Shenzhen Q&D Circuits Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	953.54	756.47	686.11	703.89	691.18
Other Revenue	-	36.57	27.1	27.16	19.15
Revenue	953.54	793.04	713.21	731.04	710.32
Revenue Growth (YoY)	20.24%	11.19%	-2.44%	2.92%	42.21%
Cost of Revenue	673.41	548.94	489.57	525.32	528.32
Gross Profit	280.13	244.1	223.64	205.73	182
Selling, General & Admin	92.96	87.84	80.72	67.51	59.75
Research & Development	48.22	45.09	43.49	44.24	39.57
Other Operating Expenses	0.05	2.89	3.51	4.93	3.27
Operating Expenses	141.23	137.98	127.81	117.55	104.97
Operating Income	138.9	106.12	95.82	88.17	77.03
Interest Expense	-	-2.81	-3.42	-4.93	-5.46
Interest & Investment Income	1.11	3.01	1.99	0.89	0.8
Currency Exchange Gain (Loss)	-	3.9	1.66	6.17	-1.78
Other Non Operating Income (Expenses)	1.65	-0.56	-1.4	1.06	1.22
EBT Excluding Unusual Items	141.66	109.65	94.65	91.36	71.81
Gain (Loss) on Sale of Assets	-1.33	-0.36	-1.21	-0.75	-0.53
Asset Writedown	-1.65	-	-	-0	0
Other Unusual Items	-	18.08	7.36	7.77	3.27
Pretax Income	138.68	127.38	100.8	98.38	74.55
Income Tax Expense	17.79	14.73	9.74	7.48	6.48
Net Income	120.89	112.65	91.06	90.9	68.07
Net Income to Common	120.89	112.65	91.06	90.9	68.07
Net Income Growth	7.31%	23.70%	0.18%	33.54%	144.44%
Shares Outstanding (Basic)	76	60	57	56	53
Shares Outstanding (Diluted)	76	60	57	56	53
Shares Change (YoY)	26.77%	5.38%	0.18%	7.00%	4.15%
EPS (Basic)	1.60	1.89	1.61	1.61	1.29
EPS (Diluted)	1.60	1.89	1.61	1.61	1.29
EPS Growth	-15.34%	17.39%	-	24.81%	134.72%
Free Cash Flow	-188.72	33.48	84.32	41.98	66.97
Free Cash Flow Per Share	-2.50	0.56	1.49	0.74	1.27
Dividend Per Share	-	0.400	-	-	-
Gross Margin	29.38%	30.78%	31.36%	28.14%	25.62%
Operating Margin	14.57%	13.38%	13.44%	12.06%	10.85%
Profit Margin	12.68%	14.21%	12.77%	12.43%	9.58%
Free Cash Flow Margin	-19.79%	4.22%	11.82%	5.74%	9.43%
EBITDA	176.39	138.82	124.34	111.16	98.92
EBITDA Margin	18.50%	17.50%	17.43%	15.21%	13.93%
D&A For EBITDA	37.49	32.7	28.52	22.99	21.89
EBIT	138.9	106.12	95.82	88.17	77.03
EBIT Margin	14.57%	13.38%	13.44%	12.06%	10.85%
Effective Tax Rate	12.83%	11.56%	9.66%	7.60%	8.70%
Revenue as Reported	-	793.04	713.21	731.04	710.32

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