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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,173	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	1,175	1,240	1,261	904.5	921.29	638.44
Revenue Growth (YoY)	-10.28%	-1.60%	39.36%	-1.82%	44.30%	1.22%
Cost of Revenue	899.88	937.55	982.1	729.89	683.96	458.87
Gross Profit	274.98	302.77	278.41	174.61	237.34	179.58
Selling, General & Admin	141.83	142.1	127.77	101.18	106.86	80.61
Research & Development	73.17	74.91	71.35	50.14	50.52	30.12
Other Operating Expenses	2.04	2.22	5.82	6.13	6.4	6.13
Operating Expenses	214.72	216.06	209.07	160.99	164.1	118.65
Operating Income	60.26	86.71	69.34	13.62	73.23	60.93
Interest Expense	-16.46	-17.71	-17.03	-9.06	-5.88	-2.78
Interest & Investment Income	4.37	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)	1.31	-0.36	1.9	-2.25	-0.93	-0.17
EBT Excluding Unusual Items	51.76	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	4.13	4.02	-	1.12	0.59	-
Gain (Loss) on Sale of Assets	-0.39	-0.31	-0.17	-0.83	-0.13	-0.43
Asset Writedown	-4.88	-	-2.23	-	-	-
Legal Settlements	-	-	-2.35	-	-	-
Other Unusual Items	9.88	9.88	12.34	-7.92	6.95	3.98
Pretax Income	37.25	65.94	112.22	-3	84.1	71.58
Income Tax Expense	9.03	14.2	20.51	5.35	16.07	12.63
Earnings From Continuing Operations	28.22	51.73	91.72	-8.35	68.04	58.95
Minority Interest in Earnings	13.89	13.88	24.15	0.01	0.14	-0.02
Net Income	42.11	65.61	115.87	-8.34	68.18	58.93
Net Income to Common	42.11	65.61	115.87	-8.34	68.18	58.93
Net Income Growth	-62.08%	-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)	6.42%	4.32%	-20.60%	22.31%	2.33%	-0.32%
EPS (Basic)	0.12	0.19	0.35	-0.02	0.20	0.18
EPS (Diluted)	0.12	0.19	0.35	-0.02	0.20	0.18
EPS Growth	-64.37%	-45.71%	-	-	13.06%	-39.48%
Free Cash Flow	117.35	188.55	-67.24	-39.23	-53.47	47.31
Free Cash Flow Per Share	0.34	0.55	-0.20	-0.09	-0.16	0.14
Dividend Per Share	0.380	0.380	-	-	0.154	0.123
Dividend Growth	-	-	-	-	24.94%	-12.70%
Gross Margin	23.41%	24.41%	22.09%	19.30%	25.76%	28.13%
Operating Margin	5.13%	6.99%	5.50%	1.51%	7.95%	9.54%
Profit Margin	3.58%	5.29%	9.19%	-0.92%	7.40%	9.23%
Free Cash Flow Margin	9.99%	15.20%	-5.33%	-4.34%	-5.80%	7.41%
EBITDA	146.54	173.53	158.32	75.31	130.09	104.27
EBITDA Margin	12.47%	13.99%	12.56%	8.33%	14.12%	16.33%
D&A For EBITDA	86.28	86.82	88.98	61.69	56.86	43.34
EBIT	60.26	86.71	69.34	13.62	73.23	60.93
EBIT Margin	5.13%	6.99%	5.50%	1.51%	7.95%	9.54%
Effective Tax Rate	24.24%	21.54%	18.27%	-	19.10%	17.64%
Revenue as Reported	1,175	1,240	1,261	904.5	921.29	638.44

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