Zhejiang Taitan 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	1,452	1,652	1,386	1,598	1,241	664.15
Other Revenue	6.15	6.15	14.53	2.23	1.87	3.63
Revenue	1,458	1,658	1,400	1,601	1,243	667.78
Revenue Growth (YoY)	-4.11%	18.40%	-12.50%	28.74%	86.18%	14.53%
Cost of Revenue	1,234	1,396	1,127	1,262	1,055	548.33
Gross Profit	223.58	262.59	272.99	338.26	188.76	119.45
Selling, General & Admin	116.04	113	106.94	128.05	70.38	45.06
Research & Development	41.25	45.33	32.86	46.95	33.29	21.65
Other Operating Expenses	-13.17	-4.07	-10.23	-1.36	-2.4	5.13
Operating Expenses	188.58	195.05	159.53	228.01	125.2	71.42
Operating Income	35.01	67.54	113.46	110.25	63.55	48.02
Interest Expense	-27.01	-27.23	-6.45	-0.93	-0.63	-0.08
Interest & Investment Income	16.96	25.63	24.25	9.13	7.07	8.53
Currency Exchange Gain (Loss)	6.49	6.49	9.9	17.97	-2.99	-3.78
Other Non Operating Income (Expenses)	1.01	0.06	-0.95	-1.17	3.21	11.66
EBT Excluding Unusual Items	32.46	72.49	140.22	135.25	70.21	64.36
Impairment of Goodwill	-	-	-	-1.05	-	-
Gain (Loss) on Sale of Investments	0.66	0.73	0.23	0.09	-0.23	-
Gain (Loss) on Sale of Assets	-1.12	-0.21	0.02	0.17	-	-
Asset Writedown	-1.17	-0.02	-0.01	0.04	0.02	-0
Other Unusual Items	25.41	25.41	14.01	10.82	8.89	5.78
Pretax Income	67.82	109.98	154.59	145.73	78.89	70.13
Income Tax Expense	13.26	18.25	22.81	21.12	3.22	9.56
Earnings From Continuing Operations	54.57	91.72	131.78	124.62	75.67	60.57
Minority Interest in Earnings	-4.6	-2.97	-1.81	5.55	-2.94	-0.68
Net Income	49.97	88.75	129.97	130.17	72.73	59.89
Net Income to Common	49.97	88.75	129.97	130.17	72.73	59.89
Net Income Growth	-45.49%	-31.71%	-0.15%	78.97%	21.44%	0.82%
Shares Outstanding (Basic)	219	216	217	217	214	162
Shares Outstanding (Diluted)	219	216	217	217	214	162
Shares Change (YoY)	0.31%	-0.06%	-0.15%	1.42%	32.15%	0.82%
EPS (Basic)	0.23	0.41	0.60	0.60	0.34	0.37
EPS (Diluted)	0.23	0.41	0.60	0.60	0.34	0.37
EPS Growth	-45.66%	-31.67%	-	76.47%	-8.11%	-
Free Cash Flow	-183.48	-11.17	201.87	224.4	-145.87	5.6
Free Cash Flow Per Share	-0.84	-0.05	0.93	1.03	-0.68	0.04
Dividend Per Share	0.124	0.124	0.420	0.170	0.072	0.059
Dividend Growth	-70.48%	-70.48%	147.06%	136.11%	22.03%	-
Gross Margin	15.33%	15.84%	19.49%	21.13%	15.18%	17.89%
Operating Margin	2.40%	4.07%	8.10%	6.89%	5.11%	7.19%
Profit Margin	3.43%	5.35%	9.28%	8.13%	5.85%	8.97%
Free Cash Flow Margin	-12.58%	-0.67%	14.41%	14.02%	-11.73%	0.84%
EBITDA	86.99	109.88	142.93	128.6	79.12	60.78
EBITDA Margin	5.97%	6.63%	10.21%	8.04%	6.36%	9.10%
D&A For EBITDA	51.99	42.34	29.47	18.35	15.57	12.76
EBIT	35.01	67.54	113.46	110.25	63.55	48.02
EBIT Margin	2.40%	4.07%	8.10%	6.89%	5.11%	7.19%
Effective Tax Rate	19.55%	16.60%	14.76%	14.49%	4.08%	13.64%
Revenue as Reported	1,458	1,658	1,400	1,601	1,243	667.78

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