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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,016	2,780	2,082	1,994	1,960	1,280
Other Revenue	38.93	38.93	55.32	50.63	63.98	52.15
Revenue	3,055	2,819	2,137	2,044	2,024	1,332
Revenue Growth (YoY)	28.65%	31.89%	4.54%	0.98%	51.95%	21.34%
Cost of Revenue	2,236	2,051	1,529	1,361	1,342	952.21
Gross Profit	818.47	767.34	608.39	683.67	682.4	379.99
Selling, General & Admin	175.42	159.81	150.12	137.39	147.43	109.15
Research & Development	446.6	423.37	351.81	255.05	173.43	113.44
Other Operating Expenses	-38.54	-42.34	-6.6	-1.59	7.96	4.96
Operating Expenses	584.15	541.51	495.85	390.86	328.78	227.29
Operating Income	234.32	225.83	112.54	292.81	353.62	152.71
Interest Expense	-2.15	-2.15	-2.36	-1.45	-1.65	-0.32
Interest & Investment Income	95.6	93.52	46.38	80.74	100.96	69.66
Currency Exchange Gain (Loss)	3.14	3.14	1.04	12.96	-4.15	-8.62
Other Non Operating Income (Expenses)	-4.46	-0.29	-0.31	-0.06	-0.5	0.19
EBT Excluding Unusual Items	326.44	320.05	157.29	385	448.28	213.62
Gain (Loss) on Sale of Investments	52.55	55.02	-279.23	27.21	299.93	385.59
Gain (Loss) on Sale of Assets	0.05	0.34	0.03	0.01	-0	0.14
Asset Writedown	0.5	-0.49	-0.12	-0.03	-0.22	-0.23
Other Unusual Items	18.42	18.42	19.74	16.07	18.68	19.5
Pretax Income	398.92	394.29	-102.28	428.27	766.67	618.61
Income Tax Expense	0.44	-1.24	-42.06	28.68	29.12	76.85
Earnings From Continuing Operations	398.48	395.53	-60.22	399.59	737.55	541.76
Minority Interest in Earnings	-	-	-	-0.55	-8.25	-13.76
Net Income	398.48	395.53	-60.22	399.03	729.3	528.01
Net Income to Common	398.48	395.53	-60.22	399.03	729.3	528.01
Net Income Growth	196.75%	-	-	-45.28%	38.12%	110.24%
Shares Outstanding (Basic)	714	706	669	700	701	704
Shares Outstanding (Diluted)	714	706	669	700	708	704
Shares Change (YoY)	7.75%	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	175.41%	-	-	-44.66%	37.33%	108.33%
Free Cash Flow	110.68	66.34	88.65	-239.79	375.33	56.71
Free Cash Flow Per Share	0.15	0.09	0.13	-0.34	0.53	0.08
Dividend Per Share	0.170	0.170	0.100	0.200	0.200	0.130
Dividend Growth	70.00%	70.00%	-50.00%	-	53.85%	18.18%
Gross Margin	26.79%	27.22%	28.47%	33.44%	33.71%	28.52%
Operating Margin	7.67%	8.01%	5.27%	14.32%	17.47%	11.46%
Profit Margin	13.04%	14.03%	-2.82%	19.52%	36.03%	39.63%
Free Cash Flow Margin	3.62%	2.35%	4.15%	-11.73%	18.54%	4.26%
EBITDA	260.25	251.62	143.97	313.29	369.13	167.34
EBITDA Margin	8.52%	8.93%	6.74%	15.32%	18.23%	12.56%
D&A For EBITDA	25.93	25.79	31.43	20.48	15.51	14.63
EBIT	234.32	225.83	112.54	292.81	353.62	152.71
EBIT Margin	7.67%	8.01%	5.27%	14.32%	17.47%	11.46%
Effective Tax Rate	0.11%	-	-	6.70%	3.80%	12.42%
Revenue as Reported	3,055	2,819	2,137	2,044	2,024	1,332

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.