Shandong Sunway Chemical Group Co., Ltd. (SHE:002469)

SHE:002469 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	2,571	2,542	2,646	2,589	2,572	664.74
Other Revenue	12.46	12.46	11.62	20.4	59.48	11.22
Revenue	2,583	2,554	2,657	2,610	2,631	675.96
Revenue Growth (YoY)	0.20%	-3.88%	1.82%	-0.82%	289.29%	7.12%
Cost of Revenue	2,025	2,006	2,097	2,102	1,969	461.28
Gross Profit	558.21	548.22	560.88	508.1	662.36	214.68
Selling, General & Admin	142.01	138.35	126.97	116.3	119.23	111.2
Research & Development	113.07	111.8	114.17	101.82	103.01	32.71
Other Operating Expenses	6.71	3.68	5.07	9.16	14.71	5.51
Operating Expenses	262.27	249.51	252.27	211.16	232.25	130.83
Operating Income	295.94	298.71	308.6	296.94	430.11	83.85
Interest Expense	-	-	-0.06	-0.84	-1.7	-1.93
Interest & Investment Income	41.28	43.56	34.44	34.26	28.97	15.09
Currency Exchange Gain (Loss)	0.73	0.73	0.18	0.35	-2.52	-0.14
Other Non Operating Income (Expenses)	-10.26	-9.94	-7.23	-13.91	-25.24	-0.24
EBT Excluding Unusual Items	327.69	333.05	335.95	316.81	429.61	96.63
Impairment of Goodwill	-19.25	-19.25	-	-	-	-
Gain (Loss) on Sale of Investments	1.63	1.63	0.4	0.21	-	-
Gain (Loss) on Sale of Assets	-11.03	-11.03	0.02	0.09	0.11	-
Asset Writedown	-0.15	-0.31	-0.68	-7.02	-0.65	-0.02
Other Unusual Items	1.03	2.03	5.55	6.19	7.85	288.64
Pretax Income	299.93	306.12	341.24	316.28	436.92	385.25
Income Tax Expense	39.52	42.53	51.9	37.91	52.91	13.45
Earnings From Continuing Operations	260.4	263.58	289.34	278.37	384.01	371.8
Minority Interest in Earnings	-3.8	-0.93	-7.15	-4.66	-6.52	1.18
Net Income	256.61	262.65	282.18	273.71	377.49	372.98
Net Income to Common	256.61	262.65	282.18	273.71	377.49	372.98
Net Income Growth	-12.83%	-6.92%	3.10%	-27.49%	1.21%	382.11%
Shares Outstanding (Basic)	657	657	656	652	651	511
Shares Outstanding (Diluted)	657	657	656	652	651	511
Shares Change (YoY)	0.03%	0.06%	0.70%	0.13%	27.38%	-0.94%
EPS (Basic)	0.39	0.40	0.43	0.42	0.58	0.73
EPS (Diluted)	0.39	0.40	0.43	0.42	0.58	0.73
EPS Growth	-12.86%	-6.98%	2.38%	-27.59%	-20.55%	386.67%
Free Cash Flow	269.97	235.24	456.83	440.29	240.35	226.67
Free Cash Flow Per Share	0.41	0.36	0.70	0.68	0.37	0.44
Dividend Per Share	0.400	0.400	0.300	0.250	0.250	0.150
Dividend Growth	33.33%	33.33%	20.00%	-	66.67%	50.00%
Gross Margin	21.61%	21.46%	21.11%	19.47%	25.17%	31.76%
Operating Margin	11.46%	11.70%	11.61%	11.38%	16.35%	12.40%
Profit Margin	9.93%	10.28%	10.62%	10.49%	14.34%	55.18%
Free Cash Flow Margin	10.45%	9.21%	17.19%	16.87%	9.13%	33.53%
EBITDA	353.7	358.86	378.32	369.63	496.73	104.23
EBITDA Margin	13.69%	14.05%	14.24%	14.16%	18.88%	15.42%
D&A For EBITDA	57.76	60.15	69.72	72.69	66.62	20.38
EBIT	295.94	298.71	308.6	296.94	430.11	83.85
EBIT Margin	11.46%	11.70%	11.61%	11.38%	16.35%	12.40%
Effective Tax Rate	13.18%	13.89%	15.21%	11.99%	12.11%	3.49%
Revenue as Reported	2,583	2,554	2,657	2,610	2,631	675.96
Advertising Expenses	-	0.02	0.29	0.02	0.18	0.03

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