海昌新材 (300885.SZ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	352.9M	267.0M	297.4M	224.8M	220.1M
Cost of Revenue	235.6M	179.0M	194.4M	158.9M	146.3M
Gross Profit	117.4M	88.0M	103.0M	66.0M	73.8M
Operating Expenses
R&D Expense	17.4M	15.4M	14.9M	13.8M	13.6M
SG&A Expense	—	—	—	—	—
General & Admin Expense	16.3M	15.8M	16.3M	15.3M	16.3M
Selling & Marketing Expense	4.7M	4.3M	4.7M	3.7M	3.5M
Other Expenses	—	—	—	—	—
Total Operating Expenses	37.5M	31.6M	27.6M	24.2M	12.9M
Cost and Expenses	273.1M	210.6M	222.1M	183.1M	159.1M
Operating Income (EBIT)	84.1M	62.8M	82.6M	52.4M	65.5M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	83.8M	62.5M	81.9M	52.2M	65.4M
Income Tax Expense	10.6M	7.3M	10.7M	6.0M	8.2M
Bottom Line
Net Income	61.7M	55.2M	71.2M	46.2M	57.2M
Earnings from Cont. Ops	73.3M	55.2M	71.2M	46.2M	57.2M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	61.7M	55.2M	71.2M	46.2M	57.2M
Per Share
Basic EPS	CN¥0.25	CN¥0.22	CN¥0.29	CN¥0.18	CN¥0.23
Diluted EPS	CN¥0.25	CN¥0.22	CN¥0.29	CN¥0.18	CN¥0.23
Revenue Per Share	CN¥1.42	CN¥1.07	CN¥1.19	CN¥0.90	CN¥0.88
Shares
Basic Shares Outstanding	248.1M	249.4M	249.5M	250.8M	250.8M
Diluted Shares Outstanding	248.1M	249.4M	249.5M	250.8M	250.8M
Profitability Metrics
EBITDA	—	81.0M	100.6M	68.2M	79.5M
D&A	—	18.2M	17.9M	15.8M	14.1M
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