Harbin Air Conditioning Co.,Ltd. (SHA:600202)

Harbin Air Conditioning 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,285	1,399	1,411	1,095	833.4	908.32
Other Revenue	7.54	7.54	11.29	7.93	19.39	8.86
Revenue	1,292	1,407	1,423	1,103	852.78	917.18
Revenue Growth (YoY)	-0.97%	-1.10%	28.97%	29.35%	-7.02%	1.40%
Cost of Revenue	1,154	1,227	1,194	945.67	793.94	743.33
Gross Profit	138.49	179.98	228.14	157.41	58.84	173.85
Selling, General & Admin	90.34	91.51	85.85	63.39	62.96	54.36
Research & Development	38.03	41.17	46.63	35.61	32.44	34.69
Other Operating Expenses	20.42	5.52	8.21	8.36	7.52	7
Operating Expenses	163.62	153.12	157	117.57	110.13	99.66
Operating Income	-25.13	26.86	71.15	39.85	-51.28	74.18
Interest Expense	-28.82	-32.9	-28.4	-24.28	-17.22	-27.19
Interest & Investment Income	1.93	2.55	1.86	2.18	2.79	9.19
Earnings From Equity Investments	-	-	-	-	-	-0.2
Currency Exchange Gain (Loss)	2.48	2.48	3.27	11.01	-5.59	-16.86
Other Non Operating Income (Expenses)	-13.98	-9.56	-5.45	-4.77	-5.4	-6.19
EBT Excluding Unusual Items	-63.52	-10.57	42.43	23.99	-76.7	32.94
Gain (Loss) on Sale of Investments	-0.65	-1.04	-0.81	-1.29	-3.01	-
Gain (Loss) on Sale of Assets	-0.03	0.06	-13.44	7.04	139.62	17.01
Asset Writedown	-3.25	-1.82	-7.18	-	-	-
Legal Settlements	-	-	-	-	-12.32	-
Other Unusual Items	33.85	14.25	3.26	12.57	13.34	6.37
Pretax Income	-33.6	0.87	24.26	42.31	60.93	56.32
Income Tax Expense	-1.91	3.11	-0.46	1.38	-6.16	5.65
Earnings From Continuing Operations	-31.69	-2.24	24.72	40.93	67.08	50.67
Minority Interest in Earnings	13.79	9.6	-3.38	-3.47	-0.93	-0.26
Net Income	-17.9	7.36	21.34	37.46	66.15	50.41
Net Income to Common	-17.9	7.36	21.34	37.46	66.15	50.41
Net Income Growth	-	-65.53%	-43.04%	-43.37%	31.21%	-0.32%
Shares Outstanding (Basic)	381	383	383	383	383	383
Shares Outstanding (Diluted)	381	383	383	383	383	383
Shares Change (YoY)	-1.22%	0.01%	-0.08%	0.04%	-0.03%	-0.02%
EPS (Basic)	-0.05	0.02	0.06	0.10	0.17	0.13
EPS (Diluted)	-0.05	0.02	0.06	0.10	0.17	0.13
EPS Growth	-	-65.53%	-42.99%	-43.40%	31.25%	-0.30%
Free Cash Flow	-103.01	-55.76	-78.74	12.29	-79.32	-106.54
Free Cash Flow Per Share	-0.27	-0.15	-0.21	0.03	-0.21	-0.28
Dividend Per Share	0.010	0.020	-	-	-	-
Gross Margin	10.72%	12.79%	16.04%	14.27%	6.90%	18.95%
Operating Margin	-1.94%	1.91%	5.00%	3.61%	-6.01%	8.09%
Profit Margin	-1.39%	0.52%	1.50%	3.40%	7.76%	5.50%
Free Cash Flow Margin	-7.97%	-3.96%	-5.54%	1.11%	-9.30%	-11.62%
EBITDA	10.34	59.34	99.64	62.56	-32.28	93.41
EBITDA Margin	0.80%	4.22%	7.00%	5.67%	-3.79%	10.18%
D&A For EBITDA	35.47	32.48	28.49	22.71	19	19.23
EBIT	-25.13	26.86	71.15	39.85	-51.28	74.18
EBIT Margin	-1.94%	1.91%	5.00%	3.61%	-6.01%	8.09%
Effective Tax Rate	-	357.34%	-	3.25%	-	10.03%
Revenue as Reported	1,292	1,407	1,423	1,103	852.78	917.18

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