Zhejiang Shibao Co., Ltd. (002703.SZ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	3.9B	3.5B	2.7B	1.8B	1.4B
Cost of Revenue	3.2B	2.9B	2.1B	1.5B	1.1B
Gross Profit	687.7M	657.8M	564.0M	351.8M	269.0M
Operating Expenses
R&D Expense	241.2M	215.7M	159.7M	118.2M	99.7M
SG&A Expense	155.7M	—	—	—	—
General & Admin Expense	198.0M	152.5M	133.2M	109.3M	87.8M
Selling & Marketing Expense	73.7M	54.9M	52.1M	39.7M	52.0M
Other Expenses	(72.6M)	—	—	—	—
Total Operating Expenses	449.2M	444.6M	362.8M	286.0M	253.6M
Cost and Expenses	3.7B	3.3B	2.5B	1.8B	1.4B
Operating Income (EBIT)	193.1M	192.5M	154.8M	86.6M	18.6M
Non-Operating
Interest Income	1.3M	—	—	—	—
Interest Expense	478.7K	—	—	—	—
Net Interest Income	801.2K	—	—	—	—
Other Non-Op Income/Expense	6.4M	—	—	—	—
Non-Operating Income (excl Interest)	19.3M	—	—	—	—
EBT (Pre-Tax Income)	189.3M	189.7M	152.3M	84.0M	18.6M
Income Tax Expense	(7.2M)	(11.5M)	(16.6M)	(862.5K)	369.2K
Bottom Line
Net Income	182.0M	180.5M	149.1M	77.2M	15.8M
Earnings from Cont. Ops	196.5M	201.1M	168.8M	84.9M	18.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	182.0M	180.5M	149.1M	77.2M	15.8M
Per Share
Basic EPS	CN¥0.22	CN¥0.22	CN¥0.18	CN¥0.10	CN¥0.02
Diluted EPS	CN¥0.22	CN¥0.22	CN¥0.18	CN¥0.10	CN¥0.02
Revenue Per Share	CN¥4.72	CN¥4.31	CN¥3.31	CN¥2.30	CN¥1.75
Shares
Basic Shares Outstanding	822.6M	822.8M	814.4M	789.4M	791.2M
Diluted Shares Outstanding	822.6M	822.8M	814.4M	789.4M	791.2M
Profitability Metrics
EBITDA	121.7M	288.5M	247.8M	177.8M	101.5M
D&A	25.3M	96.0M	92.9M	91.2M	82.9M
EBIT	96.3M	—	—	—	—

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 Sep 1, 2026