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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	2,355	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	2,381	2,322	1,961	1,712	1,532	1,368
Revenue Growth (YoY)	19.03%	18.41%	14.57%	11.70%	12.00%	13.78%
Cost of Revenue	1,207	1,193	944.49	870.67	791.69	727.98
Gross Profit	1,174	1,129	1,017	840.99	740.69	640.26
Selling, General & Admin	361.32	353.53	342.09	330.94	319.65	277.15
Research & Development	84.77	81.36	78.47	69.06	64.8	65.56
Other Operating Expenses	28.62	27.68	28.12	26.73	22.53	16.22
Operating Expenses	475.01	466.1	426.08	424.59	455.78	367.97
Operating Income	698.85	662.88	590.56	416.4	284.91	272.29
Interest Expense	-15.49	-17.25	-16.3	-22.28	-49.16	-60.25
Interest & Investment Income	46.44	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)	14.03	-6.38	2.65	0.03	-14.7	-14.49
EBT Excluding Unusual Items	740.38	688.09	616.66	411.55	226.53	198.67
Impairment of Goodwill	-	-	-	-	-0.27	-
Gain (Loss) on Sale of Investments	-0.72	-	6.73	0.18	283.01	-1.12
Gain (Loss) on Sale of Assets	-0.95	-1.28	-1.63	0.43	-0.41	185.27
Asset Writedown	-0.21	-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	778.76	726.64	645.78	418.94	517.5	362.43
Income Tax Expense	113.1	106.86	95.12	55.09	96.49	70.87
Earnings From Continuing Operations	665.66	619.78	550.66	363.85	421.01	291.56
Minority Interest in Earnings	-6.93	-5.48	-8.25	-4.41	-4.07	-4.26
Net Income	658.72	614.3	542.41	359.44	416.94	287.3
Net Income to Common	658.72	614.3	542.41	359.44	416.94	287.3
Net Income Growth	19.47%	13.26%	50.90%	-13.79%	45.13%	90.28%
Shares Outstanding (Basic)	890	890	889	856	758	756
Shares Outstanding (Diluted)	890	890	889	856	758	756
Shares Change (YoY)	0.12%	0.12%	3.90%	12.89%	0.27%	0.14%
EPS (Basic)	0.74	0.69	0.61	0.42	0.55	0.38
EPS (Diluted)	0.74	0.69	0.61	0.42	0.55	0.38
EPS Growth	19.33%	13.11%	45.24%	-23.64%	44.74%	90.00%
Free Cash Flow	674.38	775.58	558.66	427.38	173.39	142.03
Free Cash Flow Per Share	0.76	0.87	0.63	0.50	0.23	0.19
Dividend Per Share	0.546	0.546	0.820	0.560	0.300	0.077
Dividend Growth	-33.41%	-33.41%	46.43%	86.67%	289.61%	83.33%
Gross Margin	49.31%	48.62%	51.84%	49.13%	48.34%	46.79%
Operating Margin	29.36%	28.54%	30.11%	24.33%	18.59%	19.90%
Profit Margin	27.67%	26.45%	27.66%	21.00%	27.21%	21.00%
Free Cash Flow Margin	28.33%	33.40%	28.49%	24.97%	11.31%	10.38%
EBITDA	770.52	734.19	660.45	484.07	348.76	318.93
EBITDA Margin	32.37%	31.62%	33.68%	28.28%	22.76%	23.31%
D&A For EBITDA	71.67	71.31	69.89	67.67	63.85	46.64
EBIT	698.85	662.88	590.56	416.4	284.91	272.29
EBIT Margin	29.36%	28.54%	30.11%	24.33%	18.59%	19.90%
Effective Tax Rate	14.52%	14.70%	14.73%	13.15%	18.64%	19.55%
Revenue as Reported	2,381	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.