Hangzhou Kelin Electric Co., Ltd. (SHA:688611)

Hangzhou Kelin Electric 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	415.49	540.68	199.04	187.33	237.54	234.75
Other Revenue	0.69	0.69	2.79	2.69	5.51	2.36
Revenue	416.18	541.37	201.83	190.01	243.06	237.12
Revenue Growth (YoY)	13.14%	168.23%	6.22%	-21.82%	2.51%	18.20%
Cost of Revenue	286.6	381.94	87.85	81.77	69.13	75.28
Gross Profit	129.58	159.43	113.98	108.24	173.93	161.83
Selling, General & Admin	40.8	42.48	40.36	41.51	41.07	28.77
Research & Development	39.04	43.23	40.51	27.73	25.48	21.58
Other Operating Expenses	-4.93	-2.76	-2.71	-2.69	-2.08	-2.72
Operating Expenses	74.78	84.13	79.91	71.4	70.75	47.85
Operating Income	54.8	75.29	34.07	36.84	103.17	113.99
Interest Expense	-1.28	-0.65	-0.1	-0.09	-0.09	-
Interest & Investment Income	2.85	5.61	14.58	21.3	10.54	4.94
Other Non Operating Income (Expenses)	0.33	-0.06	-0.04	-0.04	-0.35	-0.25
EBT Excluding Unusual Items	56.7	80.19	48.51	58.01	113.27	118.68
Gain (Loss) on Sale of Assets	-1.23	-1.23	-0.15	-0.03	0.01	-0.02
Asset Writedown	-7.87	-	-	-	-	-
Other Unusual Items	0.75	0.75	3.28	7.79	2.96	4.42
Pretax Income	48.35	79.72	51.65	65.77	116.24	123.07
Income Tax Expense	7.81	7.56	4.38	8.77	15.6	17.27
Earnings From Continuing Operations	40.54	72.16	47.26	57	100.64	105.81
Minority Interest in Earnings	0.67	0.88	-0.06	-	-	-
Net Income	41.21	73.04	47.21	57	100.64	105.81
Net Income to Common	41.21	73.04	47.21	57	100.64	105.81
Net Income Growth	-30.87%	54.72%	-17.18%	-43.37%	-4.88%	18.21%
Shares Outstanding (Basic)	153	153	154	153	141	115
Shares Outstanding (Diluted)	153	153	154	153	141	115
Shares Change (YoY)	709.30%	-0.72%	0.43%	8.63%	22.30%	0.14%
EPS (Basic)	0.27	0.48	0.31	0.37	0.71	0.92
EPS (Diluted)	0.27	0.48	0.31	0.37	0.71	0.92
EPS Growth	-91.46%	55.84%	-17.54%	-47.87%	-22.22%	18.32%
Free Cash Flow	-111.5	-216.52	-71.62	-24.29	-39.36	65.76
Free Cash Flow Per Share	-0.73	-1.42	-0.47	-0.16	-0.28	0.57
Dividend Per Share	0.143	0.143	0.128	0.128	0.547	-
Dividend Growth	11.99%	11.99%	-	-76.66%	-	-
Gross Margin	31.14%	29.45%	56.47%	56.96%	71.56%	68.25%
Operating Margin	13.17%	13.91%	16.88%	19.39%	42.45%	48.07%
Profit Margin	9.90%	13.49%	23.39%	30.00%	41.41%	44.62%
Free Cash Flow Margin	-26.79%	-40.00%	-35.49%	-12.79%	-16.20%	27.73%
EBITDA	62.62	82.65	40.81	41.78	107.45	117.46
EBITDA Margin	15.05%	15.27%	20.22%	21.99%	44.21%	49.54%
D&A For EBITDA	7.82	7.36	6.73	4.95	4.28	3.47
EBIT	54.8	75.29	34.07	36.84	103.17	113.99
EBIT Margin	13.17%	13.91%	16.88%	19.39%	42.45%	48.07%
Effective Tax Rate	16.16%	9.49%	8.48%	13.34%	13.42%	14.03%
Revenue as Reported	416.18	541.37	201.83	190.01	243.06	237.12

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