Shandong Sunpaper Co., Ltd. (SHE: 002078)

Shandong Sunpaper Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	41,006	39,233	39,275	31,626	21,447	22,609
Other Revenue	311.03	311.03	492.18	533.41	141.44	153.29
Revenue	41,317	39,544	39,767	32,159	21,589	22,763
Revenue Growth (YoY)	5.05%	-0.56%	23.66%	48.96%	-5.16%	4.57%
Cost of Revenue	34,491	33,271	33,758	26,647	17,451	17,701
Gross Profit	6,826	6,274	6,009	5,512	4,137	5,062
Selling, General & Admin	1,159	1,116	1,190	951.14	755.77	1,505
Research & Development	795.79	929.04	780.67	538.18	410.88	412.23
Other Operating Expenses	129.91	175.89	164.55	139.35	97.02	106.24
Operating Expenses	2,105	2,220	2,138	1,619	1,268	2,013
Operating Income	4,721	4,054	3,871	3,893	2,870	3,049
Interest Expense	-626.1	-667.05	-736.53	-602.28	-524.65	-556.26
Interest & Investment Income	62.8	44.8	49.77	72.05	38.52	39.95
Currency Exchange Gain (Loss)	-58.4	-58.4	-89.18	46.88	6.95	-5.92
Other Non Operating Income (Expenses)	-26.81	-69.47	-47.22	-63.2	-64.74	-42.02
EBT Excluding Unusual Items	4,073	3,304	3,048	3,346	2,326	2,485
Impairment of Goodwill	-20.1	-20.1	-	-	-	-
Gain (Loss) on Sale of Investments	7.36	18.18	-5.69	-8.45	-18.19	7.61
Gain (Loss) on Sale of Assets	-194.49	0.37	-8.18	0.31	-7.93	-9.38
Asset Writedown	-34.45	-34.08	-28.67	-33.72	-	-
Other Unusual Items	59.6	51.6	62.88	43.66	78.76	110.41
Pretax Income	3,891	3,320	3,068	3,348	2,378	2,594
Income Tax Expense	469.69	218.57	250.78	408.81	410.46	396.15
Earnings From Continuing Operations	3,421	3,101	2,817	2,939	1,968	2,198
Minority Interest in Earnings	-13.28	-15.35	-8.37	-9.84	-14.74	-19.44
Net Income	3,408	3,086	2,809	2,929	1,953	2,178
Net Income to Common	3,408	3,086	2,809	2,929	1,953	2,178
Net Income Growth	27.28%	9.86%	-4.12%	49.99%	-10.33%	-2.66%
Shares Outstanding (Basic)	2,805	2,805	2,701	2,639	2,604	2,593
Shares Outstanding (Diluted)	2,805	2,805	2,701	2,663	2,604	2,656
Shares Change (YoY)	0.84%	3.87%	1.41%	2.26%	-1.96%	-0.28%
EPS (Basic)	1.21	1.10	1.04	1.11	0.75	0.84
EPS (Diluted)	1.21	1.10	1.04	1.10	0.75	0.82
EPS Growth	26.22%	5.77%	-5.45%	46.67%	-8.54%	-2.38%
Free Cash Flow	2,187	1,843	-888.82	-2,320	307.22	594.55
Free Cash Flow Per Share	0.78	0.66	-0.33	-0.87	0.12	0.22
Dividend Per Share	0.300	0.300	0.200	0.200	0.100	0.100
Dividend Growth	50.00%	50.00%	0%	100.00%	0%	0%
Gross Margin	16.52%	15.86%	15.11%	17.14%	19.16%	22.24%
Operating Margin	11.43%	10.25%	9.73%	12.10%	13.29%	13.40%
Profit Margin	8.25%	7.80%	7.06%	9.11%	9.05%	9.57%
Free Cash Flow Margin	5.29%	4.66%	-2.24%	-7.21%	1.42%	2.61%
EBITDA	6,955	6,207	5,918	5,650	4,303	4,496
EBITDA Margin	16.83%	15.70%	14.88%	17.57%	19.93%	19.75%
D&A For EBITDA	2,233	2,154	2,047	1,757	1,434	1,447
EBIT	4,721	4,054	3,871	3,893	2,870	3,049
EBIT Margin	11.43%	10.25%	9.73%	12.10%	13.29%	13.40%
Effective Tax Rate	12.07%	6.58%	8.17%	12.21%	17.26%	15.27%
Revenue as Reported	80,861	79,089	79,534	32,159	21,589	22,763

Source: S&P Capital IQ. Standard template. Financial Sources.