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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	727.76	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	749.44	674.81	979.59	1,238	1,005	629.2
Revenue Growth (YoY)	-19.35%	-31.11%	-20.89%	23.25%	59.67%	-8.45%
Cost of Revenue	666.04	629.76	723.74	885.37	667.06	366.31
Gross Profit	83.39	45.06	255.85	352.83	337.57	262.89
Selling, General & Admin	95.15	98.24	95.33	98.17	83.48	111.64
Research & Development	85.18	85.39	86.86	86.78	74.96	47.24
Other Operating Expenses	0.22	2.43	5.82	8.03	8.7	5.01
Operating Expenses	181.14	189.65	186.44	191.31	167.61	164.3
Operating Income	-97.75	-144.59	69.41	161.52	169.97	98.58
Interest Expense	-6.97	-7.4	-9.08	-6.93	-9.05	-8.35
Interest & Investment Income	64.17	63.12	18.01	1.37	20.92	9.47
Earnings From Equity Investments	-35.5	-	-	29.72	-	-
Currency Exchange Gain (Loss)	5.03	5.03	4.75	-0.14	-1.91	-4.07
Other Non Operating Income (Expenses)	-0.06	-0.14	-0.65	-0.83	-0.54	-7.49
EBT Excluding Unusual Items	-71.07	-83.99	82.44	184.7	179.38	88.14
Gain (Loss) on Sale of Investments	6.71	8.78	4.73	4.44	-41.15	3.85
Gain (Loss) on Sale of Assets	-1.03	-0.71	25.62	-2.48	-0.13	0.11
Asset Writedown	3.86	-	-	-	-2.72	-1.93
Other Unusual Items	4.11	4.11	13.02	13.81	10.16	13.54
Pretax Income	-57.42	-71.81	125.81	200.48	147.04	103.7
Income Tax Expense	-17.8	-21.15	10.68	17.79	8.75	11.1
Earnings From Continuing Operations	-39.62	-50.66	115.13	182.68	138.29	92.61
Minority Interest in Earnings	1.54	1.12	-2.43	-2.12	-4.22	-2.33
Net Income	-38.08	-49.53	112.7	180.56	134.07	90.28
Net Income to Common	-38.08	-49.53	112.7	180.56	134.07	90.28
Net Income Growth	-	-	-37.59%	34.68%	48.51%	-36.14%
Shares Outstanding (Basic)	503	495	451	420	388	360
Shares Outstanding (Diluted)	503	495	451	420	388	360
Shares Change (YoY)	8.65%	9.88%	7.35%	8.29%	7.71%	-0.69%
EPS (Basic)	-0.08	-0.10	0.25	0.43	0.35	0.25
EPS (Diluted)	-0.08	-0.10	0.25	0.43	0.35	0.25
EPS Growth	-	-	-41.86%	24.37%	38.30%	-35.90%
Free Cash Flow	50.44	-100.83	81.41	13.19	-76.08	-130.72
Free Cash Flow Per Share	0.10	-0.20	0.18	0.03	-0.20	-0.36
Dividend Per Share	-	-	0.066	-	-	-
Gross Margin	11.13%	6.68%	26.12%	28.49%	33.60%	41.78%
Operating Margin	-13.04%	-21.43%	7.09%	13.04%	16.92%	15.67%
Profit Margin	-5.08%	-7.34%	11.51%	14.58%	13.35%	14.35%
Free Cash Flow Margin	6.73%	-14.94%	8.31%	1.06%	-7.57%	-20.78%
EBITDA	62.22	8.7	195.99	283.08	265.28	182.61
EBITDA Margin	8.30%	1.29%	20.01%	22.86%	26.41%	29.02%
D&A For EBITDA	159.97	153.29	126.58	121.57	95.31	84.03
EBIT	-97.75	-144.59	69.41	161.52	169.97	98.58
EBIT Margin	-13.04%	-21.43%	7.09%	13.04%	16.92%	15.67%
Effective Tax Rate	-	-	8.49%	8.88%	5.95%	10.70%
Revenue as Reported	749.44	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.