Ningbo Huaxiang Electronic Co., Ltd. (SHE:002048)

SHE:002048 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	27,096	25,795	22,714	18,934	16,809	15,849
Other Revenue	492.81	529.92	568.9	782.56	778.59	1,044
Revenue	27,589	26,324	23,282	19,716	17,588	16,892
Revenue Growth (YoY)	11.75%	13.07%	18.09%	12.10%	4.12%	-1.18%
Cost of Revenue	23,271	22,171	19,548	16,449	14,289	13,794
Gross Profit	4,317	4,154	3,735	3,267	3,299	3,098
Selling, General & Admin	1,526	1,520	1,275	1,116	1,028	1,299
Research & Development	975.38	953.4	823.45	710.77	640.42	525.5
Other Operating Expenses	149.15	57.53	43.32	104.87	87.02	82.79
Operating Expenses	2,771	2,646	2,250	2,025	1,840	1,934
Operating Income	1,547	1,508	1,485	1,243	1,459	1,165
Interest Expense	-131.41	-126.93	-90.57	-52.28	-48.18	-21.14
Interest & Investment Income	112.23	290.22	291.88	313.21	314.51	265.37
Currency Exchange Gain (Loss)	28.97	-60.62	65.77	31.13	-58.28	-23.58
Other Non Operating Income (Expenses)	-9.38	-10.99	-8.12	-9.18	-11.5	-8.63
EBT Excluding Unusual Items	1,547	1,599	1,744	1,525	1,655	1,377
Impairment of Goodwill	-82.72	-80.29	-86.42	-98.07	-	-94.38
Gain (Loss) on Sale of Investments	-804.89	5.71	-22.27	-45.54	-0.1	-16.81
Gain (Loss) on Sale of Assets	9.18	3.5	0.71	18.66	-1.62	11.73
Asset Writedown	-259.64	-83.04	-28.6	-1.8	-94.42	-58.82
Other Unusual Items	161.24	93.07	99.04	79.4	134.25	114.64
Pretax Income	570.84	1,539	1,710	1,478	1,694	1,333
Income Tax Expense	306.93	283.41	263.33	161.67	171.28	204.81
Earnings From Continuing Operations	263.91	1,256	1,446	1,316	1,522	1,128
Net Income to Company	263.91	1,256	1,446	1,316	1,522	1,128
Minority Interest in Earnings	-219.49	-302.64	-415.98	-331.25	-256.56	-278.84
Net Income	44.42	953.01	1,030	985.12	1,266	849.44
Net Income to Common	44.42	953.01	1,030	985.12	1,266	849.44
Net Income Growth	-95.78%	-7.51%	4.59%	-22.17%	49.00%	-13.42%
Shares Outstanding (Basic)	815	815	811	814	627	625
Shares Outstanding (Diluted)	815	815	811	814	627	625
Shares Change (YoY)	0.67%	0.40%	-0.35%	29.94%	0.32%	-0.05%
EPS (Basic)	0.05	1.17	1.27	1.21	2.02	1.36
EPS (Diluted)	0.05	1.17	1.27	1.21	2.02	1.36
EPS Growth	-95.81%	-7.87%	4.96%	-40.10%	48.53%	-13.38%
Free Cash Flow	1,787	763.38	797.85	408.66	1,336	2,104
Free Cash Flow Per Share	2.19	0.94	0.98	0.50	2.13	3.37
Dividend Per Share	0.469	0.469	0.632	0.250	3.323	0.500
Dividend Growth	-25.79%	-25.79%	152.80%	-92.48%	564.60%	212.50%
Gross Margin	15.65%	15.78%	16.04%	16.57%	18.76%	18.34%
Operating Margin	5.61%	5.73%	6.38%	6.30%	8.29%	6.89%
Profit Margin	0.16%	3.62%	4.42%	5.00%	7.20%	5.03%
Free Cash Flow Margin	6.48%	2.90%	3.43%	2.07%	7.60%	12.46%
EBITDA	2,570	2,352	2,237	1,920	2,073	1,757
EBITDA Margin	9.32%	8.94%	9.61%	9.74%	11.79%	10.40%
D&A For EBITDA	1,024	844.37	752.17	677.33	614.09	592.72
EBIT	1,547	1,508	1,485	1,243	1,459	1,165
EBIT Margin	5.61%	5.73%	6.38%	6.30%	8.29%	6.89%
Effective Tax Rate	53.77%	18.41%	15.40%	10.94%	10.11%	15.36%
Revenue as Reported	27,589	26,324	23,282	19,716	17,588	16,892

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