Wuhu Sanlian Forging Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,528	1,447	1,154	979.59	861.58
Other Revenue	114.17	114.94	81.96	70.2	67.68
Revenue	1,642	1,562	1,236	1,050	929.26
Revenue Growth (YoY)	5.09%	26.44%	17.71%	12.97%	50.40%
Cost of Revenue	1,365	1,261	985.31	844.53	742.01
Gross Profit	277.2	301.52	250.33	205.25	187.25
Selling, General & Admin	68.65	60.47	52.78	44.69	40.64
Research & Development	105.3	88.32	78.3	55.51	58.1
Other Operating Expenses	-3.29	-9.8	-7.29	3.2	6.13
Operating Expenses	170.87	147.15	130.69	108.41	105.86
Operating Income	106.33	154.37	119.64	96.84	81.39
Interest Expense	-6.94	-2.01	-5.24	-11.46	-9.85
Interest & Investment Income	3.84	4.53	4.56	0.12	0.41
Currency Exchange Gain (Loss)	8.59	1.48	6.11	3.15	-2.01
Other Non Operating Income (Expenses)	-1.29	-0.14	-1.02	-0.29	-0.65
EBT Excluding Unusual Items	110.54	158.24	124.05	88.37	69.29
Gain (Loss) on Sale of Investments	0.13	-	-	-2.45	-2.18
Gain (Loss) on Sale of Assets	-1.31	-0.39	-0.06	1.42	0.86
Asset Writedown	-0.88	-1.01	-2.58	-0.15	-0.57
Other Unusual Items	2.78	2.05	14.28	6.68	11.37
Pretax Income	111.26	158.89	135.68	93.86	78.77
Income Tax Expense	1.49	12.59	10.25	-1.04	2.14
Net Income	109.76	146.3	125.43	94.9	76.64
Net Income to Common	109.76	146.3	125.43	94.9	76.64
Net Income Growth	-24.97%	16.64%	32.17%	23.83%	5.47%
Shares Outstanding (Basic)	224	222	207	166	167
Shares Outstanding (Diluted)	224	222	207	166	167
Shares Change (YoY)	1.06%	7.29%	24.40%	-0.48%	0.79%
EPS (Basic)	0.49	0.66	0.61	0.57	0.46
EPS (Diluted)	0.49	0.66	0.61	0.57	0.46
EPS Growth	-25.76%	8.71%	6.25%	24.43%	4.65%
Free Cash Flow	-250	-418.85	-46.06	25.52	-36.34
Free Cash Flow Per Share	-1.12	-1.89	-0.22	0.15	-0.22
Dividend Per Share	0.155	0.200	0.170	-	-
Dividend Growth	-22.50%	17.72%	-	-	-
Gross Margin	16.88%	19.30%	20.26%	19.55%	20.15%
Operating Margin	6.48%	9.88%	9.68%	9.22%	8.76%
Profit Margin	6.69%	9.36%	10.15%	9.04%	8.25%
Free Cash Flow Margin	-15.23%	-26.81%	-3.73%	2.43%	-3.91%
EBITDA	213.69	232.03	180.17	150.32	123.87
EBITDA Margin	13.02%	14.85%	14.58%	14.32%	13.33%
D&A For EBITDA	107.37	77.66	60.53	53.48	42.48
EBIT	106.33	154.37	119.64	96.84	81.39
EBIT Margin	6.48%	9.88%	9.68%	9.22%	8.76%
Effective Tax Rate	1.34%	7.92%	7.56%	-	2.71%
Revenue as Reported	1,642	1,562	1,236	1,050	929.26

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.