Qingdao Daneng Environmental Protection Equipment Co., Ltd. (SHA:688501)

SHA:688501 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	1,314	1,029	760.84	626.75	555.39
Other Revenue	0.09	0.22	1.31	1.17	2.18
Revenue	1,314	1,029	762.16	627.92	557.56
Revenue Growth (YoY)	27.67%	35.04%	21.38%	12.62%	5.36%
Cost of Revenue	883.63	697.86	505.62	429.41	385.04
Gross Profit	430.41	331.37	256.54	198.51	172.53
Selling, General & Admin	214.69	152.74	113.51	86.2	70.57
Research & Development	57.46	50.71	32.66	31.25	25.41
Other Operating Expenses	3.65	3.62	3.94	5.3	4.28
Operating Expenses	301.2	233.04	164.05	126.77	109.09
Operating Income	129.21	98.34	92.49	71.74	63.43
Interest Expense	-21.01	-13.16	-11.83	-11.24	-11.23
Interest & Investment Income	1.33	1.72	4.22	1.14	0.82
Currency Exchange Gain (Loss)	0.7	-0.25	0.02	-0.12	-0.22
Other Non Operating Income (Expenses)	-1.59	-1.19	-1.6	-1.38	-2.4
EBT Excluding Unusual Items	108.64	85.46	83.28	60.13	50.41
Impairment of Goodwill	-1.98	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	0.39	-0.28
Gain (Loss) on Sale of Assets	-0.15	0.08	-0.01	0.73	0
Asset Writedown	-4.35	4.44	-4.58	-6.24	0.96
Other Unusual Items	13.92	9.2	0.26	16.23	5.47
Pretax Income	116.08	99.18	78.95	71.24	56.56
Income Tax Expense	19.77	6.79	8.45	7.57	6.16
Earnings From Continuing Operations	96.31	92.4	70.5	63.67	50.4
Minority Interest in Earnings	-3.33	-5.72	-11.94	-7.78	-2.65
Net Income	92.97	86.68	58.56	55.89	47.75
Net Income to Common	92.97	86.68	58.56	55.89	47.75
Net Income Growth	7.26%	48.02%	4.79%	17.04%	3.08%
Shares Outstanding (Basic)	122	124	122	105	93
Shares Outstanding (Diluted)	122	124	122	105	93
Shares Change (YoY)	-1.21%	1.50%	15.88%	13.65%	-0.00%
EPS (Basic)	0.76	0.70	0.48	0.53	0.52
EPS (Diluted)	0.76	0.70	0.48	0.53	0.52
EPS Growth	8.57%	45.83%	-9.57%	2.99%	3.08%
Free Cash Flow	-515.42	-57.29	4.25	-73.77	-55.86
Free Cash Flow Per Share	-4.21	-0.46	0.04	-0.70	-0.60
Dividend Per Share	0.240	0.220	0.077	0.139	-
Dividend Growth	9.09%	186.09%	-44.48%	-	-
Gross Margin	32.76%	32.20%	33.66%	31.61%	30.94%
Operating Margin	9.83%	9.55%	12.13%	11.43%	11.38%
Profit Margin	7.07%	8.42%	7.68%	8.90%	8.56%
Free Cash Flow Margin	-39.22%	-5.57%	0.56%	-11.75%	-10.02%
EBITDA	152.13	113.72	104.15	80.79	71.49
EBITDA Margin	11.58%	11.05%	13.67%	12.87%	12.82%
D&A For EBITDA	22.93	15.39	11.67	9.05	8.06
EBIT	129.21	98.34	92.49	71.74	63.43
EBIT Margin	9.83%	9.55%	12.13%	11.43%	11.38%
Effective Tax Rate	17.03%	6.84%	10.70%	10.63%	10.90%
Revenue as Reported	1,314	1,029	762.16	627.92	557.56
Advertising Expenses	4.07	3.31	1.24	2.41	1.47

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.