Xizi Clean Energy Equipment Manufacturing Co., Ltd. (SHE:002534)

SHE:002534 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	5,718	6,265	7,910	7,196	6,463	5,308
Other Revenue	171.69	171.69	169.02	147.98	114.65	47.99
Revenue	5,890	6,437	8,079	7,344	6,578	5,356
Revenue Growth (YoY)	-20.06%	-20.33%	10.02%	11.64%	22.83%	36.37%
Cost of Revenue	4,776	5,247	6,872	6,237	5,181	4,160
Gross Profit	1,114	1,189	1,207	1,107	1,397	1,196
Selling, General & Admin	382.58	389.47	450.52	516.62	560.8	384.89
Research & Development	385.93	391.79	419.87	414.26	402.08	304.88
Other Operating Expenses	43.61	18.28	15.18	29.91	-31.82	25.9
Operating Expenses	882.29	948.31	1,032	1,066	945.73	717.7
Operating Income	231.3	241.04	175.27	40.21	451.31	477.95
Interest Expense	-68.16	-91.93	-103.73	-82.47	-31.16	-13.3
Interest & Investment Income	107.35	412.35	157.71	189.61	69.34	224.61
Currency Exchange Gain (Loss)	3.42	3.42	5.58	13.98	-0.4	-11.73
Other Non Operating Income (Expenses)	0.36	-4.85	-5.65	1.36	9.63	-2.72
EBT Excluding Unusual Items	274.26	560.03	229.17	162.7	498.71	674.81
Impairment of Goodwill	-	-	-98.54	-20.41	-	-
Gain (Loss) on Sale of Investments	-10.31	-10.31	-47.38	-0.29	4.24	4
Gain (Loss) on Sale of Assets	-4.19	-1.71	18.46	35.85	-0.05	-0.21
Asset Writedown	-0.13	-5.82	-32.37	26.34	1.78	-40.11
Other Unusual Items	52.74	52.74	59.37	57.79	4.69	54.27
Pretax Income	312.37	594.93	128.72	261.98	509.36	692.77
Income Tax Expense	37.96	86.13	13.17	-0.48	38.99	78.71
Earnings From Continuing Operations	274.41	508.8	115.55	262.46	470.37	614.06
Minority Interest in Earnings	-81.52	-69.01	-60.97	-58.6	-50.08	-98.58
Net Income	192.89	439.79	54.58	203.85	420.29	515.48
Net Income to Common	192.89	439.79	54.58	203.85	420.29	515.48
Net Income Growth	-53.58%	705.74%	-73.22%	-51.50%	-18.47%	40.79%
Shares Outstanding (Basic)	728	733	780	728	725	736
Shares Outstanding (Diluted)	753	758	780	728	725	736
Shares Change (YoY)	-7.77%	-2.76%	7.10%	0.47%	-1.60%	0.57%
EPS (Basic)	0.27	0.60	0.07	0.28	0.58	0.70
EPS (Diluted)	0.26	0.58	0.07	0.28	0.58	0.70
EPS Growth	-49.67%	728.57%	-75.00%	-51.72%	-17.14%	40.00%
Free Cash Flow	594.73	357.66	-114.78	-674.87	-153.44	307.91
Free Cash Flow Per Share	0.79	0.47	-0.15	-0.93	-0.21	0.42
Dividend Per Share	0.200	0.200	0.100	0.100	0.200	0.400
Dividend Growth	100.00%	100.00%	-	-50.00%	-50.00%	-
Gross Margin	18.91%	18.48%	14.94%	15.07%	21.24%	22.32%
Operating Margin	3.93%	3.74%	2.17%	0.55%	6.86%	8.92%
Profit Margin	3.28%	6.83%	0.68%	2.78%	6.39%	9.63%
Free Cash Flow Margin	10.10%	5.56%	-1.42%	-9.19%	-2.33%	5.75%
EBITDA	366.92	391.29	345	170.64	557.44	570.24
EBITDA Margin	6.23%	6.08%	4.27%	2.32%	8.47%	10.65%
D&A For EBITDA	135.62	150.24	169.74	130.43	106.13	92.29
EBIT	231.3	241.04	175.27	40.21	451.31	477.95
EBIT Margin	3.93%	3.74%	2.17%	0.55%	6.86%	8.92%
Effective Tax Rate	12.15%	14.48%	10.23%	-	7.65%	11.36%
Revenue as Reported	5,890	6,437	8,079	7,344	6,578	5,356

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