Xiamen Solex High-tech Industries Co., Ltd. (SHA:603992)

SHA:603992 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	2,782	2,901	2,910	3,101	2,893	1,989
Other Revenue	113.68	113.68	73.21	79.93	83.64	46.19
Revenue	2,896	3,015	2,983	3,181	2,977	2,035
Revenue Growth (YoY)	-5.35%	1.06%	-6.20%	6.84%	46.30%	17.04%
Cost of Revenue	1,903	1,964	1,976	2,225	2,106	1,335
Gross Profit	992.95	1,051	1,007	955.21	871.37	699.78
Selling, General & Admin	374.45	366.64	375.43	414.9	354.73	258.97
Research & Development	233.98	225.11	203.53	192.22	169.57	128.79
Other Operating Expenses	33.58	26.88	28.42	23.06	24.43	18.85
Operating Expenses	639.36	616.29	617.87	624.11	555.82	411.43
Operating Income	353.58	435.08	389.54	331.1	315.55	288.35
Interest Expense	-19.22	-22.39	-26.1	-29.85	-13.89	-
Interest & Investment Income	30.78	32.52	26.14	11.71	29.91	41.2
Currency Exchange Gain (Loss)	32.75	32.75	14.91	59.78	-9.31	-36.98
Other Non Operating Income (Expenses)	0.67	0.47	-2.43	-1.53	2.24	-3.42
EBT Excluding Unusual Items	398.57	478.44	402.06	371.22	324.5	289.15
Impairment of Goodwill	-	-	-	-10.15	-	-
Gain (Loss) on Sale of Investments	2.96	2.32	-28.64	-55.21	12.67	8.34
Gain (Loss) on Sale of Assets	0.46	0.48	-0.6	12.85	-1.44	-0.32
Asset Writedown	-0.83	-1.12	-9.87	-5.46	-2.47	-0.56
Other Unusual Items	13.16	13.05	14.94	6.98	24.61	14.58
Pretax Income	414.35	493.2	377.88	320.23	358.42	311.24
Income Tax Expense	33.81	46.78	-13.21	34.7	46.3	40.75
Earnings From Continuing Operations	380.54	446.42	391.09	285.53	312.12	270.49
Minority Interest in Earnings	-	-	-38.6	-24.31	-10.83	-
Net Income	380.54	446.42	352.49	261.22	301.3	270.49
Net Income to Common	380.54	446.42	352.49	261.22	301.3	270.49
Net Income Growth	-9.42%	26.65%	34.94%	-13.30%	11.39%	15.51%
Shares Outstanding (Basic)	406	406	363	402	402	404
Shares Outstanding (Diluted)	447	446	383	402	402	404
Shares Change (YoY)	15.44%	16.52%	-4.66%	0.03%	-0.49%	8.61%
EPS (Basic)	0.94	1.10	0.97	0.65	0.75	0.67
EPS (Diluted)	0.85	1.00	0.92	0.65	0.75	0.67
EPS Growth	-21.54%	8.70%	41.54%	-13.33%	11.94%	6.35%
Free Cash Flow	223.69	350.4	325.56	401.56	-47.32	19.25
Free Cash Flow Per Share	0.50	0.79	0.85	1.00	-0.12	0.05
Dividend Per Share	0.530	0.530	0.439	0.196	0.076	0.203
Dividend Growth	20.73%	20.73%	123.98%	157.90%	-62.56%	15.34%
Gross Margin	34.29%	34.87%	33.77%	30.03%	29.27%	34.39%
Operating Margin	12.21%	14.43%	13.06%	10.41%	10.60%	14.17%
Profit Margin	13.14%	14.81%	11.82%	8.21%	10.12%	13.29%
Free Cash Flow Margin	7.72%	11.62%	10.91%	12.63%	-1.59%	0.95%
EBITDA	468.4	552.1	515.39	451.87	404.85	351.18
EBITDA Margin	16.18%	18.31%	17.27%	14.21%	13.60%	17.26%
D&A For EBITDA	114.82	117.02	125.85	120.77	89.3	62.83
EBIT	353.58	435.08	389.54	331.1	315.55	288.35
EBIT Margin	12.21%	14.43%	13.06%	10.41%	10.60%	14.17%
Effective Tax Rate	8.16%	9.49%	-	10.84%	12.92%	13.09%
Revenue as Reported	2,896	3,015	2,983	3,181	2,977	2,035
Advertising Expenses	-	2.73	3.84	6.29	10.87	7.85

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