Norsyn Crop Technology 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	Jan '22 Jan 1, 2022
Operating Revenue	767.3	764.83	642.05	602.34	626.29	541.37
Other Revenue	5.03	5.03	7.22	3.36	7.57	2.9
Revenue	772.32	769.86	649.27	605.7	633.86	544.28
Revenue Growth (YoY)	9.16%	18.57%	7.19%	-4.44%	16.46%	13.48%
Cost of Revenue	561.9	556.05	436.52	410.82	422.52	354.58
Gross Profit	210.42	213.81	212.75	194.88	211.34	189.69
Selling, General & Admin	107.1	110.37	112.7	107.99	93.05	81.86
Research & Development	32.09	33.08	40.61	39.64	29.79	17.71
Other Operating Expenses	0.74	0.77	1.82	0.78	1.71	1.88
Operating Expenses	139.85	144.8	156.16	148.79	124.31	101.43
Operating Income	70.57	69.01	56.59	46.09	87.04	88.26
Interest Expense	-4.02	-3.94	-1.64	-1.77	-0.68	-0.84
Interest & Investment Income	6.42	7.05	11.47	10.14	5.66	3.64
Currency Exchange Gain (Loss)	-0.29	-0.29	0.11	0.01	0.12	-0.11
Other Non Operating Income (Expenses)	-0.33	-0.24	-0.19	-0.34	-0.37	-0.72
EBT Excluding Unusual Items	72.36	71.6	66.34	54.13	91.77	90.24
Gain (Loss) on Sale of Investments	2.43	2.36	0.57	-	-	-
Gain (Loss) on Sale of Assets	-0.07	-0.09	0.02	-	-0.04	0.04
Asset Writedown	0.48	-0.14	-0.84	-0.23	-0.58	-0.32
Other Unusual Items	1.6	1.51	1.27	4.41	16.22	5.18
Pretax Income	76.8	75.24	67.37	58.3	107.36	95.14
Income Tax Expense	13.2	12.75	10.96	9.38	15.13	13.51
Earnings From Continuing Operations	63.6	62.49	56.41	48.92	92.23	81.63
Minority Interest in Earnings	3.97	4.14	3.52	3.39	1.52	0.89
Net Income	67.58	66.63	59.92	52.31	93.76	82.51
Net Income to Common	67.58	66.63	59.92	52.31	93.76	82.51
Net Income Growth	7.10%	11.20%	14.56%	-44.21%	13.62%	21.11%
Shares Outstanding (Basic)	98	98	100	101	83	75
Shares Outstanding (Diluted)	98	98	100	101	83	75
Shares Change (YoY)	-0.76%	-1.89%	-0.72%	21.24%	10.61%	0.02%
EPS (Basic)	0.69	0.68	0.60	0.52	1.13	1.10
EPS (Diluted)	0.69	0.68	0.60	0.52	1.13	1.10
EPS Growth	7.92%	13.33%	15.38%	-53.98%	2.73%	21.08%
Free Cash Flow	40.13	28.85	12.96	28.83	-116.55	5.06
Free Cash Flow Per Share	0.41	0.29	0.13	0.29	-1.41	0.07
Dividend Per Share	0.150	0.150	0.200	0.080	0.200	-
Dividend Growth	-25.00%	-25.00%	150.00%	-60.00%	-	-
Gross Margin	27.25%	27.77%	32.77%	32.17%	33.34%	34.85%
Operating Margin	9.14%	8.96%	8.72%	7.61%	13.73%	16.22%
Profit Margin	8.75%	8.65%	9.23%	8.64%	14.79%	15.16%
Free Cash Flow Margin	5.20%	3.75%	2.00%	4.76%	-18.39%	0.93%
EBITDA	107	101.68	74.22	62.2	97.18	97.92
EBITDA Margin	13.86%	13.21%	11.43%	10.27%	15.33%	17.99%
D&A For EBITDA	36.43	32.67	17.63	16.11	10.14	9.66
EBIT	70.57	69.01	56.59	46.09	87.04	88.26
EBIT Margin	9.14%	8.96%	8.72%	7.61%	13.73%	16.22%
Effective Tax Rate	17.18%	16.94%	16.27%	16.09%	14.09%	14.20%
Revenue as Reported	772.32	769.86	649.27	605.7	633.86	544.28
Advertising Expenses	-	1.33	1.45	1.66	1.12	1.13

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