Changgao Electric Group 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	Dec '21 Dec 31, 2021	Jan '21 Jan 1, 2021
Operating Revenue	1,821	1,750	1,486	1,220	1,512	1,503
Other Revenue	9.87	9.87	7.34	2.89	9.53	59.13
Revenue	1,831	1,760	1,493	1,223	1,521	1,562
Revenue Growth (YoY)	17.28%	17.86%	22.12%	-19.61%	-2.59%	34.73%
Cost of Revenue	1,078	1,073	985.61	843.42	1,017	1,027
Gross Profit	752.66	687.2	507.78	379.48	503.96	535.04
Selling, General & Admin	259.07	259.24	194.92	160.85	175.55	163.36
Research & Development	135.73	94	75.85	87.75	78.29	67.97
Other Operating Expenses	12.08	15.08	15.42	14.09	12.5	-9.45
Operating Expenses	436.24	398.8	309.22	314.63	291.79	227.82
Operating Income	316.41	288.39	198.55	64.85	212.18	307.22
Interest Expense	-4.42	-6.14	-6.45	-3.82	-26.11	-27.24
Interest & Investment Income	15.64	17.79	26.78	7.41	77.16	1.94
Currency Exchange Gain (Loss)	-0.06	-0.06	0.25	0.84	-0.4	-0.22
Other Non Operating Income (Expenses)	-2.49	-3.22	-3.87	-16.84	-1.53	2.98
EBT Excluding Unusual Items	325.08	296.77	215.26	52.43	261.3	284.68
Impairment of Goodwill	-	-	-25.95	-19.32	-7.29	-4.4
Gain (Loss) on Sale of Investments	2.36	1.24	-0.09	-1.84	0.17	2.68
Gain (Loss) on Sale of Assets	-0.85	0.05	1.15	0.02	0.89	0.55
Asset Writedown	-1.82	-0.13	-0.03	-	-0.14	-2.32
Other Unusual Items	1.55	1.59	14.85	34.58	27.42	-28.34
Pretax Income	326.31	299.52	205.19	65.87	282.34	252.84
Income Tax Expense	51.85	47.39	34.34	17.31	33.86	44.63
Earnings From Continuing Operations	274.47	252.13	170.85	48.56	248.49	208.21
Minority Interest in Earnings	-0.7	-0.03	2.22	9.41	3.01	5.19
Net Income	273.77	252.1	173.08	57.97	251.5	213.4
Net Income to Common	273.77	252.1	173.08	57.97	251.5	213.4
Net Income Growth	44.00%	45.66%	198.57%	-76.95%	17.85%	47.27%
Shares Outstanding (Basic)	626	620	620	620	562	531
Shares Outstanding (Diluted)	626	620	620	620	562	531
Shares Change (YoY)	1.70%	-0.00%	0.06%	10.34%	5.87%	0.36%
EPS (Basic)	0.44	0.41	0.28	0.09	0.45	0.40
EPS (Diluted)	0.44	0.41	0.28	0.09	0.45	0.40
EPS Growth	41.59%	45.66%	198.40%	-79.11%	11.32%	46.75%
Free Cash Flow	311.51	279.94	185.59	102.39	308.17	-319.59
Free Cash Flow Per Share	0.50	0.45	0.30	0.17	0.55	-0.60
Dividend Per Share	0.110	0.080	0.070	0.020	0.070	0.070
Dividend Growth	57.14%	14.29%	250.00%	-71.43%	-	-
Gross Margin	41.12%	39.04%	34.00%	31.03%	33.13%	34.26%
Operating Margin	17.29%	16.38%	13.30%	5.30%	13.95%	19.67%
Profit Margin	14.96%	14.32%	11.59%	4.74%	16.53%	13.66%
Free Cash Flow Margin	17.02%	15.90%	12.43%	8.37%	20.26%	-20.46%
EBITDA	362.14	332.75	241.09	106.12	256.24	359.52
EBITDA Margin	19.78%	18.91%	16.14%	8.68%	16.84%	23.02%
D&A For EBITDA	45.73	44.36	42.53	41.27	44.06	52.3
EBIT	316.41	288.39	198.55	64.85	212.18	307.22
EBIT Margin	17.29%	16.38%	13.30%	5.30%	13.95%	19.67%
Effective Tax Rate	15.89%	15.82%	16.74%	26.28%	11.99%	17.65%
Revenue as Reported	1,831	1,760	1,493	1,223	1,521	1,562
Advertising Expenses	-	-	-	0.04	0.14	0.06

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