JiangSu Zhenjiang New Energy Equipment Co., Ltd. (SHA:603507)

SHA:603507 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	3,797	3,831	3,748	2,816	2,316	1,865
Other Revenue	115.27	115.27	93.84	88.09	108.17	66.09
Revenue	3,913	3,946	3,842	2,904	2,425	1,931
Revenue Growth (YoY)	-2.60%	2.71%	32.28%	19.77%	25.54%	8.13%
Cost of Revenue	3,196	3,189	3,084	2,513	1,899	1,564
Gross Profit	716.56	756.43	757.24	391.17	525.46	367.48
Selling, General & Admin	218.9	203.66	188.2	100.55	111.57	85.67
Research & Development	143.46	136.96	126.6	92.33	80.37	70.52
Other Operating Expenses	33.53	24.23	19.33	17.08	17.81	12.65
Operating Expenses	423.81	362.5	353.59	204.74	218.29	169.27
Operating Income	292.75	393.93	403.65	186.43	307.17	198.21
Interest Expense	-162.92	-135.73	-135.2	-105.39	-86.38	-68.46
Interest & Investment Income	8.91	8.98	7.98	27.76	25.24	9.44
Currency Exchange Gain (Loss)	-2.25	-2.25	1.2	-1.36	-5.41	-7.97
Other Non Operating Income (Expenses)	8.85	-18.36	-13.78	-8.66	-23.09	-12.03
EBT Excluding Unusual Items	145.33	246.57	263.84	98.78	217.53	119.19
Impairment of Goodwill	-5.38	-5.38	-4.85	-7.85	-	-
Gain (Loss) on Sale of Investments	-109.48	-37.09	-57.34	28.46	7.67	4.52
Gain (Loss) on Sale of Assets	3.32	3.75	-0.88	-0.16	-8.66	-8.49
Other Unusual Items	6.48	10.31	40.97	7.12	-1.79	-62.03
Pretax Income	76.82	218.16	241.74	126.35	214.75	53.18
Income Tax Expense	21.73	39.1	37.84	20.3	27.08	-3.49
Earnings From Continuing Operations	55.1	179.06	203.89	106.05	187.66	56.67
Minority Interest in Earnings	1.78	-0.86	-20.2	-11.15	-8.42	10.68
Net Income	56.88	178.2	183.69	94.9	179.25	67.35
Net Income to Common	56.88	178.2	183.69	94.9	179.25	67.35
Net Income Growth	-74.38%	-2.99%	93.57%	-47.06%	166.15%	79.92%
Shares Outstanding (Basic)	181	184	184	169	162	162
Shares Outstanding (Diluted)	181	184	184	169	163	162
Shares Change (YoY)	-1.73%	0.01%	8.69%	3.72%	0.51%	-0.03%
EPS (Basic)	0.31	0.97	1.00	0.56	1.11	0.42
EPS (Diluted)	0.31	0.97	1.00	0.56	1.10	0.42
EPS Growth	-73.93%	-3.00%	78.09%	-48.95%	164.81%	79.98%
Free Cash Flow	-938.33	-229.48	3.79	-263.95	133.11	159.18
Free Cash Flow Per Share	-5.19	-1.25	0.02	-1.56	0.82	0.98
Dividend Per Share	0.300	0.300	0.300	0.154	0.223	0.185
Dividend Growth	-	-	95.06%	-31.06%	20.86%	166.76%
Gross Margin	18.31%	19.17%	19.71%	13.47%	21.67%	19.03%
Operating Margin	7.48%	9.98%	10.51%	6.42%	12.67%	10.26%
Profit Margin	1.45%	4.52%	4.78%	3.27%	7.39%	3.49%
Free Cash Flow Margin	-23.98%	-5.82%	0.10%	-9.09%	5.49%	8.24%
EBITDA	519.03	605.47	595.54	368.23	454.83	331.17
EBITDA Margin	13.27%	15.35%	15.50%	12.68%	18.76%	17.15%
D&A For EBITDA	226.28	211.54	191.89	181.81	147.66	132.95
EBIT	292.75	393.93	403.65	186.43	307.17	198.21
EBIT Margin	7.48%	9.98%	10.51%	6.42%	12.67%	10.26%
Effective Tax Rate	28.28%	17.92%	15.65%	16.07%	12.61%	-
Revenue as Reported	3,913	3,946	3,842	2,904	2,425	1,931

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