Suzhou Hesheng Special Material Co., Ltd. (SHE:002290)

SHE:002290 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	2,508	2,483	2,298	2,091	2,224	1,787
Other Revenue	43.31	43.31	41.95	42.29	44.92	35.73
Revenue	2,552	2,526	2,340	2,133	2,269	1,822
Revenue Growth (YoY)	3.16%	7.93%	9.71%	-5.97%	24.50%	5.58%
Cost of Revenue	2,205	2,273	2,100	1,896	2,003	1,580
Gross Profit	346.84	252.96	240.58	237.63	265.43	242.75
Selling, General & Admin	67.05	65.89	57.89	50.07	49.98	46.52
Research & Development	96.58	85.51	79.55	69.07	74.79	60.05
Other Operating Expenses	1.05	-10.56	4.52	9.38	7.22	9
Operating Expenses	165.96	144.12	140.69	129.7	130.58	119
Operating Income	180.87	108.85	99.89	107.93	134.85	123.76
Interest Expense	-4.17	-6.8	-16.47	-27	-37.22	-45.6
Interest & Investment Income	4.3	3.67	2.71	1.72	8	2.18
Currency Exchange Gain (Loss)	8.34	8.34	5.41	14.63	-4.87	-7.92
Other Non Operating Income (Expenses)	-3.28	-0.67	0.1	-1.57	0.62	0.42
EBT Excluding Unusual Items	186.06	113.39	91.63	95.7	101.37	72.83
Gain (Loss) on Sale of Investments	-1.23	-0.72	-0.59	-17.7	0.17	-
Gain (Loss) on Sale of Assets	0.06	0.04	-	-0	-	-
Asset Writedown	-4.86	-0.12	-0.22	-	-0.03	0.02
Legal Settlements	-	-	-	-	-0.05	-0.13
Other Unusual Items	-1.67	-1.67	4.89	2.14	-1.1	1.14
Pretax Income	178.35	110.9	95.71	80.14	100.36	73.86
Income Tax Expense	26.73	16.67	12.94	14.21	18.39	18.78
Earnings From Continuing Operations	151.62	94.24	82.77	65.93	81.98	55.08
Minority Interest in Earnings	4.56	3.67	-	-	-	-
Net Income	156.18	97.91	82.77	65.93	81.98	55.08
Net Income to Common	156.18	97.91	82.77	65.93	81.98	55.08
Net Income Growth	86.23%	18.29%	25.54%	-19.57%	48.83%	-
Shares Outstanding (Basic)	326	251	251	244	248	239
Shares Outstanding (Diluted)	326	251	251	244	248	239
Shares Change (YoY)	81.09%	0.09%	2.71%	-1.70%	3.73%	-1.26%
EPS (Basic)	0.48	0.39	0.33	0.27	0.33	0.23
EPS (Diluted)	0.48	0.39	0.33	0.27	0.33	0.23
EPS Growth	2.84%	18.18%	22.22%	-18.18%	43.48%	-
Free Cash Flow	96.4	187.43	222.91	148.66	89.11	74.86
Free Cash Flow Per Share	0.29	0.75	0.89	0.61	0.36	0.31
Gross Margin	13.59%	10.02%	10.28%	11.14%	11.70%	13.32%
Operating Margin	7.09%	4.31%	4.27%	5.06%	5.94%	6.79%
Profit Margin	6.12%	3.88%	3.54%	3.09%	3.61%	3.02%
Free Cash Flow Margin	3.78%	7.42%	9.53%	6.97%	3.93%	4.11%
EBITDA	212.15	138.84	128.17	130.09	159.36	153.38
EBITDA Margin	8.31%	5.50%	5.48%	6.10%	7.02%	8.42%
D&A For EBITDA	31.28	29.99	28.29	22.16	24.51	29.62
EBIT	180.87	108.85	99.89	107.93	134.85	123.76
EBIT Margin	7.09%	4.31%	4.27%	5.06%	5.94%	6.79%
Effective Tax Rate	14.99%	15.03%	13.52%	17.73%	18.32%	25.43%
Revenue as Reported	2,552	2,526	2,340	2,133	2,269	1,822
Advertising Expenses	-	0.44	-	-	-	-

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