Zhejiang Shibao Co., Ltd. (002703.SZ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	3.7B	3.5B	2.7B	1.8B	1.4B
Cost of Revenue	3.0B	2.9B	2.1B	1.5B	1.1B
Gross Profit	691.7M	657.8M	564.0M	351.8M	269.0M
Operating Expenses
R&D Expense	231.4M	215.7M	159.7M	118.2M	99.7M
SG&A Expense	48.2M	—	—	—	—
General & Admin Expense	153.9M	152.5M	133.2M	109.3M	87.8M
Selling & Marketing Expense	58.5M	54.9M	52.1M	39.7M	52.0M
Other Expenses	(10.5M)	—	—	—	—
Total Operating Expenses	449.7M	444.6M	362.8M	286.0M	253.6M
Cost and Expenses	3.5B	3.3B	2.5B	1.8B	1.4B
Operating Income (EBIT)	203.5M	192.5M	154.8M	86.6M	18.6M
Non-Operating
Interest Income	798.7K	—	—	—	—
Interest Expense	236.6K	—	—	—	—
Net Interest Income	562.1K	—	—	—	—
Other Non-Op Income/Expense	6.6M	—	—	—	—
Non-Operating Income (excl Interest)	19.3M	—	—	—	—
EBT (Pre-Tax Income)	199.8M	189.7M	152.3M	84.0M	18.6M
Income Tax Expense	(10.3M)	(11.5M)	(16.6M)	(862.5K)	369.2K
Bottom Line
Net Income	190.9M	180.5M	149.1M	77.2M	15.8M
Earnings from Cont. Ops	210.1M	201.1M	168.8M	84.9M	18.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	190.9M	180.5M	149.1M	77.2M	15.8M
Per Share
Basic EPS	CN¥0.23	CN¥0.22	CN¥0.18	CN¥0.10	CN¥0.02
Diluted EPS	CN¥0.23	CN¥0.22	CN¥0.18	CN¥0.10	CN¥0.02
Revenue Per Share	CN¥4.55	CN¥4.31	CN¥3.31	CN¥2.30	CN¥1.75
Shares
Basic Shares Outstanding	822.6M	822.8M	814.4M	789.4M	791.2M
Diluted Shares Outstanding	822.6M	822.8M	814.4M	789.4M	791.2M
Profitability Metrics
EBITDA	82.1M	288.5M	247.8M	177.8M	101.5M
D&A	25.3M	96.0M	92.9M	91.2M	82.9M
EBIT	44.7M	—	—	—	—

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 Jun 1, 2026