Shenzhen SED Industry Co., Ltd. (SHE:000032)

Shenzhen SED Industry Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	67,389	56,018	50,710	43,872	31,885
Other Revenue	-	265.91	341.82	262.1	172.37
Revenue	67,389	56,284	51,052	44,134	32,058
Revenue Growth (YoY)	19.73%	10.25%	15.67%	37.67%	19.95%
Cost of Revenue	60,532	49,952	45,245	38,871	27,859
Gross Profit	6,858	6,332	5,807	5,263	4,198
Selling, General & Admin	2,894	2,692	2,725	2,160	1,606
Research & Development	2,071	1,836	1,527	1,056	721.06
Other Operating Expenses	-32.74	1.34	-87.38	-80.33	-20.48
Operating Expenses	4,932	4,884	4,427	3,406	2,635
Operating Income	1,926	1,448	1,380	1,857	1,564
Interest Expense	-	-484.84	-406.47	-333.78	-294.81
Interest & Investment Income	144.93	195.93	140.79	158.38	86.77
Currency Exchange Gain (Loss)	-	0.18	7.18	1.09	-12.03
Other Non Operating Income (Expenses)	-841.04	-101.76	-26.97	-72.1	-49.95
EBT Excluding Unusual Items	1,230	1,057	1,095	1,611	1,294
Impairment of Goodwill	-	-4.5	-	-	-
Gain (Loss) on Sale of Investments	7.73	19.05	65.01	-14.28	-11.5
Gain (Loss) on Sale of Assets	154.72	-1.66	-6.13	11.8	1.32
Asset Writedown	-148.34	0.38	-31.23	-0.62	-1.4
Legal Settlements	-	-12.67	-0.8	-0.73	-6.5
Other Unusual Items	-	286.18	63.3	6.89	3.3
Pretax Income	1,244	1,344	1,185	1,614	1,279
Income Tax Expense	423.58	469.39	467.38	468.44	368.86
Earnings From Continuing Operations	820.04	874.43	717.68	1,146	910.19
Minority Interest in Earnings	-490.32	-544.79	-876.08	-758.68	-696.45
Net Income	329.73	329.64	-158.4	387	213.73
Net Income to Common	329.73	329.64	-158.4	387	213.73
Net Income Growth	0.03%	-	-	81.07%	-12.96%
Shares Outstanding (Basic)	1,138	1,138	1,139	992	710
Shares Outstanding (Diluted)	1,138	1,138	1,139	992	710
Shares Change (YoY)	-0.01%	-0.08%	14.79%	39.80%	1.38%
EPS (Basic)	0.29	0.29	-0.14	0.39	0.30
EPS (Diluted)	0.29	0.29	-0.14	0.39	0.30
EPS Growth	0.03%	-	-	29.53%	-14.14%
Free Cash Flow	286.06	-0.07	-887.62	-297.08	655.38
Free Cash Flow Per Share	0.25	-	-0.78	-0.30	0.92
Dividend Per Share	-	0.110	0.080	0.100	-
Dividend Growth	-	37.50%	-20.00%	-	-
Gross Margin	10.18%	11.25%	11.38%	11.92%	13.10%
Operating Margin	2.86%	2.57%	2.70%	4.21%	4.88%
Profit Margin	0.49%	0.59%	-0.31%	0.88%	0.67%
Free Cash Flow Margin	0.42%	0.00%	-1.74%	-0.67%	2.04%
EBITDA	2,490	1,969	1,766	2,246	1,948
EBITDA Margin	3.69%	3.50%	3.46%	5.09%	6.08%
D&A For EBITDA	564.38	521.22	385.68	388.17	384.02
EBIT	1,926	1,448	1,380	1,857	1,564
EBIT Margin	2.86%	2.57%	2.70%	4.21%	4.88%
Effective Tax Rate	34.06%	34.93%	39.44%	29.02%	28.84%
Revenue as Reported	-	-	-	-	32,058
Advertising Expenses	-	14.38	21.4	24.39	22.85

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