Shandong Zhangqiu Blower 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	1,999	2,059	1,980	1,849	1,667	1,115
Other Revenue	27.21	27.21	24.27	25.92	29.34	13.59
Revenue	2,027	2,087	2,005	1,875	1,696	1,129
Revenue Growth (YoY)	-4.12%	4.09%	6.93%	10.54%	50.21%	4.67%
Cost of Revenue	1,581	1,563	1,459	1,359	1,228	792.74
Gross Profit	445.54	523.68	545.54	515.76	467.49	336.25
Selling, General & Admin	271.31	297.78	292.02	263.6	242.39	177.02
Research & Development	104.13	106.49	101.36	95.59	83.32	53.86
Other Operating Expenses	8.77	8.81	8.11	13.68	13.54	9.29
Operating Expenses	411.08	441.12	414.6	394.09	358.12	251.51
Operating Income	34.46	82.56	130.94	121.67	109.37	84.73
Interest Expense	-16.06	-15.71	-18.02	-16.09	-9.77	-5.72
Interest & Investment Income	3.15	8.99	10.11	19.41	10.6	4.8
Currency Exchange Gain (Loss)	-0.02	-0.02	1.04	0.93	-0.45	-0.73
Other Non Operating Income (Expenses)	1.4	0.07	-1.31	-2.68	-0.32	-1.51
EBT Excluding Unusual Items	22.93	75.89	122.77	123.24	109.43	81.57
Gain (Loss) on Sale of Investments	1.97	1	-1.68	-1.08	-1.17	0.88
Gain (Loss) on Sale of Assets	0.2	1.3	0.65	0.5	1.04	0.32
Asset Writedown	-1.01	-0.17	-0.15	-0.09	-0.09	-
Other Unusual Items	10.83	3.58	9.58	4.31	5.35	9.82
Pretax Income	34.92	81.61	131.18	126.88	114.55	92.59
Income Tax Expense	-1.5	3.77	16.78	12.67	6.43	11.07
Earnings From Continuing Operations	36.42	77.84	114.4	114.21	108.12	81.52
Minority Interest in Earnings	-4.69	-6.3	-7.85	-4.04	-3.22	0.05
Net Income	31.73	71.54	106.55	110.17	104.9	81.57
Net Income to Common	31.73	71.54	106.55	110.17	104.9	81.57
Net Income Growth	-70.46%	-32.86%	-3.29%	5.03%	28.60%	8.54%
Shares Outstanding (Basic)	312	312	312	312	312	312
Shares Outstanding (Diluted)	319	319	312	312	312	312
Shares Change (YoY)	2.09%	2.08%	-0.00%	0.00%	-0.01%	0.03%
EPS (Basic)	0.10	0.23	0.34	0.35	0.34	0.26
EPS (Diluted)	0.10	0.22	0.34	0.35	0.34	0.26
EPS Growth	-71.06%	-34.23%	-3.28%	5.03%	28.62%	8.51%
Free Cash Flow	89.85	-57.59	-114.42	57.35	-44.6	32.34
Free Cash Flow Per Share	0.28	-0.18	-0.37	0.18	-0.14	0.10
Dividend Per Share	0.100	0.100	0.100	0.100	0.100	-
Gross Margin	21.98%	25.10%	27.21%	27.51%	27.57%	29.78%
Operating Margin	1.70%	3.96%	6.53%	6.49%	6.45%	7.51%
Profit Margin	1.57%	3.43%	5.32%	5.88%	6.19%	7.22%
Free Cash Flow Margin	4.43%	-2.76%	-5.71%	3.06%	-2.63%	2.86%
EBITDA	64.99	113.37	162.13	149.44	136.69	106.5
EBITDA Margin	3.21%	5.43%	8.09%	7.97%	8.06%	9.43%
D&A For EBITDA	30.53	30.81	31.19	27.77	27.32	21.77
EBIT	34.46	82.56	130.94	121.67	109.37	84.73
EBIT Margin	1.70%	3.96%	6.53%	6.49%	6.45%	7.51%
Effective Tax Rate	-	4.62%	12.79%	9.99%	5.61%	11.96%
Revenue as Reported	2,027	2,087	2,005	1,875	1,696	1,129
Advertising Expenses	-	13.66	13.56	21.27	23.74	15.61

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.