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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	8,686	11,062	12,755	11,871	11,047	8,779
Other Revenue	180.13	180.13	245.49	192.98	240.16	477.1
Revenue	8,866	11,242	13,000	12,064	11,287	9,256
Revenue Growth (YoY)	-27.71%	-13.52%	7.76%	6.89%	21.94%	3.12%
Cost of Revenue	7,855	10,082	11,530	10,643	9,803	8,188
Gross Profit	1,010	1,161	1,470	1,422	1,484	1,068
Selling, General & Admin	271.8	293.17	341.76	349.96	305.99	255.65
Research & Development	364.58	445.82	477.27	459.27	402.58	329.81
Other Operating Expenses	44.85	3.08	28.51	44.91	27.24	-1.29
Operating Expenses	785.7	793.38	988.89	1,074	859.27	643.69
Operating Income	224.8	367.37	480.99	348.25	624.51	424.78
Interest Expense	-162.56	-166.83	-136.32	-109.07	-129.55	-81.71
Interest & Investment Income	32.5	28.28	22.62	62.02	16.88	14.9
Currency Exchange Gain (Loss)	3	3	0.92	-0.36	-0.02	-0.07
Other Non Operating Income (Expenses)	-15.85	-11.49	0.62	4.31	24.17	-2.8
EBT Excluding Unusual Items	81.89	220.34	368.84	305.15	535.99	355.1
Gain (Loss) on Sale of Investments	6.42	-12.91	-2.54	-	0.84	-21.09
Gain (Loss) on Sale of Assets	4.8	-1.9	0.97	1.2	-0.04	0.58
Asset Writedown	9.05	-0.32	-0.05	-1.52	-1.22	-0.1
Other Unusual Items	50.82	39.41	21.09	65.13	23.64	0.2
Pretax Income	152.98	244.62	388.32	369.96	559.21	334.69
Income Tax Expense	72.16	51.75	56.28	75.98	63.71	71.19
Earnings From Continuing Operations	80.82	192.86	332.04	293.97	495.51	263.49
Minority Interest in Earnings	-2.81	-2.41	-2.69	-3.3	-2.62	7.32
Net Income	78.02	190.45	329.35	290.67	492.89	270.81
Net Income to Common	78.02	190.45	329.35	290.67	492.89	270.81
Net Income Growth	-64.43%	-42.17%	13.31%	-41.03%	82.00%	1.25%
Shares Outstanding (Basic)	1,023	1,134	1,176	1,163	1,027	1,042
Shares Outstanding (Diluted)	1,375	1,487	1,176	1,163	1,027	1,042
Shares Change (YoY)	14.89%	26.40%	1.17%	13.23%	-1.42%	1.25%
EPS (Basic)	0.08	0.17	0.28	0.25	0.48	0.26
EPS (Diluted)	0.08	0.17	0.28	0.25	0.48	0.26
EPS Growth	-58.36%	-40.24%	12.00%	-47.92%	84.61%	-
Free Cash Flow	-1,300	971.67	-2,211	-1,389	-769.94	-448.41
Free Cash Flow Per Share	-0.94	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	11.40%	10.32%	11.31%	11.79%	13.15%	11.54%
Operating Margin	2.54%	3.27%	3.70%	2.89%	5.53%	4.59%
Profit Margin	0.88%	1.69%	2.53%	2.41%	4.37%	2.93%
Free Cash Flow Margin	-14.66%	8.64%	-17.01%	-11.51%	-6.82%	-4.84%
EBITDA	517.77	647.38	743.73	606.8	853.48	629.54
EBITDA Margin	5.84%	5.76%	5.72%	5.03%	7.56%	6.80%
D&A For EBITDA	292.97	280.01	262.73	258.55	228.97	204.76
EBIT	224.8	367.37	480.99	348.25	624.51	424.78
EBIT Margin	2.54%	3.27%	3.70%	2.89%	5.53%	4.59%
Effective Tax Rate	47.17%	21.16%	14.49%	20.54%	11.39%	21.27%
Revenue as Reported	8,866	11,242	13,000	12,064	11,287	9,256

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