Zhongji Innolight 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	31,548	23,856	10,698	9,618	7,664	6,991
Other Revenue	6.22	6.22	19.76	23.43	31.59	58.28
Revenue	31,554	23,862	10,718	9,642	7,695	7,050
Revenue Growth (YoY)	50.26%	122.64%	11.16%	25.29%	9.16%	48.17%
Cost of Revenue	19,148	15,874	7,283	6,973	5,810	5,313
Gross Profit	12,406	7,988	3,435	2,669	1,885	1,737
Selling, General & Admin	938.94	878.8	558.43	597.53	507.2	475.89
Research & Development	1,447	1,244	739.37	767.02	541.1	506.43
Other Operating Expenses	24.15	21.35	25.36	63	21.01	21.97
Operating Expenses	2,411	2,164	1,331	1,444	1,079	1,013
Operating Income	9,996	5,824	2,104	1,225	806.2	724.14
Interest Expense	-71.75	-53.55	-41.9	-63.36	-82.99	-61.81
Interest & Investment Income	512.31	108.03	427.79	140.84	101.14	237.89
Currency Exchange Gain (Loss)	123.32	123.32	26.85	49.8	-13.09	-7.74
Other Non Operating Income (Expenses)	-140.71	-33.31	-6.02	-1.84	-3.54	-4.17
EBT Excluding Unusual Items	10,419	5,969	2,510	1,350	807.72	888.32
Impairment of Goodwill	-	-	-48.11	-31.4	-	-
Gain (Loss) on Sale of Investments	31.48	34.27	-3.48	52.55	57.71	7.48
Gain (Loss) on Sale of Assets	-11.6	-8.88	-5.75	0.19	2.53	-4.26
Asset Writedown	-49.32	-1.06	-1.83	-154.04	-1.16	-10.92
Other Unusual Items	90.92	59.24	41.21	133.84	93.12	106.34
Pretax Income	10,480	6,052	2,492	1,352	959.92	986.96
Income Tax Expense	1,410	680.66	284.81	117.86	73.42	110.53
Earnings From Continuing Operations	9,070	5,372	2,208	1,234	886.5	876.42
Minority Interest in Earnings	-519.18	-200.29	-34.12	-9.7	-9.52	-10.94
Net Income	8,551	5,171	2,174	1,224	876.98	865.48
Net Income to Common	8,551	5,171	2,174	1,224	876.98	865.48
Net Income Growth	84.67%	137.93%	77.58%	39.57%	1.33%	68.55%
Shares Outstanding (Basic)	1,098	1,096	1,087	1,113	1,015	985
Shares Outstanding (Diluted)	1,119	1,117	1,103	1,113	1,015	993
Shares Change (YoY)	-0.86%	1.24%	-0.84%	9.66%	2.16%	0.85%
EPS (Basic)	7.79	4.72	2.00	1.10	0.86	0.88
EPS (Diluted)	7.64	4.63	1.97	1.10	0.86	0.87
EPS Growth	86.27%	135.03%	79.09%	27.27%	-0.81%	67.13%
Free Cash Flow	4,857	298.43	192.67	1,657	-26.82	-934.38
Free Cash Flow Per Share	4.34	0.27	0.17	1.49	-0.03	-0.94
Dividend Per Share	0.900	0.500	0.321	0.143	0.157	0.086
Dividend Growth	180.02%	55.57%	124.91%	-9.04%	81.83%	44.00%
Gross Margin	39.32%	33.48%	32.05%	27.68%	24.50%	24.64%
Operating Margin	31.68%	24.41%	19.63%	12.71%	10.48%	10.27%
Profit Margin	27.10%	21.67%	20.28%	12.70%	11.40%	12.28%
Free Cash Flow Margin	15.39%	1.25%	1.80%	17.19%	-0.35%	-13.25%
EBITDA	10,757	6,461	2,574	1,670	1,213	1,055
EBITDA Margin	34.09%	27.08%	24.01%	17.32%	15.76%	14.97%
D&A For EBITDA	761.46	636.57	470.06	444.74	406.52	331.03
EBIT	9,996	5,824	2,104	1,225	806.2	724.14
EBIT Margin	31.68%	24.41%	19.63%	12.71%	10.48%	10.27%
Effective Tax Rate	13.46%	11.25%	11.43%	8.72%	7.65%	11.20%
Revenue as Reported	31,554	23,862	10,718	9,642	7,695	7,050
Advertising Expenses	-	7.04	2.7	5.98	4.91	2.12

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.