Zhejiang Southeast Space Frame Co., Ltd. (SHE:002135)

SHE:002135 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	9,459	11,062	12,755	11,871	11,047	8,779
Other Revenue	81.12	180.13	245.49	192.98	240.16	477.1
Revenue	9,540	11,242	13,000	12,064	11,287	9,256
Revenue Growth (YoY)	-24.90%	-13.52%	7.76%	6.89%	21.94%	3.12%
Cost of Revenue	8,515	10,082	11,530	10,643	9,803	8,188
Gross Profit	1,025	1,161	1,470	1,422	1,484	1,068
Selling, General & Admin	279.1	293.17	341.76	349.96	305.99	255.65
Research & Development	375.87	445.82	477.27	459.27	402.58	329.81
Other Operating Expenses	24.66	3.08	28.51	44.91	27.24	-1.29
Operating Expenses	789.19	793.38	988.89	1,074	859.27	643.69
Operating Income	236.12	367.37	480.99	348.25	624.51	424.78
Interest Expense	-163.73	-166.83	-136.32	-109.07	-129.55	-81.71
Interest & Investment Income	35.99	28.28	22.62	62.02	16.88	14.9
Currency Exchange Gain (Loss)	2.65	3	0.92	-0.36	-0.02	-0.07
Other Non Operating Income (Expenses)	12.97	-11.49	0.62	4.31	24.17	-2.8
EBT Excluding Unusual Items	124.01	220.34	368.84	305.15	535.99	355.1
Gain (Loss) on Sale of Investments	2.88	-12.91	-2.54	-	0.84	-21.09
Gain (Loss) on Sale of Assets	5.05	-1.9	0.97	1.2	-0.04	0.58
Asset Writedown	-0.02	-0.32	-0.05	-1.52	-1.22	-0.1
Other Unusual Items	34.15	39.41	21.09	65.13	23.64	0.2
Pretax Income	166.07	244.62	388.32	369.96	559.21	334.69
Income Tax Expense	58.45	51.75	56.28	75.98	63.71	71.19
Earnings From Continuing Operations	107.62	192.86	332.04	293.97	495.51	263.49
Minority Interest in Earnings	-3.5	-2.41	-2.69	-3.3	-2.62	7.32
Net Income	104.12	190.45	329.35	290.67	492.89	270.81
Net Income to Common	104.12	190.45	329.35	290.67	492.89	270.81
Net Income Growth	-55.91%	-42.17%	13.31%	-41.03%	82.00%	1.25%
Shares Outstanding (Basic)	1,087	1,134	1,176	1,163	1,027	1,042
Shares Outstanding (Diluted)	1,291	1,487	1,176	1,163	1,027	1,042
Shares Change (YoY)	-1.85%	26.40%	1.17%	13.23%	-1.42%	1.25%
EPS (Basic)	0.10	0.17	0.28	0.25	0.48	0.26
EPS (Diluted)	0.10	0.17	0.28	0.25	0.48	0.26
EPS Growth	-52.68%	-40.24%	12.00%	-47.92%	84.61%	-
Free Cash Flow	-342.21	971.67	-2,211	-1,389	-769.94	-448.41
Free Cash Flow Per Share	-0.27	0.65	-1.88	-1.20	-0.75	-0.43
Dividend Per Share	0.070	0.070	0.100	0.100	0.100	0.027
Dividend Growth	-30.00%	-30.00%	-	-	270.37%	-
Gross Margin	10.75%	10.32%	11.31%	11.79%	13.15%	11.54%
Operating Margin	2.48%	3.27%	3.70%	2.89%	5.53%	4.59%
Profit Margin	1.09%	1.69%	2.53%	2.41%	4.37%	2.93%
Free Cash Flow Margin	-3.59%	8.64%	-17.01%	-11.51%	-6.82%	-4.84%
EBITDA	400.89	647.38	743.73	606.8	853.48	629.54
EBITDA Margin	4.20%	5.76%	5.72%	5.03%	7.56%	6.80%
D&A For EBITDA	164.77	280.01	262.73	258.55	228.97	204.76
EBIT	236.12	367.37	480.99	348.25	624.51	424.78
EBIT Margin	2.48%	3.27%	3.70%	2.89%	5.53%	4.59%
Effective Tax Rate	35.19%	21.16%	14.49%	20.54%	11.39%	21.27%
Revenue as Reported	9,540	11,242	13,000	12,064	11,287	9,256

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.