GRG Banking Equipment 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	12,004	10,824	9,015	7,493	6,745
Other Revenue	51.06	42.44	28.64	33.61	36.78
Revenue	12,055	10,866	9,043	7,526	6,782
Revenue Growth (YoY)	10.94%	20.16%	20.15%	10.98%	5.79%
Cost of Revenue	8,681	7,526	5,844	4,708	4,201
Gross Profit	3,374	3,340	3,199	2,818	2,581
Selling, General & Admin	1,358	1,351	1,254	1,137	1,033
Research & Development	905.46	940.52	866.21	718.72	645.65
Other Operating Expenses	-1.42	27.45	6.1	8.01	-3.94
Operating Expenses	2,310	2,335	2,139	1,909	1,680
Operating Income	1,065	1,005	1,060	909.17	900.43
Interest Expense	-71.63	-67.29	-19.72	-21.29	-13.46
Interest & Investment Income	277.01	322.58	340.25	276.83	207.29
Currency Exchange Gain (Loss)	25.9	-32.35	12.75	13.77	-31.79
Other Non Operating Income (Expenses)	-11.88	-7.32	-5.08	-6.76	-4.46
EBT Excluding Unusual Items	1,284	1,221	1,389	1,172	1,058
Impairment of Goodwill	-60.45	-19.3	-28.15	-52.63	-69.19
Gain (Loss) on Sale of Investments	-3.02	4.86	0.41	-	17.7
Gain (Loss) on Sale of Assets	1.53	1.54	3.33	1.04	-0.86
Asset Writedown	-2.11	-0.88	-0.94	-0.89	-
Other Unusual Items	48.77	79.6	75.8	99.66	96.02
Pretax Income	1,269	1,287	1,439	1,219	1,102
Income Tax Expense	160.15	129.79	167.51	118.15	123.06
Earnings From Continuing Operations	1,109	1,157	1,272	1,101	978.61
Minority Interest in Earnings	-247.81	-237.07	-294.63	-271.44	-154.36
Net Income	860.85	919.83	976.92	829.32	824.26
Net Income to Common	860.85	919.83	976.92	829.32	824.26
Net Income Growth	-6.41%	-5.84%	17.80%	0.61%	17.68%
Shares Outstanding (Basic)	2,460	2,486	2,505	2,513	2,498
Shares Outstanding (Diluted)	2,460	2,486	2,505	2,513	2,498
Shares Change (YoY)	-1.06%	-0.76%	-0.33%	0.61%	3.68%
EPS (Basic)	0.35	0.37	0.39	0.33	0.33
EPS (Diluted)	0.35	0.37	0.39	0.33	0.33
EPS Growth	-5.41%	-5.13%	18.18%	-	13.79%
Free Cash Flow	1,362	1,123	1,248	1,435	1,328
Free Cash Flow Per Share	0.55	0.45	0.50	0.57	0.53
Dividend Per Share	0.370	0.200	0.200	0.200	0.150
Dividend Growth	85.00%	-	-	33.33%	-
Gross Margin	27.99%	30.74%	35.38%	37.44%	38.06%
Operating Margin	8.83%	9.25%	11.73%	12.08%	13.28%
Profit Margin	7.14%	8.46%	10.80%	11.02%	12.15%
Free Cash Flow Margin	11.30%	10.33%	13.80%	19.06%	19.59%
EBITDA	1,252	1,224	1,235	1,084	1,062
EBITDA Margin	10.39%	11.27%	13.65%	14.40%	15.66%
D&A For EBITDA	187.58	219.13	174.34	174.41	161.63
EBIT	1,065	1,005	1,060	909.17	900.43
EBIT Margin	8.83%	9.25%	11.73%	12.08%	13.28%
Effective Tax Rate	12.62%	10.09%	11.64%	9.69%	11.17%
Revenue as Reported	12,055	10,866	9,043	7,526	6,782

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