Zhejiang Xinchai Co.,Ltd 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	2,322	2,254	2,308	2,085	2,468	2,449
Other Revenue	5.97	5.97	7.43	8.88	14.25	11.58
Revenue	2,328	2,260	2,316	2,094	2,483	2,461
Revenue Growth (YoY)	4.83%	-2.40%	10.58%	-15.64%	0.88%	30.35%
Cost of Revenue	2,087	2,050	2,142	1,916	2,210	2,154
Gross Profit	240.52	210.42	173.87	178.21	272.66	307.41
Selling, General & Admin	81.01	78.19	84.5	102.85	129.18	129.37
Research & Development	77.97	76.69	76.55	77.23	84.74	77.73
Other Operating Expenses	-1.99	-12.94	2.66	8.39	8.69	9.24
Operating Expenses	157.51	144.57	162.29	190.66	224.19	210.14
Operating Income	83.02	65.85	11.58	-12.45	48.47	97.27
Interest Expense	-0.26	-2.06	-2.52	-3.86	-5.32	-3.71
Interest & Investment Income	4.3	8.33	13.4	11.01	9.33	5.38
Currency Exchange Gain (Loss)	0.34	0.34	0.06	1.17	6.27	-2.02
Other Non Operating Income (Expenses)	3.11	3.19	-0.13	2.32	-0.83	-5.01
EBT Excluding Unusual Items	90.51	75.66	22.39	-1.81	57.92	91.9
Gain (Loss) on Sale of Investments	-	-	-	-0.54	-1.11	-
Gain (Loss) on Sale of Assets	0.15	0.17	0.04	8.95	14.83	5.86
Asset Writedown	-1.07	-1.06	-	-	-0.73	-
Other Unusual Items	3.89	4.06	2.72	7.88	9.4	4.14
Pretax Income	93.48	78.82	25.15	14.48	80.31	101.9
Income Tax Expense	4.25	2.26	-5	-7.69	0.69	8.22
Earnings From Continuing Operations	89.23	76.56	30.15	22.17	79.61	93.69
Minority Interest in Earnings	2.36	2.54	1.81	-	-	-
Net Income	91.59	79.11	31.96	22.17	79.61	93.69
Net Income to Common	91.59	79.11	31.96	22.17	79.61	93.69
Net Income Growth	23.51%	147.52%	44.14%	-72.15%	-15.02%	73.42%
Shares Outstanding (Basic)	240	240	246	246	204	180
Shares Outstanding (Diluted)	240	240	246	246	204	180
Shares Change (YoY)	-2.38%	-2.49%	-0.21%	20.68%	13.31%	5.98%
EPS (Basic)	0.38	0.33	0.13	0.09	0.39	0.52
EPS (Diluted)	0.38	0.33	0.13	0.09	0.39	0.52
EPS Growth	26.52%	153.85%	44.44%	-76.92%	-25.00%	63.64%
Free Cash Flow	203.32	41.54	-239.05	209.17	-327.81	294.68
Free Cash Flow Per Share	0.85	0.17	-0.97	0.85	-1.61	1.64
Dividend Per Share	0.100	0.100	0.030	0.020	0.100	-
Dividend Growth	233.33%	233.33%	50.00%	-80.00%	-	-
Gross Margin	10.33%	9.31%	7.51%	8.51%	10.98%	12.49%
Operating Margin	3.57%	2.91%	0.50%	-0.59%	1.95%	3.95%
Profit Margin	3.94%	3.50%	1.38%	1.06%	3.21%	3.81%
Free Cash Flow Margin	8.73%	1.84%	-10.32%	9.99%	-13.21%	11.97%
EBITDA	140.8	126.61	76.31	52.47	105.65	150.07
EBITDA Margin	6.05%	5.60%	3.29%	2.50%	4.26%	6.10%
D&A For EBITDA	57.78	60.76	64.73	64.92	57.18	52.8
EBIT	83.02	65.85	11.58	-12.45	48.47	97.27
EBIT Margin	3.57%	2.91%	0.50%	-0.59%	1.95%	3.95%
Effective Tax Rate	4.55%	2.87%	-	-	0.86%	8.06%
Revenue as Reported	2,328	2,260	2,316	2,094	2,483	2,461
Advertising Expenses	-	5.57	5.53	5.03	7.14	3.44

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