China Railway High-speed Electrification Equipment Corporation Limited (SHA:688285)

SHA:688285 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	1,060	990.53	1,182	1,475	1,399	1,339
Other Revenue	17.61	17.61	20.53	13.45	15.87	15.97
Revenue	1,077	1,008	1,203	1,488	1,415	1,355
Revenue Growth (YoY)	-2.39%	-16.20%	-19.17%	5.18%	4.46%	5.27%
Cost of Revenue	876.16	816.3	979.41	1,167	1,103	1,048
Gross Profit	201.26	191.84	223.58	321.86	311.92	307.08
Selling, General & Admin	74.06	70.75	79.82	76.32	77.7	73.53
Research & Development	50.31	52.13	59.64	61.22	57.4	53.38
Other Operating Expenses	3.79	2.88	9.41	14.06	11.9	9.53
Operating Expenses	146.57	143.82	165.68	161.48	148.43	108.42
Operating Income	54.69	48.02	57.9	160.39	163.49	198.66
Interest Expense	-6.3	-6.38	-6.43	-10.31	-12.61	-8.97
Interest & Investment Income	4.59	5.38	7.62	11.35	3.35	1.3
Currency Exchange Gain (Loss)	0.02	0.02	0.01	-0.01	-0.01	-0.75
Other Non Operating Income (Expenses)	-1.34	-1.32	-2.02	-0.79	-1.03	-1.44
EBT Excluding Unusual Items	51.67	45.73	57.08	160.62	153.19	188.79
Gain (Loss) on Sale of Assets	0.22	0.22	-0.12	0.1	0.05	0.03
Asset Writedown	-0.08	-0.04	0.07	-0.04	0.51	0.06
Other Unusual Items	6.35	5.73	11.16	8.95	12.51	4.42
Pretax Income	58.17	51.64	68.2	169.63	166.26	193.31
Income Tax Expense	2.72	1.27	6.82	22.61	20.2	28.89
Earnings From Continuing Operations	55.44	50.37	61.38	147.02	146.07	164.42
Minority Interest in Earnings	-5.33	-5.24	-6.25	-5.32	-4.88	-5.59
Net Income	50.11	45.13	55.13	141.7	141.19	158.83
Net Income to Common	50.11	45.13	55.13	141.7	141.19	158.83
Net Income Growth	22.09%	-18.13%	-61.09%	0.36%	-11.10%	12.59%
Shares Outstanding (Basic)	363	376	376	376	298	282
Shares Outstanding (Diluted)	363	376	376	376	298	282
Shares Change (YoY)	-8.05%	0.03%	0.01%	26.32%	5.55%	0.03%
EPS (Basic)	0.14	0.12	0.15	0.38	0.47	0.56
EPS (Diluted)	0.14	0.12	0.15	0.38	0.47	0.56
EPS Growth	32.78%	-18.16%	-61.10%	-20.55%	-15.78%	12.56%
Free Cash Flow	-45.31	32.16	-104.04	-35.95	2.16	33.2
Free Cash Flow Per Share	-0.13	0.09	-0.28	-0.10	0.01	0.12
Dividend Per Share	0.018	0.018	0.022	0.076	0.094	-
Dividend Growth	-18.18%	-18.18%	-71.05%	-19.15%	-	-
Gross Margin	18.68%	19.03%	18.58%	21.63%	22.04%	22.67%
Operating Margin	5.08%	4.76%	4.81%	10.78%	11.55%	14.67%
Profit Margin	4.65%	4.48%	4.58%	9.52%	9.98%	11.72%
Free Cash Flow Margin	-4.21%	3.19%	-8.65%	-2.42%	0.15%	2.45%
EBITDA	88.63	80.67	85.38	182.77	181.29	212.85
EBITDA Margin	8.23%	8.00%	7.10%	12.28%	12.81%	15.71%
D&A For EBITDA	33.94	32.65	27.48	22.39	17.8	14.19
EBIT	54.69	48.02	57.9	160.39	163.49	198.66
EBIT Margin	5.08%	4.76%	4.81%	10.78%	11.55%	14.67%
Effective Tax Rate	4.68%	2.45%	10.00%	13.33%	12.15%	14.95%
Revenue as Reported	1,077	1,008	1,203	1,488	-	1,355
Advertising Expenses	-	0.01	0.02	0.03	1.59	0

Updated Feb 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.