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	Jun '26 Jun 30, 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	373.45	388.42	347	374.29	352.69	405.7
Other Revenue	6.41	9.14	11.46	7.73	5.78	2.93
Revenue	379.86	397.57	358.46	382.02	358.48	408.63
Revenue Growth	1.03%	10.91%	-6.17%	6.57%	-12.27%	-2.82%
Cost of Revenue	190.31	191.71	177.96	182.97	163.39	174.1
Gross Profit	189.55	205.86	180.5	199.05	195.08	234.53
Selling, General & Admin	76.02	73.55	63.72	57.99	58.66	55.83
Research & Development	23.11	23.08	22.67	22.12	19.13	15.56
Other Operating Expenses	-7.39	-6.72	-9.8	-15.31	-3.17	-7.36
Operating Expenses	113.54	105.06	99.33	85.63	93.22	80.76
Operating Income	76.01	100.8	81.17	113.42	101.86	153.77
Interest Expense	-0.02	-0.01	-0	-	-	-
Interest & Investment Income	4.96	6.5	9.21	16.61	14.08	13.57
Currency Exchange Gain (Loss)	-0.01	0.02	0.04	0.03	0.01	-0.04
Other Non Operating Income (Expenses)	-2.33	-1.51	-0.54	0.92	-0.81	-1.15
EBT Excluding Unusual Items	78.61	105.79	89.88	130.98	115.13	166.15
Gain (Loss) on Sale of Investments	0.29	-	-	-0	-1.15	1.15
Gain (Loss) on Sale of Assets	-0.03	-0.03	0.01	-0.07	-	0
Asset Writedown	-1.29	-1.29	-1.02	-1.02	0.19	-1.88
Other Unusual Items	0.76	0.57	0.65	0.13	11.37	-2.81
Pretax Income	78.34	105.04	89.53	130.01	125.55	162.61
Income Tax Expense	11.79	12.78	10.32	17.74	16.41	22.47
Net Income	66.55	92.27	79.2	112.28	109.14	140.14
Net Income to Common	66.55	92.27	79.2	112.28	109.14	140.14
Net Income Growth	-19.48%	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	0.98%	0.43%	-1.65%	0.00%	14.30%	16.77%
EPS (Basic)	0.48	0.67	0.58	0.81	0.78	1.15
EPS (Diluted)	0.48	0.67	0.58	0.81	0.78	1.15
EPS Growth	-20.26%	16.00%	-28.27%	2.87%	-31.86%	-31.14%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	44.93	95.81	-90.04	21.48	-49.61	73.51
Free Cash Flow Per Share	0.33	0.70	-0.66	0.15	-0.36	0.60
Dividend Per Share	0.200	0.200	0.200	0.300	0.350	0.200
Dividend Growth	0%	0%	-33.33%	-14.29%	75.00%	-60.00%
Gross Margin	49.90%	51.78%	50.35%	52.11%	54.42%	57.39%
Operating Margin	20.01%	25.36%	22.64%	29.69%	28.42%	37.63%
Profit Margin	17.52%	23.21%	22.10%	29.39%	30.45%	34.29%
Free Cash Flow Margin	11.83%	24.10%	-25.12%	5.62%	-13.84%	17.99%
EBITDA	91.7	114.91	90.49	120.41	107.13	158.82
EBITDA Margin	24.14%	28.90%	25.25%	31.52%	29.89%	38.87%
D&A For EBITDA	15.7	14.11	9.32	6.99	5.27	5.05
EBIT	76.01	100.8	81.17	113.42	101.86	153.77
EBIT Margin	20.01%	25.36%	22.64%	29.69%	28.41%	37.63%
Effective Tax Rate	15.05%	12.16%	11.53%	13.64%	13.07%	13.82%
Revenue as Reported	379.86	397.57	358.46	382.02	358.48	408.63
Advertising Expenses	-	1.46	0.42	0.41	0.37	0.7