Shanghai NAR Industrial Co., Ltd (SHE:002825)

Shanghai NAR Industrial 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	1,994	1,896	1,485	1,609	1,752	1,251
Other Revenue	4.35	4.35	2.93	9.35	6.54	2.85
Revenue	1,998	1,900	1,487	1,618	1,759	1,254
Revenue Growth (YoY)	27.86%	27.73%	-8.09%	-7.98%	40.28%	23.25%
Cost of Revenue	1,662	1,590	1,240	1,330	1,455	961.27
Gross Profit	336.77	309.8	247.81	288.1	303.57	292.44
Selling, General & Admin	140.61	141.04	114.62	113.99	105.97	102.49
Research & Development	114.93	106.66	74.49	86.82	85.62	59.65
Other Operating Expenses	4.48	0.12	2.64	6.61	4.01	3.36
Operating Expenses	268.85	256.55	196.6	206.25	202.43	166.86
Operating Income	67.92	53.26	51.2	81.85	101.14	125.58
Interest Expense	-7.59	-7.59	-6.69	-3.31	-2.97	-0.54
Interest & Investment Income	97.47	61.3	59.64	346.1	9.45	8.01
Currency Exchange Gain (Loss)	12.82	12.82	2.96	21.46	-4.84	-7.73
Other Non Operating Income (Expenses)	-2.45	-2.52	-2.04	-1.44	-1.3	-1.02
EBT Excluding Unusual Items	168.17	117.27	105.07	444.66	101.48	124.3
Impairment of Goodwill	-	-	-7.41	-23.64	-	-
Gain (Loss) on Sale of Investments	7.68	3.21	4.73	-4.7	2.31	2.4
Gain (Loss) on Sale of Assets	-0.4	-0.69	-8.86	0.75	0.05	-4.53
Asset Writedown	-0.81	-	-	-0.01	-18.92	-1.57
Other Unusual Items	6.49	7.11	9	7.47	7.67	5.63
Pretax Income	181.13	126.9	102.53	424.52	92.59	126.22
Income Tax Expense	6.35	-1.53	4.63	61.02	4.54	14.22
Earnings From Continuing Operations	174.77	128.43	97.9	363.5	88.05	112
Minority Interest in Earnings	-2.48	-2.09	2.29	-11.52	-26.39	-16.21
Net Income	172.3	126.33	100.19	351.98	61.66	95.8
Net Income to Common	172.3	126.33	100.19	351.98	61.66	95.8
Net Income Growth	67.82%	26.09%	-71.54%	470.87%	-35.64%	125.83%
Shares Outstanding (Basic)	337	332	334	335	332	289
Shares Outstanding (Diluted)	337	332	334	338	332	289
Shares Change (YoY)	1.89%	-0.45%	-1.32%	1.99%	14.90%	4.23%
EPS (Basic)	0.51	0.38	0.30	1.05	0.19	0.33
EPS (Diluted)	0.51	0.38	0.30	1.04	0.19	0.33
EPS Growth	64.72%	26.67%	-71.15%	459.74%	-43.99%	116.66%
Free Cash Flow	22.88	13.82	9.89	-123.67	-25.24	15.27
Free Cash Flow Per Share	0.07	0.04	0.03	-0.36	-0.08	0.05
Dividend Per Share	0.140	0.140	0.120	0.214	0.128	0.204
Dividend Growth	16.50%	16.50%	-43.98%	67.87%	-37.48%	100.29%
Gross Margin	16.85%	16.31%	16.66%	17.80%	17.26%	23.33%
Operating Margin	3.40%	2.80%	3.44%	5.06%	5.75%	10.02%
Profit Margin	8.62%	6.65%	6.74%	21.75%	3.51%	7.64%
Free Cash Flow Margin	1.15%	0.73%	0.66%	-7.64%	-1.44%	1.22%
EBITDA	131.69	113.31	96.34	120.22	139.82	160.8
EBITDA Margin	6.59%	5.96%	6.48%	7.43%	7.95%	12.83%
D&A For EBITDA	63.78	60.05	45.14	38.37	38.67	35.22
EBIT	67.92	53.26	51.2	81.85	101.14	125.58
EBIT Margin	3.40%	2.80%	3.44%	5.06%	5.75%	10.02%
Effective Tax Rate	3.51%	-	4.52%	14.37%	4.90%	11.26%
Revenue as Reported	1,998	1,900	1,487	1,618	1,759	1,254

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