天安新材 (603725.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	3.0B	3.1B	3.1B	3.1B	2.7B
Cost of Revenue	2.4B	2.4B	2.4B	2.4B	2.2B
Gross Profit	672.2M	689.2M	700.7M	704.7M	561.6M
Operating Expenses
R&D Expense	101.4M	104.0M	109.3M	119.1M	103.8M
SG&A Expense	—	—	—	—	—
General & Admin Expense	179.0M	183.2M	173.0M	177.5M	155.4M
Selling & Marketing Expense	188.0M	195.1M	196.4M	228.1M	217.9M
Other Expenses	—	—	—	—	—
Total Operating Expenses	517.7M	531.4M	529.1M	586.2M	542.9M
Cost and Expenses	2.9B	2.9B	2.9B	3.0B	2.7B
Operating Income (EBIT)	111.2M	106.1M	151.6M	180.8M	(235.9M)
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	112.4M	105.8M	151.8M	182.7M	(232.5M)
Income Tax Expense	(22.5M)	(26.4M)	24.1M	28.1M	(28.5M)
Bottom Line
Net Income	115.8M	111.6M	101.0M	120.9M	(165.5M)
Earnings from Cont. Ops	134.8M	132.2M	127.7M	154.6M	(204.0M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	115.8M	111.6M	101.0M	120.9M	(165.5M)
Per Share
Basic EPS	CN¥0.38	CN¥0.37	CN¥0.33	CN¥0.41	(CN¥0.79)
Diluted EPS	CN¥0.38	CN¥0.37	CN¥0.33	CN¥0.41	(CN¥0.79)
Revenue Per Share	CN¥9.39	CN¥10.23	CN¥10.13	CN¥10.65	CN¥12.97
Shares
Basic Shares Outstanding	322.8M	301.5M	306.1M	295.0M	209.5M
Diluted Shares Outstanding	322.8M	301.5M	306.1M	295.0M	209.5M
Profitability Metrics
EBITDA	—	203.1M	245.8M	284.0M	(119.1M)
D&A	—	97.0M	94.2M	103.2M	116.9M
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