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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	543.41	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	544.09	541.37	201.83	190.01	243.06	237.12
Revenue Growth (YoY)	177.63%	168.23%	6.22%	-21.82%	2.51%	18.20%
Cost of Revenue	386.13	381.94	87.85	81.77	69.13	75.28
Gross Profit	157.97	159.43	113.98	108.24	173.93	161.83
Selling, General & Admin	41	42.48	40.36	41.51	41.07	28.77
Research & Development	40.43	43.23	40.51	27.73	25.48	21.58
Other Operating Expenses	-2.11	-2.76	-2.71	-2.69	-2.08	-2.72
Operating Expenses	80.69	84.13	79.91	71.4	70.75	47.85
Operating Income	77.27	75.29	34.07	36.84	103.17	113.99
Interest Expense	-0.78	-0.65	-0.1	-0.09	-0.09	-
Interest & Investment Income	4.15	5.61	14.58	21.3	10.54	4.94
Other Non Operating Income (Expenses)	-0.06	-0.06	-0.04	-0.04	-0.35	-0.25
EBT Excluding Unusual Items	80.59	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	-0.27	-	-	-	-	-
Other Unusual Items	0.75	0.75	3.28	7.79	2.96	4.42
Pretax Income	79.84	79.72	51.65	65.77	116.24	123.07
Income Tax Expense	7.78	7.56	4.38	8.77	15.6	17.27
Earnings From Continuing Operations	72.06	72.16	47.26	57	100.64	105.81
Minority Interest in Earnings	1.19	0.88	-0.06	-	-	-
Net Income	73.25	73.04	47.21	57	100.64	105.81
Net Income to Common	73.25	73.04	47.21	57	100.64	105.81
Net Income Growth	89.44%	54.72%	-17.18%	-43.37%	-4.88%	18.21%
Shares Outstanding (Basic)	154	153	154	153	141	115
Shares Outstanding (Diluted)	154	153	154	153	141	115
Shares Change (YoY)	0.91%	-0.72%	0.43%	8.63%	22.30%	0.14%
EPS (Basic)	0.47	0.48	0.31	0.37	0.71	0.92
EPS (Diluted)	0.47	0.48	0.31	0.37	0.71	0.92
EPS Growth	87.73%	55.84%	-17.54%	-47.87%	-22.22%	18.32%
Free Cash Flow	-236.74	-216.52	-71.62	-24.29	-39.36	65.76
Free Cash Flow Per Share	-1.53	-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	29.03%	29.45%	56.47%	56.96%	71.56%	68.25%
Operating Margin	14.20%	13.91%	16.88%	19.39%	42.45%	48.07%
Profit Margin	13.46%	13.49%	23.39%	30.00%	41.41%	44.62%
Free Cash Flow Margin	-43.51%	-40.00%	-35.49%	-12.79%	-16.20%	27.73%
EBITDA	84.79	82.65	40.81	41.78	107.45	117.46
EBITDA Margin	15.58%	15.27%	20.22%	21.99%	44.21%	49.54%
D&A For EBITDA	7.51	7.36	6.73	4.95	4.28	3.47
EBIT	77.27	75.29	34.07	36.84	103.17	113.99
EBIT Margin	14.20%	13.91%	16.88%	19.39%	42.45%	48.07%
Effective Tax Rate	9.74%	9.49%	8.48%	13.34%	13.42%	14.03%
Revenue as Reported	544.09	541.37	201.83	190.01	243.06	237.12

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