VT Industrial Technology Co.,Ltd (SHE:300707)

SHE:300707 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	743.05	814.84	767.41	777	688.01	540.2
Other Revenue	50.88	50.88	51.73	46.04	33.39	14.4
Revenue	793.93	865.72	819.15	823.04	721.4	554.6
Revenue Growth (YoY)	-11.80%	5.69%	-0.47%	14.09%	30.08%	37.55%
Cost of Revenue	644.05	703.23	648.62	632.6	539.86	399.04
Gross Profit	149.88	162.49	170.53	190.44	181.53	155.56
Selling, General & Admin	81.65	81.48	82.94	78.53	78.36	74.29
Research & Development	32.8	34.43	32.38	26.88	31.87	20.39
Other Operating Expenses	6.91	6.89	6	6.5	5.19	5.71
Operating Expenses	120.81	122.14	127.2	121.91	116.51	108.52
Operating Income	29.08	40.34	43.33	68.53	65.02	47.05
Interest Expense	-22.87	-23.33	-25.67	-11.12	-2.35	-2.35
Interest & Investment Income	9.65	10.37	5.82	1.18	1.09	0.99
Currency Exchange Gain (Loss)	-2.91	-2.91	5.61	22.73	-9.31	-11.06
Other Non Operating Income (Expenses)	7.85	-2.39	-0.85	-3.07	-0.84	-0.55
EBT Excluding Unusual Items	20.81	22.08	28.24	78.25	53.62	34.06
Impairment of Goodwill	-	-	-5.39	-	-	-
Gain (Loss) on Sale of Investments	-0.46	-2.71	-6.61	-11.01	0.37	-
Gain (Loss) on Sale of Assets	0.26	0.18	-0.81	-0.8	0.06	0.11
Asset Writedown	5.76	-0.03	-2.08	-0	-0.01	-
Other Unusual Items	2.36	1.94	11.02	1.51	3.24	2.99
Pretax Income	29.71	22.45	24.91	67.94	57.28	37.16
Income Tax Expense	6.38	2.45	5.54	10.49	8.87	5.57
Earnings From Continuing Operations	23.33	20	19.36	57.45	48.41	31.59
Minority Interest in Earnings	0.25	0.86	0.95	0.24	0.36	0.19
Net Income	23.58	20.86	20.32	57.69	48.77	31.78
Net Income to Common	23.58	20.86	20.32	57.69	48.77	31.78
Net Income Growth	-33.34%	2.70%	-64.78%	18.30%	53.44%	-13.44%
Shares Outstanding (Basic)	175	174	177	157	157	157
Shares Outstanding (Diluted)	175	175	192	171	171	157
Shares Change (YoY)	-15.27%	-8.83%	11.86%	-0.07%	9.03%	0.44%
EPS (Basic)	0.13	0.12	0.11	0.37	0.31	0.20
EPS (Diluted)	0.13	0.12	0.11	0.34	0.28	0.20
EPS Growth	-21.32%	12.64%	-68.52%	18.39%	40.72%	-13.82%
Free Cash Flow	59.95	-43.39	104.09	-28.14	-115.35	-37.84
Free Cash Flow Per Share	0.34	-0.25	0.54	-0.16	-0.67	-0.24
Dividend Per Share	0.060	0.060	0.020	0.060	0.040	0.030
Dividend Growth	20.00%	200.00%	-66.67%	50.00%	33.33%	-25.00%
Gross Margin	18.88%	18.77%	20.82%	23.14%	25.16%	28.05%
Operating Margin	3.66%	4.66%	5.29%	8.33%	9.01%	8.48%
Profit Margin	2.97%	2.41%	2.48%	7.01%	6.76%	5.73%
Free Cash Flow Margin	7.55%	-5.01%	12.71%	-3.42%	-15.99%	-6.82%
EBITDA	84.32	92.99	92.5	105.93	97.92	79
EBITDA Margin	10.62%	10.74%	11.29%	12.87%	13.57%	14.24%
D&A For EBITDA	55.25	52.65	49.18	37.4	32.9	31.96
EBIT	29.08	40.34	43.33	68.53	65.02	47.05
EBIT Margin	3.66%	4.66%	5.29%	8.33%	9.01%	8.48%
Effective Tax Rate	21.47%	10.90%	22.26%	15.44%	15.48%	14.99%
Revenue as Reported	793.93	865.72	819.15	823.04	721.4	554.6
Advertising Expenses	-	0.02	0.39	0.37	0.11	0.39

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