Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	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	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
New Energy Vehicle Business			32.90M	24.08M	16.36M	5.46M	32.28M
New Energy Vehicle Business Growth			36.64%	47.15%	199.86%	-83.09%	-70.25%
Pipeline Operations			138.60M	270.30M	351.24M	437.41M	404.35M
Pipeline Operations Growth			-48.72%	-23.04%	-19.70%	8.18%	2.06%
Inspection and Repair Business			17.30M	23.98M	23.53M	5.39M	-
Inspection and Repair Business Growth			-27.84%	1.92%	336.47%	-	-
Engineering Service Business			68.00M	63.18M	244.36M	42.80M	15.57M
Engineering Service Business Growth			7.64%	-74.15%	470.97%	174.82%	-16.91%
Material Trading Business			139.20M	125.24M	42.87M	403.70M	356.08M
Material Trading Business Growth			11.14%	192.15%	-89.38%	13.37%	-41.71%
Total			396.01M	506.78M	678.36M	894.76M	808.28M
Total Growth			-21.86%	-25.29%	-24.18%	10.70%	-28.74%

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	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	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
China			396.01M	506.78M	678.36M	-	-
China Growth			-21.86%	-25.29%	-	-	-
East China			-	-	-	500.99M	495.54M
East China Growth			-	-	-	1.10%	-24.19%
Southern China			-	-	-	232.48M	158.60M
Southern China Growth			-	-	-	46.58%	-24.93%
North China			-	-	-	59.57M	55.84M
North China Growth			-	-	-	6.68%	-60.27%
Central China Region			-	-	-	52.66M	28.63M
Central China Region Growth			-	-	-	83.91%	-58.38%
Northeast China Region			-	-	-	5.53M	7.88M
Northeast China Region Growth			-	-	-	-29.83%	1.32%
Northwestern Region			-	-	-	11.49M	23.80M
Northwestern Region Growth			-	-	-	-51.74%	382.74%
Southwest Region			-	-	-	31.80M	34.49M
Southwest Region Growth			-	-	-	-7.79%	-19.14%
Export			-	-	-	232.04K	3.49M
Export Growth			-	-	-	-93.34%	-24.82%
Total			396.01M	506.78M	678.36M	894.76M	808.28M
Total Growth			-21.86%	-25.29%	-24.18%	10.70%	-28.74%

Source: S&P Global Market Intelligence.