Zhejiang E-P Equipment Co., Ltd. (SHA:603194)

Zhejiang E-P Equipment 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	6,893	6,477	5,874	4,945	4,163	2,463
Other Revenue	75.12	75.12	46.68	66.25	43.8	13.43
Revenue	6,969	6,552	5,921	5,011	4,206	2,477
Revenue Growth (YoY)	11.14%	10.66%	18.16%	19.13%	69.84%	14.46%
Cost of Revenue	4,951	4,692	4,279	3,681	3,260	1,840
Gross Profit	2,017	1,860	1,642	1,330	946.2	636.58
Selling, General & Admin	716.25	613.06	496.82	420.1	361.37	285.55
Research & Development	255.27	231.89	171.46	144.67	126.19	76.15
Other Operating Expenses	25.41	20.29	1.95	18.32	10.05	6.71
Operating Expenses	1,036	897.54	692.25	586.02	517.63	376.73
Operating Income	981.04	962.96	949.76	744.19	428.57	259.85
Interest Expense	-13.51	-20.18	-16.41	-11.22	-6.09	-5.54
Interest & Investment Income	23.15	33.86	25.21	16.18	7.07	1.79
Currency Exchange Gain (Loss)	8.78	8.78	36.49	31.34	-16.11	-11.28
Other Non Operating Income (Expenses)	40.36	-2.81	3.72	-4.66	-5.3	-3.15
EBT Excluding Unusual Items	1,040	982.6	998.77	775.83	408.14	241.67
Gain (Loss) on Sale of Investments	0.25	-	-3.11	-33.64	1.89	-1.34
Gain (Loss) on Sale of Assets	1.39	2.33	-5.45	1.63	-2.78	1.61
Asset Writedown	-4.33	-	-	-0.05	-1.13	-0.01
Other Unusual Items	24.19	24.19	-1	9.53	8.15	33.34
Pretax Income	1,061	1,009	989.21	753.3	414.27	275.28
Income Tax Expense	169.53	152.5	172.29	120.5	60.06	53.56
Earnings From Continuing Operations	891.78	856.62	816.93	632.8	354.21	221.71
Minority Interest in Earnings	-16.5	-16.81	-11.18	-5.8	-1.39	-0.29
Net Income	875.28	839.81	805.75	627	352.82	221.42
Net Income to Common	875.28	839.81	805.75	627	352.82	221.42
Net Income Growth	5.16%	4.23%	28.51%	77.71%	59.34%	47.97%
Shares Outstanding (Basic)	385	340	340	340	318	299
Shares Outstanding (Diluted)	385	340	340	340	318	299
Shares Change (YoY)	13.43%	-0.00%	0.00%	6.83%	6.37%	-
EPS (Basic)	2.27	2.47	2.37	1.84	1.11	0.74
EPS (Diluted)	2.27	2.47	2.37	1.84	1.11	0.74
EPS Growth	-7.29%	4.23%	28.79%	65.99%	49.80%	-
Free Cash Flow	-11.41	-259.5	200.92	208.53	19.76	205.02
Free Cash Flow Per Share	-0.03	-0.76	0.59	0.61	0.06	0.69
Dividend Per Share	0.880	0.630	-	-	0.120	-
Gross Margin	28.95%	28.39%	27.73%	26.55%	22.50%	25.70%
Operating Margin	14.08%	14.70%	16.04%	14.85%	10.19%	10.49%
Profit Margin	12.56%	12.82%	13.61%	12.51%	8.39%	8.94%
Free Cash Flow Margin	-0.16%	-3.96%	3.39%	4.16%	0.47%	8.28%
EBITDA	1,263	1,178	1,092	813.97	478.71	298.58
EBITDA Margin	18.13%	17.97%	18.45%	16.24%	11.38%	12.06%
D&A For EBITDA	282.36	214.88	142.62	69.78	50.14	38.73
EBIT	981.04	962.96	949.76	744.19	428.57	259.85
EBIT Margin	14.08%	14.70%	16.04%	14.85%	10.19%	10.49%
Effective Tax Rate	15.97%	15.11%	17.42%	16.00%	14.50%	19.46%
Revenue as Reported	6,969	6,552	5,921	5,011	4,206	-
Advertising Expenses	-	23.79	22.05	19.02	15.89	10.97

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