Liaoning Shidai Wanheng Co.,Ltd. (SHA:600241)

Liaoning Shidai Wanheng 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	378.59	397.17	646.9	923.94	768.66	511.58
Other Revenue	3.72	3.72	6.99	12.15	12.2	4.31
Revenue	382.3	400.88	653.88	936.09	780.86	515.89
Revenue Growth (YoY)	-12.75%	-38.69%	-30.15%	19.88%	51.36%	17.47%
Cost of Revenue	297.02	287.46	489.89	692.55	559.13	393.55
Gross Profit	85.28	113.42	164	243.55	221.73	122.34
Selling, General & Admin	73.91	70.61	70.12	90.04	80.86	81.12
Research & Development	20.84	21.72	28.9	32.88	31.4	21.47
Other Operating Expenses	4.63	4.52	4.17	7.53	7.61	7.56
Operating Expenses	93.47	101.32	106.28	141.26	124	114.73
Operating Income	-8.19	12.1	57.72	102.29	97.72	7.61
Interest Expense	-0.05	-0.05	-0.08	-0	-3.79	-12.64
Interest & Investment Income	7.47	8.43	9.7	6.06	3.99	1.65
Currency Exchange Gain (Loss)	2.17	2.17	3.77	17.62	-9.36	-2.09
Other Non Operating Income (Expenses)	1.02	-0.11	-0.11	-0.28	-26.03	-11.77
EBT Excluding Unusual Items	2.41	22.53	70.99	125.68	62.52	-17.25
Impairment of Goodwill	-	-	-	-32.21	-21.96	-
Gain (Loss) on Sale of Investments	-3.67	-4.26	-	-13.86	-39.89	-21.73
Gain (Loss) on Sale of Assets	0.13	0.23	-0.04	0.16	0.01	-0.04
Asset Writedown	-	-	-	-0.04	-	0.02
Other Unusual Items	0.46	0.37	0.76	1.49	4.37	3.77
Pretax Income	-0.66	18.88	71.71	81.21	5.05	-35.22
Income Tax Expense	-1.03	0.17	0.72	-0.61	1.22	4.13
Earnings From Continuing Operations	0.37	18.71	70.99	81.82	3.83	-39.34
Minority Interest in Earnings	1.89	0.67	-10.37	-30.59	-17.22	11.25
Net Income	2.26	19.38	60.62	51.24	-13.38	-28.09
Net Income to Common	2.26	19.38	60.62	51.24	-13.38	-28.09
Net Income Growth	-93.56%	-68.03%	18.32%	-	-	-
Shares Outstanding (Basic)	168	277	289	301	268	281
Shares Outstanding (Diluted)	168	277	289	301	268	281
Shares Change (YoY)	-44.41%	-4.08%	-4.21%	12.61%	-4.73%	-5.04%
EPS (Basic)	0.01	0.07	0.21	0.17	-0.05	-0.10
EPS (Diluted)	0.01	0.07	0.21	0.17	-0.05	-0.10
EPS Growth	-88.41%	-66.67%	23.53%	-	-	-
Free Cash Flow	78.13	44.2	-86.83	192.82	252.9	-87.75
Free Cash Flow Per Share	0.47	0.16	-0.30	0.64	0.94	-0.31
Gross Margin	22.31%	28.29%	25.08%	26.02%	28.39%	23.71%
Operating Margin	-2.14%	3.02%	8.83%	10.93%	12.52%	1.47%
Profit Margin	0.59%	4.83%	9.27%	5.47%	-1.71%	-5.45%
Free Cash Flow Margin	20.44%	11.03%	-13.28%	20.60%	32.39%	-17.01%
EBITDA	15.56	35.68	81.06	128.48	126.32	50.59
EBITDA Margin	4.07%	8.90%	12.40%	13.73%	16.18%	9.81%
D&A For EBITDA	23.75	23.57	23.34	26.19	28.6	42.98
EBIT	-8.19	12.1	57.72	102.29	97.72	7.61
EBIT Margin	-2.14%	3.02%	8.83%	10.93%	12.52%	1.47%
Effective Tax Rate	-	0.90%	1.00%	-	24.09%	-
Revenue as Reported	382.3	400.88	653.88	936.09	780.86	515.89
Advertising Expenses	-	0.49	0.02	0.01	0.32	0.71

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