Zhe Kuang Heavy Industry 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	599.14	650.68	544.2	691.35	571.32	461.56
Other Revenue	2.43	2.43	3.76	3.45	1.93	1.26
Revenue	601.57	653.11	547.97	694.8	573.25	462.82
Revenue Growth (YoY)	10.69%	19.19%	-21.13%	21.20%	23.86%	25.29%
Cost of Revenue	411.28	441.58	325.72	406.11	322.92	261.41
Gross Profit	190.29	211.53	222.24	288.7	250.33	201.41
Selling, General & Admin	74.66	77.35	63.19	52.52	57.12	46.06
Research & Development	19.1	20.88	20.32	21.81	17.79	14.7
Other Operating Expenses	8.86	3.93	5.3	3.74	1.5	2.73
Operating Expenses	129.27	123.18	99.81	88.89	82.31	68.21
Operating Income	61.02	88.35	122.43	199.81	168.02	133.2
Interest Expense	-0.85	-0.85	-7.79	-0.08	-	-
Interest & Investment Income	5.46	5.46	12.32	14.79	13.1	6.7
Currency Exchange Gain (Loss)	0.57	0.57	-0.07	4.57	-1.32	-3.86
Other Non Operating Income (Expenses)	-11.21	-2.34	-1.05	-0.95	-0.13	-0.5
EBT Excluding Unusual Items	55.37	91.2	125.85	218.14	179.67	135.54
Gain (Loss) on Sale of Investments	-	-	-	-1.89	0.65	-
Gain (Loss) on Sale of Assets	-	-	0	-0.02	-	-
Asset Writedown	-0.09	-	-	-	-0.02	-
Other Unusual Items	6.23	5.97	1.72	-0.15	3.49	6.77
Pretax Income	61.51	97.16	127.58	216.07	183.8	142.31
Income Tax Expense	13.78	17.03	20.73	29.52	26.2	21.17
Earnings From Continuing Operations	47.73	80.13	106.84	186.55	157.6	121.14
Minority Interest in Earnings	-6.4	-0.27	0.17	-	-	-
Net Income	41.33	79.87	107.01	186.55	157.6	121.14
Net Income to Common	41.33	79.87	107.01	186.55	157.6	121.14
Net Income Growth	-39.60%	-25.36%	-42.64%	18.37%	30.10%	25.93%
Shares Outstanding (Basic)	100	100	100	100	100	88
Shares Outstanding (Diluted)	111	106	100	100	100	88
Shares Change (YoY)	11.46%	6.48%	0.25%	0.01%	13.63%	16.80%
EPS (Basic)	0.41	0.80	1.07	1.87	1.58	1.38
EPS (Diluted)	0.37	0.75	1.07	1.87	1.58	1.38
EPS Growth	-45.81%	-29.91%	-42.78%	18.35%	14.49%	7.81%
Free Cash Flow	35.32	27.04	-20.49	-57.49	-8.19	37.04
Free Cash Flow Per Share	0.32	0.25	-0.20	-0.58	-0.08	0.42
Dividend Per Share	0.300	0.300	0.300	0.300	0.300	0.300
Gross Margin	31.63%	32.39%	40.56%	41.55%	43.67%	43.52%
Operating Margin	10.14%	13.53%	22.34%	28.76%	29.31%	28.78%
Profit Margin	6.87%	12.23%	19.53%	26.85%	27.49%	26.17%
Free Cash Flow Margin	5.87%	4.14%	-3.74%	-8.28%	-1.43%	8.00%
EBITDA	99.15	124.93	156.94	227.72	186.94	145.95
EBITDA Margin	16.48%	19.13%	28.64%	32.77%	32.61%	31.54%
D&A For EBITDA	38.13	36.58	34.51	27.91	18.92	12.75
EBIT	61.02	88.35	122.43	199.81	168.02	133.2
EBIT Margin	10.14%	13.53%	22.34%	28.76%	29.31%	28.78%
Effective Tax Rate	22.41%	17.53%	16.25%	13.66%	14.25%	14.88%
Revenue as Reported	601.57	653.11	547.97	694.8	573.25	462.82
Advertising Expenses	-	4.34	2.81	2.19	2	3.08

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