Shanghai Mechanical & Electrical Industry Co.,Ltd. (SHA:900925)

SHA:900925 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	19,345	20,321	22,110	23,339	24,431	23,184
Other Revenue	361.4	361.4	211.02	230.69	285.72	209.75
Revenue	19,706	20,682	22,321	23,570	24,717	23,394
Revenue Growth (YoY)	-5.00%	-7.34%	-5.30%	-4.64%	5.65%	4.96%
Cost of Revenue	16,721	17,433	18,761	19,940	20,697	19,412
Gross Profit	2,986	3,249	3,560	3,629	4,020	3,982
Selling, General & Admin	1,336	1,423	1,494	1,456	1,438	1,404
Research & Development	711.42	766.25	789.35	789.05	830.67	790.16
Other Operating Expenses	-55.58	-55.16	-110.12	21.46	22.45	86.92
Operating Expenses	2,165	2,360	2,478	2,645	2,969	2,549
Operating Income	820.49	889.05	1,082	983.86	1,051	1,434
Interest Expense	-4.15	-4.36	-5.94	-5.41	-6.2	-8.17
Interest & Investment Income	634.39	645.51	534.59	515.01	514.7	536.78
Currency Exchange Gain (Loss)	-4.71	-4.71	2.14	19.87	-7.14	-29.9
Other Non Operating Income (Expenses)	-14.24	-18.53	4.25	-7.14	-7.55	-5.68
EBT Excluding Unusual Items	1,432	1,507	1,617	1,506	1,545	1,927
Impairment of Goodwill	-4.4	-4.4	-	-	-	-
Gain (Loss) on Sale of Investments	25.48	16.36	21.89	7.57	30.35	0.29
Gain (Loss) on Sale of Assets	15.31	11.94	15.3	37.9	-3.22	-3.3
Asset Writedown	-20.58	-9.11	-	-	-	-0.2
Other Unusual Items	-33.26	-33.26	58.99	115.37	-287.3	48.02
Pretax Income	1,414	1,488	1,713	1,667	1,285	1,971
Income Tax Expense	127.62	137.07	150.55	133.12	112.53	185.75
Earnings From Continuing Operations	1,287	1,351	1,563	1,534	1,173	1,786
Minority Interest in Earnings	-372.88	-414.08	-562.77	-552.44	-361.68	-655.78
Net Income	913.82	937.33	999.92	981.47	810.92	1,130
Net Income to Common	913.82	937.33	999.92	981.47	810.92	1,130
Net Income Growth	-0.13%	-6.26%	1.88%	21.03%	-28.23%	0.00%
Shares Outstanding (Basic)	1,019	1,023	1,023	1,023	1,023	1,023
Shares Outstanding (Diluted)	1,019	1,023	1,023	1,023	1,023	1,023
Shares Change (YoY)	-0.99%	-	-	-	-	-
EPS (Basic)	0.90	0.92	0.98	0.96	0.79	1.10
EPS (Diluted)	0.90	0.92	0.98	0.96	0.79	1.10
EPS Growth	0.87%	-6.26%	1.88%	21.48%	-28.18%	-
Free Cash Flow	664.4	825.18	1,130	545.72	555.94	823.54
Free Cash Flow Per Share	0.65	0.81	1.10	0.53	0.54	0.81
Dividend Per Share	0.420	0.420	0.440	0.430	0.290	0.390
Dividend Growth	-34.38%	-4.54%	2.33%	48.28%	-25.64%	5.41%
Gross Margin	15.15%	15.71%	15.95%	15.40%	16.27%	17.02%
Operating Margin	4.16%	4.30%	4.85%	4.17%	4.25%	6.13%
Profit Margin	4.64%	4.53%	4.48%	4.16%	3.28%	4.83%
Free Cash Flow Margin	3.37%	3.99%	5.06%	2.31%	2.25%	3.52%
EBITDA	1,029	1,114	1,328	1,232	1,286	1,675
EBITDA Margin	5.22%	5.38%	5.95%	5.23%	5.20%	7.16%
D&A For EBITDA	208.54	224.78	246.43	248.63	234.37	241.79
EBIT	820.49	889.05	1,082	983.86	1,051	1,434
EBIT Margin	4.16%	4.30%	4.85%	4.17%	4.25%	6.13%
Effective Tax Rate	9.02%	9.21%	8.79%	7.99%	8.76%	9.42%
Revenue as Reported	19,706	20,682	22,321	23,570	24,717	23,394

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