Shaoxing Xingxin New Material Co.,Ltd (SHE:001358)

SHE:001358 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	Dec 31, 2021	Dec 31, 2020
Operating Revenue	491.97	467.85	630.02	774.22	506.14	372.98
Other Revenue	0.29	0.29	0.22	0.25	0.31	0.5
Revenue	492.26	468.14	630.24	774.47	506.44	373.48
Revenue Growth (YoY)	7.04%	-25.72%	-18.62%	52.92%	35.60%	20.07%
Cost of Revenue	352.6	322.81	412.15	464.27	314.49	263.53
Gross Profit	139.66	145.33	218.1	310.2	191.95	109.94
Selling, General & Admin	60.52	51.91	39.47	41.45	34.55	30.3
Research & Development	24.22	20.52	25.51	29.12	18.78	12.25
Other Operating Expenses	7.09	4.09	3.8	5.23	4.17	3.84
Operating Expenses	92.35	76.47	68.28	76.53	56.74	46.4
Operating Income	47.31	68.86	149.81	233.67	135.21	63.54
Interest Expense	-0.38	-0.49	-1.42	-1.93	-2.64	-2.45
Interest & Investment Income	16.94	20.18	2.76	1.12	0.36	0.49
Currency Exchange Gain (Loss)	0.86	0.86	1.2	6.12	-0.61	-2.18
Other Non Operating Income (Expenses)	-0.81	-0.59	-0.07	-0.45	-0.28	-0.49
EBT Excluding Unusual Items	63.92	88.83	152.28	238.52	132.04	58.91
Gain (Loss) on Sale of Investments	-1.25	-	-	-	-	-
Gain (Loss) on Sale of Assets	0.47	0.35	-	-	-	-
Asset Writedown	-0.05	-0.15	-0.03	-1.64	-0.02	-0.14
Other Unusual Items	8.06	3.94	3.09	4.04	0.77	1.69
Pretax Income	71.14	92.97	155.35	240.92	132.8	60.47
Income Tax Expense	12.09	14.35	13.77	32.03	17.26	9.19
Earnings From Continuing Operations	59.05	78.62	141.58	208.9	115.54	51.28
Minority Interest in Earnings	4.57	2.53	-	-	-	-
Net Income	63.62	81.15	141.58	208.9	115.54	51.28
Net Income to Common	63.62	81.15	141.58	208.9	115.54	51.28
Net Income Growth	-15.28%	-42.68%	-32.23%	80.81%	125.32%	-14.28%
Shares Outstanding (Basic)	122	123	93	92	92	92
Shares Outstanding (Diluted)	122	123	93	92	92	92
Shares Change (YoY)	6.51%	32.88%	0.30%	-0.19%	0.42%	-0.39%
EPS (Basic)	0.52	0.66	1.53	2.26	1.25	0.56
EPS (Diluted)	0.52	0.66	1.53	2.26	1.25	0.56
EPS Growth	-20.46%	-56.86%	-32.43%	81.14%	124.38%	-13.95%
Free Cash Flow	-8.53	42.18	85.49	96.63	47.17	21.57
Free Cash Flow Per Share	-0.07	0.34	0.92	1.05	0.51	0.23
Dividend Per Share	0.500	0.500	1.200	-	-	-
Dividend Growth	-58.33%	-58.33%	-	-	-	-
Gross Margin	28.37%	31.05%	34.61%	40.05%	37.90%	29.44%
Operating Margin	9.61%	14.71%	23.77%	30.17%	26.70%	17.01%
Profit Margin	12.92%	17.34%	22.46%	26.97%	22.81%	13.73%
Free Cash Flow Margin	-1.73%	9.01%	13.56%	12.48%	9.31%	5.78%
EBITDA	82.4	99.77	175.13	257.81	157.96	83.84
EBITDA Margin	16.74%	21.31%	27.79%	33.29%	31.19%	22.45%
D&A For EBITDA	35.09	30.9	25.32	24.15	22.75	20.29
EBIT	47.31	68.86	149.81	233.67	135.21	63.54
EBIT Margin	9.61%	14.71%	23.77%	30.17%	26.70%	17.01%
Effective Tax Rate	16.99%	15.43%	8.87%	13.29%	13.00%	15.20%
Revenue as Reported	492.26	468.14	630.24	774.47	507.99	373.62
Advertising Expenses	-	2.33	1.01	0.01	0.09	0

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