三旺通信 (688618.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	345.7M	357.7M	356.8M	439.4M	335.7M
Cost of Revenue	152.8M	155.6M	140.9M	189.4M	140.3M
Gross Profit	192.8M	202.1M	216.0M	250.0M	195.4M
Operating Expenses
R&D Expense	68.9M	76.3M	73.5M	61.5M	57.7M
SG&A Expense	—	—	—	—	—
General & Admin Expense	41.7M	41.5M	48.0M	31.4M	18.9M
Selling & Marketing Expense	77.0M	76.1M	62.4M	56.1M	46.3M
Other Expenses	—	—	—	—	—
Total Operating Expenses	194.1M	200.0M	190.3M	154.4M	126.3M
Cost and Expenses	346.9M	355.6M	331.1M	343.8M	266.6M
Operating Income (EBIT)	25.4M	34.9M	31.9M	122.4M	102.6M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	25.3M	34.8M	31.8M	122.6M	102.2M
Income Tax Expense	(1.8M)	(1.2M)	(1.1M)	13.8M	6.7M
Bottom Line
Net Income	27.1M	36.0M	32.8M	109.3M	96.1M
Earnings from Cont. Ops	27.1M	36.0M	32.8M	108.8M	95.5M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	27.1M	36.0M	32.8M	109.3M	96.1M
Per Share
Basic EPS	CN¥0.25	CN¥0.33	CN¥0.30	CN¥0.98	CN¥1.29
Diluted EPS	CN¥0.25	CN¥0.33	CN¥0.30	CN¥0.98	CN¥1.29
Revenue Per Share	CN¥4.05	CN¥3.28	CN¥3.26	CN¥3.94	CN¥4.51
Shares
Basic Shares Outstanding	85.4M	109.0M	109.4M	111.6M	74.5M
Diluted Shares Outstanding	85.4M	109.0M	109.4M	111.6M	74.5M
Profitability Metrics
EBITDA	—	51.5M	44.0M	131.0M	107.4M
D&A	—	16.6M	12.1M	8.6M	4.8M
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