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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	673.41	633.4	531.3	754.63	740.14	537.46
Other Revenue	-	-	1.99	2.37	1.17	2.32
Revenue	673.41	633.4	533.29	757	741.31	539.77
Revenue Growth (YoY)	25.03%	18.77%	-29.55%	2.12%	37.34%	1.60%
Cost of Revenue	396.07	365.26	322.99	534.83	575.46	340.35
Gross Profit	277.33	268.13	210.3	222.17	165.85	199.42
Selling, General & Admin	109.82	110.74	115.6	94.52	85.97	93.13
Research & Development	55.44	53.7	56.23	48.22	42.16	42.94
Other Operating Expenses	-5.75	-8.67	3.37	1.88	-5.26	6.24
Operating Expenses	159.51	155.77	190.26	196.72	125.93	156.31
Operating Income	117.82	112.37	20.04	25.45	39.92	43.11
Interest Expense	-	-	-2.18	-2.23	-1.15	-6.97
Interest & Investment Income	16.27	17.44	26.23	12.83	2.33	40.06
Currency Exchange Gain (Loss)	-	-	1.6	0.35	0.99	-0.06
Other Non Operating Income (Expenses)	-54.56	-49.32	-2.94	-2.34	-2.17	-1.07
EBT Excluding Unusual Items	79.54	80.49	42.76	34.07	39.92	75.08
Gain (Loss) on Sale of Investments	0.52	1.76	-0.21	0.58	1.25	1.88
Gain (Loss) on Sale of Assets	3.88	3.88	0.12	-0.27	-0	-0.09
Asset Writedown	-3.99	-4.17	-0.97	-	-	-0.03
Legal Settlements	-	-	-	-	2.28	-
Other Unusual Items	-	-	5.87	7.92	-0.09	11.53
Pretax Income	79.95	81.95	47.56	42.3	43.37	88.37
Income Tax Expense	8.09	8.26	-5.47	-3.05	0.14	5.14
Earnings From Continuing Operations	71.86	73.69	53.03	45.35	43.22	83.22
Minority Interest in Earnings	-0.02	-0.02	-0.01	0	0.05	-13.1
Net Income	71.84	73.67	53.02	45.35	43.27	70.12
Net Income to Common	71.84	73.67	53.02	45.35	43.27	70.12
Net Income Growth	26.80%	38.97%	16.90%	4.80%	-38.29%	-15.24%
Shares Outstanding (Basic)	123	123	123	123	122	111
Shares Outstanding (Diluted)	124	123	123	123	122	111
Shares Change (YoY)	0.56%	0.20%	0.12%	0.18%	10.04%	3.24%
EPS (Basic)	0.58	0.60	0.43	0.37	0.35	0.63
EPS (Diluted)	0.58	0.60	0.43	0.37	0.35	0.63
EPS Growth	26.10%	38.69%	16.76%	4.61%	-43.92%	-17.90%
Free Cash Flow	190.51	198.12	77.44	9.79	-122.3	3.64
Free Cash Flow Per Share	1.54	1.61	0.63	0.08	-1.00	0.03
Dividend Per Share	-	-	0.180	0.180	0.070	0.150
Dividend Growth	-	-	-	157.14%	-53.33%	-16.67%
Gross Margin	41.18%	42.33%	39.43%	29.35%	22.37%	36.95%
Operating Margin	17.50%	17.74%	3.76%	3.36%	5.38%	7.99%
Profit Margin	10.67%	11.63%	9.94%	5.99%	5.84%	12.99%
Free Cash Flow Margin	28.29%	31.28%	14.52%	1.29%	-16.50%	0.67%
EBITDA	158.01	151.92	57.04	58.86	65.79	67.59
EBITDA Margin	23.46%	23.98%	10.70%	7.78%	8.88%	12.52%
D&A For EBITDA	40.18	39.55	37	33.41	25.87	24.48
EBIT	117.82	112.37	20.04	25.45	39.92	43.11
EBIT Margin	17.50%	17.74%	3.76%	3.36%	5.38%	7.99%
Effective Tax Rate	10.11%	10.08%	-	-	0.33%	5.82%
Revenue as Reported	-	-	533.29	757	-	539.77
Advertising Expenses	-	-	1.46	2.31	0.48	1.89

Source: S&P Global Market Intelligence. Standard template. Financial Sources.