振华重工 (600320.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	36.3B	36.3B	34.5B	32.9B	30.2B
Cost of Revenue	31.2B	31.3B	30.1B	28.5B	26.1B
Gross Profit	5.1B	5.0B	4.4B	4.5B	4.0B
Operating Expenses
R&D Expense	1.5B	1.5B	1.5B	1.3B	1.1B
SG&A Expense	—	—	—	—	—
General & Admin Expense	838.8M	838.0M	818.5M	849.2M	835.7M
Selling & Marketing Expense	237.4M	236.9M	232.7M	211.4M	176.8M
Other Expenses	—	—	—	—	—
Total Operating Expenses	3.4B	3.3B	3.2B	3.2B	3.1B
Cost and Expenses	34.6B	34.6B	33.3B	31.7B	29.2B
Operating Income (EBIT)	1.3B	1.1B	908.2M	757.2M	625.5M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	1.3B	1.1B	937.4M	785.2M	655.2M
Income Tax Expense	169.9M	113.1M	157.5M	138.6M	57.7M
Bottom Line
Net Income	852.8M	731.8M	533.5M	520.0M	371.9M
Earnings from Cont. Ops	1.1B	1.0B	779.9M	646.5M	597.6M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	852.8M	731.8M	533.5M	520.0M	371.9M
Per Share
Basic EPS	CN¥0.16	CN¥0.14	CN¥0.10	CN¥0.10	CN¥0.07
Diluted EPS	CN¥0.16	CN¥0.14	CN¥0.10	CN¥0.10	CN¥0.07
Revenue Per Share	CN¥6.86	CN¥6.94	CN¥6.46	CN¥6.33	CN¥5.68
Shares
Basic Shares Outstanding	5.3B	5.2B	5.3B	5.2B	5.3B
Diluted Shares Outstanding	5.3B	5.2B	5.3B	5.2B	5.3B
Profitability Metrics
EBITDA	—	2.7B	2.4B	2.1B	1.9B
D&A	—	1.6B	1.5B	1.4B	1.3B
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