Henan Pinggao Electric Co.,Ltd. (SHA:600312)

Henan Pinggao Electric 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	12,970	12,308	10,963	9,174	9,107	9,620
Other Revenue	84.51	93.58	114.43	100.1	166.67	160.8
Revenue	13,055	12,402	11,077	9,274	9,273	9,781
Revenue Growth (YoY)	15.59%	11.96%	19.44%	0.01%	-5.19%	-12.35%
Cost of Revenue	10,125	9,702	8,795	7,688	8,083	8,648
Gross Profit	2,930	2,700	2,282	1,586	1,190	1,134
Selling, General & Admin	884.59	860.1	728.48	756.33	532.34	526.9
Research & Development	628.41	550.46	523.95	391.83	310.15	233.99
Other Operating Expenses	28.45	43.18	48.31	83.13	78.44	63.99
Operating Expenses	1,598	1,493	1,354	1,299	953.7	833.78
Operating Income	1,331	1,207	927.81	287.5	236.4	299.77
Interest Expense	-2.62	-1.98	-2.2	-32.37	-48.05	-86.1
Interest & Investment Income	112.08	102.62	79.46	63.86	56.7	44.42
Currency Exchange Gain (Loss)	1.26	0.56	37.8	48.4	-20.26	-31.39
Other Non Operating Income (Expenses)	-5.7	-7.15	-8	-7.92	-6.34	0.61
EBT Excluding Unusual Items	1,437	1,301	1,035	359.48	218.46	227.3
Impairment of Goodwill	-	-	-	-	-88.19	-115.56
Gain (Loss) on Sale of Investments	-1.68	-	0	0.01	0	-
Gain (Loss) on Sale of Assets	-2.01	-1.83	-5.43	-5.18	-1.4	-2.14
Asset Writedown	-35.16	-35.16	-43.53	-43.28	-36.73	-
Other Unusual Items	24.01	9.21	16.44	18.93	40.9	93.82
Pretax Income	1,422	1,273	1,002	329.96	133.04	203.41
Income Tax Expense	160.6	154.29	81.57	29.49	12.66	66.54
Earnings From Continuing Operations	1,261	1,119	920.79	300.47	120.38	136.87
Minority Interest in Earnings	-106.68	-95.73	-105.07	-88.31	-49.61	-10.77
Net Income	1,154	1,023	815.71	212.17	70.77	126.1
Net Income to Common	1,154	1,023	815.71	212.17	70.77	126.1
Net Income Growth	13.64%	25.43%	284.47%	199.78%	-43.87%	-44.81%
Shares Outstanding (Basic)	1,357	1,357	1,357	1,357	1,356	1,357
Shares Outstanding (Diluted)	1,357	1,357	1,357	1,357	1,356	1,357
Shares Change (YoY)	0.00%	0.01%	0.02%	0.05%	-0.11%	0.03%
EPS (Basic)	0.85	0.75	0.60	0.16	0.05	0.09
EPS (Diluted)	0.85	0.75	0.60	0.16	0.05	0.09
EPS Growth	13.64%	25.42%	284.40%	199.62%	-43.81%	-44.83%
Free Cash Flow	1,781	2,821	2,391	1,328	1,098	1,263
Free Cash Flow Per Share	1.31	2.08	1.76	0.98	0.81	0.93
Dividend Per Share	0.339	0.289	0.212	0.055	0.016	0.028
Dividend Growth	-3.14%	36.32%	285.46%	243.75%	-42.86%	-45.10%
Gross Margin	22.44%	21.77%	20.60%	17.11%	12.83%	11.59%
Operating Margin	10.20%	9.73%	8.38%	3.10%	2.55%	3.06%
Profit Margin	8.84%	8.25%	7.36%	2.29%	0.76%	1.29%
Free Cash Flow Margin	13.64%	22.74%	21.59%	14.31%	11.85%	12.91%
EBITDA	1,694	1,569	1,311	745.68	718.99	714.54
EBITDA Margin	12.97%	12.65%	11.84%	8.04%	7.75%	7.31%
D&A For EBITDA	362.18	362.32	383.69	458.18	482.59	414.78
EBIT	1,331	1,207	927.81	287.5	236.4	299.77
EBIT Margin	10.20%	9.73%	8.38%	3.10%	2.55%	3.06%
Effective Tax Rate	11.30%	12.12%	8.14%	8.94%	9.51%	32.71%
Revenue as Reported	13,055	12,402	11,077	9,274	9,273	9,781
Advertising Expenses	-	2.65	2.16	2.48	1.87	0.93

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