Shandong Longquan Pipe Industry Co.,Ltd (SHE:002671)

SHE:002671 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	1,530	1,124	1,094	972.3	1,333	828.54
Other Revenue	22.79	22.79	13.53	24.21	42.84	8.23
Revenue	1,553	1,146	1,108	996.5	1,376	836.77
Revenue Growth (YoY)	29.85%	3.52%	11.14%	-27.57%	64.43%	-25.16%
Cost of Revenue	1,075	804.79	814.68	878.15	1,059	631.94
Gross Profit	478.19	341.7	292.86	118.36	317.13	204.83
Selling, General & Admin	204.9	182.87	202.92	265.02	263.68	240.96
Research & Development	17.49	14.99	20.6	20.31	13.08	10.21
Other Operating Expenses	24.27	16.26	11.78	16.27	18	13.97
Operating Expenses	266.37	220.47	239.02	311.48	297.4	285.32
Operating Income	211.82	121.24	53.85	-193.12	19.72	-80.48
Interest Expense	-23.32	-20.55	-23.7	-26.55	-23.07	-27.44
Interest & Investment Income	3.47	2.25	4.55	1.65	37.76	14.64
Currency Exchange Gain (Loss)	0.49	0.49	-0.65	0.44	0.02	-0.17
Other Non Operating Income (Expenses)	-3.66	-3	-6.38	-6.83	-7.92	0.47
EBT Excluding Unusual Items	188.8	100.43	27.66	-224.42	26.52	-92.98
Impairment of Goodwill	-30.89	-30.89	-	-100.01	-	-
Gain (Loss) on Sale of Investments	-0.22	-0.26	-1.02	-180.05	-	-
Gain (Loss) on Sale of Assets	-0.04	0.02	0.18	-6.43	0.03	3.83
Asset Writedown	-20.02	-17.25	-1.23	-147.13	-5.83	-7.09
Other Unusual Items	7.43	4.19	9.63	-4.56	4.88	-3.61
Pretax Income	145.07	56.23	35.22	-662.59	25.6	-99.85
Income Tax Expense	33.94	-8.23	9.74	-14.27	12.58	-0.88
Earnings From Continuing Operations	111.13	64.46	25.49	-648.32	13.02	-98.96
Minority Interest in Earnings	-3.01	1.13	2.3	8.02	4.64	8.91
Net Income	108.12	65.59	27.78	-640.3	17.66	-90.05
Net Income to Common	108.12	65.59	27.78	-640.3	17.66	-90.05
Net Income Growth	3.69%	136.10%	-	-	-	-
Shares Outstanding (Basic)	545	547	556	557	589	500
Shares Outstanding (Diluted)	545	547	556	557	589	500
Shares Change (YoY)	-1.90%	-1.63%	-0.21%	-5.39%	17.64%	39.14%
EPS (Basic)	0.20	0.12	0.05	-1.15	0.03	-0.18
EPS (Diluted)	0.20	0.12	0.05	-1.15	0.03	-0.18
EPS Growth	5.69%	140.00%	-	-	-	-
Free Cash Flow	69.5	14.81	-74.09	-68.4	-131.83	-356.4
Free Cash Flow Per Share	0.13	0.03	-0.13	-0.12	-0.22	-0.71
Gross Margin	30.80%	29.80%	26.44%	11.88%	23.05%	24.48%
Operating Margin	13.64%	10.57%	4.86%	-19.38%	1.43%	-9.62%
Profit Margin	6.96%	5.72%	2.51%	-64.25%	1.28%	-10.76%
Free Cash Flow Margin	4.48%	1.29%	-6.69%	-6.86%	-9.58%	-42.59%
EBITDA	374.96	253.66	145.31	-67.91	144.54	45.71
EBITDA Margin	24.15%	22.12%	13.12%	-6.82%	10.51%	5.46%
D&A For EBITDA	163.14	132.42	91.46	125.21	124.82	126.2
EBIT	211.82	121.24	53.85	-193.12	19.72	-80.48
EBIT Margin	13.64%	10.57%	4.86%	-19.38%	1.43%	-9.62%
Effective Tax Rate	23.40%	-	27.65%	-	49.14%	-
Revenue as Reported	1,553	1,146	1,108	996.5	1,376	836.77
Advertising Expenses	-	0.11	0.14	0.61	1.66	0.29

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