蜀道装备 (300540.SZ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	759.0M	710.5M	861.5M	668.4M	239.0M
Cost of Revenue	557.3M	523.2M	639.6M	517.3M	195.8M
Gross Profit	201.7M	187.3M	221.9M	151.0M	43.2M
Operating Expenses
R&D Expense	32.1M	31.4M	31.6M	28.1M	21.4M
SG&A Expense	—	—	—	—	—
General & Admin Expense	85.9M	88.7M	115.4M	75.9M	49.5M
Selling & Marketing Expense	9.6M	9.7M	13.2M	18.7M	6.8M
Other Expenses	—	—	—	—	—
Total Operating Expenses	118.2M	126.4M	161.1M	119.0M	73.4M
Cost and Expenses	675.5M	649.6M	800.7M	636.3M	269.2M
Operating Income (EBIT)	87.0M	73.3M	81.5M	30.9M	(17.9M)
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	87.1M	73.4M	81.2M	31.2M	(24.5M)
Income Tax Expense	14.5M	13.7M	8.8M	(1.6M)	834.2K
Bottom Line
Net Income	73.0M	60.1M	72.4M	32.6M	(25.1M)
Earnings from Cont. Ops	72.6M	59.7M	72.4M	32.8M	(25.3M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	73.0M	60.1M	72.4M	32.6M	(25.1M)
Per Share
Basic EPS	CN¥0.32	CN¥0.27	CN¥0.45	CN¥0.20	(CN¥0.16)
Diluted EPS	CN¥0.32	CN¥0.27	CN¥0.45	CN¥0.20	(CN¥0.16)
Revenue Per Share	CN¥3.30	CN¥3.14	CN¥5.36	CN¥4.16	CN¥1.52
Shares
Basic Shares Outstanding	229.7M	226.3M	160.7M	160.7M	157.7M
Diluted Shares Outstanding	229.7M	226.3M	160.7M	160.7M	157.7M
Profitability Metrics
EBITDA	—	87.0M	93.3M	39.3M	(10.0M)
D&A	—	13.7M	11.8M	8.4M	7.9M
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