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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	2,561	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	2,604	2,526	2,340	2,133	2,269	1,822
Revenue Growth (YoY)	8.24%	7.93%	9.71%	-5.97%	24.50%	5.58%
Cost of Revenue	2,309	2,273	2,100	1,896	2,003	1,580
Gross Profit	295.36	252.96	240.58	237.63	265.43	242.75
Selling, General & Admin	67.39	65.89	57.89	50.07	49.98	46.52
Research & Development	92.12	85.51	79.55	69.07	74.79	60.05
Other Operating Expenses	-9.13	-10.56	4.52	9.38	7.22	9
Operating Expenses	156.79	144.12	140.69	129.7	130.58	119
Operating Income	138.57	108.85	99.89	107.93	134.85	123.76
Interest Expense	-5.85	-6.8	-16.47	-27	-37.22	-45.6
Interest & Investment Income	3.36	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)	-2.62	-0.67	0.1	-1.57	0.62	0.42
EBT Excluding Unusual Items	141.8	113.39	91.63	95.7	101.37	72.83
Gain (Loss) on Sale of Investments	-0.83	-0.72	-0.59	-17.7	0.17	-
Gain (Loss) on Sale of Assets	0.04	0.04	-	-0	-	-
Asset Writedown	-2.34	-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	136.99	110.9	95.71	80.14	100.36	73.86
Income Tax Expense	20.39	16.67	12.94	14.21	18.39	18.78
Earnings From Continuing Operations	116.59	94.24	82.77	65.93	81.98	55.08
Minority Interest in Earnings	4.38	3.67	-	-	-	-
Net Income	120.98	97.91	82.77	65.93	81.98	55.08
Net Income to Common	120.98	97.91	82.77	65.93	81.98	55.08
Net Income Growth	30.21%	18.29%	25.54%	-19.57%	48.83%	-
Shares Outstanding (Basic)	248	251	251	244	248	239
Shares Outstanding (Diluted)	248	251	251	244	248	239
Shares Change (YoY)	-0.99%	0.09%	2.71%	-1.70%	3.73%	-1.26%
EPS (Basic)	0.49	0.39	0.33	0.27	0.33	0.23
EPS (Diluted)	0.49	0.39	0.33	0.27	0.33	0.23
EPS Growth	31.51%	18.18%	22.22%	-18.18%	43.48%	-
Free Cash Flow	265.9	187.43	222.91	148.66	89.11	74.86
Free Cash Flow Per Share	1.07	0.75	0.89	0.61	0.36	0.31
Gross Margin	11.34%	10.02%	10.28%	11.14%	11.70%	13.32%
Operating Margin	5.32%	4.31%	4.27%	5.06%	5.94%	6.79%
Profit Margin	4.65%	3.88%	3.54%	3.09%	3.61%	3.02%
Free Cash Flow Margin	10.21%	7.42%	9.53%	6.97%	3.93%	4.11%
EBITDA	168.99	138.84	128.17	130.09	159.36	153.38
EBITDA Margin	6.49%	5.50%	5.48%	6.10%	7.02%	8.42%
D&A For EBITDA	30.42	29.99	28.29	22.16	24.51	29.62
EBIT	138.57	108.85	99.89	107.93	134.85	123.76
EBIT Margin	5.32%	4.31%	4.27%	5.06%	5.94%	6.79%
Effective Tax Rate	14.89%	15.03%	13.52%	17.73%	18.32%	25.43%
Revenue as Reported	2,604	2,526	2,340	2,133	2,269	1,822
Advertising Expenses	-	0.44	-	-	-	-

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