Skyworth Digital 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	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	9,481	8,785	8,665	10,594	11,947	10,762
Other Revenue	23.66	23.66	28.44	33.3	61.26	84.2
Revenue	9,504	8,809	8,693	10,627	12,009	10,847
Revenue Growth (YoY)	15.79%	1.33%	-18.20%	-11.50%	10.71%	27.49%
Cost of Revenue	8,282	7,737	7,495	8,960	9,921	9,120
Gross Profit	1,223	1,072	1,198	1,667	2,088	1,726
Selling, General & Admin	726.88	694.32	633.63	646.51	819.44	742.86
Research & Development	497.7	483.04	512.55	601.84	620.77	539.08
Other Operating Expenses	-58.97	-53.99	-61.84	-67.63	-35.08	-35.93
Operating Expenses	1,153	1,115	1,004	1,195	1,365	1,522
Operating Income	70.1	-43.07	194.48	472.04	722.06	204.06
Interest Expense	-33.07	-29.82	-36.96	-14.65	-53.36	-64.87
Interest & Investment Income	239.17	244.57	105.83	126.7	129.57	194.06
Currency Exchange Gain (Loss)	17.32	17.32	-3.44	27.69	0.37	-17.63
Other Non Operating Income (Expenses)	-1.67	-3.16	8.68	-4.85	-5.58	-6.05
EBT Excluding Unusual Items	291.85	185.83	268.59	606.92	793.05	309.57
Impairment of Goodwill	-	-	-13.47	-	-	-
Gain (Loss) on Sale of Investments	1.24	-1.88	-19.82	-29.06	-0.43	9.51
Gain (Loss) on Sale of Assets	-5.19	-5.11	-0.73	6.49	-0.7	0.32
Asset Writedown	-54.02	-32.83	-42.45	-0.11	-0.61	-0.93
Legal Settlements	-	-	-	-	-12.46	-
Other Unusual Items	24.25	22.22	44.27	42.34	105.01	86.97
Pretax Income	258.13	168.24	236.4	626.58	883.87	405.44
Income Tax Expense	11.68	-2.75	0.97	35.39	78.02	-9.38
Earnings From Continuing Operations	246.45	170.99	235.42	591.19	805.85	414.82
Minority Interest in Earnings	10.97	8.87	15.37	10.88	17.19	6.97
Net Income	257.42	179.86	250.8	602.07	823.04	421.78
Net Income to Common	257.42	179.86	250.8	602.07	823.04	421.78
Net Income Growth	71.69%	-28.28%	-58.34%	-26.85%	95.13%	9.93%
Shares Outstanding (Basic)	1,143	1,141	1,142	1,142	1,102	1,063
Shares Outstanding (Diluted)	1,145	1,142	1,142	1,142	1,102	1,063
Shares Change (YoY)	0.47%	0.04%	-0.00%	3.56%	3.68%	-0.24%
EPS (Basic)	0.23	0.16	0.22	0.53	0.75	0.40
EPS (Diluted)	0.22	0.16	0.22	0.53	0.75	0.40
EPS Growth	70.89%	-28.31%	-58.34%	-29.36%	88.20%	10.19%
Free Cash Flow	-2,183	-614.27	-114.01	-8.39	1,416	-76.68
Free Cash Flow Per Share	-1.91	-0.54	-0.10	-0.01	1.28	-0.07
Dividend Per Share	0.080	0.080	0.130	0.150	0.200	0.100
Dividend Growth	-38.46%	-38.46%	-13.33%	-25.00%	100.00%	-
Gross Margin	12.86%	12.17%	13.79%	15.69%	17.38%	15.92%
Operating Margin	0.74%	-0.49%	2.24%	4.44%	6.01%	1.88%
Profit Margin	2.71%	2.04%	2.89%	5.67%	6.85%	3.89%
Free Cash Flow Margin	-22.97%	-6.97%	-1.31%	-0.08%	11.79%	-0.71%
EBITDA	190.95	75.9	305.93	594.94	860.35	339.16
EBITDA Margin	2.01%	0.86%	3.52%	5.60%	7.16%	3.13%
D&A For EBITDA	120.85	118.97	111.45	122.91	138.29	135.1
EBIT	70.1	-43.07	194.48	472.04	722.06	204.06
EBIT Margin	0.74%	-0.49%	2.24%	4.44%	6.01%	1.88%
Effective Tax Rate	4.52%	-	0.41%	5.65%	8.83%	-
Revenue as Reported	9,504	8,809	8,693	10,627	12,009	-
Advertising Expenses	-	-	-	-	11.1	5.16

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