Zhongyeda Electric 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	10,857	10,779	11,047	11,888	12,102	12,533
Other Revenue	17.36	17.36	20.34	27.32	26.12	25.04
Revenue	10,875	10,797	11,067	11,915	12,128	12,558
Revenue Growth (YoY)	-2.80%	-2.44%	-7.12%	-1.76%	-3.43%	16.92%
Cost of Revenue	9,910	9,838	10,132	10,823	10,965	11,324
Gross Profit	964.42	958.25	935.01	1,092	1,163	1,235
Selling, General & Admin	672.2	668.73	655.55	701.58	685.48	693.23
Research & Development	30.75	31.85	36.44	42.12	44.49	38.26
Other Operating Expenses	36.2	35.62	36.16	37.07	36	37.38
Operating Expenses	744.79	738.64	743.24	788.63	773.38	775.87
Operating Income	219.63	219.61	191.78	303.75	389.59	458.86
Interest Expense	-7.65	-8.05	-8.42	-0.8	-1.41	-1.82
Interest & Investment Income	21.98	23.72	22.69	19.36	13.88	9.69
Currency Exchange Gain (Loss)	-3.19	-3.19	1.59	-0.04	-0.01	0.08
Other Non Operating Income (Expenses)	24.88	24.38	31.79	30.63	31.83	32.9
EBT Excluding Unusual Items	255.65	256.47	239.43	352.89	433.88	499.72
Impairment of Goodwill	-3.28	-3.28	-	-10.18	-29.84	-50.05
Gain (Loss) on Sale of Investments	-0	0.02	-1.98	-5.33	-3.89	-9.31
Gain (Loss) on Sale of Assets	0.54	0.56	0.27	4.47	0.32	137.57
Asset Writedown	0.44	-0.38	-0.24	-0.11	-0.01	-1.46
Other Unusual Items	4.6	3.89	0.89	7.25	6.87	4.98
Pretax Income	257.95	257.28	238.36	348.99	407.33	581.44
Income Tax Expense	63.63	65.76	63.58	89.13	114.62	157.63
Earnings From Continuing Operations	194.33	191.52	174.78	259.86	292.71	423.81
Minority Interest in Earnings	-9.48	-3.18	-5.49	-6.03	2.63	-8.23
Net Income	184.84	188.35	169.3	253.82	295.34	415.58
Net Income to Common	184.84	188.35	169.3	253.82	295.34	415.58
Net Income Growth	39.65%	11.25%	-33.30%	-14.06%	-28.93%	59.19%
Shares Outstanding (Basic)	533	538	546	540	547	547
Shares Outstanding (Diluted)	533	538	546	540	547	547
Shares Change (YoY)	-2.66%	-1.46%	1.13%	-1.26%	0.02%	0.54%
EPS (Basic)	0.35	0.35	0.31	0.47	0.54	0.76
EPS (Diluted)	0.35	0.35	0.31	0.47	0.54	0.76
EPS Growth	43.46%	12.90%	-34.04%	-12.96%	-28.95%	58.33%
Free Cash Flow	231.79	477.06	618.38	287.96	345.63	-319.74
Free Cash Flow Per Share	0.43	0.89	1.13	0.53	0.63	-0.58
Dividend Per Share	0.500	0.500	0.300	0.300	0.350	0.350
Dividend Growth	66.67%	66.67%	-	-14.29%	-	40.00%
Gross Margin	8.87%	8.88%	8.45%	9.17%	9.59%	9.83%
Operating Margin	2.02%	2.03%	1.73%	2.55%	3.21%	3.65%
Profit Margin	1.70%	1.74%	1.53%	2.13%	2.44%	3.31%
Free Cash Flow Margin	2.13%	4.42%	5.59%	2.42%	2.85%	-2.55%
EBITDA	260.43	263.14	246.25	360.08	440.14	509.1
EBITDA Margin	2.40%	2.44%	2.23%	3.02%	3.63%	4.05%
D&A For EBITDA	40.8	43.54	54.48	56.33	50.56	50.24
EBIT	219.63	219.61	191.78	303.75	389.59	458.86
EBIT Margin	2.02%	2.03%	1.73%	2.55%	3.21%	3.65%
Effective Tax Rate	24.67%	25.56%	26.67%	25.54%	28.14%	27.11%
Revenue as Reported	10,875	10,797	11,067	11,915	12,128	12,558
Advertising Expenses	-	13.15	11.68	13	12.63	14.93

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