Zhongyeda Electric 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	11,097	11,047	11,888	12,102	12,533	10,741
Other Revenue	20.34	20.34	27.32	26.12	25.04	-
Revenue	11,117	11,067	11,915	12,128	12,558	10,741
Revenue Growth (YoY)	-1.26%	-7.12%	-1.76%	-3.43%	16.92%	8.22%
Cost of Revenue	10,148	10,132	10,823	10,965	11,324	9,702
Gross Profit	969.2	935.01	1,092	1,163	1,235	1,040
Selling, General & Admin	662.12	655.55	701.58	685.48	693.23	602.89
Research & Development	34.26	36.44	42.12	44.49	38.26	32.83
Other Operating Expenses	35.83	36.16	37.07	36	37.38	32.78
Operating Expenses	739.71	743.24	788.63	773.38	775.87	676.25
Operating Income	229.49	191.78	303.75	389.59	458.86	363.34
Interest Expense	-13.32	-8.42	-0.8	-1.41	-1.82	-2.4
Interest & Investment Income	23.56	22.69	19.36	13.88	9.69	8.11
Currency Exchange Gain (Loss)	1.59	1.59	-0.04	-0.01	0.08	-0
Other Non Operating Income (Expenses)	35.91	31.79	30.63	31.83	32.9	30.61
EBT Excluding Unusual Items	277.23	239.43	352.89	433.88	499.72	399.66
Impairment of Goodwill	-	-	-10.18	-29.84	-50.05	-34.51
Gain (Loss) on Sale of Investments	1.45	-1.98	-5.33	-3.89	-9.31	-1.26
Gain (Loss) on Sale of Assets	-0.2	0.27	4.47	0.32	137.57	-0.34
Asset Writedown	12.23	-0.24	-0.11	-0.01	-1.46	-0.11
Other Unusual Items	0.89	0.89	7.25	6.87	4.98	8.77
Pretax Income	291.6	238.36	348.99	407.33	581.44	372.21
Income Tax Expense	77.59	63.58	89.13	114.62	157.63	99.76
Earnings From Continuing Operations	214.02	174.78	259.86	292.71	423.81	272.44
Minority Interest in Earnings	-3.64	-5.49	-6.03	2.63	-8.23	-11.38
Net Income	210.37	169.3	253.82	295.34	415.58	261.07
Net Income to Common	210.37	169.3	253.82	295.34	415.58	261.07
Net Income Growth	61.11%	-33.30%	-14.06%	-28.93%	59.19%	15.97%
Shares Outstanding (Basic)	554	546	540	547	547	544
Shares Outstanding (Diluted)	554	546	540	547	547	544
Shares Change (YoY)	4.04%	1.13%	-1.26%	0.02%	0.54%	-0.94%
EPS (Basic)	0.38	0.31	0.47	0.54	0.76	0.48
EPS (Diluted)	0.38	0.31	0.47	0.54	0.76	0.48
EPS Growth	54.86%	-34.04%	-12.96%	-28.95%	58.33%	17.07%
Free Cash Flow	410.38	618.38	287.96	345.63	-319.74	883.62
Free Cash Flow Per Share	0.74	1.13	0.53	0.63	-0.58	1.63
Dividend Per Share	0.500	0.300	0.300	0.350	0.350	0.250
Dividend Growth	66.67%	-	-14.29%	-	40.00%	13.64%
Gross Margin	8.72%	8.45%	9.17%	9.59%	9.83%	9.68%
Operating Margin	2.06%	1.73%	2.55%	3.21%	3.65%	3.38%
Profit Margin	1.89%	1.53%	2.13%	2.44%	3.31%	2.43%
Free Cash Flow Margin	3.69%	5.59%	2.42%	2.85%	-2.55%	8.23%
EBITDA	262.49	234.78	360.08	440.14	509.1	407.59
EBITDA Margin	2.36%	2.12%	3.02%	3.63%	4.05%	3.79%
D&A For EBITDA	33.01	43	56.33	50.56	50.24	44.25
EBIT	229.49	191.78	303.75	389.59	458.86	363.34
EBIT Margin	2.06%	1.73%	2.55%	3.21%	3.65%	3.38%
Effective Tax Rate	26.61%	26.67%	25.54%	28.14%	27.11%	26.80%
Revenue as Reported	11,117	11,067	11,915	12,128	12,558	10,741
Advertising Expenses	-	11.68	13	12.63	14.93	14.52

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