Changchai Company 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	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	2,470	2,426	2,372	2,110	2,146	2,404
Other Revenue	50.59	50.59	43.94	45.32	36.48	48.31
Revenue	2,520	2,476	2,416	2,156	2,182	2,452
Revenue Growth (YoY)	1.74%	2.50%	12.07%	-1.21%	-11.03%	6.79%
Cost of Revenue	2,235	2,204	2,134	1,913	1,965	2,095
Gross Profit	285.7	272.56	281.99	242.77	217.26	357.1
Selling, General & Admin	152.75	160.75	175.89	177.31	220.4	214.15
Research & Development	86.67	83.68	83.4	90.34	81.24	82.39
Other Operating Expenses	12.33	6.94	-3.96	11.28	13.56	12.76
Operating Expenses	251.91	251.52	253.74	275.97	318.33	360.75
Operating Income	33.79	21.03	28.25	-33.19	-101.07	-3.66
Interest Expense	-0.59	-0.59	-0.34	-1.83	-1.99	-5.91
Interest & Investment Income	45.42	22.36	42.21	28.11	20.77	17.25
Currency Exchange Gain (Loss)	-6.29	-6.29	6.06	4.23	10.93	-3.97
Other Non Operating Income (Expenses)	-6.08	-0.8	-0.59	-3.27	0.02	0.19
EBT Excluding Unusual Items	66.25	35.71	75.58	-5.94	-71.34	3.9
Gain (Loss) on Sale of Investments	-18.33	-19.94	-65.94	49.82	145.24	104.57
Gain (Loss) on Sale of Assets	36.43	36.19	-0.11	105.72	0.24	0.16
Asset Writedown	-0.02	-	-0.02	-	-	-0.02
Other Unusual Items	14.27	14.27	5.85	2.74	7.56	6.69
Pretax Income	98.61	66.24	15.36	152.34	81.71	115.3
Income Tax Expense	9.37	8.26	-9.26	37.64	2.46	12.37
Earnings From Continuing Operations	89.23	57.97	24.62	114.7	79.25	102.93
Minority Interest in Earnings	-7.74	-7.15	-6.13	-6.2	-2.56	0.07
Net Income	81.5	50.82	18.49	108.5	76.68	103.01
Net Income to Common	81.5	50.82	18.49	108.5	76.68	103.01
Net Income Growth	173.22%	174.86%	-82.96%	41.48%	-25.55%	96.45%
Shares Outstanding (Basic)	706	706	706	706	705	622
Shares Outstanding (Diluted)	706	706	706	706	705	622
Shares Change (YoY)	0.05%	0.02%	-0.02%	0.06%	13.48%	10.74%
EPS (Basic)	0.12	0.07	0.03	0.15	0.11	0.17
EPS (Diluted)	0.12	0.07	0.03	0.15	0.11	0.17
EPS Growth	173.08%	174.81%	-82.95%	41.40%	-34.40%	77.41%
Free Cash Flow	10.91	277.69	-173.62	40.08	316.49	-406.1
Free Cash Flow Per Share	0.01	0.39	-0.25	0.06	0.45	-0.65
Dividend Per Share	0.022	0.022	0.010	0.047	0.010	0.026
Dividend Growth	120.00%	120.00%	-78.72%	370.00%	-61.54%	-
Gross Margin	11.34%	11.01%	11.67%	11.26%	9.96%	14.56%
Operating Margin	1.34%	0.85%	1.17%	-1.54%	-4.63%	-0.15%
Profit Margin	3.23%	2.05%	0.77%	5.03%	3.51%	4.20%
Free Cash Flow Margin	0.43%	11.21%	-7.19%	1.86%	14.50%	-16.56%
EBITDA	114.55	103.87	119.38	62.87	-15.32	77.18
EBITDA Margin	4.54%	4.19%	4.94%	2.92%	-0.70%	3.15%
D&A For EBITDA	80.76	82.83	91.13	96.06	85.75	80.84
EBIT	33.79	21.03	28.25	-33.19	-101.07	-3.66
EBIT Margin	1.34%	0.85%	1.17%	-1.54%	-4.63%	-0.15%
Effective Tax Rate	9.50%	12.47%	-	24.71%	3.02%	10.73%
Revenue as Reported	2,476	2,476	2,416	2,156	2,182	2,452
Advertising Expenses	-	1.4	1.49	0.77	-	1.44

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