Shenzhen Q&D Circuits 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	877.83	756.47	686.11	703.89	691.18	491.27
Other Revenue	36.57	36.57	27.1	27.16	19.15	8.22
Revenue	914.4	793.04	713.21	731.04	710.32	499.5
Revenue Growth (YoY)	19.09%	11.19%	-2.44%	2.92%	42.21%	25.08%
Cost of Revenue	635.76	548.94	489.57	525.32	528.32	384.18
Gross Profit	278.64	244.1	223.64	205.73	182	115.31
Selling, General & Admin	91.61	87.84	80.72	67.51	59.75	50.64
Research & Development	48	45.09	43.49	44.24	39.57	30.47
Other Operating Expenses	9.44	2.89	3.51	4.93	3.27	2.73
Operating Expenses	151.78	137.98	127.81	117.55	104.97	86.34
Operating Income	126.86	106.12	95.82	88.17	77.03	28.97
Interest Expense	-2.53	-2.81	-3.42	-4.93	-5.46	-2.11
Interest & Investment Income	6.29	3.01	1.99	0.89	0.8	0.14
Currency Exchange Gain (Loss)	3.9	3.9	1.66	6.17	-1.78	-1.94
Other Non Operating Income (Expenses)	-3.45	-0.56	-1.4	1.06	1.22	-0.29
EBT Excluding Unusual Items	131.07	109.65	94.65	91.36	71.81	24.78
Gain (Loss) on Sale of Assets	-1.06	-0.36	-1.21	-0.75	-0.53	-0.24
Asset Writedown	-0.6	-	-	-0	0	-0.56
Other Unusual Items	18.05	18.08	7.36	7.77	3.27	6.45
Pretax Income	147.46	127.38	100.8	98.38	74.55	30.42
Income Tax Expense	18.15	14.73	9.74	7.48	6.48	2.58
Net Income	129.31	112.65	91.06	90.9	68.07	27.85
Net Income to Common	129.31	112.65	91.06	90.9	68.07	27.85
Net Income Growth	24.35%	23.70%	0.18%	33.54%	144.44%	172.64%
Shares Outstanding (Basic)	74	60	57	56	53	51
Shares Outstanding (Diluted)	74	60	57	56	53	51
Shares Change (YoY)	30.35%	5.38%	0.18%	7.00%	4.15%	-
EPS (Basic)	1.76	1.89	1.61	1.61	1.29	0.55
EPS (Diluted)	1.76	1.89	1.61	1.61	1.29	0.55
EPS Growth	-4.60%	17.39%	-	24.81%	134.72%	172.64%
Free Cash Flow	-86.62	33.48	84.32	41.98	66.97	19.67
Free Cash Flow Per Share	-1.18	0.56	1.49	0.74	1.27	0.39
Dividend Per Share	0.400	0.400	-	-	-	-
Gross Margin	30.47%	30.78%	31.36%	28.14%	25.62%	23.09%
Operating Margin	13.87%	13.38%	13.44%	12.06%	10.85%	5.80%
Profit Margin	14.14%	14.21%	12.77%	12.43%	9.58%	5.58%
Free Cash Flow Margin	-9.47%	4.22%	11.82%	5.74%	9.43%	3.94%
EBITDA	162.69	138.82	124.34	111.16	98.92	50.42
EBITDA Margin	17.79%	17.50%	17.43%	15.21%	13.93%	10.09%
D&A For EBITDA	35.83	32.7	28.52	22.99	21.89	21.44
EBIT	126.86	106.12	95.82	88.17	77.03	28.97
EBIT Margin	13.87%	13.38%	13.44%	12.06%	10.85%	5.80%
Effective Tax Rate	12.31%	11.56%	9.66%	7.60%	8.70%	8.47%
Revenue as Reported	914.4	793.04	713.21	731.04	710.32	499.5

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