Zhongji Innolight 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	50,977	38,155	23,856	10,698	9,618	7,664
Other Revenue	85.28	85.28	6.22	19.76	23.43	31.59
Revenue	51,062	38,240	23,862	10,718	9,642	7,695
Revenue Growth (YoY)	98.73%	60.25%	122.64%	11.16%	25.29%	9.16%
Cost of Revenue	28,578	22,286	15,874	7,283	6,973	5,810
Gross Profit	22,484	15,954	7,988	3,435	2,669	1,885
Selling, General & Admin	1,277	987.05	878.8	558.43	597.53	507.2
Research & Development	1,970	1,615	1,244	739.37	767.02	541.1
Other Operating Expenses	19.65	-68.31	-33.86	25.36	63	21.01
Operating Expenses	3,281	2,534	2,089	1,331	1,444	1,079
Operating Income	19,203	13,419	5,899	2,104	1,225	806.2
Interest Expense	-58.61	-62.59	-53.55	-41.9	-63.36	-82.99
Interest & Investment Income	671.19	623.19	108.03	427.79	140.84	101.14
Currency Exchange Gain (Loss)	-317.97	-317.97	123.32	26.85	49.8	-13.09
Other Non Operating Income (Expenses)	-366.54	-52.55	-34.36	-6.02	-1.84	-3.54
EBT Excluding Unusual Items	19,131	13,610	6,042	2,510	1,350	807.72
Impairment of Goodwill	-	-	-	-48.11	-31.4	-
Gain (Loss) on Sale of Investments	13.6	13.63	34.27	-3.48	52.55	57.71
Gain (Loss) on Sale of Assets	-9.1	-11.86	-8.88	-5.75	0.19	2.53
Asset Writedown	16.22	-5.15	-1.06	-1.83	-154.04	-1.16
Other Unusual Items	-5.79	-6.57	-14.35	41.21	133.84	93.12
Pretax Income	19,146	13,600	6,052	2,492	1,352	959.92
Income Tax Expense	2,940	2,020	680.66	284.81	117.86	73.42
Earnings From Continuing Operations	16,206	11,580	5,372	2,208	1,234	886.5
Minority Interest in Earnings	-1,257	-782.5	-200.29	-34.12	-9.7	-9.52
Net Income	14,949	10,797	5,171	2,174	1,224	876.98
Net Income to Common	14,949	10,797	5,171	2,174	1,224	876.98
Net Income Growth	160.20%	108.78%	137.93%	77.58%	39.57%	1.33%
Shares Outstanding (Basic)	1,104	1,102	1,096	1,087	1,113	1,015
Shares Outstanding (Diluted)	1,114	1,112	1,117	1,103	1,113	1,015
Shares Change (YoY)	-0.20%	-0.45%	1.24%	-0.84%	9.66%	2.16%
EPS (Basic)	13.54	9.80	4.72	2.00	1.10	0.86
EPS (Diluted)	13.42	9.71	4.63	1.97	1.10	0.86
EPS Growth	160.73%	109.72%	135.03%	79.09%	27.27%	-0.81%
Free Cash Flow	7,812	8,136	298.43	192.67	1,657	-26.82
Free Cash Flow Per Share	7.01	7.32	0.27	0.17	1.49	-0.03
Dividend Per Share	1.400	1.400	0.500	0.321	0.143	0.157
Dividend Growth	180.00%	180.00%	55.57%	124.91%	-9.04%	81.83%
Gross Margin	44.03%	41.72%	33.48%	32.05%	27.68%	24.50%
Operating Margin	37.61%	35.09%	24.72%	19.63%	12.71%	10.48%
Profit Margin	29.28%	28.24%	21.67%	20.28%	12.70%	11.40%
Free Cash Flow Margin	15.30%	21.28%	1.25%	1.80%	17.19%	-0.35%
EBITDA	20,037	14,215	6,543	2,574	1,670	1,213
EBITDA Margin	39.24%	37.17%	27.42%	24.01%	17.32%	15.76%
D&A For EBITDA	833.94	795.85	643.48	470.06	444.74	406.52
EBIT	19,203	13,419	5,899	2,104	1,225	806.2
EBIT Margin	37.61%	35.09%	24.72%	19.63%	12.71%	10.48%
Effective Tax Rate	15.35%	14.85%	11.25%	11.43%	8.72%	7.65%
Revenue as Reported	51,062	38,240	23,862	10,718	9,642	7,695
Advertising Expenses	-	8.49	7.04	2.7	5.98	4.91

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