Meter Instruments Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	398.85	397.57	347	374.29	352.69	405.7
Other Revenue	-	-	11.46	7.73	5.78	2.93
Revenue	398.85	397.57	358.46	382.02	358.48	408.63
Revenue Growth (YoY)	10.52%	10.91%	-6.17%	6.57%	-12.27%	-2.82%
Cost of Revenue	196.04	191.07	177.96	182.97	163.39	174.1
Gross Profit	202.82	206.49	180.5	199.05	195.08	234.53
Selling, General & Admin	75.88	73.55	63.72	57.99	58.66	55.83
Research & Development	21.85	23.08	22.67	22.12	19.13	15.56
Other Operating Expenses	-8.36	-7.39	-9.31	-15.26	-3.17	-7.36
Operating Expenses	89.36	89.23	99.81	85.68	93.22	80.76
Operating Income	113.45	117.26	80.69	113.37	101.86	153.77
Interest Expense	-	-	-0	-	-	-
Interest & Investment Income	1.17	1.45	9.21	16.61	14.08	13.57
Currency Exchange Gain (Loss)	-	-	0.04	0.03	0.01	-0.04
Other Non Operating Income (Expenses)	-11.67	-11.39	-0.54	0.92	-0.81	-1.15
EBT Excluding Unusual Items	102.95	107.32	89.4	130.93	115.13	166.15
Gain (Loss) on Sale of Investments	0.4	-	-	-0	-1.15	1.15
Gain (Loss) on Sale of Assets	-0.03	-0.03	0.01	-0.07	-	0
Asset Writedown	-2.54	-2.25	-1.02	-1.02	0.19	-1.88
Other Unusual Items	-	-	1.14	0.18	11.37	-2.81
Pretax Income	100.78	105.04	89.53	130.01	125.55	162.61
Income Tax Expense	13.2	12.78	10.32	17.74	16.41	22.47
Net Income	87.58	92.27	79.2	112.28	109.14	140.14
Net Income to Common	87.58	92.27	79.2	112.28	109.14	140.14
Net Income Growth	9.93%	16.49%	-29.46%	2.87%	-22.12%	-19.59%
Shares Outstanding (Basic)	138	138	137	139	139	122
Shares Outstanding (Diluted)	138	138	137	139	139	122
Shares Change (YoY)	0.77%	0.43%	-1.65%	0.00%	14.30%	16.77%
EPS (Basic)	0.64	0.67	0.58	0.81	0.78	1.15
EPS (Diluted)	0.64	0.67	0.58	0.81	0.78	1.15
EPS Growth	9.10%	16.00%	-28.27%	2.87%	-31.86%	-31.14%
Free Cash Flow	66.65	95.81	-90.04	21.48	-49.61	73.51
Free Cash Flow Per Share	0.48	0.70	-0.66	0.15	-0.36	0.60
Dividend Per Share	-	-	0.200	0.300	0.350	0.200
Dividend Growth	-	-	-33.33%	-14.29%	75.00%	-60.00%
Gross Margin	50.85%	51.94%	50.35%	52.11%	54.42%	57.39%
Operating Margin	28.44%	29.49%	22.51%	29.68%	28.42%	37.63%
Profit Margin	21.96%	23.21%	22.10%	29.39%	30.45%	34.29%
Free Cash Flow Margin	16.71%	24.10%	-25.12%	5.62%	-13.84%	17.99%
EBITDA	128.91	131.46	89.89	120.36	107.13	158.82
EBITDA Margin	32.32%	33.07%	25.08%	31.51%	29.89%	38.87%
D&A For EBITDA	15.45	14.2	9.2	6.99	5.27	5.05
EBIT	113.45	117.26	80.69	113.37	101.86	153.77
EBIT Margin	28.44%	29.49%	22.51%	29.68%	28.41%	37.63%
Effective Tax Rate	13.10%	12.16%	11.53%	13.64%	13.07%	13.82%
Revenue as Reported	-	-	358.46	382.02	358.48	408.63
Advertising Expenses	-	-	0.42	0.41	0.37	0.7

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