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

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