Sunshine Global Circuits 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,660	1,466	1,537	1,854	1,726	1,223
Other Revenue	92.33	92.33	81.77	114.6	128.13	68.4
Revenue	1,752	1,559	1,619	1,969	1,854	1,291
Revenue Growth (YoY)	11.44%	-3.71%	-17.79%	6.19%	43.60%	12.32%
Cost of Revenue	1,402	1,284	1,236	1,509	1,485	935.46
Gross Profit	349.97	275.14	383.1	459.53	368.93	355.69
Selling, General & Admin	175.8	168.01	184.96	186.22	172.28	160.47
Research & Development	83.16	76.34	85.66	87.07	71.99	53.03
Other Operating Expenses	12.15	9.39	11.44	11.69	8.58	8.34
Operating Expenses	278.62	255.59	281.82	280.29	261.1	223.7
Operating Income	71.35	19.54	101.28	179.24	107.84	131.99
Interest Expense	-18.54	-35.86	-27	-19.19	-23.81	-5.39
Interest & Investment Income	8.13	13.9	12.55	7.67	36.48	22.59
Currency Exchange Gain (Loss)	12.51	12.51	8.84	22.52	-11.89	-16.09
Other Non Operating Income (Expenses)	-1.02	-1.62	9.18	-3.32	-5.8	-2.98
EBT Excluding Unusual Items	72.43	8.47	104.85	186.92	102.81	130.12
Impairment of Goodwill	-2.31	-2.31	-	-	-	-
Gain (Loss) on Sale of Investments	1.97	-0.61	2	1.34	2.66	-1.39
Gain (Loss) on Sale of Assets	-0.54	0.31	0.11	-0.1	-0.41	-2.55
Asset Writedown	-18.11	-7.6	-0.7	-4.45	-0.51	-3.08
Other Unusual Items	6.92	9.14	1.71	21.97	13.78	26.78
Pretax Income	60.36	7.4	107.96	205.68	118.33	149.87
Income Tax Expense	8.81	-3.29	6.1	23.46	11.09	17.1
Earnings From Continuing Operations	51.55	10.69	101.86	182.23	107.24	132.77
Minority Interest in Earnings	0.31	0.69	0.83	-	2.41	0.23
Net Income	51.87	11.38	102.69	182.23	109.64	133
Net Income to Common	51.87	11.38	102.69	182.23	109.64	133
Net Income Growth	-8.23%	-88.91%	-43.65%	66.20%	-17.56%	0.06%
Shares Outstanding (Basic)	307	285	302	294	289	277
Shares Outstanding (Diluted)	307	285	302	299	289	277
Shares Change (YoY)	-1.44%	-5.77%	1.10%	3.53%	4.14%	0.06%
EPS (Basic)	0.17	0.04	0.34	0.62	0.38	0.48
EPS (Diluted)	0.17	0.04	0.34	0.61	0.38	0.48
EPS Growth	-6.89%	-88.23%	-44.26%	60.53%	-20.83%	-
Free Cash Flow	-16.66	-90.05	-73.6	119.96	-347.95	-35.83
Free Cash Flow Per Share	-0.05	-0.32	-0.24	0.40	-1.21	-0.13
Dividend Per Share	0.130	0.130	0.200	0.350	0.270	0.300
Dividend Growth	-35.00%	-35.00%	-42.86%	29.63%	-10.00%	36.36%
Gross Margin	19.98%	17.65%	23.67%	23.34%	19.90%	27.55%
Operating Margin	4.07%	1.25%	6.26%	9.10%	5.82%	10.22%
Profit Margin	2.96%	0.73%	6.34%	9.25%	5.91%	10.30%
Free Cash Flow Margin	-0.95%	-5.78%	-4.55%	6.09%	-18.77%	-2.77%
EBITDA	208.72	154.9	233.96	301.33	187.98	200.92
EBITDA Margin	11.91%	9.94%	14.45%	15.30%	10.14%	15.56%
D&A For EBITDA	137.37	135.35	132.67	122.09	80.14	68.93
EBIT	71.35	19.54	101.28	179.24	107.84	131.99
EBIT Margin	4.07%	1.25%	6.26%	9.10%	5.82%	10.22%
Effective Tax Rate	14.59%	-	5.65%	11.40%	9.37%	11.41%
Revenue as Reported	1,752	1,559	1,619	1,969	1,854	1,291
Advertising Expenses	-	1.58	0.55	0.61	0.47	0.49

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