Shanghai Sinotec Co., Ltd. (SHA:603121)

Shanghai Sinotec 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,150	1,238	1,259	902.71	919.18	637.38
Other Revenue	2.18	2.18	1.28	1.79	2.11	1.07
Revenue	1,152	1,240	1,261	904.5	921.29	638.44
Revenue Growth (YoY)	-10.81%	-1.60%	39.36%	-1.82%	44.30%	1.22%
Cost of Revenue	898.59	937.55	982.1	729.89	683.96	458.87
Gross Profit	253.71	302.77	278.41	174.61	237.34	179.58
Selling, General & Admin	146.74	142.1	127.77	101.18	106.86	80.61
Research & Development	70.84	74.91	71.35	50.14	50.52	30.12
Other Operating Expenses	1.96	2.22	5.82	6.13	6.4	6.13
Operating Expenses	220.48	216.06	209.07	160.99	164.1	118.65
Operating Income	33.23	86.71	69.34	13.62	73.23	60.93
Interest Expense	-20.07	-17.71	-17.03	-9.06	-5.88	-2.78
Interest & Investment Income	5	4.68	65.1	1.21	8.01	13.92
Currency Exchange Gain (Loss)	2.28	2.28	7.94	1.97	3.4	-3.86
Other Non Operating Income (Expenses)	9.04	-0.36	1.9	-2.25	-0.93	-0.17
EBT Excluding Unusual Items	29.47	75.59	127.25	5.49	77.83	68.03
Impairment of Goodwill	-23.24	-23.24	-22.67	-0.86	-1.14	-
Gain (Loss) on Sale of Investments	4.92	4.02	-	1.12	0.59	-
Gain (Loss) on Sale of Assets	-0.5	-0.31	-0.17	-0.83	-0.13	-0.43
Asset Writedown	-6.21	-	-2.23	-	-	-
Legal Settlements	-	-	-2.35	-	-	-
Other Unusual Items	7.76	9.88	12.34	-7.92	6.95	3.98
Pretax Income	12.21	65.94	112.22	-3	84.1	71.58
Income Tax Expense	3.11	14.2	20.51	5.35	16.07	12.63
Earnings From Continuing Operations	9.1	51.73	91.72	-8.35	68.04	58.95
Minority Interest in Earnings	12.79	13.88	24.15	0.01	0.14	-0.02
Net Income	21.89	65.61	115.87	-8.34	68.18	58.93
Net Income to Common	21.89	65.61	115.87	-8.34	68.18	58.93
Net Income Growth	-75.83%	-43.37%	-	-	15.70%	-39.67%
Shares Outstanding (Basic)	349	345	331	417	341	333
Shares Outstanding (Diluted)	349	345	331	417	341	333
Shares Change (YoY)	3.88%	4.32%	-20.60%	22.31%	2.33%	-0.32%
EPS (Basic)	0.06	0.19	0.35	-0.02	0.20	0.18
EPS (Diluted)	0.06	0.19	0.35	-0.02	0.20	0.18
EPS Growth	-76.74%	-45.71%	-	-	13.06%	-39.48%
Free Cash Flow	108.41	188.55	-67.24	-39.23	-53.47	47.31
Free Cash Flow Per Share	0.31	0.55	-0.20	-0.09	-0.16	0.14
Dividend Per Share	0.200	0.380	-	-	0.154	0.123
Dividend Growth	11.11%	-	-	-	24.94%	-12.70%
Gross Margin	22.02%	24.41%	22.09%	19.30%	25.76%	28.13%
Operating Margin	2.88%	6.99%	5.50%	1.51%	7.95%	9.54%
Profit Margin	1.90%	5.29%	9.19%	-0.92%	7.40%	9.23%
Free Cash Flow Margin	9.41%	15.20%	-5.33%	-4.34%	-5.80%	7.41%
EBITDA	118.43	173.53	158.32	75.31	130.09	104.27
EBITDA Margin	10.28%	13.99%	12.56%	8.33%	14.12%	16.33%
D&A For EBITDA	85.2	86.82	88.98	61.69	56.86	43.34
EBIT	33.23	86.71	69.34	13.62	73.23	60.93
EBIT Margin	2.88%	6.99%	5.50%	1.51%	7.95%	9.54%
Effective Tax Rate	25.48%	21.54%	18.27%	-	19.10%	17.64%
Revenue as Reported	1,152	1,240	1,261	904.5	921.29	638.44

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