Shenzhen Desay Battery Technology Co., Ltd. (SHE:000049)

SHE:000049 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	Jan 1, 2022	Jan 1, 2021
Operating Revenue	21,743	20,597	20,044	21,659	19,398	19,266
Other Revenue	262.66	262.66	240.89	89.65	72.41	131.5
Revenue	22,006	20,859	20,285	21,749	19,471	19,398
Revenue Growth (YoY)	3.01%	2.83%	-6.73%	11.70%	0.38%	5.18%
Cost of Revenue	20,178	19,043	18,576	19,690	17,686	17,736
Gross Profit	1,827	1,817	1,709	2,060	1,785	1,662
Selling, General & Admin	534.88	508.94	453.37	510.02	398.07	320.37
Research & Development	974.13	899.18	642.03	550.75	407.05	350.78
Other Operating Expenses	57.98	59.78	53.14	58.73	40.91	49.14
Operating Expenses	1,616	1,505	1,149	1,121	849.83	731.61
Operating Income	211.66	311.23	559.73	938.09	935.05	930.45
Interest Expense	-122.63	-174.89	-515.18	-223.65	-127.52	-196.73
Interest & Investment Income	71.47	133.18	448.17	168.5	108.36	201.18
Currency Exchange Gain (Loss)	32.65	32.65	15.15	61.89	2.13	-18.83
Other Non Operating Income (Expenses)	1.6	-1.59	-1.85	-1	-1.07	-2.14
EBT Excluding Unusual Items	194.76	300.57	506.01	943.83	916.94	913.93
Gain (Loss) on Sale of Investments	6.28	7.9	-6.29	9.58	11.79	-35.25
Gain (Loss) on Sale of Assets	-3.48	-1.39	-1.59	-1.17	-5.03	1.84
Asset Writedown	140.84	-1.11	-1.74	-7.16	-5.4	-5.6
Other Unusual Items	55.09	55.09	42.17	44.35	31.97	44.71
Pretax Income	393.49	361.06	538.56	989.43	950.27	919.64
Income Tax Expense	73.48	63.94	27.53	137.08	156.32	179.36
Earnings From Continuing Operations	320.01	297.12	511.04	852.35	793.94	740.28
Minority Interest in Earnings	97.46	115.89	50.83	13.86	-0.18	-70.58
Net Income	417.47	413.01	561.87	866.21	793.77	669.69
Net Income to Common	417.47	413.01	561.87	866.21	793.77	669.69
Net Income Growth	-0.72%	-26.49%	-35.13%	9.13%	18.53%	33.36%
Shares Outstanding (Basic)	385	385	328	324	300	300
Shares Outstanding (Diluted)	385	385	328	324	300	300
Shares Change (YoY)	2.73%	17.11%	1.35%	8.00%	-0.12%	0.70%
EPS (Basic)	1.09	1.07	1.71	2.67	2.65	2.23
EPS (Diluted)	1.09	1.07	1.71	2.67	2.65	2.23
EPS Growth	-3.36%	-37.23%	-36.00%	1.04%	18.67%	32.43%
Free Cash Flow	57.54	-813.13	1,076	-1,079	-249.55	607.7
Free Cash Flow Per Share	0.15	-2.11	3.28	-3.33	-0.83	2.02
Dividend Per Share	0.330	0.330	0.450	0.650	0.750	0.690
Dividend Growth	-26.67%	-26.67%	-30.77%	-13.33%	8.74%	42.85%
Gross Margin	8.30%	8.71%	8.42%	9.47%	9.17%	8.57%
Operating Margin	0.96%	1.49%	2.76%	4.31%	4.80%	4.80%
Profit Margin	1.90%	1.98%	2.77%	3.98%	4.08%	3.45%
Free Cash Flow Margin	0.26%	-3.90%	5.30%	-4.96%	-1.28%	3.13%
EBITDA	917.35	919.54	1,038	1,220	1,187	1,160
EBITDA Margin	4.17%	4.41%	5.12%	5.61%	6.09%	5.98%
D&A For EBITDA	705.69	608.31	478.47	282.05	251.55	229.92
EBIT	211.66	311.23	559.73	938.09	935.05	930.45
EBIT Margin	0.96%	1.49%	2.76%	4.31%	4.80%	4.80%
Effective Tax Rate	18.68%	17.71%	5.11%	13.86%	16.45%	19.50%
Revenue as Reported	22,006	20,859	20,285	-	-	-
Advertising Expenses	-	29.26	22.44	15.92	12.32	9.71

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