Qingmu Tec 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
Revenue	1,366	1,153	967.45	846.63	879.53	648.7
Revenue Growth (YoY)	21.82%	19.20%	14.27%	-3.74%	35.58%	79.59%
Cost of Revenue	627.95	577.52	582.15	506.81	465.21	334.89
Gross Profit	737.99	575.63	385.3	339.82	414.32	313.81
Selling, General & Admin	586.36	445.38	308.63	239.14	193.4	120.44
Research & Development	47.03	51.62	54.2	46.65	40.03	39.23
Other Operating Expenses	4.28	3.25	1.18	-0.97	1.74	1.69
Operating Expenses	638.55	496.92	367.46	283.61	237.01	162.4
Operating Income	99.44	78.71	17.84	56.21	177.31	151.41
Interest Expense	-3.45	-1.65	-2.21	-3.03	-1.5	-0.2
Interest & Investment Income	12.73	32.81	34.18	24.31	1.11	1.29
Currency Exchange Gain (Loss)	-0.11	-0.11	-0.35	-2.58	-0.5	-0.45
Other Non Operating Income (Expenses)	-6.34	-5.6	-5.25	-0.14	-4.1	-2.39
EBT Excluding Unusual Items	102.26	104.16	44.21	74.78	172.31	149.66
Gain (Loss) on Sale of Investments	1.3	0.22	0.97	0.89	-	-0.07
Gain (Loss) on Sale of Assets	0.98	0.81	-0	0.09	-	-
Asset Writedown	-1.6	-	-	-	-0	-0.01
Other Unusual Items	4.91	4.5	1.15	5.53	2.88	0.92
Pretax Income	107.84	109.7	46.34	81.29	175.19	150.51
Income Tax Expense	13.48	21.04	2.73	12.02	24.21	24.5
Earnings From Continuing Operations	94.37	88.65	43.6	69.26	150.98	126.01
Minority Interest in Earnings	3.56	1.89	8.48	-3.38	-3.26	-2.33
Net Income	97.92	90.54	52.08	65.88	147.72	123.67
Net Income to Common	97.92	90.54	52.08	65.88	147.72	123.67
Net Income Growth	0.39%	73.84%	-20.95%	-55.40%	19.45%	182.45%
Shares Outstanding (Basic)	93	93	93	88	70	70
Shares Outstanding (Diluted)	93	93	93	88	70	70
Shares Change (YoY)	-0.13%	-0.45%	5.99%	25.49%	-0.00%	0.50%
EPS (Basic)	1.06	0.98	0.56	0.75	2.11	1.77
EPS (Diluted)	1.06	0.98	0.56	0.75	2.11	1.77
EPS Growth	0.53%	74.62%	-25.41%	-64.46%	19.45%	181.05%
Free Cash Flow	-52.98	29.85	-49.48	84.1	46.69	39.33
Free Cash Flow Per Share	-0.57	0.32	-0.53	0.96	0.67	0.56
Dividend Per Share	0.400	0.800	0.429	0.429	0.429	-
Dividend Growth	-51.73%	86.65%	-	-	-	-
Gross Margin	54.03%	49.92%	39.83%	40.14%	47.11%	48.38%
Operating Margin	7.28%	6.83%	1.84%	6.64%	20.16%	23.34%
Profit Margin	7.17%	7.85%	5.38%	7.78%	16.80%	19.06%
Free Cash Flow Margin	-3.88%	2.59%	-5.11%	9.93%	5.31%	6.06%
EBITDA	105.82	85.68	25.58	63.07	182.26	154.69
EBITDA Margin	7.75%	7.43%	2.64%	7.45%	20.72%	23.84%
D&A For EBITDA	6.38	6.96	7.74	6.86	4.95	3.27
EBIT	99.44	78.71	17.84	56.21	177.31	151.41
EBIT Margin	7.28%	6.83%	1.84%	6.64%	20.16%	23.34%
Effective Tax Rate	12.50%	19.18%	5.90%	14.79%	13.82%	16.28%
Revenue as Reported	1,366	1,153	967.45	846.63	879.53	648.7

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