Shennan Circuits Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	20,745	17,040	12,923	13,483	13,420	11,234
Other Revenue	867.04	867.04	603.13	509.28	522.76	366.75
Revenue	21,612	17,907	13,526	13,992	13,943	11,600
Revenue Growth (YoY)	26.28%	32.39%	-3.33%	0.36%	20.19%	10.23%
Cost of Revenue	16,024	13,664	10,523	10,597	10,789	8,650
Gross Profit	5,588	4,244	3,003	3,396	3,154	2,951
Selling, General & Admin	1,310	1,002	853.85	911.55	759.68	627.84
Research & Development	1,482	1,270	1,065	818.07	782.42	644.67
Other Operating Expenses	-61.8	-4.02	75.67	86.69	86.16	64.11
Operating Expenses	2,819	2,314	2,028	1,842	1,669	1,335
Operating Income	2,769	1,930	975.34	1,554	1,485	1,616
Interest Expense	-79.05	-79.99	-65.94	-92.01	-90.56	-112.87
Interest & Investment Income	19.32	14.33	12.98	43.08	14.5	15.67
Currency Exchange Gain (Loss)	27.41	27.41	28.95	80.69	-16.63	-45.76
Other Non Operating Income (Expenses)	28.18	-5.16	-6.26	-0.31	-4.51	-3.28
EBT Excluding Unusual Items	2,765	1,887	945.06	1,585	1,388	1,469
Gain (Loss) on Sale of Investments	0.68	1.14	3.56	3.67	0.08	0.85
Gain (Loss) on Sale of Assets	-13.21	0.38	-2.25	-0.73	0.5	-14.78
Asset Writedown	-79.97	-23.21	-12.95	-8.84	-20.97	-38.05
Other Unusual Items	310.19	158.47	464.85	141.39	241.65	188.55
Pretax Income	2,983	2,023	1,398	1,720	1,609	1,606
Income Tax Expense	263.82	144.64	0.65	78.98	128.4	174.63
Earnings From Continuing Operations	2,719	1,879	1,398	1,641	1,481	1,431
Minority Interest in Earnings	-3.75	-1.16	0.49	-0.25	-0.21	-1.13
Net Income	2,715	1,878	1,398	1,641	1,481	1,430
Net Income to Common	2,715	1,878	1,398	1,641	1,481	1,430
Net Income Growth	37.28%	34.29%	-14.81%	10.85%	3.53%	16.01%
Shares Outstanding (Basic)	782	667	666	663	637	620
Shares Outstanding (Diluted)	782	667	666	663	639	624
Shares Change (YoY)	42.07%	0.17%	0.47%	3.62%	2.50%	1.60%
EPS (Basic)	3.47	2.82	2.10	2.48	2.32	2.31
EPS (Diluted)	3.47	2.82	2.10	2.48	2.32	2.29
EPS Growth	-3.37%	34.07%	-15.22%	6.98%	1.01%	14.17%
Free Cash Flow	571.34	455.76	-660.41	-197.91	-316.51	-685.97
Free Cash Flow Per Share	0.73	0.68	-0.99	-0.30	-0.49	-1.10
Dividend Per Share	1.154	1.154	0.692	0.769	0.731	0.731
Dividend Growth	66.66%	66.66%	-10.00%	5.25%	-	15.65%
Gross Margin	25.86%	23.70%	22.20%	24.27%	22.62%	25.44%
Operating Margin	12.81%	10.78%	7.21%	11.10%	10.65%	13.93%
Profit Margin	12.56%	10.48%	10.34%	11.73%	10.62%	12.33%
Free Cash Flow Margin	2.64%	2.54%	-4.88%	-1.41%	-2.27%	-5.91%
EBITDA	4,365	3,361	2,188	2,557	2,282	2,222
EBITDA Margin	20.20%	18.77%	16.18%	18.27%	16.37%	19.15%
D&A For EBITDA	1,595	1,431	1,213	1,003	797.19	606.1
EBIT	2,769	1,930	975.34	1,554	1,485	1,616
EBIT Margin	12.81%	10.78%	7.21%	11.10%	10.65%	13.93%
Effective Tax Rate	8.84%	7.15%	0.05%	4.59%	7.98%	10.88%
Revenue as Reported	21,612	17,907	13,526	13,992	13,943	11,600

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