Hefei Taihe Intelligent Technology Group Co.,Ltd. (SHA:603656)

SHA:603656 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	550.53	534.56	487.04	466.09	508.62	463.61
Other Revenue	29.24	29.24	22.38	13.26	9.95	11.15
Revenue	579.77	563.8	509.41	479.35	518.57	474.76
Revenue Growth (YoY)	4.98%	10.68%	6.27%	-7.56%	9.23%	23.26%
Cost of Revenue	336.01	341.85	307.38	289.81	300.98	244.22
Gross Profit	243.76	221.95	202.04	189.54	217.59	230.53
Selling, General & Admin	153.27	163.44	152.09	144.14	156.11	145.22
Research & Development	46.77	56.8	59.54	55.09	64.26	55.28
Other Operating Expenses	5.89	-0.78	0.94	3.5	2.36	-0.73
Operating Expenses	212.48	224.05	226.21	213.42	232.2	201.58
Operating Income	31.29	-2.1	-24.17	-23.88	-14.62	28.96
Interest Expense	-2.68	-0.01	-0.3	-0.01	-	-
Interest & Investment Income	15.89	18.04	21.59	9.86	17.59	10.88
Currency Exchange Gain (Loss)	5.92	5.92	3.57	11.75	-3.14	-6.75
Other Non Operating Income (Expenses)	-3.65	1.16	-0.57	-0.31	-0.54	0.08
EBT Excluding Unusual Items	46.77	23.01	0.11	-2.59	-0.71	33.17
Gain (Loss) on Sale of Investments	-12.58	-8.64	0.97	-0.03	-3.92	2.13
Gain (Loss) on Sale of Assets	0.31	-1.24	-0.32	-	30.83	-0.48
Asset Writedown	-6.73	-0.13	-0.01	-0	-	-
Other Unusual Items	12.01	12.01	10.77	25.21	14.05	13.9
Pretax Income	39.77	25.01	11.53	22.59	40.25	48.73
Income Tax Expense	10.2	4.69	3.1	3.45	4.91	8.16
Earnings From Continuing Operations	29.57	20.32	8.43	19.13	35.34	40.57
Minority Interest in Earnings	1.01	1.15	2.88	2.43	3.07	2.85
Net Income	30.58	21.47	11.31	21.56	38.4	43.42
Net Income to Common	30.58	21.47	11.31	21.56	38.4	43.42
Net Income Growth	302.89%	89.89%	-47.57%	-43.85%	-11.55%	-30.43%
Shares Outstanding (Basic)	180	179	188	154	148	150
Shares Outstanding (Diluted)	180	179	188	154	154	150
Shares Change (YoY)	-8.92%	-5.05%	22.34%	0.26%	2.60%	0.75%
EPS (Basic)	0.17	0.12	0.06	0.14	0.26	0.29
EPS (Diluted)	0.17	0.12	0.06	0.14	0.25	0.29
EPS Growth	342.34%	100.00%	-57.14%	-44.00%	-13.79%	-30.95%
Free Cash Flow	86.44	35.36	-88.38	-52.87	-94.85	-132.12
Free Cash Flow Per Share	0.48	0.20	-0.47	-0.34	-0.62	-0.88
Dividend Per Share	0.050	0.050	0.050	0.100	0.100	0.100
Dividend Growth	-	-	-50.00%	-	-	-
Gross Margin	42.05%	39.37%	39.66%	39.54%	41.96%	48.56%
Operating Margin	5.40%	-0.37%	-4.75%	-4.98%	-2.82%	6.10%
Profit Margin	5.27%	3.81%	2.22%	4.50%	7.41%	9.15%
Free Cash Flow Margin	14.91%	6.27%	-17.35%	-11.03%	-18.29%	-27.83%
EBITDA	68.01	33.61	10.2	8.53	10.83	45.57
EBITDA Margin	11.73%	5.96%	2.00%	1.78%	2.09%	9.60%
D&A For EBITDA	36.73	35.72	34.37	32.41	25.44	16.61
EBIT	31.29	-2.1	-24.17	-23.88	-14.62	28.96
EBIT Margin	5.40%	-0.37%	-4.75%	-4.98%	-2.82%	6.10%
Effective Tax Rate	25.65%	18.75%	26.89%	15.29%	12.20%	16.75%
Revenue as Reported	579.77	563.8	509.41	479.35	518.57	474.76
Advertising Expenses	-	7.18	5.69	2.07	4.83	7.67

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