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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	6,326	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	6,498	6,437	8,079	7,344	6,578	5,356
Revenue Growth (YoY)	-15.38%	-20.33%	10.02%	11.64%	22.83%	36.37%
Cost of Revenue	5,268	5,247	6,872	6,237	5,181	4,160
Gross Profit	1,230	1,189	1,207	1,107	1,397	1,196
Selling, General & Admin	404.83	389.47	450.52	516.62	560.8	384.89
Research & Development	382.27	391.79	419.87	414.26	402.08	304.88
Other Operating Expenses	30.49	18.28	15.18	29.91	-31.82	25.9
Operating Expenses	975.17	948.31	1,032	1,066	945.73	717.7
Operating Income	254.41	241.04	175.27	40.21	451.31	477.95
Interest Expense	-86.67	-91.93	-103.73	-82.47	-31.16	-13.3
Interest & Investment Income	119.96	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)	-6.69	-4.85	-5.65	1.36	9.63	-2.72
EBT Excluding Unusual Items	284.43	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	-2.91	-1.71	18.46	35.85	-0.05	-0.21
Asset Writedown	42.28	-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	366.23	594.93	128.72	261.98	509.36	692.77
Income Tax Expense	56.37	86.13	13.17	-0.48	38.99	78.71
Earnings From Continuing Operations	309.86	508.8	115.55	262.46	470.37	614.06
Minority Interest in Earnings	-74.09	-69.01	-60.97	-58.6	-50.08	-98.58
Net Income	235.77	439.79	54.58	203.85	420.29	515.48
Net Income to Common	235.77	439.79	54.58	203.85	420.29	515.48
Net Income Growth	-18.05%	705.74%	-73.22%	-51.50%	-18.47%	40.79%
Shares Outstanding (Basic)	741	733	780	728	725	736
Shares Outstanding (Diluted)	766	758	780	728	725	736
Shares Change (YoY)	0.87%	-2.76%	7.10%	0.47%	-1.60%	0.57%
EPS (Basic)	0.32	0.60	0.07	0.28	0.58	0.70
EPS (Diluted)	0.31	0.58	0.07	0.28	0.58	0.70
EPS Growth	-18.76%	728.57%	-75.00%	-51.72%	-17.14%	40.00%
Free Cash Flow	586	357.66	-114.78	-674.87	-153.44	307.91
Free Cash Flow Per Share	0.77	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	18.92%	18.48%	14.94%	15.07%	21.24%	22.32%
Operating Margin	3.91%	3.74%	2.17%	0.55%	6.86%	8.92%
Profit Margin	3.63%	6.83%	0.68%	2.78%	6.39%	9.63%
Free Cash Flow Margin	9.02%	5.56%	-1.42%	-9.19%	-2.33%	5.75%
EBITDA	399.78	391.29	345	170.64	557.44	570.24
EBITDA Margin	6.15%	6.08%	4.27%	2.32%	8.47%	10.65%
D&A For EBITDA	145.37	150.24	169.74	130.43	106.13	92.29
EBIT	254.41	241.04	175.27	40.21	451.31	477.95
EBIT Margin	3.91%	3.74%	2.17%	0.55%	6.86%	8.92%
Effective Tax Rate	15.39%	14.48%	10.23%	-	7.65%	11.36%
Revenue as Reported	6,498	6,437	8,079	7,344	6,578	5,356

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