Suzhou Veichi Electric Co., Ltd. (SHA:688698)

Suzhou Veichi 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	1,797	1,604	1,272	871.37	789.74	560.34
Other Revenue	36.41	36.41	32.94	34.62	29.14	11.89
Revenue	1,833	1,640	1,305	905.99	818.87	572.23
Revenue Growth (YoY)	20.89%	25.70%	44.03%	10.64%	43.10%	28.23%
Cost of Revenue	1,153	1,005	817.96	585.53	553.09	362.29
Gross Profit	680.39	635.6	486.92	320.46	265.78	209.94
Selling, General & Admin	220.9	207.1	143.17	106.48	79.53	67.78
Research & Development	227.22	217.14	163.49	106.86	75.9	52.61
Other Operating Expenses	-25.85	-18.26	-9.59	-9.89	-12.04	-9.52
Operating Expenses	440.54	420.96	310.99	210.42	150.02	114.04
Operating Income	239.85	214.64	175.93	110.04	115.76	95.9
Interest Expense	-3.3	-2.01	-1.11	-0.47	-0.17	-0.89
Interest & Investment Income	25.47	25.91	17.73	12.62	10.78	0.84
Currency Exchange Gain (Loss)	3.91	3.91	0.27	1.58	-0.54	-2.62
Other Non Operating Income (Expenses)	-1.8	-1.97	-1.86	-0.83	-0.41	-0.17
EBT Excluding Unusual Items	264.12	240.49	190.95	122.93	125.42	93.06
Impairment of Goodwill	-0.95	-0.95	-	-	-	-
Gain (Loss) on Sale of Assets	-0.01	-0.47	-0.1	-0.31	-0.81	-
Asset Writedown	1.28	-	-	-	-	-0.05
Other Unusual Items	4.71	4.71	8.23	24.6	12.24	4.31
Pretax Income	268.47	243.79	199.08	147.22	136.85	97.32
Income Tax Expense	10.42	2.05	10.5	9.15	10.35	9.77
Earnings From Continuing Operations	258.05	241.73	188.58	138.07	126.5	87.56
Minority Interest in Earnings	1.16	3.29	2.22	1.83	0.25	-
Net Income	259.2	245.03	190.8	139.9	126.74	87.56
Net Income to Common	259.2	245.03	190.8	139.9	126.74	87.56
Net Income Growth	6.10%	28.42%	36.38%	10.38%	44.76%	52.13%
Shares Outstanding (Basic)	212	211	187	179	181	135
Shares Outstanding (Diluted)	212	211	189	179	181	135
Shares Change (YoY)	0.41%	11.81%	5.33%	-0.94%	34.42%	0.64%
EPS (Basic)	1.22	1.16	1.02	0.78	0.70	0.65
EPS (Diluted)	1.22	1.16	1.01	0.78	0.70	0.65
EPS Growth	5.66%	14.85%	29.49%	11.43%	7.69%	51.16%
Free Cash Flow	-36.42	0.73	-177.2	89.29	-11.38	41.23
Free Cash Flow Per Share	-0.17	0.00	-0.94	0.50	-0.06	0.31
Dividend Per Share	0.420	0.412	0.280	0.250	0.176	0.122
Dividend Growth	-0.47%	47.14%	12.00%	42.05%	44.26%	74.29%
Gross Margin	37.12%	38.75%	37.32%	35.37%	32.46%	36.69%
Operating Margin	13.08%	13.09%	13.48%	12.15%	14.14%	16.76%
Profit Margin	14.14%	14.94%	14.62%	15.44%	15.48%	15.30%
Free Cash Flow Margin	-1.99%	0.04%	-13.58%	9.86%	-1.39%	7.21%
EBITDA	275.15	244.16	197.74	126.34	129.41	106.49
EBITDA Margin	15.01%	14.89%	15.15%	13.94%	15.80%	18.61%
D&A For EBITDA	35.29	29.52	21.81	16.3	13.65	10.59
EBIT	239.85	214.64	175.93	110.04	115.76	95.9
EBIT Margin	13.08%	13.09%	13.48%	12.15%	14.14%	16.76%
Effective Tax Rate	3.88%	0.84%	5.27%	6.21%	7.57%	10.04%
Revenue as Reported	1,833	1,640	1,305	905.99	818.87	572.23
Advertising Expenses	-	9.35	4.63	2.73	1.75	2.37

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