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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	19,737	20,321	22,110	23,339	24,431	23,184
Other Revenue	299.6	361.4	211.02	230.69	285.72	209.75
Revenue	20,036	20,682	22,321	23,570	24,717	23,394
Revenue Growth (YoY)	-6.84%	-7.34%	-5.30%	-4.64%	5.65%	4.96%
Cost of Revenue	16,991	17,433	18,761	19,940	20,697	19,412
Gross Profit	3,045	3,249	3,560	3,629	4,020	3,982
Selling, General & Admin	1,369	1,423	1,494	1,456	1,438	1,404
Research & Development	732.78	766.25	789.35	789.05	830.67	790.16
Other Operating Expenses	-43.9	-55.16	-110.12	21.46	22.45	86.92
Operating Expenses	2,298	2,360	2,478	2,645	2,969	2,549
Operating Income	747.04	889.05	1,082	983.86	1,051	1,434
Interest Expense	-4.55	-4.36	-5.94	-5.41	-6.2	-8.17
Interest & Investment Income	619.46	645.51	534.59	515.01	514.7	536.78
Currency Exchange Gain (Loss)	-2.92	-4.71	2.14	19.87	-7.14	-29.9
Other Non Operating Income (Expenses)	-20.76	-18.53	4.25	-7.14	-7.55	-5.68
EBT Excluding Unusual Items	1,338	1,507	1,617	1,506	1,545	1,927
Impairment of Goodwill	-4.4	-4.4	-	-	-	-
Gain (Loss) on Sale of Investments	46.41	16.36	21.89	7.57	30.35	0.29
Gain (Loss) on Sale of Assets	4.8	11.94	15.3	37.9	-3.22	-3.3
Asset Writedown	-9.15	-9.11	-	-	-	-0.2
Other Unusual Items	6.65	-33.26	58.99	115.37	-287.3	48.02
Pretax Income	1,383	1,488	1,713	1,667	1,285	1,971
Income Tax Expense	120.99	137.07	150.55	133.12	112.53	185.75
Earnings From Continuing Operations	1,262	1,351	1,563	1,534	1,173	1,786
Minority Interest in Earnings	-359.33	-414.08	-562.77	-552.44	-361.68	-655.78
Net Income	902.24	937.33	999.92	981.47	810.92	1,130
Net Income to Common	902.24	937.33	999.92	981.47	810.92	1,130
Net Income Growth	-6.96%	-6.26%	1.88%	21.03%	-28.23%	0.00%
Shares Outstanding (Basic)	1,023	1,023	1,023	1,023	1,023	1,023
Shares Outstanding (Diluted)	1,023	1,023	1,023	1,023	1,023	1,023
EPS (Basic)	0.88	0.92	0.98	0.96	0.79	1.10
EPS (Diluted)	0.88	0.92	0.98	0.96	0.79	1.10
EPS Growth	-6.96%	-6.26%	1.88%	21.48%	-28.18%	-
Free Cash Flow	588.79	825.18	1,130	545.72	555.94	823.54
Free Cash Flow Per Share	0.58	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	15.20%	15.71%	15.95%	15.40%	16.27%	17.02%
Operating Margin	3.73%	4.30%	4.85%	4.17%	4.25%	6.13%
Profit Margin	4.50%	4.53%	4.48%	4.16%	3.28%	4.83%
Free Cash Flow Margin	2.94%	3.99%	5.06%	2.31%	2.25%	3.52%
EBITDA	988.68	1,114	1,328	1,232	1,286	1,675
EBITDA Margin	4.93%	5.38%	5.95%	5.23%	5.20%	7.16%
D&A For EBITDA	241.64	224.78	246.43	248.63	234.37	241.79
EBIT	747.04	889.05	1,082	983.86	1,051	1,434
EBIT Margin	3.73%	4.30%	4.85%	4.17%	4.25%	6.13%
Effective Tax Rate	8.75%	9.21%	8.79%	7.99%	8.76%	9.42%
Revenue as Reported	20,036	20,682	22,321	23,570	24,717	23,394

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