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

SHA:603090 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	709.36	690.85	679.81	691.66	535.86	314
Other Revenue	22.18	22.18	16.12	22.61	23.46	11.15
Revenue	731.54	713.04	695.93	714.27	559.32	325.15
Revenue Growth (YoY)	7.17%	2.46%	-2.57%	27.70%	72.02%	-33.75%
Cost of Revenue	554.12	538.42	532.97	577.62	464.09	245.93
Gross Profit	177.42	174.61	162.95	136.65	95.23	79.22
Selling, General & Admin	69.01	69.1	59.27	47.02	38.08	36.51
Research & Development	32.62	33.15	31.03	28.23	24.76	22.77
Other Operating Expenses	6.36	6.16	5.13	3.82	6.27	3.89
Operating Expenses	111.67	113.39	95.54	85.53	78.23	64.57
Operating Income	65.75	61.22	67.41	51.11	17	14.65
Interest Expense	-3.72	-3.8	-3.46	-3.23	-2.05	-2.67
Interest & Investment Income	4.24	3.99	1.84	0.84	2.68	1.61
Currency Exchange Gain (Loss)	2.47	2.47	4.83	14.26	-7.12	-5.78
Other Non Operating Income (Expenses)	2.17	-0.75	-0.9	-0.39	-0.35	-0.36
EBT Excluding Unusual Items	70.91	63.12	69.73	62.6	10.17	7.45
Gain (Loss) on Sale of Investments	-3.22	-2.86	-0.27	-	-	0.2
Gain (Loss) on Sale of Assets	-0.18	-0.1	-0.09	-0.08	-0.02	-0.02
Asset Writedown	-2.3	-2.3	-	-	-	-
Other Unusual Items	3.56	2.9	1.35	1.61	2.67	2.06
Pretax Income	68.78	60.75	70.73	64.13	12.82	9.7
Income Tax Expense	11.6	11.02	15.06	9.89	-1.88	1.7
Earnings From Continuing Operations	57.18	49.73	55.66	54.24	14.7	7.99
Minority Interest in Earnings	-0.23	-0.37	-1.88	-0.84	-0.04	-1.45
Net Income	56.94	49.36	53.78	53.39	14.66	6.54
Net Income to Common	56.94	49.36	53.78	53.39	14.66	6.54
Net Income Growth	5.40%	-8.22%	0.73%	264.07%	124.16%	-78.92%
Shares Outstanding (Basic)	101	101	100	101	98	93
Shares Outstanding (Diluted)	101	101	100	101	98	93
Shares Change (YoY)	1.44%	1.15%	-1.14%	3.04%	4.61%	-6.64%
EPS (Basic)	0.56	0.49	0.54	0.53	0.15	0.07
EPS (Diluted)	0.56	0.49	0.54	0.53	0.15	0.07
EPS Growth	3.90%	-9.26%	1.89%	253.33%	114.29%	-77.42%
Free Cash Flow	66.97	75.19	90.67	0.22	-79.69	21.96
Free Cash Flow Per Share	0.66	0.75	0.91	0.00	-0.81	0.23
Dividend Per Share	0.300	0.300	0.300	0.300	0.300	-
Gross Margin	24.25%	24.49%	23.41%	19.13%	17.03%	24.37%
Operating Margin	8.99%	8.58%	9.69%	7.16%	3.04%	4.51%
Profit Margin	7.78%	6.92%	7.73%	7.47%	2.62%	2.01%
Free Cash Flow Margin	9.15%	10.54%	13.03%	0.03%	-14.25%	6.75%
EBITDA	85.94	81.36	87.39	70.86	36.08	32.94
EBITDA Margin	11.75%	11.41%	12.56%	9.92%	6.45%	10.13%
D&A For EBITDA	20.18	20.14	19.98	19.75	19.07	18.29
EBIT	65.75	61.22	67.41	51.11	17	14.65
EBIT Margin	8.99%	8.58%	9.69%	7.16%	3.04%	4.51%
Effective Tax Rate	16.87%	18.14%	21.30%	15.43%	-	17.59%
Revenue as Reported	731.54	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.