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

SHA:603131 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	978.61	1,071	1,043	979.04	1,293	1,075
Other Revenue	7.77	7.77	10.18	12.48	18.02	10.48
Revenue	986.38	1,079	1,053	991.52	1,311	1,086
Revenue Growth (YoY)	-11.70%	2.49%	6.20%	-24.39%	20.78%	19.65%
Cost of Revenue	835.08	899.51	832.43	770.39	975.01	773.65
Gross Profit	151.3	179.66	220.54	221.13	336.43	312.19
Selling, General & Admin	88.45	96.17	103.82	115.4	107.51	99.73
Research & Development	49.71	50.78	59.78	59.18	56.77	53.28
Other Operating Expenses	9.42	7.96	11.39	4.93	5.38	2.61
Operating Expenses	176.9	176.75	188.64	199.23	178.76	161.04
Operating Income	-25.6	2.91	31.9	21.89	157.68	151.15
Interest Expense	-20.95	-20.75	-21.27	-21.71	-21.64	-8.08
Interest & Investment Income	7.74	14.3	25.71	22.99	18.25	9.65
Currency Exchange Gain (Loss)	8.16	8.16	2.2	1.84	-4.31	-20.46
Other Non Operating Income (Expenses)	-4.16	-0.47	-0.5	-0.5	0.16	-0.83
EBT Excluding Unusual Items	-34.82	4.14	38.04	24.52	150.14	131.44
Impairment of Goodwill	-	-	-97.42	-153.56	-1.75	-3.32
Gain (Loss) on Sale of Investments	-5.82	0.11	-1.87	2.74	0.07	-0.99
Gain (Loss) on Sale of Assets	0.3	0.62	0.05	-0.31	0.56	-0.22
Asset Writedown	-0.43	-	-0.85	-	-	-0.98
Other Unusual Items	13.2	13.2	12.67	7.41	13.69	12.42
Pretax Income	-27.57	18.07	-49.37	-119.2	162.7	138.34
Income Tax Expense	2.84	2.24	4.36	13.33	16.94	17.2
Earnings From Continuing Operations	-30.41	15.82	-53.73	-132.53	145.76	121.14
Minority Interest in Earnings	-6	-3.27	-0.51	5.96	-1.37	0.37
Net Income	-36.41	12.56	-54.25	-126.57	144.4	121.51
Net Income to Common	-36.41	12.56	-54.25	-126.57	144.4	121.51
Net Income Growth	-	-	-	-	18.84%	27.59%
Shares Outstanding (Basic)	326	314	319	316	321	320
Shares Outstanding (Diluted)	326	314	319	316	321	320
Shares Change (YoY)	2.52%	-1.63%	0.85%	-1.39%	0.35%	0.73%
EPS (Basic)	-0.11	0.04	-0.17	-0.40	0.45	0.38
EPS (Diluted)	-0.11	0.04	-0.17	-0.40	0.45	0.38
EPS Growth	-	-	-	-	18.42%	26.67%
Free Cash Flow	138.68	176.51	103.78	88.65	-39.03	104.85
Free Cash Flow Per Share	0.43	0.56	0.33	0.28	-0.12	0.33
Dividend Per Share	0.012	0.012	-	-	0.020	0.200
Dividend Growth	-	-	-	-	-90.00%	100.00%
Gross Margin	15.34%	16.65%	20.94%	22.30%	25.65%	28.75%
Operating Margin	-2.60%	0.27%	3.03%	2.21%	12.02%	13.92%
Profit Margin	-3.69%	1.16%	-5.15%	-12.77%	11.01%	11.19%
Free Cash Flow Margin	14.06%	16.36%	9.86%	8.94%	-2.98%	9.66%
EBITDA	4.84	36.31	69.26	60.29	194.2	181
EBITDA Margin	0.49%	3.36%	6.58%	6.08%	14.81%	16.67%
D&A For EBITDA	30.44	33.41	37.36	38.4	36.52	29.84
EBIT	-25.6	2.91	31.9	21.89	157.68	151.15
EBIT Margin	-2.60%	0.27%	3.03%	2.21%	12.02%	13.92%
Effective Tax Rate	-	12.41%	-	-	10.41%	12.43%
Revenue as Reported	986.38	1,079	1,053	991.52	1,311	1,086
Advertising Expenses	-	4.97	7.67	5.01	6.14	4.65

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.