Changchai Company 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,476	2,372	2,110	2,146	2,404	2,252
Other Revenue	43.94	43.94	45.32	36.48	48.31	43.99
Revenue	2,520	2,416	2,156	2,182	2,452	2,296
Revenue Growth (YoY)	9.36%	12.07%	-1.21%	-11.03%	6.79%	12.25%
Cost of Revenue	2,273	2,134	1,913	1,965	2,095	1,963
Gross Profit	247.66	281.99	242.77	217.26	357.1	333.95
Selling, General & Admin	180.3	175.89	177.31	220.4	214.15	215.03
Research & Development	85.42	83.4	90.34	81.24	82.39	72.26
Other Operating Expenses	-7.94	-3.96	11.28	13.56	12.76	12.82
Operating Expenses	262.07	253.74	275.97	318.33	360.75	299.23
Operating Income	-14.41	28.25	-33.19	-101.07	-3.66	34.71
Interest Expense	-0.29	-0.34	-1.83	-1.99	-5.91	-7.3
Interest & Investment Income	34.79	42.21	28.11	20.77	17.25	12.01
Currency Exchange Gain (Loss)	6.06	6.06	4.23	10.93	-3.97	-14.49
Other Non Operating Income (Expenses)	-3.82	-0.59	-3.27	0.02	0.19	0.51
EBT Excluding Unusual Items	22.32	75.58	-5.94	-71.34	3.9	25.44
Gain (Loss) on Sale of Investments	-15.48	-65.94	49.82	145.24	104.57	20.98
Gain (Loss) on Sale of Assets	6.2	-0.11	105.72	0.24	0.16	0.23
Asset Writedown	-0.02	-0.02	-	-	-0.02	-0.03
Other Unusual Items	6.41	5.85	2.74	7.56	6.69	7.76
Pretax Income	19.43	15.36	152.34	81.71	115.3	54.38
Income Tax Expense	-3.2	-9.26	37.64	2.46	12.37	2.09
Earnings From Continuing Operations	22.63	24.62	114.7	79.25	102.93	52.29
Minority Interest in Earnings	-6.01	-6.13	-6.2	-2.56	0.07	0.14
Net Income	16.62	18.49	108.5	76.68	103.01	52.43
Net Income to Common	16.62	18.49	108.5	76.68	103.01	52.43
Net Income Growth	-	-82.96%	41.48%	-25.55%	96.45%	110.01%
Shares Outstanding (Basic)	706	706	706	705	622	561
Shares Outstanding (Diluted)	706	706	706	705	622	561
Shares Change (YoY)	0.04%	-0.02%	0.06%	13.48%	10.74%	0.06%
EPS (Basic)	0.02	0.03	0.15	0.11	0.17	0.09
EPS (Diluted)	0.02	0.03	0.15	0.11	0.17	0.09
EPS Growth	-	-82.95%	41.40%	-34.40%	77.41%	109.89%
Free Cash Flow	-69.02	-173.62	40.08	316.49	-406.1	118.06
Free Cash Flow Per Share	-0.10	-0.25	0.06	0.45	-0.65	0.21
Dividend Per Share	0.010	0.010	0.047	0.010	0.026	-
Dividend Growth	-78.72%	-78.72%	370.00%	-61.54%	-	-
Gross Margin	9.83%	11.67%	11.26%	9.96%	14.56%	14.54%
Operating Margin	-0.57%	1.17%	-1.54%	-4.63%	-0.15%	1.51%
Profit Margin	0.66%	0.77%	5.03%	3.51%	4.20%	2.28%
Free Cash Flow Margin	-2.74%	-7.19%	1.86%	14.50%	-16.56%	5.14%
EBITDA	69.68	117.47	62.87	-15.32	77.18	120.46
EBITDA Margin	2.77%	4.86%	2.92%	-0.70%	3.15%	5.24%
D&A For EBITDA	84.09	89.22	96.06	85.75	80.84	85.75
EBIT	-14.41	28.25	-33.19	-101.07	-3.66	34.71
EBIT Margin	-0.57%	1.17%	-1.54%	-4.63%	-0.15%	1.51%
Effective Tax Rate	-	-	24.71%	3.02%	10.73%	3.84%
Revenue as Reported	2,520	2,416	2,156	2,182	2,452	2,296
Advertising Expenses	-	1.49	0.77	-	1.44	6.86

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