Qingdao TGOOD Electric 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	15,763	15,649	15,264	12,637	11,578	9,441
Other Revenue	137.49	137.49	110.34	53.67	52.13	-
Revenue	15,900	15,786	15,374	12,691	11,630	9,441
Revenue Growth (YoY)	2.95%	2.68%	21.15%	9.12%	23.18%	26.48%
Cost of Revenue	11,576	11,508	11,440	9,411	9,085	7,420
Gross Profit	4,324	4,279	3,935	3,280	2,544	2,021
Selling, General & Admin	1,940	1,921	1,832	1,649	1,355	1,177
Research & Development	556.24	554.1	574.59	489.36	442.14	412.06
Other Operating Expenses	61.44	51.82	11.96	4.62	59	49.72
Operating Expenses	2,706	2,675	2,735	2,407	2,112	1,794
Operating Income	1,618	1,604	1,199	872.21	432.58	227.67
Interest Expense	-144.71	-151.94	-188.95	-208.91	-247.75	-247.65
Interest & Investment Income	138.85	134.14	87	89.23	131.76	109.76
Currency Exchange Gain (Loss)	-11.13	-11.13	1.38	1.83	3.22	-1.01
Other Non Operating Income (Expenses)	-94.83	-90.2	-157.47	-173.18	-34.69	-12.64
EBT Excluding Unusual Items	1,506	1,484	941.35	581.17	285.11	76.13
Gain (Loss) on Sale of Investments	-	-	-3.63	-13.46	-22	9.08
Gain (Loss) on Sale of Assets	25.79	28.39	57.55	16.5	19.79	15.39
Asset Writedown	-221.03	-221.03	-247.84	-227.15	-174.56	-46.61
Legal Settlements	-8.08	-8.08	-8.23	-5.71	-5.53	-4.83
Other Unusual Items	270.15	266.35	286.98	182.17	161.09	114.53
Pretax Income	1,573	1,550	1,026	533.52	263.89	163.69
Income Tax Expense	247.35	236.37	86.79	6.76	15.15	-13.9
Earnings From Continuing Operations	1,326	1,314	939.4	526.76	248.75	177.59
Minority Interest in Earnings	-75.68	-70.65	-22.84	-35.61	23.45	9.59
Net Income	1,250	1,243	916.56	491.15	272.2	187.17
Net Income to Common	1,250	1,243	916.56	491.15	272.2	187.17
Net Income Growth	35.93%	35.62%	86.62%	80.44%	45.43%	-8.40%
Shares Outstanding (Basic)	1,023	1,036	1,030	1,023	1,047	1,040
Shares Outstanding (Diluted)	1,023	1,036	1,030	1,023	1,047	1,040
Shares Change (YoY)	-1.94%	0.59%	0.65%	-2.26%	0.68%	1.77%
EPS (Basic)	1.22	1.20	0.89	0.48	0.26	0.18
EPS (Diluted)	1.22	1.20	0.89	0.48	0.26	0.18
EPS Growth	38.62%	34.83%	85.42%	84.61%	44.44%	-10.00%
Free Cash Flow	1,423	1,638	452.44	281.45	1,216	-653.53
Free Cash Flow Per Share	1.39	1.58	0.44	0.28	1.16	-0.63
Dividend Per Share	0.200	0.200	0.150	0.100	0.050	0.020
Dividend Growth	33.33%	33.33%	50.00%	100.00%	150.00%	-60.00%
Gross Margin	27.20%	27.10%	25.59%	25.84%	21.88%	21.41%
Operating Margin	10.18%	10.16%	7.80%	6.87%	3.72%	2.41%
Profit Margin	7.86%	7.87%	5.96%	3.87%	2.34%	1.98%
Free Cash Flow Margin	8.95%	10.38%	2.94%	2.22%	10.45%	-6.92%
EBITDA	2,071	2,066	1,701	1,365	962.58	649.1
EBITDA Margin	13.03%	13.09%	11.06%	10.76%	8.28%	6.88%
D&A For EBITDA	453.06	462.79	501.73	493.13	530	421.43
EBIT	1,618	1,604	1,199	872.21	432.58	227.67
EBIT Margin	10.18%	10.16%	7.80%	6.87%	3.72%	2.41%
Effective Tax Rate	15.72%	15.25%	8.46%	1.27%	5.74%	-
Revenue as Reported	15,900	15,786	15,374	12,691	11,630	9,441
Advertising Expenses	-	28.19	22.65	20.49	14.03	12.09

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