Shenzhen MTC Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	18,119	17,662	20,161	17,107	14,986	22,453
Other Revenue	145.26	145.26	165.78	60.09	42	85.39
Revenue	18,264	17,807	20,326	17,167	15,028	22,538
Revenue Growth (YoY)	-8.42%	-12.39%	18.40%	14.23%	-33.32%	11.65%
Cost of Revenue	15,475	14,919	17,064	14,261	12,724	19,114
Gross Profit	2,789	2,888	3,262	2,906	2,305	3,425
Selling, General & Admin	493.83	507.03	532.16	523.06	554.98	583.04
Research & Development	1,014	1,015	912.14	703.64	629.65	555.18
Other Operating Expenses	-141.67	-139.65	-234.58	-128.59	-51.22	-97.3
Operating Expenses	1,418	1,415	1,246	1,169	1,118	2,906
Operating Income	1,371	1,472	2,016	1,737	1,187	518.91
Interest Expense	-97.92	-116.76	-175.66	-168.54	-191.54	-211.48
Interest & Investment Income	51.14	55.05	97.67	94.95	41.26	137.7
Currency Exchange Gain (Loss)	-51.66	-51.66	64.33	24.05	78.78	-5.54
Other Non Operating Income (Expenses)	-86.44	-6.6	-11.21	-11.17	-16.75	-19.45
EBT Excluding Unusual Items	1,186	1,352	1,991	1,676	1,099	420.14
Impairment of Goodwill	-	-	-16.7	-31.06	-71.77	-91.63
Gain (Loss) on Sale of Investments	-2.04	-2.04	-30.07	6.07	24.87	13.4
Gain (Loss) on Sale of Assets	2.93	4.02	-4.74	-1.57	-0.12	-0.11
Asset Writedown	39.92	-8.88	-7.41	-5.11	-3.57	-7.34
Other Unusual Items	184.31	184.31	60.95	65	145.53	212.58
Pretax Income	1,423	1,542	1,993	1,710	1,194	547.05
Income Tax Expense	67.25	75.25	261.79	60.41	26.69	143.05
Earnings From Continuing Operations	1,356	1,467	1,731	1,649	1,167	404
Minority Interest in Earnings	-177.5	-163.43	-128.92	-60.98	-21.21	-71
Net Income	1,178	1,303	1,602	1,588	1,146	333
Net Income to Common	1,178	1,303	1,602	1,588	1,146	333
Net Income Growth	-22.60%	-18.67%	0.89%	38.61%	244.13%	-81.12%
Shares Outstanding (Basic)	4,494	4,494	4,579	4,538	4,584	4,757
Shares Outstanding (Diluted)	4,494	4,494	4,579	4,538	4,584	4,757
Shares Change (YoY)	-1.85%	-1.84%	0.89%	-0.99%	-3.64%	5.21%
EPS (Basic)	0.26	0.29	0.35	0.35	0.25	0.07
EPS (Diluted)	0.26	0.29	0.35	0.35	0.25	0.07
EPS Growth	-21.14%	-17.14%	-	40.00%	257.14%	-82.05%
Free Cash Flow	2,195	2,619	-31.25	1,569	2,993	67.3
Free Cash Flow Per Share	0.49	0.58	-0.01	0.35	0.65	0.01
Dividend Per Share	0.087	0.087	0.107	0.106	0.076	-
Dividend Growth	-18.69%	-18.69%	0.94%	39.47%	-	-
Gross Margin	15.27%	16.22%	16.05%	16.93%	15.34%	15.19%
Operating Margin	7.51%	8.27%	9.92%	10.12%	7.90%	2.30%
Profit Margin	6.45%	7.32%	7.88%	9.25%	7.63%	1.48%
Free Cash Flow Margin	12.02%	14.71%	-0.15%	9.14%	19.91%	0.30%
EBITDA	2,236	2,339	2,891	2,430	1,820	1,056
EBITDA Margin	12.24%	13.14%	14.22%	14.16%	12.11%	4.68%
D&A For EBITDA	864.98	867.03	875.24	692.95	632.84	536.89
EBIT	1,371	1,472	2,016	1,737	1,187	518.91
EBIT Margin	7.51%	8.27%	9.92%	10.12%	7.90%	2.30%
Effective Tax Rate	4.72%	4.88%	13.13%	3.53%	2.24%	26.15%
Revenue as Reported	18,264	17,807	20,326	17,167	15,028	22,538
Advertising Expenses	-	70.81	93.89	122.53	86.31	83.76

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