CETC Cyberspace Security Technology Co., Ltd. (SHE:002268)

SHE:002268 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	2,315	2,467	3,072	3,437	2,954	2,383
Other Revenue	0.18	0.15	0.48	0.65	0.52	1
Revenue	2,315	2,467	3,073	3,438	2,955	2,384
Revenue Growth (YoY)	-9.93%	-19.71%	-10.62%	16.35%	23.96%	13.31%
Cost of Revenue	1,333	1,471	1,788	2,241	1,932	1,554
Gross Profit	982.27	995.86	1,284	1,197	1,022	829.96
Selling, General & Admin	514.66	539.93	535.62	512.92	511.2	430.18
Research & Development	328.38	383.73	422.88	377.25	290.77	247.59
Other Operating Expenses	1.04	-4.42	4.42	-5.6	-8.14	-12.42
Operating Expenses	838.09	911.87	984.46	905.63	779.32	700.3
Operating Income	144.18	83.99	299.9	291.49	243.06	129.66
Interest Expense	-1.32	-2.02	-3.49	-1.59	-0.94	-0.09
Interest & Investment Income	32.76	39.28	49.97	42.6	82.07	26.51
Currency Exchange Gain (Loss)	-	-	-	-	0.48	-
Other Non Operating Income (Expenses)	4.94	8.25	7.39	-4.01	-20.32	-6.4
EBT Excluding Unusual Items	180.56	129.5	353.77	328.48	304.35	149.68
Gain (Loss) on Sale of Investments	-	-	-23.7	-	-	-
Gain (Loss) on Sale of Assets	0.25	1.62	0.08	-	-	0.01
Asset Writedown	-4.9	-4.89	-2.37	-24.53	-52.52	0.02
Other Unusual Items	27.08	24.33	23.09	24.14	6.64	17.12
Pretax Income	202.99	150.56	350.87	328.09	258.47	166.84
Income Tax Expense	2.55	-7.67	5.17	20.33	5.78	4.39
Earnings From Continuing Operations	200.44	158.23	345.7	307.76	252.68	162.45
Minority Interest in Earnings	-0.57	-0.08	3.06	-1.13	-1.32	-1.04
Net Income	199.87	158.15	348.76	306.64	251.37	161.41
Net Income to Common	199.87	158.15	348.76	306.64	251.37	161.41
Net Income Growth	69.43%	-54.65%	13.74%	21.99%	55.73%	3.62%
Shares Outstanding (Basic)	846	846	846	846	846	838
Shares Outstanding (Diluted)	846	846	846	846	846	838
Shares Change (YoY)	0.08%	-0.02%	-0.03%	-0.03%	0.94%	0.02%
EPS (Basic)	0.24	0.19	0.41	0.36	0.30	0.19
EPS (Diluted)	0.24	0.19	0.41	0.36	0.30	0.19
EPS Growth	69.30%	-54.64%	13.77%	22.02%	54.29%	3.61%
Free Cash Flow	5.4	-565.75	507.19	242.37	582.31	543.09
Free Cash Flow Per Share	0.01	-0.67	0.60	0.29	0.69	0.65
Dividend Per Share	0.060	0.060	0.060	0.060	0.050	0.020
Dividend Growth	-	-	-	20.00%	150.00%	5.26%
Gross Margin	42.43%	40.36%	41.80%	34.82%	34.60%	34.82%
Operating Margin	6.23%	3.40%	9.76%	8.48%	8.23%	5.44%
Profit Margin	8.63%	6.41%	11.35%	8.92%	8.51%	6.77%
Free Cash Flow Margin	0.23%	-22.93%	16.51%	7.05%	19.71%	22.78%
EBITDA	240.28	183.33	394.55	391.98	345.12	201.27
EBITDA Margin	10.38%	7.43%	12.84%	11.40%	11.68%	8.44%
D&A For EBITDA	96.1	99.34	94.65	100.49	102.07	71.61
EBIT	144.18	83.99	299.9	291.49	243.06	129.66
EBIT Margin	6.23%	3.40%	9.76%	8.48%	8.23%	5.44%
Effective Tax Rate	1.26%	-	1.47%	6.20%	2.24%	2.63%
Revenue as Reported	2,315	2,467	3,073	3,438	2,955	2,384
Advertising Expenses	-	-	-	1.92	1.83	2.68

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