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	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	1,181	990.53	1,182	1,475	1,399
Other Revenue	-	17.61	20.53	13.45	15.87
Revenue	1,181	1,008	1,203	1,488	1,415
Revenue Growth (YoY)	17.16%	-16.20%	-19.17%	5.18%	4.46%
Cost of Revenue	1,109	816.3	979.41	1,167	1,103
Gross Profit	71.81	191.84	223.58	321.86	311.92
Selling, General & Admin	-	70.75	79.82	76.32	77.7
Research & Development	-	52.13	59.64	61.22	57.4
Other Operating Expenses	-	2.88	9.41	14.06	11.9
Operating Expenses	-	143.82	165.68	161.48	148.43
Operating Income	71.81	48.02	57.9	160.39	163.49
Interest Expense	-	-6.38	-6.43	-10.31	-12.61
Interest & Investment Income	-	5.38	7.62	11.35	3.35
Currency Exchange Gain (Loss)	-	0.02	0.01	-0.01	-0.01
Other Non Operating Income (Expenses)	0.27	-1.32	-2.02	-0.79	-1.03
EBT Excluding Unusual Items	72.08	45.73	57.08	160.62	153.19
Gain (Loss) on Sale of Assets	-	0.22	-0.12	0.1	0.05
Asset Writedown	-	-0.04	0.07	-0.04	0.51
Other Unusual Items	-	5.73	11.16	8.95	12.51
Pretax Income	72.08	51.64	68.2	169.63	166.26
Income Tax Expense	20.62	1.27	6.82	22.61	20.2
Earnings From Continuing Operations	51.46	50.37	61.38	147.02	146.07
Minority Interest in Earnings	-	-5.24	-6.25	-5.32	-4.88
Net Income	51.46	45.13	55.13	141.7	141.19
Net Income to Common	51.46	45.13	55.13	141.7	141.19
Net Income Growth	14.02%	-18.13%	-61.09%	0.36%	-11.10%
Shares Outstanding (Basic)	376	376	376	376	298
Shares Outstanding (Diluted)	376	376	376	376	298
Shares Change (YoY)	-0.06%	0.03%	0.01%	26.32%	5.55%
EPS (Basic)	0.14	0.12	0.15	0.38	0.47
EPS (Diluted)	0.14	0.12	0.15	0.38	0.47
EPS Growth	14.09%	-18.16%	-61.10%	-20.55%	-15.78%
Free Cash Flow	-	32.16	-104.04	-35.95	2.16
Free Cash Flow Per Share	-	0.09	-0.28	-0.10	0.01
Dividend Per Share	-	0.018	0.022	0.076	0.094
Dividend Growth	-	-18.18%	-71.05%	-19.15%	-
Gross Margin	6.08%	19.03%	18.58%	21.63%	22.04%
Operating Margin	6.08%	4.76%	4.81%	10.78%	11.55%
Profit Margin	4.36%	4.48%	4.58%	9.52%	9.98%
Free Cash Flow Margin	-	3.19%	-8.65%	-2.42%	0.15%
EBITDA	104.46	80.67	85.38	182.77	181.29
EBITDA Margin	8.84%	8.00%	7.10%	12.28%	12.81%
D&A For EBITDA	32.65	32.65	27.48	22.39	17.8
EBIT	71.81	48.02	57.9	160.39	163.49
EBIT Margin	6.08%	4.76%	4.81%	10.78%	11.55%
Effective Tax Rate	28.60%	2.45%	10.00%	13.33%	12.15%
Revenue as Reported	-	1,008	1,203	1,488	-
Advertising Expenses	-	0.01	0.02	0.03	1.59

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.