Zerun Co., Ltd (SHE:301636)

Zerun Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	852.29	863.91	827.33	516.88	296.68	149.43
Other Revenue	12.04	12.04	16.98	5.05	-	-
Revenue	864.32	875.95	844.31	521.93	296.68	149.43
Revenue Growth (YoY)	0.51%	3.75%	61.77%	75.92%	98.53%	-
Cost of Revenue	701.58	664.96	621.8	383.21	217.28	119.2
Gross Profit	162.74	210.99	222.51	138.72	79.39	30.24
Selling, General & Admin	58.9	55.42	53.94	30.85	18.43	14.72
Research & Development	33.15	32.83	31.73	19.08	11.19	7.1
Other Operating Expenses	5.86	1.95	2.25	0.91	1.5	1
Operating Expenses	101.87	95.36	96.98	55.7	33.73	21.15
Operating Income	60.87	115.63	125.52	83.02	45.67	9.09
Interest Expense	-4.2	-2.31	-2.03	-1.5	-1.35	-0.28
Interest & Investment Income	13.12	15.04	4.4	0.6	0.13	0.3
Currency Exchange Gain (Loss)	9.66	9.66	0.71	7.22	-1.8	-1.49
Other Non Operating Income (Expenses)	-3.62	-0.18	-0.18	-0.2	-0.05	-0.06
EBT Excluding Unusual Items	75.83	137.83	128.43	89.14	42.61	7.55
Gain (Loss) on Sale of Investments	-0.22	-0.66	-0.46	-	0.04	-
Gain (Loss) on Sale of Assets	-0.19	-0.16	0.35	-	-	-
Asset Writedown	1.2	-0.09	-0.51	-0.35	-0.23	-0.17
Other Unusual Items	11.78	11.78	9.06	3.38	0.19	0.49
Pretax Income	88.4	148.7	136.87	92.18	42.6	7.87
Income Tax Expense	3.67	17.38	16.72	5.78	4.82	0.39
Earnings From Continuing Operations	84.74	131.32	120.15	86.4	37.78	7.48
Minority Interest in Earnings	-	-	0	-	-	-
Net Income	84.74	131.32	120.15	86.4	37.78	7.48
Net Income to Common	84.74	131.32	120.15	86.4	37.78	7.48
Net Income Growth	-32.47%	9.30%	39.06%	128.67%	405.39%	-
Shares Outstanding (Basic)	53	48	48	43	-	-
Shares Outstanding (Diluted)	53	48	48	43	-	-
Shares Change (YoY)	11.39%	-	12.69%	-	-	-
EPS (Basic)	1.59	2.74	2.51	2.03	-	-
EPS (Diluted)	1.59	2.74	2.51	2.03	-	-
EPS Growth	-39.42%	9.24%	23.56%	-	-	-
Free Cash Flow	-179.09	-36.79	137.04	1.21	15.38	-2.25
Free Cash Flow Per Share	-3.35	-0.77	2.86	0.03	-	-
Gross Margin	18.83%	24.09%	26.35%	26.58%	26.76%	20.23%
Operating Margin	7.04%	13.20%	14.87%	15.91%	15.39%	6.08%
Profit Margin	9.80%	14.99%	14.23%	16.55%	12.74%	5.00%
Free Cash Flow Margin	-20.72%	-4.20%	16.23%	0.23%	5.19%	-1.50%
EBITDA	80.65	132.24	137.9	90.14	51.18	13.58
EBITDA Margin	9.33%	15.10%	16.33%	17.27%	17.25%	9.09%
D&A For EBITDA	19.78	16.61	12.37	7.12	5.52	4.49
EBIT	60.87	115.63	125.52	83.02	45.67	9.09
EBIT Margin	7.04%	13.20%	14.87%	15.91%	15.39%	6.08%
Effective Tax Rate	4.15%	11.69%	12.22%	6.27%	11.31%	4.98%
Revenue as Reported	864.32	875.95	844.31	521.93	296.68	149.43
Advertising Expenses	-	0.88	1.29	0.23	0.55	0.16

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