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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Jan '25 Jan 1, 2025	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	1,611	1,654	1,750	1,486	1,220	1,512
Other Revenue	10.81	10.81	9.87	7.34	2.89	9.53
Revenue	1,622	1,665	1,760	1,493	1,223	1,521
Revenue Growth (YoY)	-12.12%	-5.41%	17.86%	22.12%	-19.61%	-2.59%
Cost of Revenue	989.46	1,021	1,084	985.61	843.42	1,017
Gross Profit	632.31	643.53	676.11	507.78	379.48	503.96
Selling, General & Admin	228.78	237.56	248.54	194.92	160.85	175.55
Research & Development	97.83	123.96	94	75.85	87.75	78.29
Other Operating Expenses	13.48	11.83	14.69	15.42	14.09	12.5
Operating Expenses	342.67	375.3	387.71	309.22	314.63	291.79
Operating Income	289.64	268.23	288.39	198.55	64.85	212.18
Interest Expense	-2.68	-3.32	-6.14	-6.45	-3.82	-26.11
Interest & Investment Income	137.4	136.58	17.79	26.78	7.41	77.16
Currency Exchange Gain (Loss)	0.18	0.18	-0.06	0.25	0.84	-0.4
Other Non Operating Income (Expenses)	1.69	1.96	-17.78	-3.87	-16.84	-1.53
EBT Excluding Unusual Items	426.23	403.64	282.2	215.26	52.43	261.3
Impairment of Goodwill	-	-	-	-25.95	-19.32	-7.29
Gain (Loss) on Sale of Investments	0.49	0.91	1.24	-0.09	-1.84	0.17
Gain (Loss) on Sale of Assets	-1.18	-1.18	0.05	1.15	0.02	0.89
Asset Writedown	-1.17	-5.54	-0.13	-0.03	-	-0.14
Other Unusual Items	20.96	20.91	16.16	14.85	34.58	27.42
Pretax Income	445.32	418.73	299.52	205.19	65.87	282.34
Income Tax Expense	77.9	75.06	47.39	34.34	17.31	33.86
Earnings From Continuing Operations	367.42	343.67	252.13	170.85	48.56	248.49
Minority Interest in Earnings	-1.62	-1.04	-0.03	2.22	9.41	3.01
Net Income	365.8	342.63	252.1	173.08	57.97	251.5
Net Income to Common	365.8	342.63	252.1	173.08	57.97	251.5
Net Income Growth	42.99%	35.91%	45.66%	198.57%	-76.95%	17.85%
Shares Outstanding (Basic)	620	620	620	620	620	562
Shares Outstanding (Diluted)	620	620	620	620	620	562
Shares Change (YoY)	-0.17%	0.01%	-0.00%	0.06%	10.34%	5.87%
EPS (Basic)	0.59	0.55	0.41	0.28	0.09	0.45
EPS (Diluted)	0.59	0.55	0.41	0.28	0.09	0.45
EPS Growth	43.23%	35.90%	45.66%	198.40%	-79.11%	11.32%
Free Cash Flow	258.28	296.85	279.94	185.59	102.39	308.17
Free Cash Flow Per Share	0.42	0.48	0.45	0.30	0.17	0.55
Dividend Per Share	0.120	0.120	0.080	0.070	0.020	0.070
Dividend Growth	50.00%	50.00%	14.29%	250.00%	-71.43%	-
Gross Margin	38.99%	38.65%	38.41%	34.00%	31.03%	33.13%
Operating Margin	17.86%	16.11%	16.38%	13.30%	5.30%	13.95%
Profit Margin	22.56%	20.58%	14.32%	11.59%	4.74%	16.53%
Free Cash Flow Margin	15.93%	17.83%	15.90%	12.43%	8.37%	20.26%
EBITDA	335.89	314.33	333.88	241.09	106.12	256.24
EBITDA Margin	20.71%	18.88%	18.97%	16.14%	8.68%	16.84%
D&A For EBITDA	46.25	46.09	45.48	42.53	41.27	44.06
EBIT	289.64	268.23	288.39	198.55	64.85	212.18
EBIT Margin	17.86%	16.11%	16.38%	13.30%	5.30%	13.95%
Effective Tax Rate	17.49%	17.93%	15.82%	16.74%	26.28%	11.99%
Revenue as Reported	1,622	1,665	1,760	1,493	1,223	1,521
Advertising Expenses	-	-	-	-	0.04	0.14

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