Shanxi Huhua Group Co., Ltd. (SHE:003002)

Shanxi Huhua Group 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	1,272	1,081	1,247	939.43	710.36	537.52
Other Revenue	20.53	20.53	67.36	24.42	27.43	18.89
Revenue	1,293	1,101	1,314	963.85	737.8	556.4
Revenue Growth (YoY)	14.12%	-16.19%	36.31%	30.64%	32.60%	11.24%
Cost of Revenue	753.37	650.4	787.07	595.93	457.74	286.17
Gross Profit	539.43	450.72	526.8	367.93	280.06	270.23
Selling, General & Admin	257.71	237.5	208.06	186.37	165.42	151.68
Research & Development	53.2	53.11	65.4	39.02	26.82	15.61
Other Operating Expenses	15.87	11.72	8.99	9.45	7.24	6.22
Operating Expenses	329.67	304.3	294.61	246.34	203.51	175.69
Operating Income	209.76	146.42	232.19	121.59	76.55	94.54
Interest Expense	-3.13	-0.81	-0.75	-1.13	-0.6	-
Interest & Investment Income	13.76	19.32	20.67	20.49	20.21	16.13
Currency Exchange Gain (Loss)	0.23	0.23	0	1.06	-0.18	-0.47
Other Non Operating Income (Expenses)	1.91	-0.53	-0.82	-1.29	-1.1	-0.1
EBT Excluding Unusual Items	222.52	164.63	251.28	140.72	94.87	110.09
Impairment of Goodwill	-5.72	-5.72	-1.47	-1.01	-0.96	-
Gain (Loss) on Sale of Investments	-0.75	-0.6	0.01	-	-	0.51
Gain (Loss) on Sale of Assets	-0.58	7.89	-0.05	-0.02	0.01	-0.06
Asset Writedown	-2.55	-2.95	0.01	-13.12	-0.48	-0.01
Other Unusual Items	3.23	3.64	2.79	4.99	6.22	11.66
Pretax Income	216.14	166.89	252.58	131.56	99.64	122.19
Income Tax Expense	27.58	22.71	36.91	5.84	14.51	18.45
Earnings From Continuing Operations	188.56	144.18	215.67	125.72	85.14	103.74
Minority Interest in Earnings	-6.57	-4.16	-10.99	-4.41	-3.93	-6.83
Net Income	181.99	140.02	204.68	121.31	81.21	96.91
Net Income to Common	181.99	140.02	204.68	121.31	81.21	96.91
Net Income Growth	18.28%	-31.59%	68.73%	49.37%	-16.20%	26.97%
Shares Outstanding (Basic)	200	200	201	199	198	162
Shares Outstanding (Diluted)	200	200	201	199	198	162
Shares Change (YoY)	0.25%	-0.32%	0.91%	0.40%	22.63%	7.93%
EPS (Basic)	0.91	0.70	1.02	0.61	0.41	0.60
EPS (Diluted)	0.91	0.70	1.02	0.61	0.41	0.60
EPS Growth	17.98%	-31.37%	67.21%	48.78%	-31.67%	17.65%
Free Cash Flow	102.36	25.42	78.51	113.8	23.2	81.96
Free Cash Flow Per Share	0.51	0.13	0.39	0.57	0.12	0.51
Dividend Per Share	0.150	0.150	0.250	0.150	0.150	0.400
Dividend Growth	-40.00%	-40.00%	66.67%	-	-62.50%	-
Gross Margin	41.73%	40.93%	40.09%	38.17%	37.96%	48.57%
Operating Margin	16.23%	13.30%	17.67%	12.62%	10.38%	16.99%
Profit Margin	14.08%	12.72%	15.58%	12.59%	11.01%	17.42%
Free Cash Flow Margin	7.92%	2.31%	5.98%	11.81%	3.14%	14.73%
EBITDA	285.1	213.04	287.18	171.91	123.24	128.79
EBITDA Margin	22.05%	19.35%	21.86%	17.84%	16.70%	23.15%
D&A For EBITDA	75.34	66.62	54.99	50.32	46.69	34.25
EBIT	209.76	146.42	232.19	121.59	76.55	94.54
EBIT Margin	16.23%	13.30%	17.67%	12.62%	10.38%	16.99%
Effective Tax Rate	12.76%	13.61%	14.61%	4.44%	14.56%	15.10%
Revenue as Reported	1,293	1,101	1,314	963.85	737.8	556.4
Advertising Expenses	-	2.16	2.18	2.49	1.11	-

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