Thunder Software Technology Co.,Ltd. (SHE:300496)

Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Software Development	2.46B	1.95B	1.84B	2.04B	1.50B
Software Development Growth	26.23%	5.82%	-9.93%	35.89%	57.70%
Technical Services	2.54B	2.24B	1.83B	1.77B	1.35B
Technical Services Growth	13.14%	22.80%	2.93%	30.92%	41.48%
Software License	190.86M	118.19M	153.93M	165.71M	127.85M
Software License Growth	61.48%	-23.21%	-7.11%	29.62%	11.26%
Merchandising and Others	2.59B	1.08B	1.42B	1.46B	1.14B
Merchandising and Others Growth	140.86%	-24.30%	-2.77%	28.25%	89.53%
Total	7.78B	5.38B	5.24B	5.45B	4.13B
Total Growth	44.45%	2.72%	-3.73%	31.96%	57.04%

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
China	4.22B	3.43B	3.52B	3.64B	2.54B
China Growth	23.23%	-2.73%	-3.18%	43.08%	72.22%
Europe and The United States	2.46B	1.03B	950.08M	977.39M	871.25M
Europe and The United States Growth	137.80%	8.73%	-2.79%	12.18%	50.28%
Japan	654.28M	553.07M	439.50M	552.59M	528.76M
Japan Growth	18.30%	25.84%	-20.47%	4.51%	31.08%
Other Countries	444.74M	372.09M	330.04M	277.10M	183.80M
Other Countries Growth	19.53%	12.74%	19.11%	50.76%	9.27%
Total	7.78B	5.38B	5.24B	5.45B	4.13B
Total Growth	44.45%	2.72%	-3.73%	31.96%	57.04%

Source: S&P Global Market Intelligence.