Shanghai Shunho New Materials Technology Co.,Ltd. (SHE:002565)

SHE:002565 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	1,141	1,373	1,304	1,226	1,349	1,374
Other Revenue	144.88	144.88	121.37	185.57	201.19	224.18
Revenue	1,286	1,518	1,425	1,411	1,550	1,599
Revenue Growth (YoY)	-18.68%	6.52%	1.01%	-8.97%	-3.03%	-7.82%
Cost of Revenue	957.26	1,149	1,102	1,126	1,259	1,248
Gross Profit	328.28	369.57	323.8	285.59	291.1	350.25
Selling, General & Admin	220.69	215.7	210.88	231.11	224.02	220.76
Research & Development	59.22	62.59	65.69	67.39	59.2	66.38
Other Operating Expenses	5.79	3.73	3.54	9.99	11.75	11.6
Operating Expenses	287.2	283.3	281.31	309.82	297.41	299.24
Operating Income	41.09	86.27	42.49	-24.23	-6.31	51.01
Interest Expense	-4.99	-5.12	-6.87	-9.5	-13.05	-16.4
Interest & Investment Income	26.64	9.79	7.53	5.84	4.27	28.36
Currency Exchange Gain (Loss)	1.7	1.7	1.61	1.59	-1.54	-3.82
Other Non Operating Income (Expenses)	3.23	-1.12	-2.32	-1.82	-0.67	-5.11
EBT Excluding Unusual Items	67.67	91.52	42.43	-28.12	-17.3	54.05
Gain (Loss) on Sale of Investments	15.52	4.93	-11.98	-10.99	-3.35	-48.82
Gain (Loss) on Sale of Assets	1.07	-0.92	18.52	1.31	0.92	-0.49
Asset Writedown	2.88	-4.45	-2.78	-18.39	-2.43	-4.85
Other Unusual Items	2.13	2.13	7.24	4.55	8.46	23.91
Pretax Income	89.27	93.23	54.27	-51.64	-13.7	23.8
Income Tax Expense	13.7	19.21	14.58	6.22	12.1	9.05
Earnings From Continuing Operations	75.57	74.01	39.69	-57.87	-25.8	14.75
Minority Interest in Earnings	-18.87	-28.68	-11.29	-2.04	-2.49	-6.92
Net Income	56.69	45.34	28.4	-59.9	-28.29	7.83
Net Income to Common	56.69	45.34	28.4	-59.9	-28.29	7.83
Net Income Growth	-3.37%	59.62%	-	-	-	-
Shares Outstanding (Basic)	1,134	1,133	947	998	943	1,058
Shares Outstanding (Diluted)	1,134	1,133	947	998	943	1,058
Shares Change (YoY)	19.91%	19.72%	-5.17%	5.88%	-10.89%	-0.19%
EPS (Basic)	0.05	0.04	0.03	-0.06	-0.03	0.01
EPS (Diluted)	0.05	0.04	0.03	-0.06	-0.03	0.01
EPS Growth	-19.42%	33.33%	-	-	-	-
Free Cash Flow	211.52	272.76	94.1	153.07	175.45	43.6
Free Cash Flow Per Share	0.19	0.24	0.10	0.15	0.19	0.04
Dividend Per Share	0.040	0.040	0.026	-	-	-
Dividend Growth	53.85%	53.85%	-	-	-	-
Gross Margin	25.54%	24.34%	22.72%	20.24%	18.78%	21.91%
Operating Margin	3.20%	5.68%	2.98%	-1.72%	-0.41%	3.19%
Profit Margin	4.41%	2.99%	1.99%	-4.25%	-1.82%	0.49%
Free Cash Flow Margin	16.45%	17.96%	6.60%	10.85%	11.32%	2.73%
EBITDA	113.6	159.47	116.6	57.14	76.04	141.34
EBITDA Margin	8.84%	10.50%	8.18%	4.05%	4.91%	8.84%
D&A For EBITDA	72.51	73.2	74.12	81.37	82.35	90.33
EBIT	41.09	86.27	42.49	-24.23	-6.31	51.01
EBIT Margin	3.20%	5.68%	2.98%	-1.72%	-0.41%	3.19%
Effective Tax Rate	15.35%	20.61%	26.86%	-	-	38.02%
Revenue as Reported	1,286	1,518	1,425	1,411	1,550	1,599
Advertising Expenses	-	4.67	5.45	4.82	6.44	4.67

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.