Chengdu Tangyuan Electric Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	491.26	638.23	637.28	433.58	351.84
Other Revenue	-	1.56	2.15	-	-
Revenue	491.26	639.79	639.43	433.58	351.84
Revenue Growth (YoY)	-23.21%	0.06%	47.48%	23.23%	30.78%
Cost of Revenue	308.73	410.77	380.23	217.73	175.32
Gross Profit	182.53	229.02	259.2	215.85	176.52
Selling, General & Admin	89.86	78.75	78.77	69.62	64.86
Research & Development	62.37	73.81	74.92	61.9	54.72
Other Operating Expenses	-23.03	-15.69	-12.52	-11.21	-11.32
Operating Expenses	129.2	160.03	153	133.63	114.79
Operating Income	53.33	68.98	106.2	82.22	61.73
Interest Expense	-	-0.52	-0.26	-	-
Interest & Investment Income	5.68	8.96	9.27	9.42	9.74
Other Non Operating Income (Expenses)	-41.81	-1.77	-1.79	-0.95	-0.94
EBT Excluding Unusual Items	17.21	75.65	113.42	90.69	70.53
Gain (Loss) on Sale of Investments	-0.02	0.06	-0.28	-	0.05
Gain (Loss) on Sale of Assets	0.04	-	-	-	-
Asset Writedown	-0.4	-	-0.03	-0.05	-0.08
Other Unusual Items	-	3.42	2.29	4.05	3.85
Pretax Income	16.83	79.14	115.4	94.69	74.36
Income Tax Expense	0.2	3.02	3.84	3.63	7.87
Earnings From Continuing Operations	16.63	76.11	111.56	91.06	66.49
Minority Interest in Earnings	9.62	-3.24	-3.68	0.17	0.04
Net Income	26.25	72.88	107.88	91.23	66.53
Net Income to Common	26.25	72.88	107.88	91.23	66.53
Net Income Growth	-63.98%	-32.45%	18.25%	37.12%	3.04%
Shares Outstanding (Basic)	144	143	142	141	140
Shares Outstanding (Diluted)	144	143	143	142	142
Shares Change (YoY)	0.44%	0.38%	0.75%	0.02%	1.18%
EPS (Basic)	0.18	0.51	0.76	0.65	0.48
EPS (Diluted)	0.18	0.51	0.76	0.64	0.47
EPS Growth	-64.13%	-32.70%	17.38%	37.10%	1.84%
Free Cash Flow	-21.18	-43.6	93.52	-56.4	22.46
Free Cash Flow Per Share	-0.15	-0.30	0.66	-0.40	0.16
Dividend Per Share	-	0.152	0.225	0.192	0.141
Dividend Growth	-	-32.32%	16.80%	35.90%	53.64%
Gross Margin	37.16%	35.80%	40.54%	49.78%	50.17%
Operating Margin	10.86%	10.78%	16.61%	18.96%	17.54%
Profit Margin	5.34%	11.39%	16.87%	21.04%	18.91%
Free Cash Flow Margin	-4.31%	-6.82%	14.63%	-13.01%	6.38%
EBITDA	71.56	86.2	121.54	89.41	65.3
EBITDA Margin	14.57%	13.47%	19.01%	20.62%	18.56%
D&A For EBITDA	18.23	17.22	15.34	7.19	3.57
EBIT	53.33	68.98	106.2	82.22	61.73
EBIT Margin	10.86%	10.78%	16.61%	18.96%	17.54%
Effective Tax Rate	1.17%	3.82%	3.33%	3.84%	10.58%
Revenue as Reported	-	639.79	639.43	433.58	351.84
Advertising Expenses	-	1.22	1.49	0.64	0.89

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