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Xi'an Tianhe Defense Technology Co., Ltd., together with its subsidiaries, engages in military equipment, intelligent security, integrated electronics, communication electronics, and intelligent coastal defense businesses in China and internationally. The company offers military equipment, including portable air defense missile intelligence command system series, field communication command system series, radar and combat command system, intelligent border and coastal defense three-dimensional reconnaissance and command system equipment series, as well as low-altitude target indication radar and ground and sea surface target reconnaissance and surveillance radar, border and coastal defense intelligent sentry series, and underwater unmanned combat system series. It also provides 5G radio frequency products, such as ferrite magnet materials, various isolators/circulators, RF chips/modules, copper-clad laminates, glass substrates, and advanced packaging materials; new generation integrated electronic information, a dual-use military and civilian electronic information system that integrates air, space, water, and human domains for comprehensive perception and interconnection. In addition, the company offers industry big data products; IoT sensing and digital ocean marine sensors. The company was founded in 2001 and is headquartered in Xi'an, China.

	2021	2022	2023	2024	2025	TTM
Revenue
Total revenue	558.6	501.8	350.7	402.4	499.8	619.8
COGS	411.6	370.6	294.1	294.6	358.7	432.6
Gross Profit	146.9	131.2	56.56	107.8	141.1	187.1
Operating Expenses & Income
Operating Income	(87.28)	(143.6)	(201.5)	(114.8)	(65.24)	(27.65)
Total Operating Expenses	234.2	274.8	258	222.6	565	519.1
R&D Expenses	94.89	111.7	121.6	86.36	80.27	79.36
Selling General & Admin Expenses	112.1	119.8	98.86	83.41	34.96	128.3
Earnings from Continuing Operations
Interest Expense	(4.083322)	(2.941396)	(4.554369)	(7.54635)	(12.31)	(14.36)
Interest Income	1.497327	3.80162	3.237256	1.563301	0.247014	0.149954
Income Tax Expense	(11.22)	24.9	21.41	5.373658	-	3.17933
Net Income
Net Income	(72.11)	(151.2)	(195.8)	(105.4)	(100.3)	(59.28)
Supplemental
EBIT	(84.08)	(138.1)	(197)	(108.6)	-	-
EBITDA	(25.76)	(79.07)	(134.6)	(76.03)	-	-

XiAn Tian He Defense Technology Co Ltd