SMS Electric Co.,Ltd.Zhengzhou (SHE:002857)

SHE:002857 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	681.26	680.71	322.11	173.69	199.69	185.13
Other Revenue	-	-	4.05	21.53	19.81	26.59
Revenue	681.26	680.71	326.16	195.22	219.5	211.73
Revenue Growth (YoY)	95.64%	108.71%	67.07%	-11.06%	3.67%	-20.53%
Cost of Revenue	538.83	527.56	244.49	124.37	140.58	137.95
Gross Profit	142.43	153.15	81.66	70.85	78.92	73.77
Selling, General & Admin	97.78	94.8	64.52	51.53	47.95	43.2
Research & Development	25.95	26.22	20.32	12.33	14.88	15.75
Other Operating Expenses	2.81	2.28	3.12	2.15	1.58	1.38
Operating Expenses	126.54	123.29	89.34	68.13	63.47	63.58
Operating Income	15.89	29.86	-7.67	2.72	15.46	10.19
Interest Expense	-	-	-0.58	-	-	-
Interest & Investment Income	4.3	3.85	5.83	6.05	5.78	8.11
Currency Exchange Gain (Loss)	-	-	-	-	-	0.07
Other Non Operating Income (Expenses)	0.47	1.59	-0.2	-0.07	0.34	-0.41
EBT Excluding Unusual Items	20.66	35.3	-2.62	8.7	21.58	17.96
Gain (Loss) on Sale of Investments	1.74	0.34	0.77	0.06	0.03	-
Gain (Loss) on Sale of Assets	-2.29	0.07	-	-	-	-
Asset Writedown	-5.1	-4.39	-0.05	-0.02	-0.16	-0.01
Other Unusual Items	-	-	3.67	3.6	0.53	8.4
Pretax Income	15.01	31.32	1.76	12.34	21.98	26.35
Income Tax Expense	2.59	4.5	0.48	-0.61	2.48	2.93
Earnings From Continuing Operations	12.42	26.82	1.28	12.94	19.5	23.42
Minority Interest in Earnings	-5.42	-8.72	4.63	-	-	-
Net Income	7	18.1	5.91	12.94	19.5	23.42
Net Income to Common	7	18.1	5.91	12.94	19.5	23.42
Net Income Growth	26.32%	206.19%	-54.34%	-33.63%	-16.73%	-26.49%
Shares Outstanding (Basic)	130	129	118	129	130	130
Shares Outstanding (Diluted)	130	129	118	129	130	130
Shares Change (YoY)	14.57%	9.35%	-8.67%	-0.45%	-0.08%	2.10%
EPS (Basic)	0.05	0.14	0.05	0.10	0.15	0.18
EPS (Diluted)	0.05	0.14	0.05	0.10	0.15	0.18
EPS Growth	10.26%	180.00%	-50.00%	-33.33%	-16.67%	-28.00%
Free Cash Flow	76.67	97.32	35.05	33.58	10.72	43.45
Free Cash Flow Per Share	0.59	0.75	0.30	0.26	0.08	0.33
Dividend Per Share	-	-	0.036	-	-	-
Gross Margin	20.91%	22.50%	25.04%	36.29%	35.95%	34.84%
Operating Margin	2.33%	4.39%	-2.35%	1.39%	7.04%	4.81%
Profit Margin	1.03%	2.66%	1.81%	6.63%	8.89%	11.06%
Free Cash Flow Margin	11.25%	14.30%	10.75%	17.20%	4.88%	20.52%
EBITDA	25.22	38.99	0.64	7.67	18.16	12.94
EBITDA Margin	3.70%	5.73%	0.20%	3.93%	8.28%	6.11%
D&A For EBITDA	9.33	9.12	8.31	4.96	2.71	2.75
EBIT	15.89	29.86	-7.67	2.72	15.46	10.19
EBIT Margin	2.33%	4.39%	-2.35%	1.39%	7.04%	4.81%
Effective Tax Rate	17.25%	14.38%	27.12%	-	11.28%	11.10%
Revenue as Reported	-	-	326.16	195.22	219.5	211.73
Advertising Expenses	-	-	0.63	3.43	0.01	-

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