T&S Communications 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	1,676	1,378	884.46	931.68	644.22	570.49
Other Revenue	0.01	0.01	0.31	1.82	2.1	3.15
Revenue	1,676	1,378	884.78	933.51	646.33	573.64
Revenue Growth (YoY)	42.34%	55.73%	-5.22%	44.43%	12.67%	-23.84%
Cost of Revenue	1,065	919.64	640.15	646.05	474.54	415.22
Gross Profit	610.88	458.18	244.62	287.46	171.79	158.42
Selling, General & Admin	158.95	118.24	64.25	80.44	56.91	50.84
Research & Development	70.13	70.64	55.3	67.18	36.46	34.7
Other Operating Expenses	11.39	7.44	-1.12	1.78	4.85	1
Operating Expenses	251.11	200.32	125.61	153.81	100.38	91.04
Operating Income	359.77	257.86	119.01	133.65	71.41	67.38
Interest Expense	-0.28	-0.08	-0.03	-0.05	-0.04	-
Interest & Investment Income	36.31	23.07	22.65	6.12	8.65	19.6
Currency Exchange Gain (Loss)	12.81	12.81	9.54	58.06	-13.14	-18.13
Other Non Operating Income (Expenses)	-5.18	-0.98	-0.31	-0.13	-0.04	-0.32
EBT Excluding Unusual Items	403.43	292.68	150.86	197.64	66.84	68.54
Gain (Loss) on Sale of Investments	5.2	5.06	4.8	-1.37	-	1.66
Gain (Loss) on Sale of Assets	-0.22	-	-	-	0.46	0.07
Asset Writedown	16.18	-0.2	-0.37	-0.87	-0.58	-0.08
Other Unusual Items	8.72	6.01	8.8	6.23	11.07	13.3
Pretax Income	433.31	303.54	164.09	201.63	77.79	83.49
Income Tax Expense	46.77	33.73	12.34	23.2	7.17	11.31
Earnings From Continuing Operations	386.54	269.81	151.75	178.43	70.63	72.19
Minority Interest in Earnings	-10.75	-8.55	3.34	1.61	1.13	3.43
Net Income	375.78	261.26	155.09	180.04	71.76	75.62
Net Income to Common	375.78	261.26	155.09	180.04	71.76	75.62
Net Income Growth	91.66%	68.45%	-13.86%	150.91%	-5.10%	-55.01%
Shares Outstanding (Basic)	228	227	225	222	224	229
Shares Outstanding (Diluted)	228	227	225	228	224	229
Shares Change (YoY)	0.40%	1.07%	-1.38%	1.63%	-2.14%	-0.47%
EPS (Basic)	1.65	1.15	0.69	0.81	0.32	0.33
EPS (Diluted)	1.65	1.15	0.69	0.79	0.32	0.33
EPS Growth	90.90%	66.67%	-12.66%	146.88%	-3.03%	-54.80%
Free Cash Flow	122.37	127.44	104.85	80.66	45.02	-26.26
Free Cash Flow Per Share	0.54	0.56	0.47	0.35	0.20	-0.12
Dividend Per Share	0.800	0.800	0.500	0.500	0.300	0.300
Dividend Growth	60.00%	60.00%	-	66.67%	-	-33.33%
Gross Margin	36.44%	33.25%	27.65%	30.79%	26.58%	27.62%
Operating Margin	21.46%	18.71%	13.45%	14.32%	11.05%	11.75%
Profit Margin	22.42%	18.96%	17.53%	19.29%	11.10%	13.18%
Free Cash Flow Margin	7.30%	9.25%	11.85%	8.64%	6.97%	-4.58%
EBITDA	389.83	290.29	154.61	168.22	103.81	95.8
EBITDA Margin	23.26%	21.07%	17.47%	18.02%	16.06%	16.70%
D&A For EBITDA	30.06	32.43	35.6	34.57	32.4	28.42
EBIT	359.77	257.86	119.01	133.65	71.41	67.38
EBIT Margin	21.46%	18.71%	13.45%	14.32%	11.05%	11.75%
Effective Tax Rate	10.79%	11.11%	7.52%	11.51%	9.21%	13.54%
Revenue as Reported	1,676	1,378	884.78	933.51	646.33	573.64

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