Shanghai Automobile Air-Conditioner Accessories Co., Ltd. (SHA:603107)

SHA:603107 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	2,122	2,101	1,848	1,594	1,325	1,140
Other Revenue	49.21	49.21	61.01	42.72	66.09	47.53
Revenue	2,171	2,150	1,909	1,636	1,391	1,188
Revenue Growth (YoY)	9.20%	12.66%	16.64%	17.61%	17.11%	-11.33%
Cost of Revenue	1,728	1,719	1,521	1,330	1,139	922.5
Gross Profit	442.98	431.41	387.53	306.05	252.34	265.5
Selling, General & Admin	155.59	152.48	149.95	107.56	101.91	84.41
Research & Development	69.89	65.88	59.49	62.19	54.47	46.6
Other Operating Expenses	9.04	7.16	9.69	8.4	4.98	4.28
Operating Expenses	244.98	234.96	224.05	181.59	163.46	136.99
Operating Income	198	196.45	163.48	124.46	88.88	128.51
Interest Expense	-9.93	-9.39	-6.39	-6.3	-6.55	-7.47
Interest & Investment Income	18.83	20.4	13.23	13.98	30.53	8.96
Currency Exchange Gain (Loss)	-14.61	-14.61	8.26	6.47	-2.44	-2.21
Other Non Operating Income (Expenses)	-1.59	-0.42	-0.24	-0.59	-0.53	-0.26
EBT Excluding Unusual Items	189.75	192.43	178.34	138.03	109.89	127.53
Gain (Loss) on Sale of Investments	-	-	0	-	-17.36	-
Gain (Loss) on Sale of Assets	15.43	15.58	0.11	-0.47	0.26	-0.12
Asset Writedown	-0.05	-0.5	-0.68	-3.63	-0.41	-0
Other Unusual Items	10.72	10.59	2.37	7.05	10.98	17.33
Pretax Income	215.84	218.1	180.15	140.98	103.37	144.74
Income Tax Expense	27.06	30.18	19.2	12.49	8.25	18.23
Earnings From Continuing Operations	188.79	187.91	160.95	128.49	95.12	126.51
Minority Interest in Earnings	0	1.54	0.54	0.99	0.17	0.25
Net Income	188.79	189.45	161.48	129.48	95.29	126.76
Net Income to Common	188.79	189.45	161.48	129.48	95.29	126.76
Net Income Growth	12.13%	17.32%	24.72%	35.88%	-24.83%	13.02%
Shares Outstanding (Basic)	337	338	269	254	251	254
Shares Outstanding (Diluted)	337	338	269	254	251	254
Shares Change (YoY)	16.16%	25.70%	6.01%	1.24%	-1.09%	1.72%
EPS (Basic)	0.56	0.56	0.60	0.51	0.38	0.50
EPS (Diluted)	0.56	0.56	0.60	0.51	0.38	0.50
EPS Growth	-3.47%	-6.67%	17.65%	34.21%	-24.00%	11.11%
Free Cash Flow	-3.66	-38.25	-37.08	0.77	64.62	41.98
Free Cash Flow Per Share	-0.01	-0.11	-0.14	0.00	0.26	0.17
Dividend Per Share	0.300	0.300	0.300	-	-	-
Gross Margin	20.40%	20.06%	20.30%	18.70%	18.14%	22.35%
Operating Margin	9.12%	9.14%	8.57%	7.61%	6.39%	10.82%
Profit Margin	8.70%	8.81%	8.46%	7.91%	6.85%	10.67%
Free Cash Flow Margin	-0.17%	-1.78%	-1.94%	0.05%	4.64%	3.53%
EBITDA	266.52	261.85	216.44	162.3	-	-
EBITDA Margin	12.28%	12.18%	11.34%	9.92%	-	-
D&A For EBITDA	68.52	65.41	52.96	37.84	-	-
EBIT	198	196.45	163.48	124.46	88.88	128.51
EBIT Margin	9.12%	9.14%	8.57%	7.61%	6.39%	10.82%
Effective Tax Rate	12.53%	13.84%	10.66%	8.86%	7.98%	12.59%
Revenue as Reported	2,171	2,150	1,909	1,636	-	-

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