Shenghe Resources Holding Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	13,518	11,303	17,644	16,150	10,352	7,685
Other Revenue	67.85	67.85	233.8	607.92	264.17	472.15
Revenue	13,586	11,371	17,877	16,758	10,616	8,157
Revenue Growth (YoY)	4.41%	-36.39%	6.68%	57.85%	30.15%	17.21%
Cost of Revenue	12,294	10,830	17,212	14,490	8,636	6,683
Gross Profit	1,292	541.31	665.85	2,268	1,980	1,475
Selling, General & Admin	324.52	286.36	244.42	365.05	277.24	298.3
Research & Development	6.19	6.2	1.09	0.75	378.28	258.3
Other Operating Expenses	-32.88	-100.73	-1.22	28.77	35.97	-40.19
Operating Expenses	306.56	217.84	269.69	384.68	690.22	604.23
Operating Income	985.08	323.47	396.16	1,883	1,290	870.39
Interest Expense	-112.48	-97.23	-102.17	-102.92	-130.77	-123.55
Interest & Investment Income	130.44	66.9	101.46	139.52	102.48	118.4
Currency Exchange Gain (Loss)	3.4	3.4	13.78	8.04	-17.94	-25.95
Other Non Operating Income (Expenses)	-2.18	-15.96	-34.59	-31.54	-11.91	-54.16
EBT Excluding Unusual Items	1,004	280.58	374.64	1,896	1,232	785.13
Impairment of Goodwill	-0.17	-0.17	-	-	-	-356.75
Gain (Loss) on Sale of Investments	4.42	-	-0.3	-1.73	1.03	0.09
Gain (Loss) on Sale of Assets	-11.59	-11.13	1.57	-0.78	-2	-2.82
Asset Writedown	51.45	-	-0.23	-	-	-6.35
Other Unusual Items	33.68	33.68	83.01	29.28	87.02	314.86
Pretax Income	1,082	302.97	458.69	1,923	1,318	734.15
Income Tax Expense	142.55	68.71	62.12	278.14	196.47	219.14
Earnings From Continuing Operations	939.52	234.26	396.57	1,645	1,122	515.02
Minority Interest in Earnings	-37.59	-27.06	-63.83	-51.47	-45.57	-191.7
Net Income	901.93	207.2	332.74	1,593	1,076	323.31
Net Income to Common	901.93	207.2	332.74	1,593	1,076	323.31
Net Income Growth	237.27%	-37.73%	-79.12%	48.09%	232.82%	218.43%
Shares Outstanding (Basic)	1,753	1,753	1,753	1,753	1,753	1,752
Shares Outstanding (Diluted)	1,753	1,753	1,753	1,753	1,753	1,752
Shares Change (YoY)	0.08%	-0.01%	0.02%	-	0.03%	-0.07%
EPS (Basic)	0.51	0.12	0.19	0.91	0.61	0.18
EPS (Diluted)	0.51	0.12	0.19	0.91	0.61	0.18
EPS Growth	236.99%	-37.72%	-79.12%	48.09%	232.74%	218.65%
Free Cash Flow	-834.09	-653.15	-225.67	139.03	726.56	172.26
Free Cash Flow Per Share	-0.48	-0.37	-0.13	0.08	0.41	0.10
Dividend Per Share	0.150	0.120	0.050	0.100	0.100	0.050
Dividend Growth	114.29%	140.00%	-50.00%	-	100.00%	-
Gross Margin	9.51%	4.76%	3.72%	13.53%	18.65%	18.08%
Operating Margin	7.25%	2.84%	2.22%	11.24%	12.15%	10.67%
Profit Margin	6.64%	1.82%	1.86%	9.51%	10.14%	3.96%
Free Cash Flow Margin	-6.14%	-5.74%	-1.26%	0.83%	6.84%	2.11%
EBITDA	1,146	463.41	507.6	1,955	1,355	967.54
EBITDA Margin	8.44%	4.08%	2.84%	11.67%	12.76%	11.86%
D&A For EBITDA	161.32	139.94	111.43	72.18	64.77	97.14
EBIT	985.08	323.47	396.16	1,883	1,290	870.39
EBIT Margin	7.25%	2.84%	2.22%	11.24%	12.15%	10.67%
Effective Tax Rate	13.17%	22.68%	13.54%	14.46%	14.90%	29.85%
Revenue as Reported	13,586	11,371	17,877	16,758	10,616	8,157

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