天鹅股份 (603029.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	1.0B	958.7M	771.5M	704.2M	647.3M
Cost of Revenue	711.7M	665.7M	500.3M	476.3M	432.7M
Gross Profit	299.2M	293.0M	271.3M	227.9M	214.6M
Operating Expenses
R&D Expense	66.0M	65.0M	70.8M	71.6M	52.2M
SG&A Expense	—	—	—	—	—
General & Admin Expense	80.4M	79.6M	71.9M	66.8M	65.3M
Selling & Marketing Expense	39.3M	38.6M	33.7M	28.6M	40.7M
Other Expenses	—	—	—	—	—
Total Operating Expenses	198.2M	194.9M	182.1M	172.6M	166.7M
Cost and Expenses	909.9M	860.6M	682.4M	648.9M	599.3M
Operating Income (EBIT)	77.4M	75.7M	66.5M	60.2M	50.5M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	82.4M	81.7M	72.3M	67.0M	56.9M
Income Tax Expense	7.7M	7.0M	3.0M	1.6M	(650.1K)
Bottom Line
Net Income	74.7M	74.6M	69.3M	65.4M	57.5M
Earnings from Cont. Ops	74.7M	74.6M	69.3M	65.4M	57.5M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	74.7M	74.6M	69.3M	65.4M	57.5M
Per Share
Basic EPS	CN¥0.62	CN¥0.62	CN¥0.57	CN¥0.54	CN¥0.47
Diluted EPS	CN¥0.62	CN¥0.62	CN¥0.57	CN¥0.54	CN¥0.47
Revenue Per Share	CN¥8.19	CN¥7.96	CN¥6.34	CN¥5.81	CN¥5.29
Shares
Basic Shares Outstanding	123.4M	120.4M	121.6M	121.1M	122.4M
Diluted Shares Outstanding	123.4M	120.4M	121.6M	121.1M	122.4M
Profitability Metrics
EBITDA	—	112.6M	98.0M	88.4M	75.4M
D&A	—	36.9M	31.5M	28.1M	24.9M
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