Chengdu Tangyuan Electric 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	590.5	638.23	637.28	433.58	351.84	269.02
Other Revenue	1.56	1.56	2.15	-	-	-
Revenue	592.06	639.79	639.43	433.58	351.84	269.02
Revenue Growth (YoY)	-19.95%	0.06%	47.48%	23.23%	30.78%	-12.87%
Cost of Revenue	372.24	410.77	380.23	217.73	175.32	123.58
Gross Profit	219.83	229.02	259.2	215.85	176.52	145.44
Selling, General & Admin	88.07	78.75	78.77	69.62	64.86	54.31
Research & Development	66.2	73.81	74.92	61.9	54.72	51.8
Other Operating Expenses	-17.38	-15.69	-12.52	-11.21	-11.32	-12.62
Operating Expenses	167.3	160.03	153	133.63	114.79	97.01
Operating Income	52.53	68.98	106.2	82.22	61.73	48.44
Interest Expense	-0.57	-0.52	-0.26	-	-	-
Interest & Investment Income	7.58	8.96	9.27	9.42	9.74	11.19
Other Non Operating Income (Expenses)	-1.47	-1.77	-1.79	-0.95	-0.94	-1.2
EBT Excluding Unusual Items	58.07	75.65	113.42	90.69	70.53	58.43
Gain (Loss) on Sale of Investments	-0.01	0.06	-0.28	-	0.05	-
Gain (Loss) on Sale of Assets	-0.05	-	-	-	-	-0.01
Asset Writedown	-0.78	-	-0.03	-0.05	-0.08	-0.04
Other Unusual Items	3.51	3.42	2.29	4.05	3.85	11.35
Pretax Income	60.74	79.14	115.4	94.69	74.36	69.72
Income Tax Expense	-0.66	3.02	3.84	3.63	7.87	5.16
Earnings From Continuing Operations	61.4	76.11	111.56	91.06	66.49	64.57
Minority Interest in Earnings	-3.68	-3.24	-3.68	0.17	0.04	-
Net Income	57.72	72.88	107.88	91.23	66.53	64.57
Net Income to Common	57.72	72.88	107.88	91.23	66.53	64.57
Net Income Growth	-49.58%	-32.45%	18.25%	37.12%	3.04%	-22.62%
Shares Outstanding (Basic)	144	143	142	141	140	140
Shares Outstanding (Diluted)	144	143	143	142	142	140
Shares Change (YoY)	0.59%	0.38%	0.75%	0.02%	1.18%	20.00%
EPS (Basic)	0.40	0.51	0.76	0.65	0.48	0.46
EPS (Diluted)	0.40	0.51	0.76	0.64	0.47	0.46
EPS Growth	-49.87%	-32.70%	17.38%	37.10%	1.84%	-35.51%
Free Cash Flow	-94.95	-43.6	93.52	-56.4	22.46	38.51
Free Cash Flow Per Share	-0.66	-0.30	0.66	-0.40	0.16	0.28
Dividend Per Share	0.152	0.152	0.225	0.192	0.141	0.092
Dividend Growth	-32.32%	-32.32%	16.80%	35.90%	53.64%	-22.80%
Gross Margin	37.13%	35.80%	40.54%	49.78%	50.17%	54.06%
Operating Margin	8.87%	10.78%	16.61%	18.96%	17.54%	18.00%
Profit Margin	9.75%	11.39%	16.87%	21.04%	18.91%	24.00%
Free Cash Flow Margin	-16.04%	-6.82%	14.63%	-13.01%	6.38%	14.31%
EBITDA	71.15	86.2	121.54	89.41	65.3	51.14
EBITDA Margin	12.02%	13.47%	19.01%	20.62%	18.56%	19.01%
D&A For EBITDA	18.63	17.22	15.34	7.19	3.57	2.7
EBIT	52.53	68.98	106.2	82.22	61.73	48.44
EBIT Margin	8.87%	10.78%	16.61%	18.96%	17.54%	18.00%
Effective Tax Rate	-	3.82%	3.33%	3.84%	10.58%	7.40%
Revenue as Reported	592.06	639.79	639.43	433.58	351.84	269.02
Advertising Expenses	-	1.22	1.49	0.64	0.89	1.65

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