Jiangsu Azure Corporation (SHE:002245)

Jiangsu Azure Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	7,101	6,125	4,677	5,753	6,090	4,234
Other Revenue	630.81	630.81	545.3	532.46	590.98	15.96
Revenue	7,732	6,756	5,222	6,285	6,680	4,250
Revenue Growth (YoY)	21.49%	29.38%	-16.92%	-5.92%	57.20%	20.76%
Cost of Revenue	6,214	5,593	4,599	5,400	5,348	3,582
Gross Profit	1,518	1,163	623.27	885.57	1,332	667.33
Selling, General & Admin	190.13	176.17	173.11	156.61	184.09	182.01
Research & Development	398.86	415.63	313.54	371.85	340.11	157.39
Other Operating Expenses	12.76	-16.39	8.42	20.12	18.92	12.54
Operating Expenses	616.65	583.89	496.99	544.06	558.01	304.48
Operating Income	901.47	579.11	126.28	341.51	774.14	362.84
Interest Expense	-31.66	-42	-51.64	-70.25	-82.08	-102.72
Interest & Investment Income	33.59	43.19	81.03	46.06	33.33	10.1
Currency Exchange Gain (Loss)	13	13	2.75	43.25	-3.86	-13.04
Other Non Operating Income (Expenses)	-8.21	-1.69	-1.46	-3.2	-0.42	-1.74
EBT Excluding Unusual Items	908.19	591.62	156.96	357.38	721.1	255.45
Gain (Loss) on Sale of Investments	-20.82	-1.28	-1.31	-1.02	0.81	-2.85
Gain (Loss) on Sale of Assets	-29.18	-7.06	-3.39	-2.64	-109.11	-14.28
Asset Writedown	-18.96	-23.07	-5.98	-3.32	-12.68	-2.78
Other Unusual Items	75.27	75.27	27.37	98.45	217.66	119.49
Pretax Income	914.5	635.48	173.66	451.61	837.08	356.6
Income Tax Expense	131.62	91.9	-26.2	44.89	127.37	75.6
Earnings From Continuing Operations	782.88	543.57	199.86	406.72	709.71	281
Minority Interest in Earnings	-63.77	-55.73	-59.04	-28.37	-39.59	-3.05
Net Income	719.11	487.84	140.82	378.34	670.12	277.95
Net Income to Common	719.11	487.84	140.82	378.34	670.12	277.95
Net Income Growth	125.07%	246.43%	-62.78%	-43.54%	141.09%	136.33%
Shares Outstanding (Basic)	1,153	1,152	1,152	1,094	1,030	981
Shares Outstanding (Diluted)	1,155	1,152	1,152	1,094	1,030	981
Shares Change (YoY)	0.29%	-	5.35%	6.23%	4.91%	0.06%
EPS (Basic)	0.62	0.42	0.12	0.35	0.65	0.28
EPS (Diluted)	0.62	0.42	0.12	0.35	0.65	0.28
EPS Growth	124.41%	246.40%	-64.67%	-46.85%	129.80%	136.20%
Free Cash Flow	888.79	345.54	191.23	-334.05	-98.54	189.86
Free Cash Flow Per Share	0.77	0.30	0.17	-0.30	-0.10	0.19
Dividend Per Share	0.065	0.065	0.015	0.035	0.070	0.030
Dividend Growth	333.33%	333.33%	-57.14%	-50.00%	133.33%	100.00%
Gross Margin	19.63%	17.21%	11.94%	14.09%	19.94%	15.70%
Operating Margin	11.66%	8.57%	2.42%	5.43%	11.59%	8.54%
Profit Margin	9.30%	7.22%	2.70%	6.02%	10.03%	6.54%
Free Cash Flow Margin	11.49%	5.11%	3.66%	-5.32%	-1.47%	4.47%
EBITDA	1,352	973.73	445.69	640.33	1,077	651.08
EBITDA Margin	17.49%	14.41%	8.54%	10.19%	16.13%	15.32%
D&A For EBITDA	451.02	394.62	319.41	298.82	303.2	288.24
EBIT	901.47	579.11	126.28	341.51	774.14	362.84
EBIT Margin	11.66%	8.57%	2.42%	5.43%	11.59%	8.54%
Effective Tax Rate	14.39%	14.46%	-	9.94%	15.22%	21.20%
Revenue as Reported	7,732	6,756	5,222	6,285	6,680	4,250

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.