Ningbo Dechang Electrical Machinery Made Co., Ltd. (SHA:605555)

SHA:605555 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	4,151	3,976	2,683	1,859	2,706	2,039
Other Revenue	119.37	119.37	92.61	78.68	135.27	25.9
Revenue	4,271	4,095	2,775	1,938	2,842	2,065
Revenue Growth (YoY)	40.70%	47.56%	43.19%	-31.80%	37.63%	71.90%
Cost of Revenue	3,556	3,395	2,248	1,599	2,295	1,510
Gross Profit	714.58	700.13	527.07	339.47	546.04	554.77
Selling, General & Admin	202.42	189.24	132.53	107.54	120.18	75.51
Research & Development	147.63	137.77	101.18	81.45	97.66	73.38
Other Operating Expenses	13.6	14.67	13.89	13.8	12.54	8.48
Operating Expenses	368.7	343.53	251.67	203.5	229.96	164.57
Operating Income	345.88	356.6	275.39	135.97	316.09	390.2
Interest Expense	-6.57	-7.74	-10.92	-7.34	-7.93	-12.38
Interest & Investment Income	54.51	58.08	59.3	43.52	36.6	18.57
Currency Exchange Gain (Loss)	41.9	41.9	36.11	150.7	-24.85	-61.92
Other Non Operating Income (Expenses)	-2.31	-4.72	-4.16	-1.83	-1.65	-2.7
EBT Excluding Unusual Items	433.41	444.11	355.71	321.02	318.25	331.77
Gain (Loss) on Sale of Investments	0.46	0.32	-0.05	0.54	3.17	21.68
Gain (Loss) on Sale of Assets	2.92	0.1	0.18	-4.65	-0.98	-0.52
Asset Writedown	0	0.32	-	-	-	-
Other Unusual Items	8.47	8.47	7.09	6.98	18.33	2.02
Pretax Income	445.27	453.32	362.93	323.88	338.78	354.96
Income Tax Expense	38.69	42.5	40.75	25.33	38.1	50.96
Net Income	406.58	410.83	322.18	298.55	300.67	304
Net Income to Common	406.58	410.83	322.18	298.55	300.67	304
Net Income Growth	11.30%	27.51%	7.92%	-0.71%	-1.09%	103.11%
Shares Outstanding (Basic)	485	485	481	485	377	357
Shares Outstanding (Diluted)	485	485	481	485	377	357
Shares Change (YoY)	1.53%	0.84%	-0.76%	28.54%	5.72%	10.18%
EPS (Basic)	0.84	0.85	0.67	0.62	0.80	0.85
EPS (Diluted)	0.84	0.85	0.67	0.62	0.80	0.85
EPS Growth	9.62%	26.45%	8.74%	-22.76%	-6.45%	84.35%
Free Cash Flow	-381.66	-253.91	131.92	-18.94	128.39	-48.24
Free Cash Flow Per Share	-0.79	-0.52	0.27	-0.04	0.34	-0.14
Dividend Per Share	0.269	0.269	0.269	0.275	0.137	-
Dividend Growth	-	-	-2.00%	99.93%	-	-
Gross Margin	16.73%	17.10%	18.99%	17.52%	19.22%	26.87%
Operating Margin	8.10%	8.71%	9.92%	7.02%	11.12%	18.90%
Profit Margin	9.52%	10.03%	11.61%	15.40%	10.58%	14.72%
Free Cash Flow Margin	-8.94%	-6.20%	4.75%	-0.98%	4.52%	-2.34%
EBITDA	449.13	452.15	340.14	181.68	361.43	422.96
EBITDA Margin	10.52%	11.04%	12.26%	9.38%	12.72%	20.49%
D&A For EBITDA	103.25	95.55	64.75	45.71	45.35	32.76
EBIT	345.88	356.6	275.39	135.97	316.09	390.2
EBIT Margin	8.10%	8.71%	9.92%	7.02%	11.12%	18.90%
Effective Tax Rate	8.69%	9.38%	11.23%	7.82%	11.25%	14.36%
Revenue as Reported	4,271	4,095	2,775	1,938	2,842	2,065

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.