Harbin Electric Company Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Jan '21 Jan 1, 2021
Operating Revenue	43,728	38,298	28,841	24,644	21,003	23,543
Other Revenue	-	-	-	-	222.2	217.65
Revenue	43,728	38,298	28,841	24,644	21,225	23,760
Revenue Growth (YoY)	35.33%	32.79%	17.03%	16.11%	-10.67%	5.53%
Cost of Revenue	38,356	33,676	26,040	22,010	22,582	21,241
Gross Profit	5,372	4,622	2,801	2,634	-1,357	2,519
Selling, General & Admin	2,244	2,144	1,932	1,807	2,095	1,880
Research & Development	1,171	1,152	998.63	726.64	670.53	976.71
Other Operating Expenses	12.19	33.83	195.88	169.28	-36.42	-309.99
Operating Expenses	3,109	2,844	2,549	2,911	3,217	2,682
Operating Income	2,264	1,778	251.62	-276.99	-4,574	-162.8
Interest Expense	-152.3	-164.69	-216.12	-258.82	-225.76	-243.16
Interest & Investment Income	589.32	508.67	699.72	419.5	426.34	363.02
Currency Exchange Gain (Loss)	-92.7	-75.17	-72.76	91.34	182.9	21.7
Other Non Operating Income (Expenses)	8.42	-4.71	-5.07	-26.91	27.22	119.36
EBT Excluding Unusual Items	2,617	2,042	657.38	-51.88	-4,163	98.12
Impairment of Goodwill	-25.43	-25.43	-	-	-	-
Gain (Loss) on Sale of Investments	4.17	10	3.15	0.79	-	0.22
Gain (Loss) on Sale of Assets	2.72	2.59	2.91	2.79	62.02	5.79
Asset Writedown	-110.86	-78.71	4.47	107.09	-95.11	1.59
Legal Settlements	19.31	19.31	-130.25	-1.38	-4.14	-28.76
Other Unusual Items	49.74	49.74	231.35	148.37	-	-
Pretax Income	2,556	2,019	769.01	205.78	-4,200	76.96
Income Tax Expense	322.56	300.86	153.62	76.35	-99.4	60.9
Earnings From Continuing Operations	2,234	1,719	615.38	129.43	-4,101	16.06
Minority Interest in Earnings	-19.99	-32.95	-40.62	-30.79	-41.58	-23.34
Net Income	2,214	1,686	574.76	98.64	-4,142	-7.28
Net Income to Common	2,214	1,686	574.76	98.64	-4,142	-7.28
Net Income Growth	118.64%	193.26%	482.69%	-	-	-
Shares Outstanding (Basic)	2,236	2,236	1,836	1,701	1,707	1,820
Shares Outstanding (Diluted)	2,236	2,236	1,836	1,701	1,707	1,820
Shares Change (YoY)	6.39%	21.74%	7.98%	-0.36%	-6.23%	6.29%
EPS (Basic)	0.99	0.75	0.31	0.06	-2.43	-0.00
EPS (Diluted)	0.99	0.75	0.31	0.06	-2.43	-0.00
EPS Growth	107.29%	140.89%	439.66%	-	-	-
Free Cash Flow	2,653	-1,926	1,194	4,374	657.6	1,630
Free Cash Flow Per Share	1.19	-0.86	0.65	2.57	0.39	0.90
Dividend Per Share	0.231	0.231	0.052	0.006	-	-
Dividend Growth	344.45%	344.45%	766.87%	-	-	-
Gross Margin	12.29%	12.07%	9.71%	10.69%	-6.39%	10.60%
Operating Margin	5.18%	4.64%	0.87%	-1.12%	-21.55%	-0.69%
Profit Margin	5.06%	4.40%	1.99%	0.40%	-19.52%	-0.03%
Free Cash Flow Margin	6.07%	-5.03%	4.14%	17.75%	3.10%	6.86%
EBITDA	2,848	2,500	962.86	477.55	-3,959	598.07
EBITDA Margin	6.51%	6.53%	3.34%	1.94%	-18.65%	2.52%
D&A For EBITDA	584.25	721.86	711.23	754.54	614.25	760.87
EBIT	2,264	1,778	251.62	-276.99	-4,574	-162.8
EBIT Margin	5.18%	4.64%	0.87%	-1.12%	-21.55%	-0.69%
Effective Tax Rate	12.62%	14.90%	19.98%	37.10%	-	79.14%
Revenue as Reported	44,157	38,721	29,250	24,984	21,570	24,000
Advertising Expenses	-	1.23	2.34	1.94	2.29	2.21

Source: S&P Global Market Intelligence. Standard template. Financial Sources.