Zhongji Innolight Income Statement

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 2022	FY 2021
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
Operating Revenue	38,155	23,856	10,698	9,618	7,664
Other Revenue	85.28	6.22	19.76	23.43	31.59
Revenue	38,240	23,862	10,718	9,642	7,695
Revenue Growth (YoY)	60.25%	122.64%	11.16%	25.29%	9.16%
Cost of Revenue	22,286	15,874	7,283	6,973	5,810
Gross Profit	15,954	7,988	3,435	2,669	1,885
Selling, General & Admin	987.05	878.8	558.43	597.53	507.2
Research & Development	1,615	1,244	739.37	767.02	541.1
Other Operating Expenses	-68.31	-33.86	25.36	63	21.01
Operating Expenses	2,534	2,089	1,331	1,444	1,079
Operating Income	13,419	5,899	2,104	1,225	806.2
Interest Expense	-62.59	-53.55	-41.9	-63.36	-82.99
Interest & Investment Income	623.19	108.03	427.79	140.84	101.14
Currency Exchange Gain (Loss)	-317.97	123.32	26.85	49.8	-13.09
Other Non Operating Income (Expenses)	-52.55	-34.36	-6.02	-1.84	-3.54
EBT Excluding Unusual Items	13,610	6,042	2,510	1,350	807.72
Impairment of Goodwill	-	-	-48.11	-31.4	-
Gain (Loss) on Sale of Investments	13.63	34.27	-3.48	52.55	57.71
Gain (Loss) on Sale of Assets	-11.86	-8.88	-5.75	0.19	2.53
Asset Writedown	-5.15	-1.06	-1.83	-154.04	-1.16
Other Unusual Items	-6.57	-14.35	41.21	133.84	93.12
Pretax Income	13,600	6,052	2,492	1,352	959.92
Income Tax Expense	2,020	680.66	284.81	117.86	73.42
Earnings From Continuing Operations	11,580	5,372	2,208	1,234	886.5
Minority Interest in Earnings	-782.5	-200.29	-34.12	-9.7	-9.52
Net Income	10,797	5,171	2,174	1,224	876.98
Net Income to Common	10,797	5,171	2,174	1,224	876.98
Net Income Growth	108.78%	137.93%	77.58%	39.57%	1.33%
Shares Outstanding (Basic)	1,102	1,096	1,087	1,113	1,015
Shares Outstanding (Diluted)	1,112	1,117	1,103	1,113	1,015
Shares Change (YoY)	-0.45%	1.24%	-0.84%	9.66%	2.16%
EPS (Basic)	9.80	4.72	2.00	1.10	0.86
EPS (Diluted)	9.71	4.63	1.97	1.10	0.86
EPS Growth	109.72%	135.03%	79.09%	27.27%	-0.81%
Free Cash Flow	8,136	298.43	192.67	1,657	-26.82
Free Cash Flow Per Share	7.32	0.27	0.17	1.49	-0.03
Dividend Per Share	1.000	0.500	0.321	0.143	0.157
Dividend Growth	100.00%	55.57%	124.91%	-9.04%	81.83%
Gross Margin	41.72%	33.48%	32.05%	27.68%	24.50%
Operating Margin	35.09%	24.72%	19.63%	12.71%	10.48%
Profit Margin	28.24%	21.67%	20.28%	12.70%	11.40%
Free Cash Flow Margin	21.28%	1.25%	1.80%	17.19%	-0.35%
EBITDA	14,215	6,543	2,574	1,670	1,213
EBITDA Margin	37.17%	27.42%	24.01%	17.32%	15.76%
D&A For EBITDA	795.85	643.48	470.06	444.74	406.52
EBIT	13,419	5,899	2,104	1,225	806.2
EBIT Margin	35.09%	24.72%	19.63%	12.71%	10.48%
Effective Tax Rate	14.85%	11.25%	11.43%	8.72%	7.65%
Revenue as Reported	38,240	23,862	10,718	9,642	7,695
Advertising Expenses	8.49	7.04	2.7	5.98	4.91

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.