Jiangsu Hengshang Energy Conservation Technology Co., Ltd. (SHA:603137)

SHA:603137 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	1,844	2,153	2,202	1,937	2,062	1,669
Other Revenue	6.81	6.81	8.14	6.17	5.87	5.22
Revenue	1,851	2,159	2,210	1,944	2,067	1,674
Revenue Growth (YoY)	-12.48%	-2.28%	13.70%	-5.99%	23.49%	28.47%
Cost of Revenue	1,585	1,841	1,885	1,625	1,775	1,411
Gross Profit	266.17	318.43	325.1	318.55	292.03	263.58
Selling, General & Admin	69.6	73.48	68.43	67.71	69.83	53.72
Research & Development	73.93	82.08	82.91	66.44	69.23	57.28
Other Operating Expenses	6.53	6.97	6.07	5.03	5.07	4.32
Operating Expenses	194.79	208.19	168.63	169.73	172.77	158.4
Operating Income	71.38	110.24	156.46	148.82	119.26	105.19
Interest Expense	-17.96	-15.92	-20.95	-23.27	-17.5	-14.14
Interest & Investment Income	3.16	2.08	1.31	0.32	0.54	0.5
Other Non Operating Income (Expenses)	-1.67	-1.57	-3.1	-5.95	-3.68	-7.48
EBT Excluding Unusual Items	54.91	94.82	133.73	119.91	98.61	84.07
Gain (Loss) on Sale of Investments	0.21	1.44	-0.64	-	-	-
Gain (Loss) on Sale of Assets	0.02	0.16	-0.41	0.29	-	-
Asset Writedown	0.64	-	-	-	-	-0.14
Other Unusual Items	1.23	0.9	3.84	9.51	-1.56	0.33
Pretax Income	57.01	97.32	136.52	129.72	97.05	84.26
Income Tax Expense	4.08	3.97	9.32	11.86	8.06	6.91
Net Income	52.93	93.35	127.2	117.86	88.98	77.36
Net Income to Common	52.93	93.35	127.2	117.86	88.98	77.36
Net Income Growth	-59.25%	-26.61%	7.92%	32.45%	15.03%	46.75%
Shares Outstanding (Basic)	182	183	167	138	137	137
Shares Outstanding (Diluted)	182	183	167	138	137	137
Shares Change (YoY)	0.02%	9.37%	21.71%	0.23%	0.01%	7.27%
EPS (Basic)	0.29	0.51	0.76	0.86	0.65	0.56
EPS (Diluted)	0.29	0.51	0.76	0.86	0.65	0.56
EPS Growth	-59.26%	-32.90%	-11.33%	32.15%	15.02%	36.80%
Free Cash Flow	-226.73	-220.25	51.53	-217.18	-8.69	-4.75
Free Cash Flow Per Share	-1.25	-1.20	0.31	-1.58	-0.06	-0.04
Dividend Per Share	0.080	0.080	0.143	-	-	-
Dividend Growth	-44.02%	-44.02%	-	-	-	-
Gross Margin	14.38%	14.75%	14.71%	16.39%	14.12%	15.74%
Operating Margin	3.86%	5.10%	7.08%	7.66%	5.77%	6.28%
Profit Margin	2.86%	4.32%	5.76%	6.06%	4.30%	4.62%
Free Cash Flow Margin	-12.25%	-10.20%	2.33%	-11.17%	-0.42%	-0.28%
EBITDA	85.11	125.36	173.43	163.35	131.66	113.2
EBITDA Margin	4.60%	5.80%	7.85%	8.40%	6.37%	6.76%
D&A For EBITDA	13.73	15.12	16.97	14.53	12.41	8.02
EBIT	71.38	110.24	156.46	148.82	119.26	105.19
EBIT Margin	3.86%	5.10%	7.08%	7.66%	5.77%	6.28%
Effective Tax Rate	7.16%	4.08%	6.83%	9.14%	8.31%	8.20%
Revenue as Reported	1,851	2,159	2,210	1,944	2,067	1,674
Advertising Expenses	-	0.4	0.9	-	-	-

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