Chuzhou Duoli Automotive Technology Co., Ltd. (SHE:001311)

SHE:001311 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	3,641	3,419	3,694	3,171	2,592	1,584
Other Revenue	173.04	173.04	218.92	184.1	179.71	100.81
Revenue	3,814	3,592	3,913	3,355	2,772	1,684
Revenue Growth (YoY)	4.38%	-8.19%	16.62%	21.03%	64.58%	4.63%
Cost of Revenue	3,210	2,863	3,021	2,547	2,097	1,302
Gross Profit	603.54	728.78	891.21	807.67	674.58	382.4
Selling, General & Admin	151.91	132.75	112.92	91.29	76.94	80.87
Research & Development	132.98	117.95	129.35	124.18	90.12	45
Other Operating Expenses	1.79	-4.53	6.51	20.61	19.53	16.89
Operating Expenses	322.2	274.53	305.1	249.68	198.9	149.2
Operating Income	281.33	454.25	586.11	557.99	475.69	233.21
Interest Expense	-1.99	-2.45	-9.91	-17.83	-16.39	-4.37
Interest & Investment Income	14.4	17.9	22.86	0.96	0.32	1.02
Currency Exchange Gain (Loss)	2.42	2.42	3.27	3.82	2.49	-1.66
Other Non Operating Income (Expenses)	-1.31	0.62	-1.4	-0.28	-0.5	-0.06
EBT Excluding Unusual Items	294.85	472.74	600.93	544.66	461.61	228.14
Impairment of Goodwill	-	-	-5.14	-	-	-
Gain (Loss) on Sale of Investments	0.94	0.94	0.44	-0.3	-3.19	-
Gain (Loss) on Sale of Assets	0.21	0.02	0.32	1.7	-0.02	-
Asset Writedown	-7.38	-	-11.18	-0.43	0.31	0.04
Other Unusual Items	31.97	31.97	20.42	3.72	10.42	10.43
Pretax Income	320.59	505.67	605.79	549.35	469.13	238.61
Income Tax Expense	46.41	82.81	110.06	102.19	83.58	46.6
Earnings From Continuing Operations	274.18	422.86	495.73	447.16	385.55	192.01
Minority Interest in Earnings	0.6	2.07	0.84	-	-	-36.42
Net Income	274.77	424.93	496.57	447.16	385.55	155.59
Net Income to Common	274.77	424.93	496.57	447.16	385.55	155.59
Net Income Growth	-39.13%	-14.43%	11.05%	15.98%	147.80%	-21.90%
Shares Outstanding (Basic)	309	310	301	233	233	219
Shares Outstanding (Diluted)	309	310	301	233	233	219
Shares Change (YoY)	-0.57%	3.18%	29.20%	0.04%	6.21%	-0.38%
EPS (Basic)	0.89	1.37	1.65	1.92	1.66	0.71
EPS (Diluted)	0.89	1.37	1.65	1.92	1.66	0.71
EPS Growth	-38.78%	-17.06%	-14.05%	15.93%	133.32%	-21.61%
Free Cash Flow	-104.06	-105.23	-431.63	-206.73	37.78	240.32
Free Cash Flow Per Share	-0.34	-0.34	-1.44	-0.89	0.16	1.10
Dividend Per Share	0.515	0.515	0.485	0.323	-	-
Dividend Growth	6.22%	6.22%	50.12%	-	-	-
Gross Margin	15.82%	20.29%	22.78%	24.07%	24.34%	22.70%
Operating Margin	7.38%	12.65%	14.98%	16.63%	17.16%	13.84%
Profit Margin	7.20%	11.83%	12.69%	13.33%	13.91%	9.24%
Free Cash Flow Margin	-2.73%	-2.93%	-11.03%	-6.16%	1.36%	14.27%
EBITDA	512.5	643.2	718.77	664.84	563.39	309.77
EBITDA Margin	13.44%	17.91%	18.37%	19.82%	20.32%	18.39%
D&A For EBITDA	231.17	188.95	132.65	106.85	87.71	76.57
EBIT	281.33	454.25	586.11	557.99	475.69	233.21
EBIT Margin	7.38%	12.65%	14.98%	16.63%	17.16%	13.84%
Effective Tax Rate	14.48%	16.38%	18.17%	18.60%	17.82%	19.53%
Revenue as Reported	3,814	3,592	3,913	3,355	2,772	-

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