Shandong Hi-speed Company Limited (SHA:600350)

Shandong Hi-speed Company 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	24,596	27,657	25,796	21,800	15,762	12,818
Other Revenue	837.57	837.57	749.79	578.58	441.38	185.07
Revenue	25,434	28,494	26,546	22,379	16,204	13,003
Revenue Growth (YoY)	-10.78%	7.34%	18.62%	38.11%	24.61%	24.86%
Cost of Revenue	17,951	21,072	18,480	14,981	9,211	8,261
Gross Profit	7,483	7,422	8,065	7,398	6,993	4,743
Selling, General & Admin	1,068	1,132	1,139	1,030	754.63	622.03
Research & Development	458.62	487.09	484.27	415.76	135.7	67.63
Other Operating Expenses	194.44	154.1	98.6	98.87	107.53	12.46
Operating Expenses	1,905	1,969	2,041	1,582	947.24	689.95
Operating Income	5,578	5,453	6,025	5,816	6,046	4,053
Interest Expense	-2,074	-2,158	-2,361	-2,292	-2,022	-1,814
Interest & Investment Income	1,964	2,083	1,847	2,195	1,060	1,588
Currency Exchange Gain (Loss)	0.22	0.22	-3.27	-3.87	-0.35	2.52
Other Non Operating Income (Expenses)	-168.36	-169.33	-82.69	-476.08	28.83	36.56
EBT Excluding Unusual Items	5,301	5,209	5,425	5,239	5,112	3,866
Impairment of Goodwill	-207.47	-207.47	-118.23	-44.6	-	-
Gain (Loss) on Sale of Investments	136.64	136.64	31.04	56.94	-	2.57
Gain (Loss) on Sale of Assets	17.87	4.14	4.55	-28.7	-16.99	-26.93
Asset Writedown	29.97	19.52	-26.48	-7.76	-	-30.58
Other Unusual Items	201.63	201.63	84.12	82.63	90.36	1.23
Pretax Income	5,479	5,363	5,400	5,298	5,185	3,812
Income Tax Expense	1,348	1,312	1,243	1,167	1,267	1,052
Earnings From Continuing Operations	4,132	4,051	4,157	4,131	3,918	2,760
Minority Interest in Earnings	-832	-855.37	-859.84	-1,091	-865.82	-479.57
Net Income	3,300	3,196	3,297	3,040	3,052	2,281
Net Income to Common	3,300	3,196	3,297	3,040	3,052	2,281
Net Income Growth	4.91%	-3.07%	8.47%	-0.41%	33.84%	-27.05%
Shares Outstanding (Basic)	5,848	5,919	5,744	5,619	5,113	5,035
Shares Outstanding (Diluted)	5,848	5,919	5,754	5,629	5,121	5,057
Shares Change (YoY)	-1.11%	2.86%	2.23%	9.91%	1.27%	4.50%
EPS (Basic)	0.56	0.54	0.57	0.54	0.60	0.45
EPS (Diluted)	0.56	0.54	0.57	0.54	0.60	0.45
EPS Growth	6.09%	-5.76%	6.11%	-9.40%	32.15%	-30.19%
Free Cash Flow	-744.74	-1,777	-1,135	-1,235	1,371	-1,252
Free Cash Flow Per Share	-0.13	-0.30	-0.20	-0.22	0.27	-0.25
Dividend Per Share	0.420	0.420	0.420	0.400	0.400	0.380
Dividend Growth	-	-	5.00%	-	5.26%	-
Gross Margin	29.42%	26.05%	30.38%	33.06%	43.16%	36.47%
Operating Margin	21.93%	19.14%	22.70%	25.99%	37.31%	31.17%
Profit Margin	12.97%	11.22%	12.42%	13.58%	18.84%	17.54%
Free Cash Flow Margin	-2.93%	-6.24%	-4.27%	-5.52%	8.46%	-9.63%
EBITDA	9,014	9,034	9,798	9,137	9,102	6,800
EBITDA Margin	35.44%	31.70%	36.91%	40.83%	56.17%	52.30%
D&A For EBITDA	3,436	3,581	3,773	3,321	3,056	2,748
EBIT	5,578	5,453	6,025	5,816	6,046	4,053
EBIT Margin	21.93%	19.14%	22.70%	25.99%	37.31%	31.17%
Effective Tax Rate	24.59%	24.46%	23.01%	22.03%	24.44%	27.59%
Revenue as Reported	25,434	28,494	26,546	22,379	16,204	13,003
Advertising Expenses	-	1.9	2.56	0.23	0.61	0.23

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