Shanghai Smith Adhesive New Material Co.,Ltd (SHA:603683)

SHA:603683 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	2,027	1,878	1,551	1,410	1,391	1,033
Other Revenue	7.32	7.32	7.54	3.76	3.54	5.71
Revenue	2,035	1,885	1,559	1,414	1,395	1,039
Revenue Growth (YoY)	11.77%	20.94%	10.23%	1.37%	34.27%	11.53%
Cost of Revenue	1,703	1,572	1,308	1,221	1,170	842.58
Gross Profit	331.27	313.23	250.82	192.98	224.7	196.16
Selling, General & Admin	157.27	147.42	108.22	83.97	96.5	78.79
Research & Development	79.71	67.29	55.41	47.41	61.77	39.23
Other Operating Expenses	1.41	1.16	-0.27	6.09	6.35	6.5
Operating Expenses	242.81	220.31	166	141.13	166.57	127.16
Operating Income	88.46	92.92	84.81	51.85	58.13	69.01
Interest Expense	-18.89	-18.7	-22.36	-21.59	-20.45	-19.07
Interest & Investment Income	-	0.96	2.62	1.04	1.24	1.08
Currency Exchange Gain (Loss)	-4.49	-4.49	3.05	-0.12	-1.18	-0.55
Other Non Operating Income (Expenses)	-0.35	-2.81	-1.58	-2.39	0.08	-3.64
EBT Excluding Unusual Items	64.72	67.88	66.54	28.78	37.81	46.84
Gain (Loss) on Sale of Investments	-4.22	-4.35	0.95	-12.79	-5.2	-0.97
Gain (Loss) on Sale of Assets	-5.08	3.35	-3.65	0.08	-0.28	94.94
Asset Writedown	-0.48	-	-	-	-	-
Other Unusual Items	4	4	2.92	6.46	5	46.87
Pretax Income	58.94	70.87	66.77	22.53	37.33	187.68
Income Tax Expense	-7.08	2.03	-0.73	-5.14	4.8	34.9
Earnings From Continuing Operations	66.03	68.84	67.5	27.67	32.53	152.78
Minority Interest in Earnings	-1.91	-1.81	-10.93	-21.85	-0.85	2.71
Net Income	64.12	67.03	56.57	5.82	31.68	155.5
Net Income to Common	64.12	67.03	56.57	5.82	31.68	155.5
Net Income Growth	-24.31%	18.50%	872.76%	-81.65%	-79.62%	4381.23%
Shares Outstanding (Basic)	272	258	236	194	211	212
Shares Outstanding (Diluted)	274	258	236	194	211	212
Shares Change (YoY)	3.78%	9.38%	21.59%	-8.23%	-0.39%	9.39%
EPS (Basic)	0.24	0.26	0.24	0.03	0.15	0.73
EPS (Diluted)	0.23	0.26	0.24	0.03	0.15	0.73
EPS Growth	-27.07%	8.33%	700.00%	-80.00%	-79.55%	3996.65%
Free Cash Flow	7.31	-132.92	-5.05	94.16	15.25	1.31
Free Cash Flow Per Share	0.03	-0.52	-0.02	0.49	0.07	0.01
Dividend Per Share	0.090	0.090	0.026	0.092	0.046	0.030
Dividend Growth	246.15%	246.15%	-71.74%	100.87%	53.69%	-57.73%
Gross Margin	16.28%	16.62%	16.09%	13.65%	16.11%	18.88%
Operating Margin	4.35%	4.93%	5.44%	3.67%	4.17%	6.64%
Profit Margin	3.15%	3.56%	3.63%	0.41%	2.27%	14.97%
Free Cash Flow Margin	0.36%	-7.05%	-0.32%	6.66%	1.09%	0.13%
EBITDA	157.31	160.6	150.93	117.85	123.19	119.27
EBITDA Margin	7.73%	8.52%	9.68%	8.33%	8.83%	11.48%
D&A For EBITDA	68.85	67.68	66.12	66	65.06	50.26
EBIT	88.46	92.92	84.81	51.85	58.13	69.01
EBIT Margin	4.35%	4.93%	5.44%	3.67%	4.17%	6.64%
Effective Tax Rate	-	2.87%	-	-	12.85%	18.59%
Revenue as Reported	2,035	1,885	1,559	1,414	1,395	1,039
Advertising Expenses	-	7.96	5.39	2.17	2.39	1.95

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