天瑞仪器 (300165.SZ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	625.7M	619.1M	851.1M	1.0B	1.4B
Cost of Revenue	350.2M	352.3M	541.9M	648.7M	994.4M
Gross Profit	275.5M	266.9M	309.2M	368.5M	409.6M
Operating Expenses
R&D Expense	40.0M	41.6M	70.4M	84.3M	79.9M
SG&A Expense	—	—	—	—	—
General & Admin Expense	79.6M	84.0M	94.6M	112.6M	110.1M
Selling & Marketing Expense	152.6M	154.2M	191.3M	209.6M	202.6M
Other Expenses	—	—	—	—	—
Total Operating Expenses	313.3M	312.8M	313.3M	381.4M	384.4M
Cost and Expenses	663.5M	665.1M	855.2M	1.0B	1.4B
Operating Income (EBIT)	(222.7M)	(229.4M)	(90.8M)	(111.0M)	(80.3M)
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	(220.5M)	(230.2M)	(92.0M)	(113.4M)	(81.1M)
Income Tax Expense	13.1M	11.2M	4.8M	1.7M	9.5M
Bottom Line
Net Income	(223.4M)	(232.8M)	(97.3M)	(114.4M)	(87.9M)
Earnings from Cont. Ops	(233.6M)	(241.4M)	(96.9M)	(115.1M)	(90.5M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(223.4M)	(232.8M)	(97.3M)	(114.4M)	(87.9M)
Per Share
Basic EPS	(CN¥0.45)	(CN¥0.47)	(CN¥0.20)	(CN¥0.23)	(CN¥0.18)
Diluted EPS	(CN¥0.45)	(CN¥0.47)	(CN¥0.20)	(CN¥0.23)	(CN¥0.18)
Revenue Per Share	CN¥1.26	CN¥1.25	CN¥1.75	CN¥2.04	CN¥2.88
Shares
Basic Shares Outstanding	494.9M	495.4M	486.6M	497.5M	488.2M
Diluted Shares Outstanding	494.9M	495.4M	486.6M	497.5M	488.2M
Profitability Metrics
EBITDA	—	(199.4M)	(53.3M)	(73.2M)	(36.8M)
D&A	—	30.0M	37.5M	37.7M	43.5M
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