Huaming Power Equipment Co.,Ltd (SHE:002270)

SHE:002270 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	2,413	2,296	1,934	1,689	1,508	1,345
Other Revenue	25.82	25.82	26.78	22.33	23.95	22.8
Revenue	2,439	2,322	1,961	1,712	1,532	1,368
Revenue Growth (YoY)	10.60%	18.41%	14.57%	11.70%	12.00%	13.78%
Cost of Revenue	1,151	1,193	944.49	870.67	791.69	727.98
Gross Profit	1,288	1,129	1,017	840.99	740.69	640.26
Selling, General & Admin	400.2	353.53	342.09	330.94	319.65	277.15
Research & Development	97.12	81.36	78.47	69.06	64.8	65.56
Other Operating Expenses	27.3	27.68	28.12	26.73	22.53	16.22
Operating Expenses	528	466.1	426.08	424.59	455.78	367.97
Operating Income	760.03	662.88	590.56	416.4	284.91	272.29
Interest Expense	-12.75	-17.25	-16.3	-22.28	-49.16	-60.25
Interest & Investment Income	33.67	52.3	37.62	15.53	24.05	10.59
Currency Exchange Gain (Loss)	-3.45	-3.45	2.12	1.87	-18.56	-9.47
Other Non Operating Income (Expenses)	0.24	-6.38	2.65	0.03	-14.7	-14.49
EBT Excluding Unusual Items	777.75	688.09	616.66	411.55	226.53	198.67
Impairment of Goodwill	-	-	-	-	-0.27	-
Gain (Loss) on Sale of Investments	-12.75	-	6.73	0.18	283.01	-1.12
Gain (Loss) on Sale of Assets	13.31	-1.28	-1.63	0.43	-0.41	185.27
Asset Writedown	-3.06	-0.45	-0.57	-16.78	-0.67	-55.05
Other Unusual Items	40.27	40.27	24.59	23.56	9.31	34.67
Pretax Income	815.51	726.64	645.78	418.94	517.5	362.43
Income Tax Expense	104.28	106.86	95.12	55.09	96.49	70.87
Earnings From Continuing Operations	711.22	619.78	550.66	363.85	421.01	291.56
Minority Interest in Earnings	-9.74	-5.48	-8.25	-4.41	-4.07	-4.26
Net Income	701.48	614.3	542.41	359.44	416.94	287.3
Net Income to Common	701.48	614.3	542.41	359.44	416.94	287.3
Net Income Growth	21.59%	13.26%	50.90%	-13.79%	45.13%	90.28%
Shares Outstanding (Basic)	897	890	889	856	758	756
Shares Outstanding (Diluted)	897	890	889	856	758	756
Shares Change (YoY)	0.83%	0.12%	3.90%	12.89%	0.27%	0.14%
EPS (Basic)	0.78	0.69	0.61	0.42	0.55	0.38
EPS (Diluted)	0.78	0.69	0.61	0.42	0.55	0.38
EPS Growth	20.58%	13.11%	45.24%	-23.64%	44.74%	90.00%
Free Cash Flow	560.9	775.58	558.66	427.38	173.39	142.03
Free Cash Flow Per Share	0.63	0.87	0.63	0.50	0.23	0.19
Dividend Per Share	0.220	0.546	0.820	0.560	0.300	0.077
Dividend Growth	-74.89%	-33.41%	46.43%	86.67%	289.61%	83.33%
Gross Margin	52.81%	48.62%	51.84%	49.13%	48.34%	46.79%
Operating Margin	31.16%	28.54%	30.11%	24.33%	18.59%	19.90%
Profit Margin	28.76%	26.45%	27.66%	21.00%	27.21%	21.00%
Free Cash Flow Margin	23.00%	33.40%	28.49%	24.97%	11.31%	10.38%
EBITDA	832.41	734.19	660.45	484.07	348.76	318.93
EBITDA Margin	34.13%	31.62%	33.68%	28.28%	22.76%	23.31%
D&A For EBITDA	72.38	71.31	69.89	67.67	63.85	46.64
EBIT	760.03	662.88	590.56	416.4	284.91	272.29
EBIT Margin	31.16%	28.54%	30.11%	24.33%	18.59%	19.90%
Effective Tax Rate	12.79%	14.70%	14.73%	13.15%	18.64%	19.55%
Revenue as Reported	2,439	2,322	1,961	1,712	1,532	1,368
Advertising Expenses	-	6.11	3.96	4.74	0.85	1.68

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