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	Jun '26 Jun 30, 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	2,534	2,426	2,372	2,110	2,146	2,404
Other Revenue	51.21	50.59	43.94	45.32	36.48	48.31
Revenue	2,585	2,476	2,416	2,156	2,182	2,452
Revenue Growth	4.18%	2.50%	12.07%	-1.21%	-11.03%	6.79%
Cost of Revenue	2,264	2,204	2,134	1,913	1,965	2,095
Gross Profit	321.31	272.56	281.99	242.77	217.26	357.1
Selling, General & Admin	158.66	160.75	175.89	177.31	220.4	214.15
Research & Development	91.81	83.68	83.4	90.34	81.24	82.39
Other Operating Expenses	11.67	6.94	-3.96	11.28	13.56	12.76
Operating Expenses	262.4	251.52	253.74	275.97	318.33	360.75
Operating Income	58.91	21.03	28.25	-33.19	-101.07	-3.66
Interest Expense	-0.76	-0.59	-0.34	-1.83	-1.99	-5.91
Interest & Investment Income	43.89	22.36	42.21	28.11	20.77	17.25
Currency Exchange Gain (Loss)	-16.18	-6.29	6.06	4.23	10.93	-3.97
Other Non Operating Income (Expenses)	-1.21	-0.8	-0.59	-3.27	0.02	0.19
EBT Excluding Unusual Items	84.64	35.71	75.58	-5.94	-71.34	3.9
Gain (Loss) on Sale of Investments	-32.15	-19.94	-65.94	49.82	145.24	104.57
Gain (Loss) on Sale of Assets	33.67	36.19	-0.11	105.72	0.24	0.16
Asset Writedown	-	-	-0.02	-	-	-0.02
Other Unusual Items	14.33	14.27	5.85	2.74	7.56	6.69
Pretax Income	100.48	66.24	15.36	152.34	81.71	115.3
Income Tax Expense	9.58	8.26	-9.26	37.64	2.46	12.37
Earnings From Continuing Operations	90.9	57.97	24.62	114.7	79.25	102.93
Minority Interest in Earnings	-8.44	-7.15	-6.13	-6.2	-2.56	0.07
Net Income	82.46	50.82	18.49	108.5	76.68	103.01
Net Income to Common	82.46	50.82	18.49	108.5	76.68	103.01
Net Income Growth	97.20%	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	-0.04%	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	97.27%	174.81%	-82.95%	41.40%	-34.40%	77.41%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	217.47	277.69	-173.62	40.08	316.49	-406.1
Free Cash Flow Per Share	0.31	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	12.43%	11.01%	11.67%	11.26%	9.96%	14.56%
Operating Margin	2.28%	0.85%	1.17%	-1.54%	-4.63%	-0.15%
Profit Margin	3.19%	2.05%	0.77%	5.03%	3.51%	4.20%
Free Cash Flow Margin	8.41%	11.21%	-7.19%	1.86%	14.50%	-16.56%
EBITDA	138.01	103.87	119.38	62.87	-15.32	77.18
EBITDA Margin	5.34%	4.19%	4.94%	2.92%	-0.70%	3.15%
D&A For EBITDA	79.11	82.83	91.13	96.06	85.75	80.84
EBIT	58.91	21.03	28.25	-33.19	-101.07	-3.66
EBIT Margin	2.28%	0.85%	1.17%	-1.54%	-4.63%	-0.15%
Effective Tax Rate	9.54%	12.47%	-	24.71%	3.02%	10.73%
Revenue as Reported	2,585	2,476	2,416	2,156	2,182	2,452
Advertising Expenses	-	1.4	1.49	0.77	-	1.44