Shaanxi Sirui Advanced Materials Co., Ltd. (SHA:688102)

SHA:688102 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	1,454	1,244	1,097	926.85	883.91	605.91
Other Revenue	85.37	85.37	82.46	66.75	84.39	74.76
Revenue	1,539	1,330	1,180	993.61	968.29	680.67
Revenue Growth (YoY)	20.74%	12.73%	18.71%	2.61%	42.25%	20.34%
Cost of Revenue	1,174	1,025	933.49	807.46	785.59	529.87
Gross Profit	365.18	304.8	246.03	186.14	182.7	150.8
Selling, General & Admin	97.96	86.55	77.76	64.59	57.17	48.49
Research & Development	84.69	68.83	59.45	51.61	40.71	22.28
Other Operating Expenses	4.04	8	-17.37	8.55	7.26	5.86
Operating Expenses	192.45	166.22	121.34	128.46	106.4	78.09
Operating Income	172.73	138.58	124.69	57.68	76.3	72.71
Interest Expense	-15.46	-14.26	-10.95	-13.63	-17.81	-17.96
Interest & Investment Income	0.97	0.79	0.66	0.87	0.75	1.6
Currency Exchange Gain (Loss)	0.46	0.46	3.37	2.38	-3.4	-1.32
Other Non Operating Income (Expenses)	0.79	-6.64	-5.46	-1.87	-5.22	-6.51
EBT Excluding Unusual Items	159.5	118.92	112.31	45.43	50.62	48.52
Gain (Loss) on Sale of Investments	-3.43	-1.17	-1.64	-0.11	0.02	-
Gain (Loss) on Sale of Assets	-0.93	0.01	0.2	-1.6	-0.4	-0.39
Asset Writedown	-2.61	-0.24	-1.49	-0.1	-0.12	-0.13
Other Unusual Items	14.57	16.19	1.58	29.45	15.35	11.26
Pretax Income	167.1	133.7	110.96	73.08	65.47	59.26
Income Tax Expense	14.75	14.54	9.85	-4.1	3.27	7.23
Earnings From Continuing Operations	152.35	119.17	101.11	77.18	62.2	52.03
Minority Interest in Earnings	-8.57	-4.93	-2.77	0.84	1.16	0.07
Net Income	143.78	114.24	98.34	78.03	63.36	52.11
Net Income to Common	143.78	114.24	98.34	78.03	63.36	52.11
Net Income Growth	32.92%	16.17%	26.04%	23.14%	21.60%	70.84%
Shares Outstanding (Basic)	727	725	728	710	655	655
Shares Outstanding (Diluted)	729	725	728	710	655	655
Shares Change (YoY)	0.45%	-0.35%	2.53%	8.35%	-0.03%	10.03%
EPS (Basic)	0.20	0.16	0.14	0.11	0.10	0.08
EPS (Diluted)	0.20	0.16	0.14	0.11	0.10	0.08
EPS Growth	32.33%	16.58%	22.93%	13.65%	21.63%	55.27%
Free Cash Flow	-243.43	-225.59	-29.24	-112.96	-151.38	-37.9
Free Cash Flow Per Share	-0.33	-0.31	-0.04	-0.16	-0.23	-0.06
Dividend Per Share	-	-	0.061	0.044	0.044	-
Dividend Growth	-	-	40.09%	-0.23%	-	-
Gross Margin	23.72%	22.92%	20.86%	18.73%	18.87%	22.16%
Operating Margin	11.22%	10.42%	10.57%	5.80%	7.88%	10.68%
Profit Margin	9.34%	8.59%	8.34%	7.85%	6.54%	7.66%
Free Cash Flow Margin	-15.81%	-16.97%	-2.48%	-11.37%	-15.63%	-5.57%
EBITDA	247.01	204.56	179.61	98.59	109.75	101.02
EBITDA Margin	16.05%	15.38%	15.23%	9.92%	11.34%	14.84%
D&A For EBITDA	74.28	65.98	54.92	40.91	33.45	28.31
EBIT	172.73	138.58	124.69	57.68	76.3	72.71
EBIT Margin	11.22%	10.42%	10.57%	5.80%	7.88%	10.68%
Effective Tax Rate	8.83%	10.87%	8.87%	-	4.99%	12.20%
Revenue as Reported	209.65	-	-	993.61	968.29	680.67

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