Shandong High Speed Renewable Energy Group Limited (SHE:000803)

SHE:000803 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	1,464	1,447	2,101	1,790	823.07	344.34
Other Revenue	2.25	2.25	0.87	0.55	3.67	2.54
Revenue	1,467	1,449	2,101	1,791	826.74	346.88
Revenue Growth (YoY)	-20.19%	-31.04%	17.34%	116.62%	138.33%	1374.26%
Cost of Revenue	1,174	1,171	1,798	1,453	580.43	209.14
Gross Profit	292.95	278.23	303.85	337.96	246.31	137.74
Selling, General & Admin	134.61	136.91	119.64	131.97	108.04	84.79
Research & Development	1.09	2.19	11.11	15.73	8.82	2.2
Other Operating Expenses	-25.06	-19.4	-8.43	3.01	1.78	1.19
Operating Expenses	119.83	128.07	141.28	158.58	119.59	89.26
Operating Income	173.12	150.16	162.57	179.39	126.72	48.48
Interest Expense	-123.88	-123.92	-150.9	-80.53	-42.22	-9.77
Interest & Investment Income	2.79	1.28	3.05	3.27	3.45	0.81
Currency Exchange Gain (Loss)	1.52	1.52	-1.48	3.17	0.01	-
Other Non Operating Income (Expenses)	-14.74	-10.34	1.8	-1.34	-7.67	-2.17
EBT Excluding Unusual Items	38.8	18.7	15.03	103.95	80.3	37.35
Impairment of Goodwill	-18.97	-18.97	-	-	-	-
Gain (Loss) on Sale of Investments	-2.01	-2.01	39.29	0.22	0.54	0.01
Gain (Loss) on Sale of Assets	1.52	0.93	0.59	-0.48	0.01	0.03
Asset Writedown	-3.55	-2.98	-11.75	0.1	-	-1.31
Legal Settlements	-	-	-	-	-0.56	-
Other Unusual Items	11.6	11.6	-17.67	4.1	0	31.36
Pretax Income	27.39	7.26	25.49	107.88	80.28	67.45
Income Tax Expense	4.48	4.65	27.69	28.3	-3.28	16.16
Earnings From Continuing Operations	22.91	2.61	-2.2	79.58	83.57	51.29
Minority Interest in Earnings	9.62	10.42	11.05	5.4	-3.06	-6.16
Net Income	32.53	13.04	8.85	84.98	80.51	45.13
Net Income to Common	32.53	13.04	8.85	84.98	80.51	45.13
Net Income Growth	-	47.30%	-89.58%	5.55%	78.38%	-
Shares Outstanding (Basic)	443	435	443	472	403	305
Shares Outstanding (Diluted)	443	435	443	472	403	305
Shares Change (YoY)	1.91%	-1.80%	-6.25%	17.28%	32.00%	22.17%
EPS (Basic)	0.07	0.03	0.02	0.18	0.20	0.15
EPS (Diluted)	0.07	0.03	0.02	0.18	0.20	0.15
EPS Growth	-	50.00%	-88.89%	-10.00%	35.13%	-
Free Cash Flow	201.35	149.21	147.74	-394.55	-247.47	-108.99
Free Cash Flow Per Share	0.46	0.34	0.33	-0.84	-0.61	-0.36
Gross Margin	19.98%	19.20%	14.46%	18.87%	29.79%	39.71%
Operating Margin	11.80%	10.36%	7.74%	10.02%	15.33%	13.98%
Profit Margin	2.22%	0.90%	0.42%	4.75%	9.74%	13.01%
Free Cash Flow Margin	13.73%	10.30%	7.03%	-22.03%	-29.93%	-31.42%
EBITDA	379.32	344.94	311.66	280.26	196.48	69.18
EBITDA Margin	25.86%	23.80%	14.83%	15.65%	23.77%	19.94%
D&A For EBITDA	206.2	194.78	149.09	100.88	69.75	20.7
EBIT	173.12	150.16	162.57	179.39	126.72	48.48
EBIT Margin	11.80%	10.36%	7.74%	10.02%	15.33%	13.98%
Effective Tax Rate	16.35%	64.00%	108.62%	26.24%	-	23.96%
Revenue as Reported	1,467	1,449	2,101	1,791	826.74	346.88
Advertising Expenses	-	0.02	0.07	0.09	0.18	0.01

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