Shanghai Chemspec Corporation (SHA:688602)

Shanghai Chemspec 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	725.38	653.13	951.48	1,209	967.07	599.69
Other Revenue	21.68	21.68	28.11	28.83	37.56	29.5
Revenue	747.06	674.81	979.59	1,238	1,005	629.2
Revenue Growth (YoY)	5.42%	-31.11%	-20.89%	23.25%	59.67%	-8.45%
Cost of Revenue	670.98	629.76	723.74	885.37	667.06	366.31
Gross Profit	76.08	45.06	255.85	352.83	337.57	262.89
Selling, General & Admin	94.37	98.24	95.33	98.17	83.48	111.64
Research & Development	76.42	85.39	86.86	86.78	74.96	47.24
Other Operating Expenses	1.07	2.43	5.82	8.03	8.7	5.01
Operating Expenses	169.62	189.65	186.44	191.31	167.61	164.3
Operating Income	-93.54	-144.59	69.41	161.52	169.97	98.58
Interest Expense	-5.58	-7.4	-9.08	-6.93	-9.05	-8.35
Interest & Investment Income	63.82	63.12	18.01	1.37	20.92	9.47
Earnings From Equity Investments	-37.77	-	-	29.72	-	-
Currency Exchange Gain (Loss)	5.03	5.03	4.75	-0.14	-1.91	-4.07
Other Non Operating Income (Expenses)	-0.58	-0.14	-0.65	-0.83	-0.54	-7.49
EBT Excluding Unusual Items	-68.62	-83.99	82.44	184.7	179.38	88.14
Gain (Loss) on Sale of Investments	3.69	8.78	4.73	4.44	-41.15	3.85
Gain (Loss) on Sale of Assets	-1.13	-0.71	25.62	-2.48	-0.13	0.11
Asset Writedown	12.02	-	-	-	-2.72	-1.93
Other Unusual Items	3.16	4.11	13.02	13.81	10.16	13.54
Pretax Income	-50.89	-71.81	125.81	200.48	147.04	103.7
Income Tax Expense	-14.07	-21.15	10.68	17.79	8.75	11.1
Earnings From Continuing Operations	-36.82	-50.66	115.13	182.68	138.29	92.61
Minority Interest in Earnings	0.68	1.12	-2.43	-2.12	-4.22	-2.33
Net Income	-36.14	-49.53	112.7	180.56	134.07	90.28
Net Income to Common	-36.14	-49.53	112.7	180.56	134.07	90.28
Net Income Growth	-	-	-37.59%	34.68%	48.51%	-36.14%
Shares Outstanding (Basic)	358	495	451	420	388	360
Shares Outstanding (Diluted)	358	495	451	420	388	360
Shares Change (YoY)	-35.13%	9.88%	7.35%	8.29%	7.71%	-0.69%
EPS (Basic)	-0.10	-0.10	0.25	0.43	0.35	0.25
EPS (Diluted)	-0.10	-0.10	0.25	0.43	0.35	0.25
EPS Growth	-	-	-41.86%	24.37%	38.30%	-35.90%
Free Cash Flow	-28.13	-100.83	81.41	13.19	-76.08	-130.72
Free Cash Flow Per Share	-0.08	-0.20	0.18	0.03	-0.20	-0.36
Dividend Per Share	-	-	0.066	-	-	-
Gross Margin	10.18%	6.68%	26.12%	28.49%	33.60%	41.78%
Operating Margin	-12.52%	-21.43%	7.09%	13.04%	16.92%	15.67%
Profit Margin	-4.84%	-7.34%	11.51%	14.58%	13.35%	14.35%
Free Cash Flow Margin	-3.77%	-14.94%	8.31%	1.06%	-7.57%	-20.78%
EBITDA	79.78	8.7	195.99	283.08	265.28	182.61
EBITDA Margin	10.68%	1.29%	20.01%	22.86%	26.41%	29.02%
D&A For EBITDA	173.32	153.29	126.58	121.57	95.31	84.03
EBIT	-93.54	-144.59	69.41	161.52	169.97	98.58
EBIT Margin	-12.52%	-21.43%	7.09%	13.04%	16.92%	15.67%
Effective Tax Rate	-	-	8.49%	8.88%	5.95%	10.70%
Revenue as Reported	747.06	674.81	979.59	1,238	-	-
Advertising Expenses	-	0.65	0.67	0.11	0.39	0.2

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