Zhongyan Technology 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	567.96	611.02	787.09	915.96	895.56	1,377
Other Revenue	5.02	5.02	0.89	0.44	1.15	0.1
Revenue	572.98	616.03	787.98	916.39	896.71	1,377
Revenue Growth (YoY)	-29.55%	-21.82%	-14.01%	2.20%	-34.90%	21.98%
Cost of Revenue	469.26	491.91	592.27	759.26	871.04	1,125
Gross Profit	103.72	124.12	195.7	157.13	25.67	252.7
Selling, General & Admin	78.06	79.15	76.89	96.37	93.47	77.91
Research & Development	26.68	34.51	30.59	36.28	67.1	46.67
Other Operating Expenses	3.63	3.4	3.93	3.31	4.22	5.08
Operating Expenses	109.07	117.76	130.76	145.32	200.47	122.49
Operating Income	-5.36	6.36	64.94	11.82	-174.8	130.21
Interest Expense	-0.56	-0.56	-0.36	-1.85	-0.88	-0.37
Interest & Investment Income	14.56	12.41	15	17.61	17.34	8.91
Currency Exchange Gain (Loss)	-0.2	-0.2	-0.16	-0.03	0	0
Other Non Operating Income (Expenses)	8.79	0.75	-7.34	-4.84	-10.44	-12.3
EBT Excluding Unusual Items	17.23	18.77	72.09	22.72	-168.77	126.45
Impairment of Goodwill	-2.7	-2.7	-	-	-10.15	-
Gain (Loss) on Sale of Investments	3.69	1.72	-	-	-	-
Gain (Loss) on Sale of Assets	-0.15	-0.15	-0.81	0.01	0.21	0
Asset Writedown	-10.79	-8	-0.9	-0.79	-3.08	-2.03
Legal Settlements	-0.98	-0.98	-0.57	-0.54	-	-
Other Unusual Items	-1.23	-1.23	3.19	-0.36	1.83	1.73
Pretax Income	5.06	7.43	72.99	21.04	-179.95	126.15
Income Tax Expense	2.78	1.35	10.09	7.27	-29.27	14.75
Earnings From Continuing Operations	2.29	6.07	62.91	13.77	-150.68	111.41
Minority Interest in Earnings	7.78	7.76	-0.49	5.14	6.62	0.11
Net Income	10.07	13.83	62.41	18.91	-144.06	111.51
Net Income to Common	10.07	13.83	62.41	18.91	-144.06	111.51
Net Income Growth	-85.34%	-77.84%	230.08%	-	-	10.30%
Shares Outstanding (Basic)	177	176	178	176	176	177
Shares Outstanding (Diluted)	177	176	178	176	176	177
Shares Change (YoY)	2.48%	-0.84%	0.82%	-0.08%	-0.53%	24.09%
EPS (Basic)	0.06	0.08	0.35	0.11	-0.82	0.63
EPS (Diluted)	0.06	0.08	0.35	0.11	-0.82	0.63
EPS Growth	-85.69%	-77.65%	227.40%	-	-	-11.11%
Free Cash Flow	85.78	55.07	20.59	-155.8	-143.7	-171.64
Free Cash Flow Per Share	0.48	0.31	0.12	-0.88	-0.81	-0.97
Dividend Per Share	0.076	0.076	0.201	0.086	0.108	0.140
Dividend Growth	-62.23%	-62.23%	133.41%	-20.55%	-22.55%	-28.52%
Gross Margin	18.10%	20.15%	24.84%	17.15%	2.86%	18.35%
Operating Margin	-0.94%	1.03%	8.24%	1.29%	-19.49%	9.45%
Profit Margin	1.76%	2.25%	7.92%	2.06%	-16.06%	8.10%
Free Cash Flow Margin	14.97%	8.94%	2.61%	-17.00%	-16.02%	-12.46%
EBITDA	8.86	20.62	79.34	27.51	-164.82	137.21
EBITDA Margin	1.55%	3.35%	10.07%	3.00%	-18.38%	9.96%
D&A For EBITDA	14.22	14.25	14.39	15.7	9.98	7
EBIT	-5.36	6.36	64.94	11.82	-174.8	130.21
EBIT Margin	-0.94%	1.03%	8.24%	1.29%	-19.49%	9.45%
Effective Tax Rate	54.83%	18.25%	13.82%	34.56%	-	11.69%
Revenue as Reported	616.03	616.03	787.98	916.39	896.71	1,377
Advertising Expenses	-	0.07	0.24	0.19	0.02	3.54

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