德昌股份 (605555.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	4.5B	4.5B	4.1B	2.8B	1.9B
Cost of Revenue	4.0B	3.9B	3.4B	2.2B	1.6B
Gross Profit	537.3M	574.2M	711.0M	530.4M	344.7M
Operating Expenses
R&D Expense	161.6M	162.0M	137.8M	101.2M	81.5M
SG&A Expense	—	—	—	—	—
General & Admin Expense	204.9M	204.8M	172.6M	121.5M	98.9M
Selling & Marketing Expense	28.7M	28.1M	16.6M	11.0M	8.6M
Other Expenses	—	—	—	—	—
Total Operating Expenses	446.2M	406.8M	261.9M	164.4M	24.0M
Cost and Expenses	4.4B	4.3B	3.6B	2.4B	1.6B
Operating Income (EBIT)	82.8M	158.0M	456.2M	364.3M	328.2M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	72.0M	146.2M	453.3M	362.9M	323.9M
Income Tax Expense	(22.3M)	(16.5M)	42.5M	40.8M	25.3M
Bottom Line
Net Income	94.3M	162.7M	410.8M	322.2M	298.5M
Earnings from Cont. Ops	94.3M	162.7M	410.8M	322.2M	298.5M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	94.3M	162.7M	410.8M	322.2M	298.5M
Per Share
Basic EPS	CN¥0.20	CN¥0.34	CN¥0.85	CN¥0.87	CN¥0.80
Diluted EPS	CN¥0.20	CN¥0.34	CN¥0.85	CN¥0.87	CN¥0.80
Revenue Per Share	CN¥10.72	CN¥9.40	CN¥8.47	CN¥7.49	CN¥5.19
Shares
Basic Shares Outstanding	422.0M	478.5M	483.3M	370.3M	373.2M
Diluted Shares Outstanding	422.0M	478.5M	483.3M	370.3M	373.2M
Profitability Metrics
EBITDA	—	318.3M	575.0M	449.9M	391.4M
D&A	—	160.3M	118.8M	85.6M	63.2M
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