Qingdao East Steel Tower Stock Co.Ltd (SHE:002545)

SHE:002545 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	4,344	4,169	3,973	3,601	2,782	2,635
Other Revenue	20.23	27.16	31.68	14.71	-	16.74
Revenue	4,365	4,196	4,004	3,616	2,782	2,651
Revenue Growth (YoY)	1.36%	4.79%	10.74%	29.99%	4.92%	1.75%
Cost of Revenue	2,999	3,057	2,928	2,316	2,069	2,136
Gross Profit	1,366	1,139	1,077	1,300	712.97	515.39
Selling, General & Admin	166.11	178.88	150.74	135.87	133.15	115.59
Research & Development	62.91	72.53	65.38	70.67	66.1	56.84
Other Operating Expenses	260.64	279.03	74.32	48.39	44.55	43.49
Operating Expenses	493.14	539.94	299.54	266.33	236.82	224.77
Operating Income	872.56	599.48	777.06	1,034	476.15	290.62
Interest Expense	-65.47	-75.92	-61.85	-72.07	-64.13	-64.53
Interest & Investment Income	89.39	95.37	89.64	91.93	71.29	103.31
Currency Exchange Gain (Loss)	75.78	87.57	21.91	33.89	-8.1	-37.73
Other Non Operating Income (Expenses)	-15.57	-17.98	-12.87	-10.87	-5.99	2.21
EBT Excluding Unusual Items	956.69	688.52	813.88	1,077	469.22	293.89
Gain (Loss) on Sale of Investments	0.06	0.06	-2.34	-1.12	31.9	49.08
Gain (Loss) on Sale of Assets	-0.5	-	0.06	0.16	-1.44	-0.84
Asset Writedown	-5.7	-4.97	-11.17	-3.7	-2.58	-0.02
Other Unusual Items	14.14	1.54	8.56	3.68	2.52	16.31
Pretax Income	964.69	685.14	808.99	1,076	499.62	358.42
Income Tax Expense	183.77	121.77	175.22	254.31	97.98	49.4
Earnings From Continuing Operations	780.92	563.37	633.77	821.74	401.64	309.02
Minority Interest in Earnings	1.35	0.89	0	2.76	2.3	-0.12
Net Income	782.27	564.26	633.77	824.5	403.94	308.9
Net Income to Common	782.27	564.26	633.77	824.5	403.94	308.9
Net Income Growth	43.09%	-10.97%	-23.13%	104.12%	30.77%	1.37%
Shares Outstanding (Basic)	1,244	1,244	1,244	1,244	1,244	1,244
Shares Outstanding (Diluted)	1,244	1,244	1,244	1,244	1,244	1,244
Shares Change (YoY)	-0.03%	-0.02%	-	0.01%	-0.00%	-1.20%
EPS (Basic)	0.63	0.45	0.51	0.66	0.32	0.25
EPS (Diluted)	0.63	0.45	0.51	0.66	0.32	0.25
EPS Growth	43.13%	-10.95%	-23.13%	104.10%	30.77%	2.60%
Free Cash Flow	806.04	734.06	902.01	94.8	231.61	80.91
Free Cash Flow Per Share	0.65	0.59	0.72	0.08	0.19	0.07
Dividend Per Share	0.300	0.300	0.300	0.410	0.250	0.100
Dividend Growth	-	-	-26.83%	64.00%	150.00%	25.00%
Gross Margin	31.29%	27.15%	26.88%	35.96%	25.63%	19.44%
Operating Margin	19.99%	14.29%	19.41%	28.60%	17.12%	10.96%
Profit Margin	17.92%	13.45%	15.83%	22.80%	14.52%	11.65%
Free Cash Flow Margin	18.47%	17.49%	22.53%	2.62%	8.33%	3.05%
EBITDA	1,320	1,039	1,144	1,296	711.59	554.15
EBITDA Margin	30.25%	24.77%	28.57%	35.84%	25.58%	20.90%
D&A For EBITDA	447.54	439.84	366.82	261.96	235.43	263.53
EBIT	872.56	599.48	777.06	1,034	476.15	290.62
EBIT Margin	19.99%	14.29%	19.41%	28.60%	17.12%	10.96%
Effective Tax Rate	19.05%	17.77%	21.66%	23.63%	19.61%	13.78%
Revenue as Reported	4,365	4,196	4,004	3,616	2,782	2,651

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