西子洁能 (002534.SZ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	6.1B	6.2B	6.4B	8.1B	7.3B
Cost of Revenue	4.9B	5.1B	5.2B	6.9B	6.2B
Gross Profit	1.2B	1.2B	1.2B	1.2B	1.1B
Operating Expenses
R&D Expense	372.8M	362.5M	391.8M	419.9M	414.3M
SG&A Expense	—	—	—	—	—
General & Admin Expense	274.3M	301.1M	301.0M	353.4M	354.1M
Selling & Marketing Expense	100.1M	105.4M	88.4M	97.1M	162.5M
Other Expenses	—	—	—	—	—
Total Operating Expenses	842.6M	871.5M	821.7M	921.9M	942.1M
Cost and Expenses	5.8B	5.9B	6.1B	7.8B	7.1B
Operating Income (EBIT)	604.2M	616.2M	589.2M	142.1M	257.8M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	613.8M	616.5M	594.9M	128.7M	262.0M
Income Tax Expense	51.1M	56.7M	86.1M	13.2M	(480.6K)
Bottom Line
Net Income	443.1M	436.6M	439.8M	54.6M	203.9M
Earnings from Cont. Ops	562.7M	559.9M	508.8M	115.5M	262.5M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	443.1M	436.6M	439.8M	54.6M	203.9M
Per Share
Basic EPS	CN¥0.58	CN¥0.57	CN¥0.60	CN¥0.07	CN¥0.28
Diluted EPS	CN¥0.58	CN¥0.56	CN¥0.58	CN¥0.07	CN¥0.28
Revenue Per Share	CN¥7.12	CN¥8.15	CN¥8.78	CN¥10.36	CN¥10.09
Shares
Basic Shares Outstanding	859.6M	765.9M	733.0M	779.7M	728.1M
Diluted Shares Outstanding	859.6M	765.9M	733.0M	779.7M	728.1M
Profitability Metrics
EBITDA	—	786.0M	767.4M	318.0M	391.8M
D&A	—	169.7M	178.3M	175.9M	134.1M
EBIT	—	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026