Suzhou Xingye Materials Technology Co.,Ltd. (SHA:603928)

SHA:603928 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,471	1,443	1,481	1,770	1,956	1,445
Other Revenue	57.68	40.58	19.25	17.1	16.55	16.31
Revenue	1,528	1,484	1,500	1,787	1,972	1,461
Revenue Growth (YoY)	5.09%	-1.09%	-16.06%	-9.38%	34.99%	13.28%
Cost of Revenue	1,339	1,312	1,278	1,526	1,693	1,213
Gross Profit	189.56	172.39	222.28	261.79	279.84	248.34
Selling, General & Admin	75.09	77.9	81.79	68	65.45	62.88
Research & Development	46.62	47.96	47.91	59.57	62.14	45.9
Other Operating Expenses	-6.14	-8.88	-6.63	0.28	1.76	1.57
Operating Expenses	118.2	117.28	121.52	126.69	140.86	116.12
Operating Income	71.36	55.11	100.76	135.1	138.98	132.21
Interest Expense	-0.04	-2.1	-4.1	-2.65	-0	-
Interest & Investment Income	1.21	2.58	9.31	2.73	8.38	5.56
Currency Exchange Gain (Loss)	0.03	-0.1	-7.4	-8.36	-0.02	-0.1
Other Non Operating Income (Expenses)	-0.22	-0.2	-0.31	-1.58	-0.24	-0.67
EBT Excluding Unusual Items	72.35	55.29	98.27	125.24	147.1	137
Gain (Loss) on Sale of Investments	1.49	0.78	-3.69	3.58	-1.72	1.95
Gain (Loss) on Sale of Assets	-2.43	-2.44	-0.42	-0.17	-0.27	-0.53
Asset Writedown	-7.72	-7.7	-	-	-	-
Other Unusual Items	2.27	0.88	-4.8	3.43	2.09	2.5
Pretax Income	65.95	46.8	89.36	132.08	147.2	140.91
Income Tax Expense	8.39	6.28	13.41	15.84	17.53	21.12
Net Income	57.56	40.52	75.94	116.24	129.67	119.79
Net Income to Common	57.56	40.52	75.94	116.24	129.67	119.79
Net Income Growth	0.86%	-46.64%	-34.67%	-10.36%	8.25%	-9.66%
Shares Outstanding (Basic)	275	270	262	261	263	264
Shares Outstanding (Diluted)	275	270	262	261	263	264
Shares Change (YoY)	6.18%	3.15%	0.52%	-1.10%	-0.22%	1.06%
EPS (Basic)	0.21	0.15	0.29	0.45	0.49	0.45
EPS (Diluted)	0.21	0.15	0.29	0.45	0.49	0.45
EPS Growth	-5.01%	-48.28%	-35.01%	-9.36%	8.48%	-10.62%
Free Cash Flow	129	155.82	56.64	47.19	-20.45	86.67
Free Cash Flow Per Share	0.47	0.58	0.22	0.18	-0.08	0.33
Dividend Per Share	0.160	0.120	0.088	-	0.769	0.115
Dividend Growth	24.51%	35.59%	-	-	566.55%	-24.97%
Gross Margin	12.40%	11.62%	14.82%	14.65%	14.19%	17.00%
Operating Margin	4.67%	3.71%	6.72%	7.56%	7.05%	9.05%
Profit Margin	3.77%	2.73%	5.06%	6.50%	6.58%	8.20%
Free Cash Flow Margin	8.44%	10.50%	3.77%	2.64%	-1.04%	5.93%
EBITDA	123.34	106.28	148.55	179.63	181.96	172.6
EBITDA Margin	8.07%	7.16%	9.90%	10.05%	9.22%	11.81%
D&A For EBITDA	51.98	51.17	47.79	44.53	42.98	40.39
EBIT	71.36	55.11	100.76	135.1	138.98	132.21
EBIT Margin	4.67%	3.71%	6.72%	7.56%	7.05%	9.05%
Effective Tax Rate	12.73%	13.43%	15.01%	11.99%	11.91%	14.99%
Revenue as Reported	1,528	1,484	1,500	1,787	1,972	1,461
Advertising Expenses	-	2.02	2.02	1.74	-	-

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