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	1,868	1,529	1,361	1,342	952.21	774.22
Gross Profit	708.62	608.39	683.67	682.4	379.99	323.74
Selling, General & Admin	150.97	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	-27.79	-6.6	-1.59	7.96	4.96	4.25
Operating Expenses	509.9	495.85	390.86	328.78	227.29	227.15
Operating Income	198.72	112.54	292.81	353.62	152.71	96.6
Interest Expense	-2.24	-2.36	-1.45	-1.65	-0.32	-0.69
Interest & Investment Income	40.28	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)	-10.26	-0.31	-0.06	-0.5	0.19	1.58
EBT Excluding Unusual Items	227.55	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	-0.12	-0.12	-0.03	-0.22	-0.23	-1.91
Legal Settlements	-	-	-	-	-	-0.39
Other Unusual Items	31.26	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	27.50%	28.47%	33.44%	33.71%	28.52%	29.49%
Operating Margin	7.71%	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	225.32	136.52	313.29	369.13	167.34	110.93
EBITDA Margin	8.74%	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	198.72	112.54	292.81	353.62	152.71	96.6
EBIT Margin	7.71%	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	2,577	2,137	2,044	2,024	1,332	1,098

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