Ningbo Kangqiang Electronics Co., Ltd (SHE:002119)

SHE:002119 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	2,028	1,951	1,765	1,690	2,179	1,532
Other Revenue	13.57	13.57	14.43	12.52	15.98	16.75
Revenue	2,041	1,965	1,780	1,703	2,195	1,549
Revenue Growth (YoY)	4.29%	10.38%	4.53%	-22.41%	41.71%	9.19%
Cost of Revenue	1,787	1,745	1,563	1,445	1,783	1,261
Gross Profit	253.78	219.41	216.88	257.6	411.74	287.59
Selling, General & Admin	100.72	90.39	87.6	83.36	90.74	104.32
Research & Development	89.11	80.03	72.95	73.57	80.35	61.57
Other Operating Expenses	-35.91	-27.71	-21.17	3.01	9.38	10.84
Operating Expenses	163.07	149.63	145.27	154.6	185.97	178.89
Operating Income	90.71	69.78	71.61	103	225.78	108.7
Interest Expense	-14.73	-17.21	-18.75	-21.61	-28.88	-32.83
Interest & Investment Income	33.07	19.94	17.61	2.4	0.74	6.45
Currency Exchange Gain (Loss)	3.3	3.3	2.31	14.13	-3.5	-6.78
Other Non Operating Income (Expenses)	-2.89	-0.69	-0.4	-0.41	-0.52	-0.39
EBT Excluding Unusual Items	109.47	75.11	72.37	97.52	193.62	75.15
Gain (Loss) on Sale of Investments	4.47	0.55	-1.66	4.52	-1.82	-5.12
Gain (Loss) on Sale of Assets	-10.64	0.33	1.7	2.62	-3.05	0.37
Asset Writedown	-3.93	-0.57	-0.2	-0.28	-1.68	-
Other Unusual Items	5.37	8.11	8.78	4.43	13.65	22.85
Pretax Income	104.74	83.53	80.99	108.81	200.72	93.25
Income Tax Expense	4.55	0.34	0.42	6.83	19.49	5.32
Earnings From Continuing Operations	100.19	83.19	80.58	101.98	181.24	87.93
Net Income	100.19	83.19	80.58	101.98	181.24	87.93
Net Income to Common	100.19	83.19	80.58	101.98	181.24	87.93
Net Income Growth	-0.06%	3.24%	-20.99%	-43.73%	106.11%	-5.03%
Shares Outstanding (Basic)	373	378	384	378	378	382
Shares Outstanding (Diluted)	373	378	384	378	378	382
Shares Change (YoY)	-3.78%	-1.45%	1.59%	0.03%	-1.24%	3.23%
EPS (Basic)	0.27	0.22	0.21	0.27	0.48	0.23
EPS (Diluted)	0.27	0.22	0.21	0.27	0.48	0.23
EPS Growth	3.87%	4.76%	-22.22%	-43.75%	108.70%	-8.00%
Free Cash Flow	166.92	27.64	-21.24	272.92	77.32	113.85
Free Cash Flow Per Share	0.45	0.07	-0.06	0.72	0.20	0.30
Dividend Per Share	0.030	0.030	0.030	0.030	0.050	0.026
Dividend Growth	-	-	-	-40.00%	92.31%	4.00%
Gross Margin	12.43%	11.17%	12.19%	15.13%	18.76%	18.57%
Operating Margin	4.44%	3.55%	4.02%	6.05%	10.29%	7.02%
Profit Margin	4.91%	4.23%	4.53%	5.99%	8.26%	5.68%
Free Cash Flow Margin	8.18%	1.41%	-1.19%	16.03%	3.52%	7.35%
EBITDA	180.62	159.11	160.18	187.21	304.59	181.07
EBITDA Margin	8.85%	8.10%	9.00%	10.99%	13.88%	11.69%
D&A For EBITDA	89.9	89.33	88.57	84.21	78.81	72.37
EBIT	90.71	69.78	71.61	103	225.78	108.7
EBIT Margin	4.44%	3.55%	4.02%	6.05%	10.29%	7.02%
Effective Tax Rate	4.35%	0.40%	0.52%	6.28%	9.71%	5.70%
Revenue as Reported	2,041	1,965	1,780	1,703	2,195	1,549

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