596.78	735.77	1,035	996.21	454.39	166.12
EBITDA Margin	1.97%	2.42%	3.62%	4.09%	2.25%	0.92%
D&A For EBITDA	425.22	423.05	414.33	397.93	375.01	368.89
EBIT	171.55	312.73	621.08	598.28	79.38	-202.77
EBIT Margin	0.56%	1.03%	2.17%	2.45%	0.39%	-1.12%
Effective Tax Rate	23.74%	21.48%	10.93%	4.53%	3.34%	2.71%
Revenue as Reported	30,408	30,408	28,601	24,378	20,215	18,033
Advertising Expenses	-	-	-	-	2.98	3.01

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