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	Sep '26 Sep 30, 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	82,697	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	82,782	38,240	23,862	10,718	9,642	7,695
Revenue Growth	162.35%	60.25%	122.64%	11.16%	25.29%	9.16%
Cost of Revenue	44,750	22,286	15,874	7,283	6,973	5,810
Gross Profit	38,032	15,954	7,988	3,435	2,669	1,885
Selling, General & Admin	1,676	987.05	878.8	558.43	597.53	507.2
Research & Development	2,533	1,615	1,244	739.37	767.02	541.1
Other Operating Expenses	234.54	-28.91	21.35	25.36	63	21.01
Operating Expenses	4,468	2,573	2,144	1,331	1,444	1,079
Operating Income	33,564	13,380	5,844	2,104	1,225	806.2
Interest Expense	-57.89	-62.59	-53.55	-41.9	-63.36	-82.99
Interest & Investment Income	693.82	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)	-1,323	-52.55	-34.36	-6.02	-1.84	-3.54
EBT Excluding Unusual Items	32,559	13,570	5,987	2,510	1,350	807.72
Impairment of Goodwill	-	-	-	-48.11	-31.4	-
Gain (Loss) on Sale of Investments	-31.44	13.63	34.27	-3.48	52.55	57.71
Gain (Loss) on Sale of Assets	-4.93	-11.86	-8.88	-5.75	0.19	2.53
Asset Writedown	47.31	-5.15	-1.06	-1.83	-154.04	-1.16
Other Unusual Items	27.2	32.84	40.86	41.21	133.84	93.12
Pretax Income	32,597	13,600	6,052	2,492	1,352	959.92
Income Tax Expense	4,492	2,020	680.66	284.81	117.86	73.42
Earnings From Continuing Operations	28,105	11,580	5,372	2,208	1,234	886.5
Minority Interest in Earnings	-2,202	-782.5	-200.29	-34.12	-9.7	-9.52
Net Income	25,903	10,797	5,171	2,174	1,224	876.98
Net Income to Common	25,903	10,797	5,171	2,174	1,224	876.98
Net Income Growth	202.94%	108.78%	137.93%	77.58%	39.57%	1.33%
Shares Outstanding (Basic)	1,120	1,102	1,096	1,087	1,113	1,015
Shares Outstanding (Diluted)	1,125	1,112	1,117	1,103	1,113	1,015
Shares Change	0.51%	-0.45%	1.24%	-0.84%	9.66%	2.16%
EPS (Basic)	23.14	9.80	4.72	2.00	1.10	0.86
EPS (Diluted)	23.03	9.71	4.63	1.97	1.10	0.86
EPS Growth	201.41%	109.72%	135.03%	79.09%	27.27%	-0.81%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	3,143	8,136	298.43	192.67	1,657	-26.82
Free Cash Flow Per Share	2.79	7.32	0.27	0.17	1.49	-0.03
Dividend Per Share	2.200	1.400	0.500	0.321	0.143	0.157
Dividend Growth	144.44%	180.00%	55.57%	124.91%	-9.04%	81.83%
Gross Margin	45.94%	41.72%	33.48%	32.05%	27.68%	24.50%
Operating Margin	40.54%	34.99%	24.49%	19.63%	12.71%	10.48%
Profit Margin	31.29%	28.24%	21.67%	20.28%	12.70%	11.40%
Free Cash Flow Margin	3.80%	21.28%	1.25%	1.80%	17.19%	-0.35%
EBITDA	34,474	14,176	6,487	2,574	1,670	1,213
EBITDA Margin	41.64%	37.07%	27.19%	24.01%	17.32%	15.76%
D&A For EBITDA	910.12	795.85	643.48	470.06	444.74	406.52
EBIT	33,564	13,380	5,844	2,104	1,225	806.2
EBIT Margin	40.54%	34.99%	24.49%	19.63%	12.71%	10.48%
Effective Tax Rate	13.78%	14.85%	11.25%	11.43%	8.72%	7.65%
Revenue as Reported	82,782	38,240	23,862	10,718	9,642	7,695
Advertising Expenses	-	8.49	7.04	2.7	5.98	4.91