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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	706.12	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	715.08	666.29	757.38	859.94	819.36	856.41
Revenue Growth (YoY)	8.50%	-12.03%	-11.93%	4.95%	-4.33%	40.86%
Cost of Revenue	544.72	517.91	599.22	649.77	609.19	610.76
Gross Profit	170.36	148.38	158.16	210.17	210.17	245.64
Selling, General & Admin	83.61	79.68	97.3	114.08	119.36	95.56
Research & Development	22.77	24.94	27.12	34.43	26.82	29.12
Other Operating Expenses	3.31	3.67	4.02	5.02	4.14	5
Operating Expenses	135.56	128.17	128.73	151.59	139.03	122.27
Operating Income	34.8	20.22	29.43	58.58	71.14	123.37
Interest Expense	-	-	-2.8	-1.87	-2.44	-
Interest & Investment Income	11.14	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)	-0.11	-0.53	-0.45	0.1	-0.91	-2.85
EBT Excluding Unusual Items	46.05	20.65	31.44	64.97	63.73	132.27
Gain (Loss) on Sale of Investments	5.28	-35.42	16.96	-14.32	-17.55	60.01
Gain (Loss) on Sale of Assets	-	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	42.17	-13.52	49.42	58.93	47.21	198.36
Income Tax Expense	-0.34	-3.19	6.21	7.34	7.28	27.15
Net Income	42.51	-10.33	43.21	51.59	39.94	171.21
Net Income to Common	42.51	-10.33	43.21	51.59	39.94	171.21
Net Income Growth	122.89%	-	-16.24%	29.17%	-76.67%	50.89%
Shares Outstanding (Basic)	261	258	240	234	235	235
Shares Outstanding (Diluted)	261	258	240	234	235	235
Shares Change (YoY)	22.44%	7.56%	2.37%	-0.19%	0.17%	-0.79%
EPS (Basic)	0.16	-0.04	0.18	0.22	0.17	0.73
EPS (Diluted)	0.16	-0.04	0.18	0.22	0.17	0.73
EPS Growth	82.04%	-	-18.18%	29.41%	-76.71%	52.08%
Free Cash Flow	-27.06	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	23.82%	22.27%	20.88%	24.44%	25.65%	28.68%
Operating Margin	4.87%	3.03%	3.89%	6.81%	8.68%	14.41%
Profit Margin	5.94%	-1.55%	5.71%	6.00%	4.87%	19.99%
Free Cash Flow Margin	-3.79%	4.23%	4.66%	-4.94%	-1.34%	8.21%
EBITDA	48.03	34.42	44.94	71.91	84.69	135.99
EBITDA Margin	6.72%	5.17%	5.93%	8.36%	10.34%	15.88%
D&A For EBITDA	13.22	14.21	15.51	13.32	13.54	12.62
EBIT	34.8	20.22	29.43	58.58	71.14	123.37
EBIT Margin	4.87%	3.03%	3.89%	6.81%	8.68%	14.41%
Effective Tax Rate	-	-	12.57%	12.46%	15.41%	13.69%
Revenue as Reported	715.08	666.29	757.38	859.94	819.36	856.41
Advertising Expenses	-	4.34	4.93	6.34	9.46	9.03

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