Zhejiang Sanhua Intelligent Controls Co.,Ltd (SHE:002050)

SHE:002050 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	27,123	23,942	20,495	15,320	11,665
Other Revenue	824.16	615.74	853.05	700.65	444.46
Revenue	27,947	24,558	21,348	16,021	12,110
Revenue Growth (YoY)	13.80%	15.04%	33.25%	32.30%	7.29%
Cost of Revenue	20,305	17,815	15,875	11,959	8,797
Gross Profit	7,642	6,743	5,473	4,062	3,313
Selling, General & Admin	2,494	2,074	1,780	1,325	1,129
Research & Development	1,352	1,097	988.95	751.14	518.4
Other Operating Expenses	66.36	45.48	77.98	62.69	61.77
Operating Expenses	3,968	3,268	2,944	2,196	1,738
Operating Income	3,674	3,475	2,529	1,866	1,575
Interest Expense	-152.27	-212.08	-233.21	-146.89	-64.73
Interest & Investment Income	130.32	159.15	188.13	304.72	141.31
Currency Exchange Gain (Loss)	83.15	133.52	228.84	-95.99	-112.68
Other Non Operating Income (Expenses)	-8.12	-7.83	-6.22	-4.37	-3.68
EBT Excluding Unusual Items	3,727	3,548	2,706	1,923	1,535
Impairment of Goodwill	-6.79	-0.81	-	-31.96	-
Gain (Loss) on Sale of Investments	-116.31	-83.33	-192.09	3.22	31.85
Gain (Loss) on Sale of Assets	3.02	8.74	459.76	-0.39	-0.49
Asset Writedown	-38.49	-23.26	-14.39	-16.21	-10.41
Other Unusual Items	123.53	104.13	91.85	98.55	135.97
Pretax Income	3,692	3,553	3,051	1,977	1,692
Income Tax Expense	579.96	619.55	443.21	271.8	218.7
Earnings From Continuing Operations	3,112	2,934	2,608	1,705	1,473
Minority Interest in Earnings	-12.56	-12.72	-34.71	-20.78	-11.16
Net Income	3,099	2,921	2,573	1,684	1,462
Net Income to Common	3,099	2,921	2,573	1,684	1,462
Net Income Growth	6.10%	13.51%	52.81%	15.17%	2.88%
Shares Outstanding (Basic)	3,699	3,606	3,574	3,583	3,566
Shares Outstanding (Diluted)	3,707	3,606	3,574	3,583	3,566
Shares Change (YoY)	2.79%	0.90%	-0.25%	0.47%	0.37%
EPS (Basic)	0.84	0.81	0.72	0.47	0.41
EPS (Diluted)	0.84	0.81	0.72	0.47	0.41
EPS Growth	3.45%	12.50%	53.19%	14.63%	2.50%
Free Cash Flow	1,076	978.5	-432.14	-396.19	937.98
Free Cash Flow Per Share	0.29	0.27	-0.12	-0.11	0.26
Dividend Per Share	0.350	0.300	0.300	0.150	0.350
Dividend Growth	16.67%	-	100.00%	-57.14%	203.29%
Gross Margin	27.35%	27.46%	25.64%	25.35%	27.36%
Operating Margin	13.15%	14.15%	11.85%	11.65%	13.00%
Profit Margin	11.09%	11.89%	12.05%	10.51%	12.07%
Free Cash Flow Margin	3.85%	3.98%	-2.02%	-2.47%	7.75%
EBITDA	4,536	4,273	3,094	2,346	1,994
EBITDA Margin	16.23%	17.40%	14.49%	14.64%	16.46%
D&A For EBITDA	862.19	798.27	565.19	480.06	419
EBIT	3,674	3,475	2,529	1,866	1,575
EBIT Margin	13.15%	14.15%	11.85%	11.65%	13.00%
Effective Tax Rate	15.71%	17.44%	14.52%	13.75%	12.93%
Revenue as Reported	27,947	24,558	21,348	16,021	12,110
Advertising Expenses	30.74	24.04	17.67	12.06	12.8

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