Shanghai YongLi Belting 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	2,441	2,364	2,222	2,010	2,094	3,117
Other Revenue	17.12	17.12	15.8	12.34	6.33	96.04
Revenue	2,459	2,381	2,238	2,022	2,101	3,213
Revenue Growth (YoY)	5.92%	6.38%	10.69%	-3.75%	-34.62%	0.14%
Cost of Revenue	1,686	1,638	1,533	1,359	1,456	2,417
Gross Profit	772.24	743.21	705.37	663.11	644.86	795.75
Selling, General & Admin	429.72	418.72	396.12	357.64	321.04	372.48
Research & Development	88.28	87.11	74.82	69.39	66.7	115.91
Other Operating Expenses	11.97	9.79	2.06	4.96	11.65	16.77
Operating Expenses	539.98	520.04	476.15	435.75	395.28	513.14
Operating Income	232.26	223.17	229.22	227.36	249.58	282.62
Interest Expense	-13.58	-14.99	-20.05	-21.39	-12.41	-21.26
Interest & Investment Income	42.65	44.71	47.36	48.94	26.21	11.51
Currency Exchange Gain (Loss)	-14.41	-14.41	-12.2	9.73	6.35	-1.93
Other Non Operating Income (Expenses)	-15.53	-1.94	3.9	-0.52	-1.18	-16.52
EBT Excluding Unusual Items	231.39	236.54	248.23	264.13	268.56	254.41
Gain (Loss) on Sale of Investments	2.07	-	-	0.46	-2.06	-30.09
Gain (Loss) on Sale of Assets	-0.99	-0.67	5.84	145.23	0.14	0.08
Asset Writedown	7.16	-0.08	-0.18	-0.13	-0.21	-0.03
Other Unusual Items	0.68	0.52	9.43	10.72	21.72	32.78
Pretax Income	240.31	236.31	263.33	420.43	288.14	257.25
Income Tax Expense	59.32	60.37	35.92	36.29	42.02	39.74
Earnings From Continuing Operations	180.99	175.95	227.41	384.14	246.12	217.51
Minority Interest in Earnings	-2.72	-4.99	-4.41	-7.9	-1.45	-16.82
Net Income	178.27	170.95	223.01	376.23	244.67	200.69
Net Income to Common	178.27	170.95	223.01	376.23	244.67	200.69
Net Income Growth	-19.54%	-23.34%	-40.73%	53.77%	21.91%	-
Shares Outstanding (Basic)	813	813	814	816	816	816
Shares Outstanding (Diluted)	813	813	814	816	816	816
Shares Change (YoY)	-0.01%	-0.11%	-0.24%	0.00%	-0.01%	0.00%
EPS (Basic)	0.22	0.21	0.27	0.46	0.30	0.25
EPS (Diluted)	0.22	0.21	0.27	0.46	0.30	0.25
EPS Growth	-19.54%	-23.26%	-40.59%	53.77%	21.92%	-
Free Cash Flow	169.35	266.28	76.5	-21	303.61	40.97
Free Cash Flow Per Share	0.21	0.33	0.09	-0.03	0.37	0.05
Dividend Per Share	0.185	0.185	0.065	0.125	-	-
Dividend Growth	184.62%	184.62%	-48.00%	-	-	-
Gross Margin	31.41%	31.21%	31.52%	32.80%	30.70%	24.77%
Operating Margin	9.45%	9.37%	10.24%	11.24%	11.88%	8.79%
Profit Margin	7.25%	7.18%	9.96%	18.61%	11.65%	6.25%
Free Cash Flow Margin	6.89%	11.18%	3.42%	-1.04%	14.45%	1.27%
EBITDA	343	330.99	325.34	327.95	351.65	416.01
EBITDA Margin	13.95%	13.90%	14.54%	16.22%	16.74%	12.95%
D&A For EBITDA	110.74	107.82	96.13	100.59	102.08	133.4
EBIT	232.26	223.17	229.22	227.36	249.58	282.62
EBIT Margin	9.45%	9.37%	10.24%	11.24%	11.88%	8.79%
Effective Tax Rate	24.69%	25.55%	13.64%	8.63%	14.58%	15.45%
Revenue as Reported	2,459	2,381	2,238	2,022	2,101	3,213
Advertising Expenses	-	2.61	2.03	2.04	0.87	1.82

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