Zhongyeda Electric Co., Ltd. (SHE:002441)

Zhongyeda Electric 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	11,311	11,047	11,888	12,102	12,533	10,741
Other Revenue	4.84	20.34	27.32	26.12	25.04	-
Revenue	11,316	11,067	11,915	12,128	12,558	10,741
Revenue Growth (YoY)	-0.34%	-7.12%	-1.76%	-3.43%	16.92%	8.22%
Cost of Revenue	10,384	10,132	10,823	10,965	11,324	9,702
Gross Profit	931.82	935.01	1,092	1,163	1,235	1,040
Selling, General & Admin	659.41	655.55	701.58	685.48	693.23	602.89
Research & Development	34.79	36.44	42.12	44.49	38.26	32.83
Other Operating Expenses	36.98	36.16	37.07	36	37.38	32.78
Operating Expenses	747.3	743.24	788.63	773.38	775.87	676.25
Operating Income	184.52	191.78	303.75	389.59	458.86	363.34
Interest Expense	-11.96	-8.42	-0.8	-1.41	-1.82	-2.4
Interest & Investment Income	23.97	22.69	19.36	13.88	9.69	8.11
Currency Exchange Gain (Loss)	4.53	1.59	-0.04	-0.01	0.08	-0
Other Non Operating Income (Expenses)	31.93	31.79	30.63	31.83	32.9	30.61
EBT Excluding Unusual Items	232.99	239.43	352.89	433.88	499.72	399.66
Impairment of Goodwill	-	-	-10.18	-29.84	-50.05	-34.51
Gain (Loss) on Sale of Investments	1.03	-1.98	-5.33	-3.89	-9.31	-1.26
Gain (Loss) on Sale of Assets	0.08	0.27	4.47	0.32	137.57	-0.34
Asset Writedown	-0.24	-0.24	-0.11	-0.01	-1.46	-0.11
Other Unusual Items	2.89	0.89	7.25	6.87	4.98	8.77
Pretax Income	236.74	238.36	348.99	407.33	581.44	372.21
Income Tax Expense	64.07	63.58	89.13	114.62	157.63	99.76
Earnings From Continuing Operations	172.67	174.78	259.86	292.71	423.81	272.44
Minority Interest in Earnings	-3.67	-5.49	-6.03	2.63	-8.23	-11.38
Net Income	169.01	169.3	253.82	295.34	415.58	261.07
Net Income to Common	169.01	169.3	253.82	295.34	415.58	261.07
Net Income Growth	0.22%	-33.30%	-14.06%	-28.93%	59.19%	15.97%
Shares Outstanding (Basic)	546	546	540	547	547	544
Shares Outstanding (Diluted)	546	546	540	547	547	544
Shares Change (YoY)	0.57%	1.13%	-1.26%	0.02%	0.54%	-0.94%
EPS (Basic)	0.31	0.31	0.47	0.54	0.76	0.48
EPS (Diluted)	0.31	0.31	0.47	0.54	0.76	0.48
EPS Growth	-0.35%	-34.04%	-12.96%	-28.95%	58.33%	17.07%
Free Cash Flow	520.8	618.38	287.96	345.63	-319.74	883.62
Free Cash Flow Per Share	0.95	1.13	0.53	0.63	-0.58	1.63
Dividend Per Share	0.300	0.300	0.300	0.350	0.350	0.250
Dividend Growth	-	-	-14.29%	-	40.00%	13.64%
Gross Margin	8.23%	8.45%	9.17%	9.59%	9.83%	9.68%
Operating Margin	1.63%	1.73%	2.55%	3.21%	3.65%	3.38%
Profit Margin	1.49%	1.53%	2.13%	2.44%	3.31%	2.43%
Free Cash Flow Margin	4.60%	5.59%	2.42%	2.85%	-2.55%	8.23%
EBITDA	221.72	234.78	360.08	440.14	509.1	407.59
EBITDA Margin	1.96%	2.12%	3.02%	3.63%	4.05%	3.79%
D&A For EBITDA	37.2	43	56.33	50.56	50.24	44.25
EBIT	184.52	191.78	303.75	389.59	458.86	363.34
EBIT Margin	1.63%	1.73%	2.55%	3.21%	3.65%	3.38%
Effective Tax Rate	27.06%	26.67%	25.54%	28.14%	27.11%	26.80%
Revenue as Reported	11,316	11,067	11,915	12,128	12,558	10,741
Advertising Expenses	-	11.68	13	12.63	14.93	14.52

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