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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	990.53	1,182	1,475	1,399	1,339
Other Revenue	17.61	20.53	13.45	15.87	15.97
Revenue	1,008	1,203	1,488	1,415	1,355
Revenue Growth (YoY)	-16.20%	-19.17%	5.18%	4.46%	5.27%
Cost of Revenue	816.3	979.41	1,167	1,103	1,048
Gross Profit	191.84	223.58	321.86	311.92	307.08
Selling, General & Admin	70.75	79.82	76.32	77.7	73.53
Research & Development	52.13	59.64	61.22	57.4	53.38
Other Operating Expenses	2.88	9.41	14.06	11.9	9.53
Operating Expenses	143.82	165.68	161.48	148.43	108.42
Operating Income	48.02	57.9	160.39	163.49	198.66
Interest Expense	-6.38	-6.43	-10.31	-12.61	-8.97
Interest & Investment Income	5.38	7.62	11.35	3.35	1.3
Currency Exchange Gain (Loss)	0.02	0.01	-0.01	-0.01	-0.75
Other Non Operating Income (Expenses)	-1.32	-2.02	-0.79	-1.03	-1.44
EBT Excluding Unusual Items	45.73	57.08	160.62	153.19	188.79
Gain (Loss) on Sale of Assets	0.22	-0.12	0.1	0.05	0.03
Asset Writedown	-0.04	0.07	-0.04	0.51	0.06
Other Unusual Items	5.73	11.16	8.95	12.51	4.42
Pretax Income	51.64	68.2	169.63	166.26	193.31
Income Tax Expense	1.27	6.82	22.61	20.2	28.89
Earnings From Continuing Operations	50.37	61.38	147.02	146.07	164.42
Minority Interest in Earnings	-5.24	-6.25	-5.32	-4.88	-5.59
Net Income	45.13	55.13	141.7	141.19	158.83
Net Income to Common	45.13	55.13	141.7	141.19	158.83
Net Income Growth	-18.13%	-61.09%	0.36%	-11.10%	12.59%
Shares Outstanding (Basic)	376	376	376	298	282
Shares Outstanding (Diluted)	376	376	376	298	282
Shares Change (YoY)	0.03%	0.01%	26.32%	5.55%	0.03%
EPS (Basic)	0.12	0.15	0.38	0.47	0.56
EPS (Diluted)	0.12	0.15	0.38	0.47	0.56
EPS Growth	-18.16%	-61.10%	-20.55%	-15.78%	12.56%
Free Cash Flow	32.16	-104.04	-35.95	2.16	33.2
Free Cash Flow Per Share	0.09	-0.28	-0.10	0.01	0.12
Dividend Per Share	0.018	0.022	0.076	0.094	-
Dividend Growth	-18.18%	-71.05%	-19.15%	-	-
Gross Margin	19.03%	18.58%	21.63%	22.04%	22.67%
Operating Margin	4.76%	4.81%	10.78%	11.55%	14.67%
Profit Margin	4.48%	4.58%	9.52%	9.98%	11.72%
Free Cash Flow Margin	3.19%	-8.65%	-2.42%	0.15%	2.45%
EBITDA	80.67	85.38	182.77	181.29	212.85
EBITDA Margin	8.00%	7.10%	12.28%	12.81%	15.71%
D&A For EBITDA	32.65	27.48	22.39	17.8	14.19
EBIT	48.02	57.9	160.39	163.49	198.66
EBIT Margin	4.76%	4.81%	10.78%	11.55%	14.67%
Effective Tax Rate	2.45%	10.00%	13.33%	12.15%	14.95%
Revenue as Reported	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.