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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	473.82	466.61	394.96	303.9	143.03	157.35
Other Revenue	-	-	27.3	7.65	0.52	3.02
Revenue	473.82	466.61	422.26	311.55	143.54	160.38
Revenue Growth (YoY)	11.58%	10.50%	35.53%	117.04%	-10.50%	3.54%
Cost of Revenue	330.49	329.66	313.93	224.41	65.2	67.06
Gross Profit	143.33	136.96	108.32	87.14	78.35	93.32
Selling, General & Admin	54.89	50.57	42.3	38.72	19.18	11.7
Research & Development	29.22	28.94	21.62	15.49	9.73	9.84
Other Operating Expenses	0.68	0.24	3.07	3.4	0.72	1.66
Operating Expenses	84.8	79.75	65.79	57.81	30.34	22.53
Operating Income	58.53	57.2	42.53	29.33	48.01	70.78
Interest Expense	-	-	-4.69	-5.07	-	-
Interest & Investment Income	1.62	1.62	2.38	8.42	10.75	16.34
Currency Exchange Gain (Loss)	-	-	-0.01	2.94	4.82	-3.01
Other Non Operating Income (Expenses)	1.58	-0.68	-0.35	2.47	6.83	-2.03
EBT Excluding Unusual Items	61.74	58.15	39.87	38.08	70.4	82.09
Gain (Loss) on Sale of Investments	2.46	4.3	5.24	-2.7	-11.13	-0.46
Gain (Loss) on Sale of Assets	0.18	0.21	-0.04	-0.02	-	-0.12
Asset Writedown	-2.2	-2.2	-0.46	-0.1	-0.05	-0.15
Other Unusual Items	-	-	4.98	2.51	0.05	0.07
Pretax Income	62.18	60.46	49.59	37.78	59.28	81.43
Income Tax Expense	7.27	7.02	8.29	5.67	7.43	11.02
Earnings From Continuing Operations	54.91	53.44	41.3	32.11	51.85	70.4
Minority Interest in Earnings	0.12	0.23	0.55	0.14	-	-
Net Income	55.03	53.67	41.85	32.25	51.85	70.4
Net Income to Common	55.03	53.67	41.85	32.25	51.85	70.4
Net Income Growth	35.56%	28.25%	29.76%	-37.80%	-26.36%	0.01%
Shares Outstanding (Basic)	98	99	100	101	100	101
Shares Outstanding (Diluted)	98	99	100	101	100	101
Shares Change (YoY)	-2.76%	-0.25%	-1.14%	1.08%	-0.87%	14.30%
EPS (Basic)	0.56	0.54	0.42	0.32	0.52	0.70
EPS (Diluted)	0.56	0.54	0.42	0.32	0.52	0.70
EPS Growth	39.40%	28.57%	31.25%	-38.46%	-25.71%	-12.50%
Free Cash Flow	15.72	-6.17	78.1	11.47	47.56	66.68
Free Cash Flow Per Share	0.16	-0.06	0.78	0.11	0.48	0.66
Dividend Per Share	-	-	0.250	0.200	0.200	0.500
Dividend Growth	-	-	25.00%	-	-60.00%	-
Gross Margin	30.25%	29.35%	25.65%	27.97%	54.58%	58.19%
Operating Margin	12.35%	12.26%	10.07%	9.41%	33.44%	44.14%
Profit Margin	11.61%	11.50%	9.91%	10.35%	36.12%	43.90%
Free Cash Flow Margin	3.32%	-1.32%	18.50%	3.68%	33.13%	41.57%
EBITDA	98.98	98.43	86.85	61.63	55.72	78.63
EBITDA Margin	20.89%	21.09%	20.57%	19.78%	38.82%	49.03%
D&A For EBITDA	40.45	41.22	44.31	32.3	7.71	7.85
EBIT	58.53	57.2	42.53	29.33	48.01	70.78
EBIT Margin	12.35%	12.26%	10.07%	9.41%	33.44%	44.14%
Effective Tax Rate	11.69%	11.60%	16.71%	15.01%	12.53%	13.54%
Revenue as Reported	-	-	422.26	311.55	143.54	160.38

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