Meter Instruments 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	371.05	347	374.29	352.69	405.7	415.35
Other Revenue	11.46	11.46	7.73	5.78	2.93	5.13
Revenue	382.5	358.46	382.02	358.48	408.63	420.47
Revenue Growth (YoY)	16.08%	-6.17%	6.57%	-12.27%	-2.82%	33.95%
Cost of Revenue	197.25	177.96	182.97	163.39	174.1	168.53
Gross Profit	185.25	180.5	199.05	195.08	234.53	251.94
Selling, General & Admin	57.01	63.72	57.99	58.66	55.83	52.61
Research & Development	26.28	22.67	22.12	19.13	15.56	15.08
Other Operating Expenses	-9.56	-9.31	-15.26	-3.17	-7.36	-12.61
Operating Expenses	93.54	99.81	85.68	93.22	80.76	63.77
Operating Income	91.71	80.69	113.37	101.86	153.77	188.17
Interest Expense	-0.01	-0	-	-	-	-
Interest & Investment Income	7.4	9.21	16.61	14.08	13.57	5.75
Currency Exchange Gain (Loss)	0.04	0.04	0.03	0.01	-0.04	-0.01
Other Non Operating Income (Expenses)	-0.76	-0.54	0.92	-0.81	-1.15	-0.46
EBT Excluding Unusual Items	98.39	89.4	130.93	115.13	166.15	193.44
Gain (Loss) on Sale of Investments	-0.1	-	-0	-1.15	1.15	-
Gain (Loss) on Sale of Assets	-0.02	0.01	-0.07	-	0	0.05
Asset Writedown	-1	-1.02	-1.02	0.19	-1.88	0.63
Other Unusual Items	1.14	1.14	0.18	11.37	-2.81	8.79
Pretax Income	98.41	89.53	130.01	125.55	162.61	202.91
Income Tax Expense	10.18	10.32	17.74	16.41	22.47	28.63
Net Income	88.23	79.2	112.28	109.14	140.14	174.28
Net Income to Common	88.23	79.2	112.28	109.14	140.14	174.28
Net Income Growth	28.57%	-29.46%	2.87%	-22.12%	-19.59%	38.64%
Shares Outstanding (Basic)	136	137	139	139	122	104
Shares Outstanding (Diluted)	136	137	139	139	122	104
Shares Change (YoY)	-1.97%	-1.65%	0.00%	14.30%	16.77%	-0.38%
EPS (Basic)	0.65	0.58	0.81	0.78	1.15	1.67
EPS (Diluted)	0.65	0.58	0.81	0.78	1.15	1.67
EPS Growth	31.15%	-28.27%	2.87%	-31.86%	-31.14%	39.17%
Free Cash Flow	84.11	-90.04	21.48	-49.61	73.51	121.46
Free Cash Flow Per Share	0.62	-0.66	0.15	-0.36	0.60	1.16
Dividend Per Share	0.200	0.200	0.300	0.350	0.200	0.500
Dividend Growth	-33.33%	-33.33%	-14.29%	75.00%	-60.00%	-
Gross Margin	48.43%	50.35%	52.11%	54.42%	57.39%	59.92%
Operating Margin	23.98%	22.51%	29.68%	28.42%	37.63%	44.75%
Profit Margin	23.06%	22.10%	29.39%	30.45%	34.29%	41.45%
Free Cash Flow Margin	21.99%	-25.12%	5.62%	-13.84%	17.99%	28.89%
EBITDA	102.57	89.89	120.36	107.13	158.82	192.93
EBITDA Margin	26.82%	25.08%	31.51%	29.89%	38.87%	45.88%
D&A For EBITDA	10.86	9.2	6.99	5.27	5.05	4.76
EBIT	91.71	80.69	113.37	101.86	153.77	188.17
EBIT Margin	23.98%	22.51%	29.68%	28.41%	37.63%	44.75%
Effective Tax Rate	10.34%	11.53%	13.64%	13.07%	13.82%	14.11%
Revenue as Reported	382.5	358.46	382.02	358.48	408.63	420.47
Advertising Expenses	-	0.42	0.41	0.37	0.7	0.6

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