JiangSu JiuWu Hi-Tech 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	604.54	531.3	754.63	740.14	537.46	528.63
Other Revenue	1.99	1.99	2.37	1.17	2.32	2.64
Revenue	606.53	533.29	757	741.31	539.77	531.27
Revenue Growth (YoY)	5.68%	-29.55%	2.12%	37.34%	1.60%	7.56%
Cost of Revenue	329.98	322.99	534.83	575.46	340.35	305.25
Gross Profit	276.55	210.3	222.17	165.85	199.42	226.02
Selling, General & Admin	117.86	115.6	94.52	85.97	93.13	83.07
Research & Development	55.76	56.23	48.22	42.16	42.94	28.93
Other Operating Expenses	8.55	3.37	1.88	-5.26	6.24	5.16
Operating Expenses	235.32	190.26	196.72	125.93	156.31	126.7
Operating Income	41.23	20.04	25.45	39.92	43.11	99.32
Interest Expense	-2.37	-2.18	-2.23	-1.15	-6.97	-9.71
Interest & Investment Income	22.44	26.23	12.83	2.33	40.06	4.11
Currency Exchange Gain (Loss)	1.6	1.6	0.35	0.99	-0.06	0.05
Other Non Operating Income (Expenses)	-3.06	-2.94	-2.34	-2.17	-1.07	0.19
EBT Excluding Unusual Items	59.84	42.76	34.07	39.92	75.08	93.95
Gain (Loss) on Sale of Investments	0.34	-0.21	0.58	1.25	1.88	1.21
Gain (Loss) on Sale of Assets	3.98	0.12	-0.27	-0	-0.09	-2.36
Asset Writedown	-2.95	-0.97	-	-	-0.03	-2.61
Legal Settlements	-	-	-	2.28	-	-
Other Unusual Items	17.86	5.87	7.92	-0.09	11.53	26.19
Pretax Income	79.07	47.56	42.3	43.37	88.37	116.39
Income Tax Expense	-2.15	-5.47	-3.05	0.14	5.14	16.71
Earnings From Continuing Operations	81.23	53.03	45.35	43.22	83.22	99.68
Minority Interest in Earnings	0.02	-0.01	0	0.05	-13.1	-16.94
Net Income	81.25	53.02	45.35	43.27	70.12	82.73
Net Income to Common	81.25	53.02	45.35	43.27	70.12	82.73
Net Income Growth	50.16%	16.90%	4.80%	-38.29%	-15.24%	48.23%
Shares Outstanding (Basic)	120	123	123	122	111	104
Shares Outstanding (Diluted)	120	123	123	122	111	108
Shares Change (YoY)	-3.62%	0.12%	0.18%	10.04%	3.24%	4.32%
EPS (Basic)	0.67	0.43	0.37	0.35	0.63	0.79
EPS (Diluted)	0.67	0.43	0.37	0.35	0.63	0.77
EPS Growth	55.79%	16.76%	4.61%	-43.92%	-17.90%	42.09%
Free Cash Flow	97.66	77.44	9.79	-122.3	3.64	-47.2
Free Cash Flow Per Share	0.81	0.63	0.08	-1.00	0.03	-0.44
Dividend Per Share	0.180	0.180	0.180	0.070	0.150	0.180
Dividend Growth	-	-	157.14%	-53.33%	-16.67%	20.00%
Gross Margin	45.59%	39.43%	29.35%	22.37%	36.95%	42.54%
Operating Margin	6.80%	3.76%	3.36%	5.38%	7.99%	18.70%
Profit Margin	13.40%	9.94%	5.99%	5.84%	12.99%	15.57%
Free Cash Flow Margin	16.10%	14.52%	1.29%	-16.50%	0.67%	-8.88%
EBITDA	80.92	57.04	58.86	65.79	67.59	117.53
EBITDA Margin	13.34%	10.70%	7.78%	8.88%	12.52%	22.12%
D&A For EBITDA	39.7	37	33.41	25.87	24.48	18.22
EBIT	41.23	20.04	25.45	39.92	43.11	99.32
EBIT Margin	6.80%	3.76%	3.36%	5.38%	7.99%	18.70%
Effective Tax Rate	-	-	-	0.33%	5.82%	14.36%
Revenue as Reported	606.53	533.29	757	-	539.77	531.27
Advertising Expenses	-	1.46	2.31	0.48	1.89	3.14

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