Hanshang Group Co., Ltd. (SHA:600774)

Hanshang Group 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	989.27	1,129	1,355	1,351	1,449	473.37
Other Revenue	46.1	46.1	34.5	36.47	26.63	21.83
Revenue	1,035	1,175	1,390	1,387	1,475	495.2
Revenue Growth (YoY)	-18.93%	-15.41%	0.19%	-5.98%	197.91%	-57.21%
Cost of Revenue	543.08	527.98	543.72	513.74	554.74	153.02
Gross Profit	492.29	647.42	845.88	873.24	920.51	342.18
Selling, General & Admin	411.9	532.02	675.77	697.2	708.92	335.15
Research & Development	36.73	43.92	45.78	54.51	49.04	13.87
Other Operating Expenses	52.63	46.37	32.89	36.4	36.69	9.35
Operating Expenses	514.78	627.38	753.84	790.21	789.91	359.45
Operating Income	-22.48	20.04	92.04	83.03	130.6	-17.27
Interest Expense	-37.52	-39.52	-45.56	-46.26	-67.57	-65.28
Interest & Investment Income	0.53	0.44	1.67	12.33	18.16	66.66
Currency Exchange Gain (Loss)	-	-	0	-	-	-
Other Non Operating Income (Expenses)	-5.49	2.08	1.56	-4.93	-5.8	21.26
EBT Excluding Unusual Items	-64.96	-16.97	49.71	44.16	75.38	5.37
Impairment of Goodwill	-0.16	-0.16	-	-	-	-
Gain (Loss) on Sale of Investments	-0.55	-0.16	-	-	-	-
Gain (Loss) on Sale of Assets	25.09	-0.01	3.8	18.91	-1.15	25.04
Asset Writedown	-8.88	-8.88	-7.54	-	-	-
Other Unusual Items	49.95	20.71	27.82	31.21	25.46	16.71
Pretax Income	0.48	-5.47	73.79	94.28	99.69	47.12
Income Tax Expense	18.03	19.59	21.06	21.71	19.21	3.45
Earnings From Continuing Operations	-17.55	-25.06	52.73	72.57	80.48	43.67
Minority Interest in Earnings	9.8	10.47	8.48	17.76	5.2	1.82
Net Income	-7.75	-14.59	61.21	90.33	85.68	45.49
Net Income to Common	-7.75	-14.59	61.21	90.33	85.68	45.49
Net Income Growth	-	-	-32.24%	5.43%	88.36%	52.28%
Shares Outstanding (Basic)	294	295	295	295	247	227
Shares Outstanding (Diluted)	294	295	295	295	247	227
Shares Change (YoY)	-0.77%	0.11%	-0.01%	19.55%	8.72%	-0.00%
EPS (Basic)	-0.03	-0.05	0.21	0.31	0.35	0.20
EPS (Diluted)	-0.03	-0.05	0.21	0.31	0.35	0.20
EPS Growth	-	-	-32.23%	-11.81%	73.25%	52.28%
Free Cash Flow	127.83	132.28	109.92	11.19	221.62	28.26
Free Cash Flow Per Share	0.43	0.45	0.37	0.04	0.90	0.13
Dividend Per Share	-	-	-	0.060	0.100	-
Dividend Growth	-	-	-	-40.00%	-	-
Gross Margin	47.55%	55.08%	60.87%	62.96%	62.40%	69.10%
Operating Margin	-2.17%	1.70%	6.62%	5.99%	8.85%	-3.49%
Profit Margin	-0.75%	-1.24%	4.41%	6.51%	5.81%	9.19%
Free Cash Flow Margin	12.35%	11.25%	7.91%	0.81%	15.02%	5.71%
EBITDA	112.44	153.14	222.72	207.76	242.31	58.56
EBITDA Margin	10.86%	13.03%	16.03%	14.98%	16.43%	11.82%
D&A For EBITDA	134.93	133.11	130.68	124.73	111.7	75.83
EBIT	-22.48	20.04	92.04	83.03	130.6	-17.27
EBIT Margin	-2.17%	1.70%	6.62%	5.99%	8.85%	-3.49%
Effective Tax Rate	3734.81%	-	28.54%	23.03%	19.27%	7.33%
Revenue as Reported	-	-	-	1,387	1,475	495.2
Advertising Expenses	-	2.91	4.26	-	-	-

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