CHANG TYPE Industrial Income Statement

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

Millions TWD. 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
Revenue	3,629	2,988	3,378	4,057	6,203
Revenue Growth (YoY)	21.45%	-11.53%	-16.74%	-34.59%	17.66%
Cost of Revenue	2,962	2,496	2,715	3,463	5,422
Gross Profit	667.29	492.06	662.83	594.47	781.13
Selling, General & Admin	393.53	445.18	350.69	401.26	355
Research & Development	21.55	27.85	17.51	22.45	27.02
Operating Expenses	428.34	493.58	377.65	423.71	386.2
Operating Income	238.95	-1.52	285.18	170.76	394.94
Interest Expense	-10.63	-19.18	-18.88	-22.47	-10.74
Interest & Investment Income	0.46	0.43	0.29	0.5	0.1
Currency Exchange Gain (Loss)	-22.96	89.33	5.43	290.27	-30.71
Other Non Operating Income (Expenses)	1.42	27.88	-125.84	-83.35	17.19
EBT Excluding Unusual Items	207.24	96.95	146.18	355.71	370.77
Gain (Loss) on Sale of Assets	-	1.46	-0	0.14	0.43
Other Unusual Items	-	-	-	0.12	-
Pretax Income	207.24	98.4	146.18	355.97	371.21
Income Tax Expense	24.54	14.7	30.99	83.91	71.95
Net Income	182.7	83.7	115.19	272.06	299.26
Net Income to Common	182.7	83.7	115.19	272.06	299.26
Net Income Growth	118.27%	-27.33%	-57.66%	-9.09%	-34.45%
Shares Outstanding (Basic)	79	79	79	79	79
Shares Outstanding (Diluted)	79	79	79	79	79
Shares Change (YoY)	0.20%	-0.02%	0.16%	-	-
EPS (Basic)	2.32	1.06	1.46	3.45	3.80
EPS (Diluted)	2.31	1.06	1.46	3.45	3.80
EPS Growth	117.92%	-27.40%	-57.68%	-9.16%	-34.41%
Free Cash Flow	228.55	660.24	151.52	1,103	-715.64
Free Cash Flow Per Share	2.89	8.37	1.92	13.99	-9.08
Dividend Per Share	-	0.500	0.500	1.000	2.500
Dividend Growth	-	-	-50.00%	-60.00%	-16.67%
Gross Margin	18.39%	16.47%	19.62%	14.65%	12.59%
Operating Margin	6.58%	-0.05%	8.44%	4.21%	6.37%
Profit Margin	5.03%	2.80%	3.41%	6.71%	4.82%
Free Cash Flow Margin	6.30%	22.09%	4.49%	27.18%	-11.54%
EBITDA	294.77	56.89	348.61	235.43	460.43
EBITDA Margin	8.12%	1.90%	10.32%	5.80%	7.42%
D&A For EBITDA	55.82	58.41	63.43	64.67	65.5
EBIT	238.95	-1.52	285.18	170.76	394.94
EBIT Margin	6.58%	-0.05%	8.44%	4.21%	6.37%
Effective Tax Rate	11.84%	14.94%	21.20%	23.57%	19.38%

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