Wuxi Hongsheng Heat Exchanger Manufacturing Co., Ltd. (SHA:603090)

SHA:603090 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	690.85	679.81	691.66	535.86	314
Other Revenue	22.18	16.12	22.61	23.46	11.15
Revenue	713.04	695.93	714.27	559.32	325.15
Revenue Growth (YoY)	2.46%	-2.57%	27.70%	72.02%	-33.75%
Cost of Revenue	538.42	532.97	577.62	464.09	245.93
Gross Profit	174.61	162.95	136.65	95.23	79.22
Selling, General & Admin	69.1	59.27	47.02	38.08	36.51
Research & Development	33.15	31.03	28.23	24.76	22.77
Other Operating Expenses	6.16	5.13	3.82	6.27	3.89
Operating Expenses	113.39	95.54	85.53	78.23	64.57
Operating Income	61.22	67.41	51.11	17	14.65
Interest Expense	-3.8	-3.46	-3.23	-2.05	-2.67
Interest & Investment Income	3.99	1.84	0.84	2.68	1.61
Currency Exchange Gain (Loss)	2.47	4.83	14.26	-7.12	-5.78
Other Non Operating Income (Expenses)	-0.75	-0.9	-0.39	-0.35	-0.36
EBT Excluding Unusual Items	63.12	69.73	62.6	10.17	7.45
Gain (Loss) on Sale of Investments	-2.86	-0.27	-	-	0.2
Gain (Loss) on Sale of Assets	-0.1	-0.09	-0.08	-0.02	-0.02
Asset Writedown	-2.3	-	-	-	-
Other Unusual Items	2.9	1.35	1.61	2.67	2.06
Pretax Income	60.75	70.73	64.13	12.82	9.7
Income Tax Expense	11.02	15.06	9.89	-1.88	1.7
Earnings From Continuing Operations	49.73	55.66	54.24	14.7	7.99
Minority Interest in Earnings	-0.37	-1.88	-0.84	-0.04	-1.45
Net Income	49.36	53.78	53.39	14.66	6.54
Net Income to Common	49.36	53.78	53.39	14.66	6.54
Net Income Growth	-8.22%	0.73%	264.07%	124.16%	-78.92%
Shares Outstanding (Basic)	101	100	101	98	93
Shares Outstanding (Diluted)	101	100	101	98	93
Shares Change (YoY)	1.15%	-1.14%	3.04%	4.61%	-6.64%
EPS (Basic)	0.49	0.54	0.53	0.15	0.07
EPS (Diluted)	0.49	0.54	0.53	0.15	0.07
EPS Growth	-9.26%	1.89%	253.33%	114.29%	-77.42%
Free Cash Flow	75.19	90.67	0.22	-79.69	21.96
Free Cash Flow Per Share	0.75	0.91	0.00	-0.81	0.23
Dividend Per Share	0.300	0.300	0.300	0.300	-
Gross Margin	24.49%	23.41%	19.13%	17.03%	24.37%
Operating Margin	8.58%	9.69%	7.16%	3.04%	4.51%
Profit Margin	6.92%	7.73%	7.47%	2.62%	2.01%
Free Cash Flow Margin	10.54%	13.03%	0.03%	-14.25%	6.75%
EBITDA	81.36	87.39	70.86	36.08	32.94
EBITDA Margin	11.41%	12.56%	9.92%	6.45%	10.13%
D&A For EBITDA	20.14	19.98	19.75	19.07	18.29
EBIT	61.22	67.41	51.11	17	14.65
EBIT Margin	8.58%	9.69%	7.16%	3.04%	4.51%
Effective Tax Rate	18.14%	21.30%	15.43%	-	17.59%
Revenue as Reported	713.04	695.93	714.27	559.32	325.15
Advertising Expenses	5.5	6.09	1.81	0.68	0.82

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.