Zhejiang MTCN 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	439.8	421.3	420.42	345.83	329.52	428.52
Other Revenue	7.61	7.61	2.15	2.66	8.62	8.44
Revenue	447.41	428.92	422.57	348.5	338.14	436.96
Revenue Growth (YoY)	7.54%	1.50%	21.25%	3.06%	-22.62%	60.13%
Cost of Revenue	298.51	293.17	313.29	313.42	233.75	235.71
Gross Profit	148.89	135.74	109.28	35.07	104.39	201.25
Selling, General & Admin	51.45	49.59	47	42.52	43.3	34.61
Research & Development	29.39	30.17	27.29	26.33	19.99	15.06
Other Operating Expenses	8.45	7.27	5.16	4.87	5.4	4.36
Operating Expenses	90.94	89.49	81.98	73.61	69.16	54.35
Operating Income	57.96	46.25	27.3	-38.53	35.23	146.9
Interest Expense	-9.42	-9.81	-12.05	-10.94	-7.46	-1.09
Interest & Investment Income	4.31	4.81	6.55	8.96	10.51	9.11
Currency Exchange Gain (Loss)	-3.07	-3.07	1.14	2.4	1.61	0.13
Other Non Operating Income (Expenses)	-1.71	-0.22	-0.21	-0.25	-0.69	-0.54
EBT Excluding Unusual Items	48.07	37.95	22.72	-38.35	39.2	154.52
Impairment of Goodwill	-	-	-	-	-1.16	-
Gain (Loss) on Sale of Assets	-0.54	-0.54	0.08	-0.03	0	-
Asset Writedown	-1.82	-0.02	-0	-0.01	-4.37	-0.25
Other Unusual Items	4.6	4.6	3.96	3.77	2.17	6.25
Pretax Income	50.3	41.99	26.76	-34.62	35.85	160.52
Income Tax Expense	0.45	-1.09	-5.91	-17.35	1.63	22.13
Earnings From Continuing Operations	49.86	43.08	32.67	-17.27	34.21	138.39
Minority Interest in Earnings	-	-	-9.9	-16.8	-14.81	-7.06
Net Income	49.86	43.08	22.77	-34.07	19.41	131.34
Net Income to Common	49.86	43.08	22.77	-34.07	19.41	131.34
Net Income Growth	74.24%	89.16%	-	-	-85.22%	51.44%
Shares Outstanding (Basic)	127	131	127	130	133	129
Shares Outstanding (Diluted)	127	131	127	130	133	129
Shares Change (YoY)	3.82%	3.18%	-2.89%	-1.85%	2.62%	33.08%
EPS (Basic)	0.39	0.33	0.18	-0.26	0.15	1.02
EPS (Diluted)	0.39	0.33	0.18	-0.26	0.15	1.02
EPS Growth	67.83%	83.33%	-	-	-85.60%	13.80%
Free Cash Flow	40.39	42.68	12.9	-70.51	-113.89	-74.22
Free Cash Flow Per Share	0.32	0.33	0.10	-0.54	-0.86	-0.57
Dividend Per Share	0.200	0.200	0.150	-	0.154	-
Dividend Growth	33.33%	33.33%	-	-	-	-
Gross Margin	33.28%	31.65%	25.86%	10.06%	30.87%	46.06%
Operating Margin	12.95%	10.78%	6.46%	-11.06%	10.42%	33.62%
Profit Margin	11.14%	10.04%	5.39%	-9.78%	5.74%	30.06%
Free Cash Flow Margin	9.03%	9.95%	3.05%	-20.23%	-33.68%	-16.99%
EBITDA	124.98	112.39	89.9	16.67	75.99	168.11
EBITDA Margin	27.93%	26.20%	21.27%	4.78%	22.47%	38.47%
D&A For EBITDA	67.02	66.14	62.61	55.2	40.76	21.2
EBIT	57.96	46.25	27.3	-38.53	35.23	146.9
EBIT Margin	12.95%	10.78%	6.46%	-11.06%	10.42%	33.62%
Effective Tax Rate	0.89%	-	-	-	4.56%	13.78%
Revenue as Reported	447.41	428.92	422.57	348.5	338.14	436.96

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