香山股份 (002870.SZ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	5.8B	6.0B	5.9B	5.8B	4.8B
Cost of Revenue	4.5B	4.6B	4.5B	4.4B	3.7B
Gross Profit	1.3B	1.4B	1.4B	1.4B	1.2B
Operating Expenses
R&D Expense	445.8M	442.1M	429.5M	338.2M	305.1M
SG&A Expense	—	—	—	—	—
General & Admin Expense	402.2M	421.9M	390.9M	351.2M	321.2M
Selling & Marketing Expense	198.2M	223.7M	206.9M	177.7M	165.1M
Other Expenses	—	—	—	—	—
Total Operating Expenses	1.2B	1.3B	1.2B	977.2M	864.4M
Cost and Expenses	5.7B	5.9B	5.6B	5.4B	4.5B
Operating Income (EBIT)	123.4M	179.4M	262.1M	359.6M	201.6M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	115.6M	170.5M	262.1M	358.4M	205.8M
Income Tax Expense	29.7M	35.7M	25.3M	39.4M	(3.4M)
Bottom Line
Net Income	61.8M	94.9M	155.3M	161.2M	86.3M
Earnings from Cont. Ops	15.1M	53.4M	193.8M	318.9M	209.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	61.8M	94.9M	155.3M	161.2M	86.3M
Per Share
Basic EPS	CN¥0.47	CN¥0.72	CN¥1.18	CN¥1.22	CN¥0.69
Diluted EPS	CN¥0.47	CN¥0.72	CN¥1.18	CN¥1.22	CN¥0.69
Revenue Per Share	CN¥44.14	CN¥45.74	CN¥44.86	CN¥43.81	CN¥38.53
Shares
Basic Shares Outstanding	130.9M	131.8M	131.6M	132.1M	125.0M
Diluted Shares Outstanding	130.9M	131.8M	131.6M	132.1M	125.0M
Profitability Metrics
EBITDA	—	659.1M	707.1M	704.5M	522.1M
D&A	—	479.7M	445.0M	344.9M	320.6M
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