Shenma Industry Co.Ltd 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	10,461	11,173	11,798	12,359	11,135	7,523
Other Revenue	2,795	2,795	1,623	2,214	2,454	1,389
Revenue	13,256	13,968	13,421	14,572	13,589	8,912
Revenue Growth (YoY)	-8.36%	4.08%	-7.90%	7.24%	52.48%	-19.34%
Cost of Revenue	12,052	12,441	11,707	12,564	9,752	7,365
Gross Profit	1,205	1,528	1,714	2,009	3,837	1,547
Selling, General & Admin	617.11	629.34	639.5	697.95	578.62	518.53
Research & Development	386.02	478.04	436.87	406.81	364.51	352.48
Other Operating Expenses	-59.48	22.74	94.08	95.26	124.23	79.54
Operating Expenses	945.21	1,145	1,176	1,246	1,081	964.29
Operating Income	259.55	382.34	537.41	762.82	2,756	582.53
Interest Expense	-277	-423.45	-486.32	-389.08	-441.12	-357.77
Interest & Investment Income	102.62	143.71	220.57	127	167.1	129.07
Currency Exchange Gain (Loss)	9.94	9.94	31.51	4.85	-12.38	26.04
Other Non Operating Income (Expenses)	-23.97	-1.5	31.36	-55.75	-46.45	-27.14
EBT Excluding Unusual Items	71.14	111.04	334.53	449.84	2,423	352.73
Gain (Loss) on Sale of Investments	-29.82	-	-	-6.23	-	-
Gain (Loss) on Sale of Assets	38.97	38.96	4.45	-0.88	-3.59	0.16
Asset Writedown	-10.38	-2.43	-0.55	-10.91	-12.83	-1.19
Legal Settlements	-	-	-	-0.02	-0	-8.23
Other Unusual Items	73.98	73.98	35.92	26.12	42.26	89.01
Pretax Income	143.88	221.55	374.35	457.92	2,449	432.48
Income Tax Expense	120.44	87.32	105.56	42.49	295.92	50.18
Earnings From Continuing Operations	23.44	134.23	268.79	415.43	2,153	382.31
Minority Interest in Earnings	29.1	-	-	-16.69	-20.53	-11.7
Net Income	52.55	134.23	268.79	398.74	2,132	370.61
Net Income to Common	52.55	134.23	268.79	398.74	2,132	370.61
Net Income Growth	-78.72%	-50.06%	-32.59%	-81.30%	475.35%	-43.10%
Shares Outstanding (Basic)	1,140	1,039	1,043	1,044	933	641
Shares Outstanding (Diluted)	1,140	1,039	1,043	1,044	933	657
Shares Change (YoY)	12.07%	-0.45%	-0.08%	11.89%	42.05%	14.26%
EPS (Basic)	0.05	0.13	0.26	0.38	2.28	0.58
EPS (Diluted)	-0.04	0.03	0.14	0.38	2.28	0.57
EPS Growth	-	-78.57%	-63.16%	-83.33%	299.52%	-49.50%
Free Cash Flow	-683.12	-2,391	-1,982	-1,305	-965.61	-1,518
Free Cash Flow Per Share	-0.60	-2.30	-1.90	-1.25	-1.03	-2.31
Dividend Per Share	0.050	0.050	0.137	0.130	1.030	0.200
Dividend Growth	-63.50%	-63.50%	5.38%	-87.38%	415.00%	-9.09%
Gross Margin	9.09%	10.94%	12.77%	13.78%	28.23%	17.36%
Operating Margin	1.96%	2.74%	4.00%	5.24%	20.28%	6.54%
Profit Margin	0.40%	0.96%	2.00%	2.74%	15.69%	4.16%
Free Cash Flow Margin	-5.15%	-17.12%	-14.77%	-8.96%	-7.11%	-17.03%
EBITDA	715.6	914.54	1,171	1,278	3,220	1,007
EBITDA Margin	5.40%	6.55%	8.73%	8.77%	23.69%	11.30%
D&A For EBITDA	456.05	532.2	633.72	515.13	463.81	424.44
EBIT	259.55	382.34	537.41	762.82	2,756	582.53
EBIT Margin	1.96%	2.74%	4.00%	5.24%	20.28%	6.54%
Effective Tax Rate	83.71%	39.41%	28.20%	9.28%	12.08%	11.60%
Revenue as Reported	13,256	13,968	13,421	14,572	13,589	8,912
Advertising Expenses	-	3.33	6.35	3.96	4.95	3.62

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.