Shanghai Morn Electric Equipment Co., Ltd. (SHE:002451)
China · Delayed Price · Currency is CNY 10.00
+0.09 (0.91%)
May 8, 2026, 1:45 PM CST
SHE:002451 Income Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Dec '21 Dec 31, 2021 |
Operating Revenue | 1,459 | 1,496 | 1,238 | 1,062 | 1,051 | 1,131 |
Other Revenue | 79.73 | 79.73 | 105.96 | 26.16 | 27.06 | 10.99 |
| 1,539 | 1,576 | 1,344 | 1,089 | 1,078 | 1,142 | |
Revenue Growth (YoY) | 4.37% | 17.19% | 23.50% | 0.94% | -5.59% | 151.46% |
Cost of Revenue | 1,384 | 1,432 | 1,228 | 963.11 | 942.54 | 1,015 |
Gross Profit | 154.83 | 143.42 | 116.83 | 125.48 | 135.94 | 127.6 |
Selling, General & Admin | 53.77 | 49.82 | 48.17 | 53.3 | 46.2 | 56.63 |
Research & Development | 46.97 | 47.13 | 42.34 | 34.8 | 33.27 | 34.41 |
Other Operating Expenses | -3.42 | -5.07 | -10.89 | 0.28 | 3 | 1.39 |
Operating Expenses | 99.6 | 94.16 | 84.14 | 96.64 | 90.83 | 99.52 |
Operating Income | 55.24 | 49.26 | 32.69 | 28.84 | 45.12 | 28.08 |
Interest Expense | -27.29 | -27.29 | -21.42 | -23.75 | -23.72 | -17.26 |
Interest & Investment Income | 1.6 | 0.95 | 4.28 | 3.41 | 3.68 | 4.57 |
Currency Exchange Gain (Loss) | -0.51 | -0.51 | 0.34 | 0.02 | 0.01 | -0.04 |
Other Non Operating Income (Expenses) | -0.76 | 0.88 | -4.4 | 1.28 | -7.11 | -4.54 |
EBT Excluding Unusual Items | 28.27 | 23.29 | 11.48 | 9.79 | 17.97 | 10.82 |
Gain (Loss) on Sale of Investments | 0.05 | - | 0.29 | - | - | -0.61 |
Gain (Loss) on Sale of Assets | 4.35 | 3.29 | - | 0.58 | - | - |
Asset Writedown | -0 | -0 | - | -0.01 | -0 | -0 |
Other Unusual Items | 1.4 | 1.4 | 8.74 | 9.12 | 5.34 | 4.1 |
Pretax Income | 34.07 | 27.98 | 20.52 | 19.48 | 23.31 | 14.31 |
Income Tax Expense | 3.45 | 2.14 | -0.89 | 1.42 | 5.83 | -1.06 |
Earnings From Continuing Operations | 30.62 | 25.84 | 21.41 | 18.06 | 17.48 | 15.37 |
Minority Interest in Earnings | -17.27 | -15.26 | -3.54 | -1.89 | -2.81 | -2.52 |
Net Income | 13.34 | 10.58 | 17.87 | 16.16 | 14.67 | 12.85 |
Net Income to Common | 13.34 | 10.58 | 17.87 | 16.16 | 14.67 | 12.85 |
Net Income Growth | -20.69% | -40.79% | 10.57% | 10.20% | 14.15% | 72.21% |
Shares Outstanding (Basic) | 474 | 439 | 447 | 404 | 489 | 428 |
Shares Outstanding (Diluted) | 474 | 439 | 447 | 404 | 489 | 428 |
Shares Change (YoY) | 4.96% | -1.73% | 10.57% | -17.35% | 14.15% | 14.80% |
EPS (Basic) | 0.03 | 0.02 | 0.04 | 0.04 | 0.03 | 0.03 |
EPS (Diluted) | 0.03 | 0.02 | 0.04 | 0.04 | 0.03 | 0.03 |
EPS Growth | -24.44% | -39.75% | - | 33.33% | - | 50.00% |
Free Cash Flow | -124.06 | -80.26 | -74.4 | 110.38 | -123.62 | -419.85 |
Free Cash Flow Per Share | -0.26 | -0.18 | -0.17 | 0.27 | -0.25 | -0.98 |
Dividend Per Share | 0.010 | 0.010 | 0.010 | 0.010 | - | - |
Gross Margin | 10.06% | 9.10% | 8.69% | 11.53% | 12.61% | 11.17% |
Operating Margin | 3.59% | 3.13% | 2.43% | 2.65% | 4.18% | 2.46% |
Profit Margin | 0.87% | 0.67% | 1.33% | 1.49% | 1.36% | 1.13% |
Free Cash Flow Margin | -8.06% | -5.09% | -5.53% | 10.14% | -11.46% | -36.75% |
EBITDA | 95.76 | 90.18 | 75.18 | 66.9 | 82.35 | 66.29 |
EBITDA Margin | 6.22% | 5.72% | 5.59% | 6.14% | 7.64% | 5.80% |
D&A For EBITDA | 40.52 | 40.91 | 42.49 | 38.05 | 37.24 | 38.21 |
EBIT | 55.24 | 49.26 | 32.69 | 28.84 | 45.12 | 28.08 |
EBIT Margin | 3.59% | 3.13% | 2.43% | 2.65% | 4.18% | 2.46% |
Effective Tax Rate | 10.13% | 7.65% | - | 7.31% | 25.02% | - |
Revenue as Reported | 1,576 | 1,576 | 1,344 | 1,089 | 1,078 | 1,142 |
Source: S&P Global Market Intelligence. Standard template. Financial Sources.