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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	1,933	1,896	1,485	1,609	1,752	1,251
Other Revenue	5.62	4.35	2.93	9.35	6.54	2.85
Revenue	1,938	1,900	1,487	1,618	1,759	1,254
Revenue Growth (YoY)	10.34%	27.73%	-8.09%	-7.98%	40.28%	23.25%
Cost of Revenue	1,585	1,590	1,240	1,330	1,455	961.27
Gross Profit	353.19	309.8	247.81	288.1	303.57	292.44
Selling, General & Admin	141.22	141.04	114.62	113.99	105.97	102.49
Research & Development	121.53	106.66	74.49	86.82	85.62	59.65
Other Operating Expenses	5.69	0.12	2.64	6.61	4.01	3.36
Operating Expenses	268.2	256.55	196.6	206.25	202.43	166.86
Operating Income	85	53.26	51.2	81.85	101.14	125.58
Interest Expense	-8.51	-7.59	-6.69	-3.31	-2.97	-0.54
Interest & Investment Income	93.37	61.3	59.64	346.1	9.45	8.01
Currency Exchange Gain (Loss)	11.46	12.82	2.96	21.46	-4.84	-7.73
Other Non Operating Income (Expenses)	-2.9	-2.52	-2.04	-1.44	-1.3	-1.02
EBT Excluding Unusual Items	178.41	117.27	105.07	444.66	101.48	124.3
Impairment of Goodwill	-	-	-7.41	-23.64	-	-
Gain (Loss) on Sale of Investments	9.32	3.21	4.73	-4.7	2.31	2.4
Gain (Loss) on Sale of Assets	-1.15	-0.69	-8.86	0.75	0.05	-4.53
Asset Writedown	0	-	-	-0.01	-18.92	-1.57
Other Unusual Items	5.72	7.11	9	7.47	7.67	5.63
Pretax Income	192.31	126.9	102.53	424.52	92.59	126.22
Income Tax Expense	12.41	-1.53	4.63	61.02	4.54	14.22
Earnings From Continuing Operations	179.9	128.43	97.9	363.5	88.05	112
Minority Interest in Earnings	-2.88	-2.09	2.29	-11.52	-26.39	-16.21
Net Income	177.02	126.33	100.19	351.98	61.66	95.8
Net Income to Common	177.02	126.33	100.19	351.98	61.66	95.8
Net Income Growth	43.48%	26.09%	-71.54%	470.87%	-35.64%	125.83%
Shares Outstanding (Basic)	333	332	334	335	332	289
Shares Outstanding (Diluted)	333	332	334	338	332	289
Shares Change (YoY)	0.11%	-0.45%	-1.32%	1.99%	14.90%	4.23%
EPS (Basic)	0.53	0.38	0.30	1.05	0.19	0.33
EPS (Diluted)	0.53	0.38	0.30	1.04	0.19	0.33
EPS Growth	43.32%	26.67%	-71.15%	459.74%	-43.99%	116.66%
Free Cash Flow	9.81	13.82	9.89	-123.67	-25.24	15.27
Free Cash Flow Per Share	0.03	0.04	0.03	-0.36	-0.08	0.05
Dividend Per Share	0.120	0.140	0.120	0.214	0.128	0.204
Dividend Growth	-14.16%	16.50%	-43.98%	67.87%	-37.48%	100.29%
Gross Margin	18.22%	16.31%	16.66%	17.80%	17.26%	23.33%
Operating Margin	4.38%	2.80%	3.44%	5.06%	5.75%	10.02%
Profit Margin	9.13%	6.65%	6.74%	21.75%	3.51%	7.64%
Free Cash Flow Margin	0.51%	0.73%	0.66%	-7.64%	-1.44%	1.22%
EBITDA	154.52	113.31	96.34	120.22	139.82	160.8
EBITDA Margin	7.97%	5.96%	6.48%	7.43%	7.95%	12.83%
D&A For EBITDA	69.52	60.05	45.14	38.37	38.67	35.22
EBIT	85	53.26	51.2	81.85	101.14	125.58
EBIT Margin	4.38%	2.80%	3.44%	5.06%	5.75%	10.02%
Effective Tax Rate	6.45%	-	4.52%	14.37%	4.90%	11.26%
Revenue as Reported	1,938	1,900	1,487	1,618	1,759	1,254

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