Jiangsu Hengxing New Material Technology Co.,Ltd. (SHA:603276)

SHA:603276 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	757.92	716.3	622.8	636.8	483.79	400.69
Other Revenue	13.98	13.98	21.32	40.35	34.3	27.47
Revenue	771.9	730.28	644.13	677.15	518.09	428.17
Revenue Growth (YoY)	3.33%	13.38%	-4.88%	30.70%	21.00%	13.49%
Cost of Revenue	649.76	636.9	489.63	495.04	347.48	224.94
Gross Profit	122.14	93.38	154.5	182.11	170.6	203.23
Selling, General & Admin	50.08	45.46	40.04	43.89	46.45	39.84
Research & Development	32.07	28.67	19.01	22.84	16.78	12.67
Other Operating Expenses	1.51	-2.51	2.57	4.98	4.16	4.23
Operating Expenses	85.4	72.14	62.35	70.84	68.83	56.55
Operating Income	36.74	21.24	92.15	111.27	101.77	146.68
Interest Expense	-270.63	-0.02	-2.59	-4.36	-1.21	-0.5
Interest & Investment Income	-	17.3	5.42	0.32	1.98	4.46
Currency Exchange Gain (Loss)	1.63	1.63	1.45	5.54	1.22	-2.66
Other Non Operating Income (Expenses)	281.65	0.43	-2.82	-1.81	-1.22	-0.4
EBT Excluding Unusual Items	49.4	40.58	93.61	110.96	102.54	147.58
Gain (Loss) on Sale of Investments	2.31	-0.27	1.52	-1.2	-1.84	-
Gain (Loss) on Sale of Assets	-	0	0.08	-0.47	-0	0.05
Asset Writedown	-2.98	-	-	-	-	-1.55
Other Unusual Items	0.99	0.99	0.01	2.32	4.24	1.59
Pretax Income	49.72	41.31	95.23	111.62	104.95	147.68
Income Tax Expense	8.93	6.46	17.15	18.34	15.23	23.04
Net Income	40.8	34.85	78.08	93.28	89.72	124.64
Net Income to Common	40.8	34.85	78.08	93.28	89.72	124.64
Net Income Growth	-17.71%	-55.36%	-16.30%	3.96%	-28.01%	20.56%
Shares Outstanding (Basic)	204	205	170	155	156	156
Shares Outstanding (Diluted)	204	205	170	155	156	156
Shares Change (YoY)	0.27%	20.79%	9.18%	-0.04%	-0.18%	99.74%
EPS (Basic)	0.20	0.17	0.46	0.60	0.58	0.80
EPS (Diluted)	0.20	0.17	0.46	0.60	0.58	0.80
EPS Growth	-17.93%	-63.04%	-23.33%	4.00%	-27.89%	-39.64%
Free Cash Flow	-41.86	-82.06	-39.99	25.81	-191.57	-82.99
Free Cash Flow Per Share	-0.20	-0.40	-0.24	0.17	-1.23	-0.53
Dividend Per Share	0.125	0.125	0.154	-	-	-
Dividend Growth	-18.73%	-18.73%	-	-	-	-
Gross Margin	15.82%	12.79%	23.99%	26.89%	32.93%	47.47%
Operating Margin	4.76%	2.91%	14.31%	16.43%	19.64%	34.26%
Profit Margin	5.29%	4.77%	12.12%	13.78%	17.32%	29.11%
Free Cash Flow Margin	-5.42%	-11.24%	-6.21%	3.81%	-36.98%	-19.38%
EBITDA	105.09	83.24	145.69	163.5	123.36	160.16
EBITDA Margin	13.61%	11.40%	22.62%	24.14%	23.81%	37.41%
D&A For EBITDA	68.35	62.01	53.55	52.23	21.59	13.48
EBIT	36.74	21.24	92.15	111.27	101.77	146.68
EBIT Margin	4.76%	2.91%	14.31%	16.43%	19.64%	34.26%
Effective Tax Rate	17.96%	15.63%	18.01%	16.43%	14.51%	15.60%
Revenue as Reported	771.9	730.28	644.13	677.15	518.09	428.17

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