Shanghai Belling Co., Ltd. (SHA:600171)

Shanghai Belling Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,845	2,819	2,082	1,994	1,960	1,280
Other Revenue	-	-	55.32	50.63	63.98	52.15
Revenue	2,845	2,819	2,137	2,044	2,024	1,332
Revenue Growth (YoY)	30.23%	31.89%	4.54%	0.98%	51.95%	21.34%
Cost of Revenue	2,045	2,023	1,529	1,361	1,342	952.21
Gross Profit	800.66	795.58	608.39	683.67	682.4	379.99
Selling, General & Admin	159.56	157.27	149.04	137.39	147.43	109.15
Research & Development	444.98	430.32	352.89	255.05	173.43	113.44
Other Operating Expenses	-63.31	-60.5	-6.6	-1.59	7.96	4.96
Operating Expenses	541.22	527.09	495.85	390.86	328.78	227.29
Operating Income	259.44	268.49	112.54	292.81	353.62	152.71
Interest Expense	-	-	-2.36	-1.45	-1.65	-0.32
Interest & Investment Income	62.49	61.17	46.38	80.74	100.96	69.66
Currency Exchange Gain (Loss)	-	-	1.04	12.96	-4.15	-8.62
Other Non Operating Income (Expenses)	31.73	33.13	-0.31	-0.06	-0.5	0.19
EBT Excluding Unusual Items	353.66	362.79	157.29	385	448.28	213.62
Gain (Loss) on Sale of Investments	69.38	55.02	-279.23	27.21	299.93	385.59
Gain (Loss) on Sale of Assets	0.52	0.34	0.03	0.01	-0	0.14
Asset Writedown	-23.85	-23.85	-0.12	-0.03	-0.22	-0.23
Other Unusual Items	-	-	19.74	16.07	18.68	19.5
Pretax Income	399.71	394.29	-102.28	428.27	766.67	618.61
Income Tax Expense	2.69	-1.24	-42.06	28.68	29.12	76.85
Earnings From Continuing Operations	397.02	395.53	-60.22	399.59	737.55	541.76
Minority Interest in Earnings	-	-	-	-0.55	-8.25	-13.76
Net Income	397.02	395.53	-60.22	399.03	729.3	528.01
Net Income to Common	397.02	395.53	-60.22	399.03	729.3	528.01
Net Income Growth	-	-	-	-45.28%	38.12%	110.24%
Shares Outstanding (Basic)	707	706	669	700	701	704
Shares Outstanding (Diluted)	707	706	669	700	708	704
Shares Change (YoY)	5.76%	5.56%	-4.42%	-1.13%	0.57%	0.91%
EPS (Basic)	0.56	0.56	-0.09	0.57	1.04	0.75
EPS (Diluted)	0.56	0.56	-0.09	0.57	1.03	0.75
EPS Growth	-	-	-	-44.66%	37.33%	108.33%
Free Cash Flow	31.85	66.34	88.65	-239.79	375.33	56.71
Free Cash Flow Per Share	0.04	0.09	0.13	-0.34	0.53	0.08
Dividend Per Share	-	-	0.100	0.200	0.200	0.130
Dividend Growth	-	-	-50.00%	-	53.85%	18.18%
Gross Margin	28.14%	28.23%	28.47%	33.44%	33.71%	28.52%
Operating Margin	9.12%	9.53%	5.27%	14.32%	17.47%	11.46%
Profit Margin	13.95%	14.03%	-2.82%	19.52%	36.03%	39.63%
Free Cash Flow Margin	1.12%	2.35%	4.15%	-11.73%	18.54%	4.26%
EBITDA	295.19	301.88	136.52	313.29	369.13	167.34
EBITDA Margin	10.38%	10.71%	6.39%	15.32%	18.23%	12.56%
D&A For EBITDA	35.75	33.39	23.98	20.48	15.51	14.63
EBIT	259.44	268.49	112.54	292.81	353.62	152.71
EBIT Margin	9.12%	9.53%	5.27%	14.32%	17.47%	11.46%
Effective Tax Rate	0.67%	-	-	6.70%	3.80%	12.42%
Revenue as Reported	-	-	2,137	2,044	2,024	1,332

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.