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

Shanghai Belling Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	2,521	2,082	1,994	1,960	1,280	1,046
Other Revenue	55.32	55.32	50.63	63.98	52.15	51.67
Revenue	2,577	2,137	2,044	2,024	1,332	1,098
Revenue Growth (YoY)	25.85%	4.54%	0.98%	51.95%	21.33%	39.98%
Cost of Revenue	1,867	1,529	1,361	1,342	952.21	774.22
Gross Profit	709.79	608.39	683.67	682.4	379.99	323.74
Selling, General & Admin	152.13	149.04	137.39	147.43	109.15	106.67
Research & Development	386.17	352.89	255.05	173.43	113.44	115.97
Other Operating Expenses	-32.11	-6.6	-1.59	7.96	4.96	4.25
Operating Expenses	506.77	495.85	390.86	328.78	227.29	227.15
Operating Income	203.01	112.54	292.81	353.62	152.71	96.6
Interest Expense	-0.61	-2.36	-1.45	-1.65	-0.32	-0.69
Interest & Investment Income	16.13	46.38	80.74	100.96	69.66	89.67
Currency Exchange Gain (Loss)	1.04	1.04	12.96	-4.15	-8.62	2.95
Other Non Operating Income (Expenses)	10.92	-0.31	-0.06	-0.5	0.19	1.58
EBT Excluding Unusual Items	230.5	157.29	385	448.28	213.62	190.1
Gain (Loss) on Sale of Investments	56.23	-279.23	27.21	299.93	385.59	93.03
Gain (Loss) on Sale of Assets	0.36	0.03	0.01	-0	0.14	-0
Asset Writedown	0.4	-0.12	-0.03	-0.22	-0.23	-1.91
Legal Settlements	-	-	-	-	-	-0.39
Other Unusual Items	27.79	19.74	16.07	18.68	19.5	12.28
Pretax Income	315.28	-102.28	428.27	766.67	618.61	293.13
Income Tax Expense	6.29	-42.06	28.68	29.12	76.85	24.52
Earnings From Continuing Operations	308.99	-60.22	399.59	737.55	541.76	268.6
Minority Interest in Earnings	-	-	-0.55	-8.25	-13.76	-17.45
Net Income	308.99	-60.22	399.03	729.3	528.01	251.15
Net Income to Common	308.99	-60.22	399.03	729.3	528.01	251.15
Net Income Growth	-	-	-45.29%	38.12%	110.24%	73.10%
Shares Outstanding (Basic)	651	669	700	701	704	698
Shares Outstanding (Diluted)	651	669	700	708	704	698
Shares Change (YoY)	-8.10%	-4.42%	-1.13%	0.57%	0.91%	0.97%
EPS (Basic)	0.47	-0.09	0.57	1.04	0.75	0.36
EPS (Diluted)	0.47	-0.09	0.57	1.03	0.75	0.36
EPS Growth	-	-	-44.66%	37.33%	108.33%	71.43%
Free Cash Flow	40.36	88.65	-239.79	375.33	56.71	129.27
Free Cash Flow Per Share	0.06	0.13	-0.34	0.53	0.08	0.19
Dividend Per Share	0.100	0.100	0.200	0.200	0.130	0.110
Dividend Growth	-50.00%	-50.00%	0%	53.85%	18.18%	144.44%
Gross Margin	27.55%	28.47%	33.44%	33.71%	28.52%	29.49%
Operating Margin	7.88%	5.27%	14.32%	17.47%	11.46%	8.80%
Profit Margin	11.99%	-2.82%	19.52%	36.03%	39.63%	22.87%
Free Cash Flow Margin	1.57%	4.15%	-11.73%	18.54%	4.26%	11.77%
EBITDA	229.61	136.52	313.29	369.13	167.34	110.93
EBITDA Margin	8.91%	6.39%	15.33%	18.23%	12.56%	10.10%
D&A For EBITDA	26.6	23.98	20.48	15.51	14.63	14.33
EBIT	203.01	112.54	292.81	353.62	152.71	96.6
EBIT Margin	7.88%	5.27%	14.32%	17.47%	11.46%	8.80%
Effective Tax Rate	1.99%	-	6.70%	3.80%	12.42%	8.37%
Revenue as Reported	706.62	2,137	2,044	2,024	1,332	1,098

Source: S&P Capital IQ. Standard template. Financial Sources.