Luyang Energy-Saving Materials Co., Ltd. (SHE:002088)

SHE:002088 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	3,355	3,513	3,490	3,572	3,149	2,313
Other Revenue	18.36	18.36	28.49	12.23	15.29	13.08
Revenue	3,373	3,532	3,519	3,585	3,164	2,326
Revenue Growth (YoY)	-2.59%	0.38%	-1.85%	13.30%	36.04%	8.32%
Cost of Revenue	2,362	2,456	2,428	2,453	2,069	1,486
Gross Profit	1,011	1,076	1,091	1,132	1,094	839.34
Selling, General & Admin	368.66	385.4	408.03	347.83	339.14	285.79
Research & Development	51.91	74.07	120.87	125.7	133.86	103.01
Other Operating Expenses	1.49	0.77	-5.67	9.73	19.51	26.28
Operating Expenses	454.21	494.85	542.52	504.69	502.96	423.16
Operating Income	557.17	581.39	548	627.1	591.37	416.18
Interest Expense	-1.2	-1.2	-1.18	-6.12	-5.07	-0.31
Interest & Investment Income	5.93	6.19	9.83	32.27	4.9	19.94
Currency Exchange Gain (Loss)	2.18	2.18	-1.7	19.5	-3.3	-4.91
Other Non Operating Income (Expenses)	1.43	-1.05	-1.37	-4.7	14.21	-2.45
EBT Excluding Unusual Items	565.52	587.51	553.57	668.06	602.09	428.45
Gain (Loss) on Sale of Assets	0.04	-0	-0.23	0.59	-1.85	-0.16
Asset Writedown	-4.89	-5.55	-0.08	-24.16	-0.05	-1.97
Other Unusual Items	-3.1	-3.1	2.16	14.78	2.24	-0.21
Pretax Income	557.57	578.86	555.43	659.27	602.43	426.11
Income Tax Expense	99.87	98.74	65.26	75.11	68.25	55.84
Earnings From Continuing Operations	457.7	480.12	490.17	584.16	534.18	370.27
Minority Interest in Earnings	-	-	1.87	-0.51	-	-
Net Income	457.7	480.12	492.04	583.65	534.18	370.27
Net Income to Common	457.7	480.12	492.04	583.65	534.18	370.27
Net Income Growth	-6.23%	-2.42%	-15.70%	9.26%	44.27%	8.82%
Shares Outstanding (Basic)	507	511	507	503	504	500
Shares Outstanding (Diluted)	507	511	507	503	504	500
Shares Change (YoY)	-0.40%	0.69%	0.82%	-0.16%	0.71%	0.83%
EPS (Basic)	0.90	0.94	0.97	1.16	1.06	0.74
EPS (Diluted)	0.90	0.94	0.97	1.16	1.06	0.74
EPS Growth	-5.85%	-3.09%	-16.38%	9.43%	43.24%	7.92%
Free Cash Flow	380.61	483.32	193.34	501.71	449.78	402.04
Free Cash Flow Per Share	0.75	0.95	0.38	1.00	0.89	0.80
Dividend Per Share	0.800	0.800	0.800	0.800	0.700	0.857
Dividend Growth	-	-	-	14.29%	-18.33%	299.95%
Gross Margin	29.98%	30.47%	30.99%	31.57%	34.59%	36.09%
Operating Margin	16.52%	16.46%	15.57%	17.49%	18.69%	17.89%
Profit Margin	13.57%	13.59%	13.98%	16.28%	16.88%	15.92%
Free Cash Flow Margin	11.28%	13.69%	5.50%	14.00%	14.22%	17.29%
EBITDA	652.29	677.28	646.97	746.64	699.13	522.42
EBITDA Margin	19.34%	19.18%	18.39%	20.83%	22.10%	22.46%
D&A For EBITDA	95.12	95.89	98.97	119.54	107.76	106.24
EBIT	557.17	581.39	548	627.1	591.37	416.18
EBIT Margin	16.52%	16.46%	15.57%	17.49%	18.69%	17.89%
Effective Tax Rate	17.91%	17.06%	11.75%	11.39%	11.33%	13.10%
Revenue as Reported	3,373	3,532	3,519	3,585	3,164	2,326
Advertising Expenses	-	1.67	1.08	0.79	1.69	3.05

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