Shanghai Beite Technology Co., Ltd. (SHA:603009)

Shanghai Beite Technology Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,024	1,855	1,673	1,708	1,454
Other Revenue	-	26.34	32.12	29.58	16.01
Revenue	2,024	1,881	1,706	1,738	1,470
Revenue Growth (YoY)	7.57%	10.30%	-1.86%	18.18%	12.87%
Cost of Revenue	1,650	1,563	1,423	1,414	1,199
Gross Profit	373.36	317.65	282.23	323.78	271.55
Selling, General & Admin	137.2	154.99	128.63	153.1	144.73
Research & Development	100.3	87.76	74.98	69.27	61.62
Other Operating Expenses	-9.38	4.58	10.34	12.11	10.97
Operating Expenses	228.12	226.39	222.12	238.23	225.27
Operating Income	145.24	91.26	60.11	85.55	46.28
Interest Expense	-	-39.55	-39.4	-39.15	-39.44
Interest & Investment Income	-	0.64	0.62	1.24	2.1
Currency Exchange Gain (Loss)	-	4.47	1.06	-2.53	-3.24
Other Non Operating Income (Expenses)	-23.8	-1.28	0.48	0.01	0.31
EBT Excluding Unusual Items	121.44	55.54	22.87	45.13	6.01
Impairment of Goodwill	-	-10.91	-	-	-
Gain (Loss) on Sale of Investments	-1.7	-3.04	0.15	0.12	-
Gain (Loss) on Sale of Assets	0.27	-0.65	0.65	-0.03	0.16
Asset Writedown	-35.46	-	-	-	-
Other Unusual Items	-	14.48	19.65	14.73	10.36
Pretax Income	84.54	55.43	43.31	59.95	16.52
Income Tax Expense	10.37	6.06	2.7	1.95	-6.22
Earnings From Continuing Operations	74.17	49.36	40.61	58	22.75
Minority Interest in Earnings	-2.73	1.5	5.33	7.09	7.57
Net Income	71.44	50.87	45.94	65.09	30.32
Net Income to Common	71.44	50.87	45.94	65.09	30.32
Net Income Growth	40.43%	10.72%	-29.42%	114.69%	-
Shares Outstanding (Basic)	357	363	353	362	379
Shares Outstanding (Diluted)	357	363	353	362	379
Shares Change (YoY)	-1.70%	2.81%	-2.27%	-4.58%	3.36%
EPS (Basic)	0.20	0.14	0.13	0.18	0.08
EPS (Diluted)	0.20	0.14	0.13	0.18	0.08
EPS Growth	42.86%	7.69%	-27.78%	125.00%	-
Free Cash Flow	14.4	78.35	57.05	-65.95	-99.72
Free Cash Flow Per Share	0.04	0.22	0.16	-0.18	-0.26
Dividend Per Share	-	0.058	0.040	0.064	-
Dividend Growth	-	45.00%	-37.50%	-	-
Gross Margin	18.45%	16.89%	16.55%	18.63%	18.47%
Operating Margin	7.18%	4.85%	3.52%	4.92%	3.15%
Profit Margin	3.53%	2.70%	2.69%	3.75%	2.06%
Free Cash Flow Margin	0.71%	4.16%	3.34%	-3.80%	-6.78%
EBITDA	305.07	239.13	210.36	227.33	179.29
EBITDA Margin	15.08%	12.71%	12.33%	13.08%	12.19%
D&A For EBITDA	159.83	147.87	150.25	141.78	133.01
EBIT	145.24	91.26	60.11	85.55	46.28
EBIT Margin	7.18%	4.85%	3.52%	4.92%	3.15%
Effective Tax Rate	12.27%	10.94%	6.24%	3.25%	-
Revenue as Reported	-	1,881	1,706	1,738	1,470

Source: S&P Capital IQ. Standard template. Financial Sources.