Shanghai Hugong Electric Group Co.,Ltd. (SHA:603131)

SHA:603131 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	1,079	1,043	979.04	1,293	1,075
Other Revenue	-	10.18	12.48	18.02	10.48
Revenue	1,079	1,053	991.52	1,311	1,086
Revenue Growth (YoY)	2.49%	6.20%	-24.39%	20.78%	19.65%
Cost of Revenue	887.41	826.89	770.39	975.01	773.65
Gross Profit	191.77	226.08	221.13	336.43	312.19
Selling, General & Admin	96.17	109.36	115.4	107.51	99.73
Research & Development	50.78	59.78	59.18	56.77	53.28
Other Operating Expenses	0.28	11.28	4.93	5.38	2.61
Operating Expenses	147.23	194.06	199.23	178.76	161.04
Operating Income	44.54	32.02	21.89	157.68	151.15
Interest Expense	-	-21.27	-21.71	-21.64	-8.08
Interest & Investment Income	3.22	25.71	22.99	18.25	9.65
Currency Exchange Gain (Loss)	-	2.2	1.84	-4.31	-20.46
Other Non Operating Income (Expenses)	-18.23	-0.5	-0.5	0.16	-0.83
EBT Excluding Unusual Items	29.53	38.16	24.52	150.14	131.44
Impairment of Goodwill	-	-97.42	-153.56	-1.75	-3.32
Gain (Loss) on Sale of Investments	0.11	-1.87	2.74	0.07	-0.99
Gain (Loss) on Sale of Assets	0.64	0.05	-0.31	0.56	-0.22
Asset Writedown	-12.22	-0.85	-	-	-0.98
Other Unusual Items	-	12.56	7.41	13.69	12.42
Pretax Income	18.07	-49.37	-119.2	162.7	138.34
Income Tax Expense	2.24	4.36	13.33	16.94	17.2
Earnings From Continuing Operations	15.82	-53.73	-132.53	145.76	121.14
Minority Interest in Earnings	-3.27	-0.51	5.96	-1.37	0.37
Net Income	12.56	-54.25	-126.57	144.4	121.51
Net Income to Common	12.56	-54.25	-126.57	144.4	121.51
Net Income Growth	-	-	-	18.84%	27.59%
Shares Outstanding (Basic)	314	319	316	321	320
Shares Outstanding (Diluted)	314	319	316	321	320
Shares Change (YoY)	-1.63%	0.85%	-1.39%	0.35%	0.73%
EPS (Basic)	0.04	-0.17	-0.40	0.45	0.38
EPS (Diluted)	0.04	-0.17	-0.40	0.45	0.38
EPS Growth	-	-	-	18.42%	26.67%
Free Cash Flow	176.51	103.78	88.65	-39.03	104.85
Free Cash Flow Per Share	0.56	0.33	0.28	-0.12	0.33
Dividend Per Share	-	-	-	0.020	0.200
Dividend Growth	-	-	-	-90.00%	100.00%
Gross Margin	17.77%	21.47%	22.30%	25.65%	28.75%
Operating Margin	4.13%	3.04%	2.21%	12.02%	13.92%
Profit Margin	1.16%	-5.15%	-12.77%	11.01%	11.19%
Free Cash Flow Margin	16.36%	9.86%	8.94%	-2.98%	9.66%
EBITDA	79.02	68.21	60.29	194.2	181
EBITDA Margin	7.32%	6.48%	6.08%	14.81%	16.67%
D&A For EBITDA	34.48	36.2	38.4	36.52	29.84
EBIT	44.54	32.02	21.89	157.68	151.15
EBIT Margin	4.13%	3.04%	2.21%	12.02%	13.92%
Effective Tax Rate	12.41%	-	-	10.41%	12.43%
Revenue as Reported	-	1,053	991.52	1,311	1,086
Advertising Expenses	-	7.67	5.01	6.14	4.65

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.