Shiyan Taixiang Industry 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	425.51	394.96	303.9	143.03	157.35	153.85
Other Revenue	27.3	27.3	7.65	0.52	3.02	1.05
Revenue	452.81	422.26	311.55	143.54	160.38	154.9
Revenue Growth (YoY)	8.79%	35.53%	117.04%	-10.50%	3.54%	-13.23%
Cost of Revenue	334.64	313.93	224.41	65.2	67.06	59.14
Gross Profit	118.16	108.32	87.14	78.35	93.32	95.76
Selling, General & Admin	47.97	42.3	38.72	19.18	11.7	16.21
Research & Development	27.32	21.62	15.49	9.73	9.84	7.16
Other Operating Expenses	2.53	3.07	3.4	0.72	1.66	2
Operating Expenses	79.14	65.79	57.81	30.34	22.53	25.67
Operating Income	39.03	42.53	29.33	48.01	70.78	70.1
Interest Expense	-5.6	-4.69	-5.07	-	-	-
Interest & Investment Income	0.68	2.38	8.42	10.75	16.34	9.94
Currency Exchange Gain (Loss)	-0.01	-0.01	2.94	4.82	-3.01	-0.53
Other Non Operating Income (Expenses)	3.24	-0.35	2.47	6.83	-2.03	-0.59
EBT Excluding Unusual Items	37.34	39.87	38.08	70.4	82.09	78.93
Gain (Loss) on Sale of Investments	7.02	5.24	-2.7	-11.13	-0.46	2.05
Gain (Loss) on Sale of Assets	0.02	-0.04	-0.02	-	-0.12	-
Asset Writedown	-0.69	-0.46	-0.1	-0.05	-0.15	-0
Other Unusual Items	4.98	4.98	2.51	0.05	0.07	0.75
Pretax Income	48.67	49.59	37.78	59.28	81.43	81.73
Income Tax Expense	8.84	8.29	5.67	7.43	11.02	11.33
Earnings From Continuing Operations	39.83	41.3	32.11	51.85	70.4	70.39
Minority Interest in Earnings	0.42	0.55	0.14	-	-	-
Net Income	40.25	41.85	32.25	51.85	70.4	70.39
Net Income to Common	40.25	41.85	32.25	51.85	70.4	70.39
Net Income Growth	-16.73%	29.76%	-37.80%	-26.36%	0.01%	-10.56%
Shares Outstanding (Basic)	100	100	101	100	101	88
Shares Outstanding (Diluted)	100	100	101	100	101	88
Shares Change (YoY)	-1.13%	-1.14%	1.08%	-0.87%	14.30%	11.80%
EPS (Basic)	0.40	0.42	0.32	0.52	0.70	0.80
EPS (Diluted)	0.40	0.42	0.32	0.52	0.70	0.80
EPS Growth	-15.77%	31.25%	-38.46%	-25.71%	-12.50%	-20.00%
Free Cash Flow	-19.67	78.1	11.47	47.56	66.68	65.84
Free Cash Flow Per Share	-0.20	0.78	0.11	0.48	0.66	0.75
Dividend Per Share	0.250	0.250	0.200	0.200	0.500	0.500
Dividend Growth	25.00%	25.00%	-	-60.00%	-	7.13%
Gross Margin	26.10%	25.65%	27.97%	54.58%	58.19%	61.82%
Operating Margin	8.62%	10.07%	9.41%	33.44%	44.14%	45.25%
Profit Margin	8.89%	9.91%	10.35%	36.12%	43.90%	45.44%
Free Cash Flow Margin	-4.35%	18.50%	3.68%	33.13%	41.57%	42.51%
EBITDA	92.35	86.85	61.63	55.72	78.63	77.64
EBITDA Margin	20.39%	20.57%	19.78%	38.82%	49.03%	50.12%
D&A For EBITDA	53.32	44.31	32.3	7.71	7.85	7.54
EBIT	39.03	42.53	29.33	48.01	70.78	70.1
EBIT Margin	8.62%	10.07%	9.41%	33.44%	44.14%	45.25%
Effective Tax Rate	18.16%	16.71%	15.01%	12.53%	13.54%	13.87%
Revenue as Reported	452.81	422.26	311.55	143.54	160.38	154.9

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