Ruijie Networks 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	2017 - 2019
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	2017 - 2019
Operating Revenue	13,488	11,185	10,565	10,464	8,740	6,464	Upgrade
Other Revenue	513.76	513.76	976.16	862.43	448.85	233.74	Upgrade
Revenue	14,002	11,699	11,542	11,326	9,189	6,698	Upgrade
Revenue Growth (YoY)	17.00%	1.36%	1.90%	23.26%	37.19%	28.31%	Upgrade
Cost of Revenue	8,855	7,238	7,142	6,897	5,776	4,159	Upgrade
Gross Profit	5,147	4,461	4,399	4,429	3,412	2,539	Upgrade
Selling, General & Admin	2,581	2,511	2,322	2,314	1,879	1,361	Upgrade
Research & Development	1,967	1,833	2,136	1,987	1,347	1,018	Upgrade
Other Operating Expenses	-204.56	-234.82	-184.42	-226.95	-122.45	-156.69	Upgrade
Operating Expenses	4,347	4,121	4,277	4,072	3,099	2,229	Upgrade
Operating Income	800.74	340.38	121.7	356.55	312.8	309.99	Upgrade
Interest Expense	-32.84	-37.41	-26.29	-46.89	-37.76	-35.14	Upgrade
Interest & Investment Income	33.36	50.66	38.23	16.26	9.14	3.67	Upgrade
Currency Exchange Gain (Loss)	1.96	1.96	-27.9	36.46	-7.21	-	Upgrade
Other Non Operating Income (Expenses)	-10	-2.39	-2.27	-5.08	-4.24	-28.66	Upgrade
EBT Excluding Unusual Items	793.21	353.2	103.47	357.3	272.73	249.86	Upgrade
Gain (Loss) on Sale of Investments	-1.18	-1	-1.75	0.86	-3.78	-0.13	Upgrade
Gain (Loss) on Sale of Assets	1.27	7.6	2.32	1.41	0.32	-	Upgrade
Asset Writedown	-12.27	-3	-2.4	-1.56	-0.78	-	Upgrade
Other Unusual Items	48.75	48.75	53.66	64.04	59.22	-	Upgrade
Pretax Income	829.78	405.56	155.3	422.06	327.71	249.73	Upgrade
Income Tax Expense	-13	-168.52	-245.89	-129.49	-130.04	-60.69	Upgrade
Net Income	842.79	574.08	401.2	551.55	457.75	310.42	Upgrade
Net Income to Common	842.79	574.08	401.2	551.55	457.75	310.42	Upgrade
Net Income Growth	57.76%	43.09%	-27.26%	20.49%	47.46%	-21.05%	Upgrade
Shares Outstanding (Basic)	796	796	791	702	697	701	Upgrade
Shares Outstanding (Diluted)	796	796	791	702	697	701	Upgrade
Shares Change (YoY)	0.58%	0.58%	12.70%	0.77%	-0.61%	0.59%	Upgrade
EPS (Basic)	1.06	0.72	0.51	0.79	0.66	0.44	Upgrade
EPS (Diluted)	1.06	0.72	0.51	0.79	0.66	0.44	Upgrade
EPS Growth	56.85%	42.26%	-35.46%	19.57%	48.36%	-21.51%	Upgrade
Free Cash Flow	409.41	-266.43	558.34	-463.32	602.81	20.75	Upgrade
Free Cash Flow Per Share	0.51	-0.34	0.71	-0.66	0.86	0.03	Upgrade
Dividend Per Share	0.433	0.433	0.400	0.571	-	-	Upgrade
Dividend Growth	8.22%	8.22%	-30.00%	-	-	-	Upgrade
Gross Margin	36.76%	38.13%	38.12%	39.10%	37.13%	37.91%	Upgrade
Operating Margin	5.72%	2.91%	1.05%	3.15%	3.40%	4.63%	Upgrade
Profit Margin	6.02%	4.91%	3.48%	4.87%	4.98%	4.63%	Upgrade
Free Cash Flow Margin	2.92%	-2.28%	4.84%	-4.09%	6.56%	0.31%	Upgrade
EBITDA	884.76	431	221.11	435.04	370.57	355.18	Upgrade
EBITDA Margin	6.32%	3.68%	1.92%	3.84%	4.03%	5.30%	Upgrade
D&A For EBITDA	84.02	90.62	99.41	78.49	57.78	45.2	Upgrade
EBIT	800.74	340.38	121.7	356.55	312.8	309.99	Upgrade
EBIT Margin	5.72%	2.91%	1.05%	3.15%	3.40%	4.63%	Upgrade
Revenue as Reported	14,002	11,699	11,542	11,326	9,189	6,698	Upgrade

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