Dalian Huarui Heavy Industry Group Co., LTD. (SHE:002204)

SHE:002204 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	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	14,983	14,159	11,906	10,229	9,000	8,100
Other Revenue	121.22	121.22	97.51	127.95	108.89	67.97
Revenue	15,104	14,281	12,003	10,357	9,109	8,168
Revenue Growth (YoY)	16.80%	18.98%	15.89%	13.71%	11.52%	13.28%
Cost of Revenue	12,442	11,917	9,859	8,347	7,289	6,492
Gross Profit	2,662	2,363	2,144	2,010	1,820	1,676
Selling, General & Admin	1,037	972.41	916.51	971.92	894.26	858.84
Research & Development	900.22	841.35	846.82	722.84	640.27	494.71
Other Operating Expenses	43.53	-18.55	38.82	71.95	57.1	69.13
Operating Expenses	2,100	1,856	1,885	1,887	1,678	1,443
Operating Income	562.25	507.69	258.74	123.29	141.98	233.14
Interest Expense	-36.39	-41.04	-28.79	-5.68	-7.66	-20
Interest & Investment Income	53.48	55.48	54.92	35.08	26.82	17.38
Earnings From Equity Investments	-0.25	-0.25	-	-	-	-
Currency Exchange Gain (Loss)	15.62	15.62	9.72	105.55	-13.61	-55.04
Other Non Operating Income (Expenses)	-11.33	-18.64	25.22	-23.26	1.37	-61.31
EBT Excluding Unusual Items	583.38	518.86	319.8	234.98	148.91	114.18
Gain (Loss) on Sale of Investments	-8.66	1.25	3.31	-1.95	2.48	-1.36
Gain (Loss) on Sale of Assets	45.91	5.06	28.89	5.88	12.48	1.33
Asset Writedown	17.21	-5.58	-5.44	-8.3	-20.03	-36.18
Legal Settlements	-15.52	-15.52	-4.36	-	-	-1.18
Other Unusual Items	75.07	75.07	63.15	75.05	19.56	22.47
Pretax Income	697.39	579.14	405.35	305.65	163.4	99.26
Income Tax Expense	104.82	81.27	42.25	20.77	65.05	61.45
Earnings From Continuing Operations	592.57	497.87	363.1	284.88	98.34	37.81
Minority Interest in Earnings	-	-	-	3.29	17.05	10.34
Net Income	592.57	497.87	363.1	288.17	115.39	48.14
Net Income to Common	592.57	497.87	363.1	288.17	115.39	48.14
Net Income Growth	33.78%	37.12%	26.00%	149.74%	139.69%	-2.99%
Shares Outstanding (Basic)	1,917	1,922	1,931	1,931	1,933	1,933
Shares Outstanding (Diluted)	1,917	1,922	1,931	1,931	1,933	1,933
Shares Change (YoY)	-0.19%	-0.51%	-0.00%	-0.07%	-0.03%	0.12%
EPS (Basic)	0.31	0.26	0.19	0.15	0.06	0.02
EPS (Diluted)	0.31	0.26	0.19	0.15	0.06	0.02
EPS Growth	34.03%	37.82%	26.00%	149.92%	139.76%	-3.11%
Free Cash Flow	52.32	98.95	-1,048	-48.4	1,425	767.93
Free Cash Flow Per Share	0.03	0.05	-0.54	-0.03	0.74	0.40
Dividend Per Share	0.050	0.050	0.035	0.030	0.030	0.035
Dividend Growth	42.86%	42.86%	16.67%	-	-14.29%	16.67%
Gross Margin	17.62%	16.55%	17.86%	19.41%	19.98%	20.52%
Operating Margin	3.72%	3.55%	2.16%	1.19%	1.56%	2.85%
Profit Margin	3.92%	3.49%	3.02%	2.78%	1.27%	0.59%
Free Cash Flow Margin	0.35%	0.69%	-8.73%	-0.47%	15.64%	9.40%
EBITDA	858.45	770.52	477.07	318.65	351.26	454.42
EBITDA Margin	5.68%	5.40%	3.98%	3.08%	3.86%	5.56%
D&A For EBITDA	296.2	262.83	218.34	195.36	209.28	221.28
EBIT	562.25	507.69	258.74	123.29	141.98	233.14
EBIT Margin	3.72%	3.55%	2.16%	1.19%	1.56%	2.85%
Effective Tax Rate	15.03%	14.03%	10.42%	6.79%	39.81%	61.91%
Revenue as Reported	823.55	-	-	10,357	9,109	8,168

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