SEC Electric Machinery Co., Ltd. (SHA:603988)

SEC Electric Machinery 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	665.09	657.33	755.77	857.27	817.86	854.88
Other Revenue	8.96	8.96	1.61	2.68	1.5	1.52
Revenue	674.05	666.29	757.38	859.94	819.36	856.41
Revenue Growth (YoY)	-1.80%	-12.03%	-11.93%	4.95%	-4.33%	40.86%
Cost of Revenue	515.76	517.91	599.22	649.77	609.19	610.76
Gross Profit	158.29	148.38	158.16	210.17	210.17	245.64
Selling, General & Admin	79.54	79.68	97.3	114.08	119.36	95.56
Research & Development	24.95	24.94	27.12	34.43	26.82	29.12
Other Operating Expenses	1.99	3.67	4.02	5.02	4.14	5
Operating Expenses	127.55	128.17	128.73	151.59	139.03	122.27
Operating Income	30.73	20.22	29.43	58.58	71.14	123.37
Interest Expense	-	-	-2.8	-1.87	-2.44	-
Interest & Investment Income	0.71	0.75	3.69	6.52	0.78	13.67
Currency Exchange Gain (Loss)	0.22	0.22	1.57	1.64	-4.85	-1.93
Other Non Operating Income (Expenses)	0.32	-0.53	-0.45	0.1	-0.91	-2.85
EBT Excluding Unusual Items	31.99	20.65	31.44	64.97	63.73	132.27
Gain (Loss) on Sale of Investments	-18.84	-35.42	16.96	-14.32	-17.55	60.01
Gain (Loss) on Sale of Assets	0	0	0.19	1.06	0.18	0.1
Other Unusual Items	1.24	1.24	0.83	7.23	0.85	5.98
Pretax Income	7.97	-13.52	49.42	58.93	47.21	198.36
Income Tax Expense	-4.32	-3.19	6.21	7.34	7.28	27.15
Net Income	12.3	-10.33	43.21	51.59	39.94	171.21
Net Income to Common	12.3	-10.33	43.21	51.59	39.94	171.21
Net Income Growth	-42.02%	-	-16.24%	29.17%	-76.67%	50.89%
Shares Outstanding (Basic)	253	258	240	234	235	235
Shares Outstanding (Diluted)	253	258	240	234	235	235
Shares Change (YoY)	0.06%	7.56%	2.37%	-0.19%	0.17%	-0.79%
EPS (Basic)	0.05	-0.04	0.18	0.22	0.17	0.73
EPS (Diluted)	0.05	-0.04	0.18	0.22	0.17	0.73
EPS Growth	-42.06%	-	-18.18%	29.41%	-76.71%	52.08%
Free Cash Flow	26.35	28.17	35.26	-42.47	-11.01	70.33
Free Cash Flow Per Share	0.10	0.11	0.15	-0.18	-0.05	0.30
Dividend Per Share	0.040	0.040	0.060	0.066	0.057	1.093
Dividend Growth	-33.33%	-33.33%	-8.82%	16.46%	-94.83%	333.73%
Gross Margin	23.48%	22.27%	20.88%	24.44%	25.65%	28.68%
Operating Margin	4.56%	3.03%	3.89%	6.81%	8.68%	14.41%
Profit Margin	1.82%	-1.55%	5.71%	6.00%	4.87%	19.99%
Free Cash Flow Margin	3.91%	4.23%	4.66%	-4.94%	-1.34%	8.21%
EBITDA	44.61	34.42	44.94	71.91	84.69	135.99
EBITDA Margin	6.62%	5.17%	5.93%	8.36%	10.34%	15.88%
D&A For EBITDA	13.88	14.21	15.51	13.32	13.54	12.62
EBIT	30.73	20.22	29.43	58.58	71.14	123.37
EBIT Margin	4.56%	3.03%	3.89%	6.81%	8.68%	14.41%
Effective Tax Rate	-	-	12.57%	12.46%	15.41%	13.69%
Revenue as Reported	674.05	666.29	757.38	859.94	819.36	856.41
Advertising Expenses	-	4.34	4.93	6.34	9.46	9.03

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.