Zhuzhou Tianqiao Crane 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	Sep '26 Sep 30, 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	2,153	2,057	1,837	1,716	1,571	1,752
Other Revenue	14.56	14.56	17.48	17.5	15.74	22.14
Revenue	2,167	2,072	1,854	1,733	1,586	1,774
Revenue Growth	5.39%	11.74%	6.97%	9.27%	-10.59%	18.16%
Cost of Revenue	1,617	1,596	1,408	1,339	1,239	1,398
Gross Profit	550.77	476.4	446.05	394.85	347.44	376.67
Selling, General & Admin	282.59	272.04	267.8	250.64	242.41	231.18
Research & Development	118.13	111.57	100.61	97.01	84.92	90.49
Other Operating Expenses	-0.43	-7.25	-13.85	-2.17	-0.38	6.84
Operating Expenses	406.43	388.01	432.39	380.42	322.8	324.99
Operating Income	144.34	88.39	13.65	14.43	24.64	51.67
Interest Expense	-1.92	-3	-7.1	-10.18	-14.7	-12.73
Interest & Investment Income	35.17	41.14	23.15	13.88	4.18	23.9
Currency Exchange Gain (Loss)	-0.96	-1	0.75	0.09	0.14	-0.28
Other Non Operating Income (Expenses)	-16.26	-7.98	-5.52	-2.67	-2.92	-4.76
EBT Excluding Unusual Items	160.37	117.54	24.94	15.55	11.36	57.81
Impairment of Goodwill	-	-	-2.92	-	-	-
Gain (Loss) on Sale of Investments	3.75	0.66	0.23	0.23	2.81	1.11
Gain (Loss) on Sale of Assets	-0.15	-0.37	0.26	0.02	-0.85	-0.57
Asset Writedown	-4.72	-0.05	-9.44	-0.04	-0.5	0
Other Unusual Items	13.08	13.08	18.49	16.01	21.36	14.06
Pretax Income	172.33	130.87	31.56	31.77	34.18	72.41
Income Tax Expense	12.45	10.87	5.08	1.98	-1.68	7.66
Earnings From Continuing Operations	159.88	120	26.48	29.8	35.86	64.74
Minority Interest in Earnings	-16.29	-0.61	26.27	7.54	4.91	-4.58
Net Income	143.59	119.39	52.75	37.34	40.77	60.16
Net Income to Common	143.59	119.39	52.75	37.34	40.77	60.16
Net Income Growth	19.33%	126.32%	41.30%	-8.43%	-32.23%	3.55%
Shares Outstanding (Basic)	1,422	1,421	1,426	1,436	1,406	1,399
Shares Outstanding (Diluted)	1,422	1,421	1,426	1,436	1,406	1,399
Shares Change	2.33%	-0.31%	-0.71%	2.14%	0.49%	-1.27%
EPS (Basic)	0.10	0.08	0.04	0.03	0.03	0.04
EPS (Diluted)	0.10	0.08	0.04	0.03	0.03	0.04
EPS Growth	16.61%	127.03%	42.31%	-10.35%	-32.56%	4.88%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	400.65	219.49	305.56	309.3	234.93	29.9
Free Cash Flow Per Share	0.28	0.15	0.21	0.21	0.17	0.02
Dividend Per Share	0.020	0.020	0.015	0.015	0.015	0.020
Dividend Growth	33.33%	33.33%	0%	0%	-25.00%	0%
Gross Margin	25.41%	22.99%	24.06%	22.78%	21.90%	21.23%
Operating Margin	6.66%	4.27%	0.74%	0.83%	1.55%	2.91%
Profit Margin	6.63%	5.76%	2.84%	2.15%	2.57%	3.39%
Free Cash Flow Margin	18.48%	10.59%	16.48%	17.84%	14.81%	1.69%
EBITDA	166.79	117.29	51.16	52.39	60.14	87.87
EBITDA Margin	7.70%	5.66%	2.76%	3.02%	3.79%	4.95%
D&A For EBITDA	22.45	28.9	37.51	37.96	35.49	36.2
EBIT	144.34	88.39	13.65	14.43	24.64	51.67
EBIT Margin	6.66%	4.27%	0.74%	0.83%	1.55%	2.91%
Effective Tax Rate	7.22%	8.30%	16.10%	6.22%	-	10.59%
Revenue as Reported	2,167	2,072	1,854	1,733	1,586	1,774
Advertising Expenses	-	-	-	-	0.41	0.29