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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	4,803	4,527	4,336	3,897	3,809	3,165
Other Revenue	448.22	472.07	421.85	327.69	314.98	219.11
Revenue	5,252	4,999	4,758	4,225	4,124	3,384
Revenue Growth (YoY)	12.18%	5.05%	12.62%	2.46%	21.87%	-0.65%
Cost of Revenue	4,425	4,249	4,009	3,470	3,365	2,640
Gross Profit	826.71	749.66	749.25	754.66	758.31	743.86
Selling, General & Admin	355.55	352.24	346.87	355.36	371.14	318.66
Research & Development	279.49	281.22	280.28	270.11	253.17	205.12
Other Operating Expenses	-5.09	-23.56	21.1	23.33	26.56	24.8
Operating Expenses	652.92	638.07	635.22	660.81	667.22	558
Operating Income	173.79	111.59	114.03	93.86	91.08	185.86
Interest Expense	-	-2.01	-2.78	-2.45	-3.3	-2.62
Interest & Investment Income	36.51	37.2	31.72	24.71	27.27	29.86
Currency Exchange Gain (Loss)	0.84	1.04	2.18	1.16	-2.35	-4.38
Other Non Operating Income (Expenses)	0.56	0.79	-5.02	-0.58	0.35	-6.14
EBT Excluding Unusual Items	211.7	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	8.76	5.34	-18.55	3.44	10.39	0.04
Gain (Loss) on Sale of Assets	-0.3	0.09	0.82	0.51	-0.09	4.37
Asset Writedown	-3.11	-1.3	-1.22	-0.88	-3.29	-1.8
Other Unusual Items	43.86	36.8	18.68	12.29	36.92	109.03
Pretax Income	248.5	177.12	131.86	123.51	157	299.01
Income Tax Expense	28.18	16.67	9.95	1.36	16.95	37.89
Earnings From Continuing Operations	220.32	160.45	121.91	122.15	140.04	261.13
Minority Interest in Earnings	-33.18	-23.98	-22.08	-27.26	-27.47	-14.22
Net Income	187.14	136.47	99.84	94.89	112.58	246.91
Net Income to Common	187.14	136.47	99.84	94.89	112.58	246.91
Net Income Growth	81.65%	36.69%	5.21%	-15.71%	-54.41%	39.97%
Shares Outstanding (Basic)	625	620	624	633	625	633
Shares Outstanding (Diluted)	625	620	624	633	625	633
Shares Change (YoY)	1.81%	-0.59%	-1.37%	1.15%	-1.21%	0.49%
EPS (Basic)	0.30	0.22	0.16	0.15	0.18	0.39
EPS (Diluted)	0.30	0.22	0.16	0.15	0.18	0.39
EPS Growth	78.41%	37.50%	6.67%	-16.67%	-53.85%	39.29%
Free Cash Flow	301.79	417.74	183.76	-28.92	361.71	397.67
Free Cash Flow Per Share	0.48	0.67	0.29	-0.05	0.58	0.63
Dividend Per Share	0.100	0.100	0.060	0.030	0.040	0.080
Dividend Growth	66.67%	66.67%	100.00%	-25.00%	-50.00%	33.33%
Gross Margin	15.74%	15.00%	15.75%	17.86%	18.39%	21.98%
Operating Margin	3.31%	2.23%	2.40%	2.22%	2.21%	5.49%
Profit Margin	3.56%	2.73%	2.10%	2.25%	2.73%	7.30%
Free Cash Flow Margin	5.75%	8.36%	3.86%	-0.69%	8.77%	11.75%
EBITDA	298.33	235.97	238.86	212.99	208.53	289.72
EBITDA Margin	5.68%	4.72%	5.02%	5.04%	5.06%	8.56%
D&A For EBITDA	124.55	124.39	124.83	119.13	117.45	103.86
EBIT	173.79	111.59	114.03	93.86	91.08	185.86
EBIT Margin	3.31%	2.23%	2.40%	2.22%	2.21%	5.49%
Effective Tax Rate	11.34%	9.41%	7.54%	1.10%	10.80%	12.67%
Revenue as Reported	5,252	4,999	4,758	4,225	4,124	3,384

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