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	8,683	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	8,863	11,242	13,000	12,064	11,287	9,256
Revenue Growth (YoY)	-27.74%	-13.52%	7.76%	6.89%	21.94%	3.12%
Cost of Revenue	7,856	10,082	11,530	10,643	9,803	8,188
Gross Profit	1,007	1,161	1,470	1,422	1,484	1,068
Selling, General & Admin	270.7	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	29.17	3.08	28.51	44.91	27.24	-1.29
Operating Expenses	779.6	793.38	988.89	1,074	859.27	643.69
Operating Income	227.35	367.37	480.99	348.25	624.51	424.78
Interest Expense	-39.33	-166.83	-136.32	-109.07	-129.55	-81.71
Interest & Investment Income	7.01	28.28	22.62	62.02	16.88	14.9
Currency Exchange Gain (Loss)	2.98	3	0.92	-0.36	-0.02	-0.07
Other Non Operating Income (Expenses)	-100.7	-11.49	0.62	4.31	24.17	-2.8
EBT Excluding Unusual Items	97.32	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	33.65	39.41	21.09	65.13	23.64	0.2
Pretax Income	151.24	244.62	388.32	369.96	559.21	334.69
Income Tax Expense	71.88	51.75	56.28	75.98	63.71	71.19
Earnings From Continuing Operations	79.35	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	76.55	190.45	329.35	290.67	492.89	270.81
Net Income to Common	76.55	190.45	329.35	290.67	492.89	270.81
Net Income Growth	-65.33%	-42.17%	13.31%	-41.03%	82.00%	1.25%
Shares Outstanding (Basic)	1,007	1,134	1,176	1,163	1,027	1,042
Shares Outstanding (Diluted)	1,360	1,487	1,176	1,163	1,027	1,042
Shares Change (YoY)	12.20%	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	-50.88%	-40.24%	12.00%	-47.92%	84.61%	-
Free Cash Flow	-1,614	971.67	-2,211	-1,389	-769.94	-448.41
Free Cash Flow Per Share	-1.19	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	11.36%	10.32%	11.31%	11.79%	13.15%	11.54%
Operating Margin	2.56%	3.27%	3.70%	2.89%	5.53%	4.59%
Profit Margin	0.86%	1.69%	2.53%	2.41%	4.37%	2.93%
Free Cash Flow Margin	-18.21%	8.64%	-17.01%	-11.51%	-6.82%	-4.84%
EBITDA	520.33	647.38	743.73	606.8	853.48	629.54
EBITDA Margin	5.87%	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	227.35	367.37	480.99	348.25	624.51	424.78
EBIT Margin	2.56%	3.27%	3.70%	2.89%	5.53%	4.59%
Effective Tax Rate	47.53%	21.16%	14.49%	20.54%	11.39%	21.27%
Revenue as Reported	2,150	11,242	13,000	12,064	11,287	9,256

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