Shenzhen MTC Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	17,894	20,161	17,107	14,986	22,453	20,126
Other Revenue	165.78	165.78	60.09	42	85.39	59.82
Revenue	18,059	20,326	17,167	15,028	22,538	20,186
Revenue Growth (YoY)	-12.51%	18.40%	14.23%	-33.32%	11.65%	51.71%
Cost of Revenue	15,228	17,064	14,261	12,724	19,114	17,241
Gross Profit	2,831	3,262	2,906	2,305	3,425	2,945
Selling, General & Admin	565.45	532.16	523.06	554.98	583.04	573.83
Research & Development	977.61	912.14	703.64	629.65	555.18	471.97
Other Operating Expenses	-282.91	-234.58	-128.59	-51.22	-97.3	-176.56
Operating Expenses	1,270	1,246	1,169	1,118	2,906	951.51
Operating Income	1,561	2,016	1,737	1,187	518.91	1,993
Interest Expense	-178.46	-175.66	-168.54	-191.54	-211.48	-125.33
Interest & Investment Income	62.19	97.67	94.95	41.26	137.7	71.1
Currency Exchange Gain (Loss)	64.33	64.33	24.05	78.78	-5.54	-55.35
Other Non Operating Income (Expenses)	6.9	-11.21	-11.17	-16.75	-19.45	-20.55
EBT Excluding Unusual Items	1,516	1,991	1,676	1,099	420.14	1,863
Impairment of Goodwill	-16.7	-16.7	-31.06	-71.77	-91.63	-97.85
Gain (Loss) on Sale of Investments	-35.17	-30.07	6.07	24.87	13.4	36.27
Gain (Loss) on Sale of Assets	-0.7	-4.74	-1.57	-0.12	-0.11	-0.19
Asset Writedown	-1.48	-7.41	-5.11	-3.57	-7.34	-3.96
Other Unusual Items	60.95	60.95	65	145.53	212.58	97.7
Pretax Income	1,523	1,993	1,710	1,194	547.05	1,895
Income Tax Expense	145.41	261.79	60.41	26.69	143.05	130.73
Earnings From Continuing Operations	1,377	1,731	1,649	1,167	404	1,764
Minority Interest in Earnings	-147.27	-128.92	-60.98	-21.21	-71	-0.94
Net Income	1,230	1,602	1,588	1,146	333	1,763
Net Income to Common	1,230	1,602	1,588	1,146	333	1,763
Net Income Growth	-27.18%	0.89%	38.61%	244.13%	-81.12%	57.51%
Shares Outstanding (Basic)	4,578	4,579	4,538	4,584	4,757	4,522
Shares Outstanding (Diluted)	4,578	4,579	4,538	4,584	4,757	4,522
Shares Change (YoY)	0.85%	0.89%	-0.99%	-3.64%	5.21%	0.97%
EPS (Basic)	0.27	0.35	0.35	0.25	0.07	0.39
EPS (Diluted)	0.27	0.35	0.35	0.25	0.07	0.39
EPS Growth	-27.79%	-	40.00%	257.14%	-82.05%	56.00%
Free Cash Flow	2,058	-31.25	1,569	2,993	67.3	-2,095
Free Cash Flow Per Share	0.45	-0.01	0.35	0.65	0.01	-0.46
Dividend Per Share	0.107	0.107	0.106	0.076	-	-
Dividend Growth	0.94%	0.94%	39.47%	-	-	-
Gross Margin	15.68%	16.05%	16.93%	15.34%	15.19%	14.59%
Operating Margin	8.64%	9.92%	10.12%	7.90%	2.30%	9.87%
Profit Margin	6.81%	7.88%	9.25%	7.63%	1.48%	8.74%
Free Cash Flow Margin	11.39%	-0.15%	9.14%	19.91%	0.30%	-10.38%
EBITDA	2,511	2,856	2,430	1,820	1,056	2,310
EBITDA Margin	13.91%	14.05%	14.16%	12.11%	4.68%	11.44%
D&A For EBITDA	950.36	840.04	692.95	632.84	536.89	316.68
EBIT	1,561	2,016	1,737	1,187	518.91	1,993
EBIT Margin	8.64%	9.92%	10.12%	7.90%	2.30%	9.87%
Effective Tax Rate	9.55%	13.13%	3.53%	2.24%	26.15%	6.90%
Revenue as Reported	18,059	20,326	17,167	15,028	22,538	20,186
Advertising Expenses	-	93.89	122.53	86.31	83.76	91.07

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