Wuxi Double Elephant Micro Fibre Material Co.,Ltd (SHE:002395)

SHE:002395 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	2,431	2,256	1,492	1,377	1,449	1,326
Other Revenue	33.8	33.8	18.88	15.95	20.88	15.8
Revenue	2,465	2,290	1,511	1,393	1,470	1,342
Revenue Growth (YoY)	49.48%	51.55%	8.46%	-5.24%	9.55%	-5.28%
Cost of Revenue	2,116	2,006	1,345	1,347	1,299	1,192
Gross Profit	348.56	283.33	165.38	46.02	170.71	149.49
Selling, General & Admin	67.57	63.6	63.2	49.59	46.6	41.73
Research & Development	86.66	81.48	59.05	48.94	54.43	51.47
Other Operating Expenses	3.31	3.96	0.99	8.37	7.14	6.91
Operating Expenses	156.39	147.9	120.82	109.37	111.13	104.31
Operating Income	192.18	135.44	44.56	-63.35	59.58	45.18
Interest Expense	-2.72	-2.72	-3.7	-3.52	-2.83	-2.61
Interest & Investment Income	5	5.31	6.75	2.14	1.9	2.78
Currency Exchange Gain (Loss)	4.5	4.5	3.78	12.86	-3.48	-12.69
Other Non Operating Income (Expenses)	-2	-4.9	-0.48	-0.5	-0.58	-0.47
EBT Excluding Unusual Items	196.95	137.62	50.91	-52.37	54.58	32.19
Gain (Loss) on Sale of Investments	0.12	-	-0.61	-0.44	-0.8	-
Gain (Loss) on Sale of Assets	362.17	362.17	-	0.11	0.08	4.86
Asset Writedown	-1.54	-	-0	-2.75	-	-
Other Unusual Items	15.15	15.15	11.34	5.87	0.54	9.05
Pretax Income	572.86	514.95	61.63	-49.58	54.6	46.53
Income Tax Expense	51.43	42.94	6.42	-4.12	4.12	4.34
Earnings From Continuing Operations	521.43	472.02	55.22	-45.45	50.48	42.19
Net Income	521.43	472.02	55.22	-45.45	50.48	42.19
Net Income to Common	521.43	472.02	55.22	-45.45	50.48	42.19
Net Income Growth	674.83%	754.84%	-	-	19.66%	39.32%
Shares Outstanding (Basic)	268	268	268	268	268	268
Shares Outstanding (Diluted)	268	268	268	268	268	268
Shares Change (YoY)	-0.02%	0.01%	0.01%	-0.03%	0.01%	-0.00%
EPS (Basic)	1.94	1.76	0.21	-0.17	0.19	0.16
EPS (Diluted)	1.94	1.76	0.21	-0.17	0.19	0.16
EPS Growth	675.02%	754.74%	-	-	19.64%	39.33%
Free Cash Flow	127.95	-9.73	-32.88	-250.62	-212.3	50.07
Free Cash Flow Per Share	0.48	-0.04	-0.12	-0.94	-0.79	0.19
Dividend Per Share	0.150	0.150	0.100	-	-	0.150
Dividend Growth	50.00%	50.00%	-	-	-	-
Gross Margin	14.14%	12.38%	10.95%	3.30%	11.61%	11.14%
Operating Margin	7.80%	5.92%	2.95%	-4.55%	4.05%	3.37%
Profit Margin	21.15%	20.62%	3.65%	-3.26%	3.43%	3.14%
Free Cash Flow Margin	5.19%	-0.43%	-2.18%	-17.99%	-14.44%	3.73%
EBITDA	278.65	219.03	116.63	-11.73	112.34	100.46
EBITDA Margin	11.30%	9.57%	7.72%	-0.84%	7.64%	7.49%
D&A For EBITDA	86.47	83.59	72.07	51.61	52.76	55.28
EBIT	192.18	135.44	44.56	-63.35	59.58	45.18
EBIT Margin	7.80%	5.92%	2.95%	-4.55%	4.05%	3.37%
Effective Tax Rate	8.98%	8.34%	10.41%	-	7.54%	9.33%
Revenue as Reported	2,290	2,290	1,511	1,393	1,470	1,342
Advertising Expenses	-	1.23	2.1	0.24	0.16	0.18

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