Songz Automobile Air Conditioning Co., Ltd (SHE:002454)

SHE:002454 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	4,805	4,527	4,336	3,897	3,809	3,165
Other Revenue	472.07	472.07	421.85	327.69	314.98	219.11
Revenue	5,277	4,999	4,758	4,225	4,124	3,384
Revenue Growth (YoY)	13.00%	5.05%	12.62%	2.46%	21.87%	-0.65%
Cost of Revenue	4,433	4,249	4,009	3,470	3,365	2,640
Gross Profit	843.73	749.66	749.25	754.66	758.31	743.86
Selling, General & Admin	358.56	352.24	346.87	355.36	371.14	318.66
Research & Development	277.72	281.22	280.28	270.11	253.17	205.12
Other Operating Expenses	0.7	-23.56	21.1	23.33	26.56	24.8
Operating Expenses	637.11	638.07	635.22	660.81	667.22	558
Operating Income	206.62	111.59	114.03	93.86	91.08	185.86
Interest Expense	-2.01	-2.01	-2.78	-2.45	-3.3	-2.62
Interest & Investment Income	36.68	37.2	31.72	24.71	27.27	29.86
Currency Exchange Gain (Loss)	1.04	1.04	2.18	1.16	-2.35	-4.38
Other Non Operating Income (Expenses)	-1.26	0.79	-5.02	-0.58	0.35	-6.14
EBT Excluding Unusual Items	241.06	148.6	140.13	116.7	113.06	202.58
Impairment of Goodwill	-12.41	-12.41	-8	-8.55	-	-15.22
Gain (Loss) on Sale of Investments	11.23	5.34	-18.55	3.44	10.39	0.04
Gain (Loss) on Sale of Assets	-0.23	0.09	0.82	0.51	-0.09	4.37
Asset Writedown	1.76	-1.3	-1.22	-0.88	-3.29	-1.8
Other Unusual Items	36.8	36.8	18.68	12.29	36.92	109.03
Pretax Income	278.22	177.12	131.86	123.51	157	299.01
Income Tax Expense	30.78	16.67	9.95	1.36	16.95	37.89
Earnings From Continuing Operations	247.44	160.45	121.91	122.15	140.04	261.13
Minority Interest in Earnings	-39.82	-23.98	-22.08	-27.26	-27.47	-14.22
Net Income	207.62	136.47	99.84	94.89	112.58	246.91
Net Income to Common	207.62	136.47	99.84	94.89	112.58	246.91
Net Income Growth	54.65%	36.69%	5.21%	-15.71%	-54.41%	39.97%
Shares Outstanding (Basic)	628	620	624	633	625	633
Shares Outstanding (Diluted)	628	620	624	633	625	633
Shares Change (YoY)	2.46%	-0.59%	-1.37%	1.15%	-1.21%	0.49%
EPS (Basic)	0.33	0.22	0.16	0.15	0.18	0.39
EPS (Diluted)	0.33	0.22	0.16	0.15	0.18	0.39
EPS Growth	50.94%	37.50%	6.67%	-16.67%	-53.85%	39.29%
Free Cash Flow	449.83	417.74	183.76	-28.92	361.71	397.67
Free Cash Flow Per Share	0.72	0.67	0.29	-0.05	0.58	0.63
Dividend Per Share	0.250	0.100	0.060	0.030	0.040	0.080
Dividend Growth	316.67%	66.67%	100.00%	-25.00%	-50.00%	33.33%
Gross Margin	15.99%	15.00%	15.75%	17.86%	18.39%	21.98%
Operating Margin	3.91%	2.23%	2.40%	2.22%	2.21%	5.49%
Profit Margin	3.93%	2.73%	2.10%	2.25%	2.73%	7.30%
Free Cash Flow Margin	8.52%	8.36%	3.86%	-0.69%	8.77%	11.75%
EBITDA	330.68	235.97	238.86	212.99	208.53	289.72
EBITDA Margin	6.27%	4.72%	5.02%	5.04%	5.06%	8.56%
D&A For EBITDA	124.06	124.39	124.83	119.13	117.45	103.86
EBIT	206.62	111.59	114.03	93.86	91.08	185.86
EBIT Margin	3.91%	2.23%	2.40%	2.22%	2.21%	5.49%
Effective Tax Rate	11.06%	9.41%	7.54%	1.10%	10.80%	12.67%
Revenue as Reported	5,277	4,999	4,758	4,225	4,124	3,384

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