Xin Hee Co.,Ltd. (SHE:003016)

Xin Hee 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	1,431	1,393	1,746	1,730	2,089	1,827
Other Revenue	11.93	11.93	13.03	12.89	12.69	6.08
Revenue	1,442	1,405	1,759	1,743	2,102	1,833
Revenue Growth (YoY)	-2.51%	-20.10%	0.93%	-17.09%	14.66%	-6.72%
Cost of Revenue	595.55	576.5	617.57	612.61	678.87	639.51
Gross Profit	846.91	828.79	1,141	1,130	1,423	1,194
Selling, General & Admin	828.55	854.16	944.97	896.83	977.62	889.31
Research & Development	59.96	61.77	78.06	78.08	72.17	58.96
Other Operating Expenses	25.73	17.98	20.78	20.86	21.7	19.88
Operating Expenses	918.3	940.56	1,037	1,004	1,075	968.34
Operating Income	-71.39	-111.77	104.23	125.88	347.58	225.22
Interest Expense	-9.74	-8.55	-5.31	-4.26	-6.25	-0
Interest & Investment Income	23.29	22.4	24.86	26.29	33.91	11.89
Currency Exchange Gain (Loss)	-0.03	-0.03	0.15	0.01	0	-2.5
Other Non Operating Income (Expenses)	1.18	-1.01	-1.12	-0.58	-1.76	-0.48
EBT Excluding Unusual Items	-56.69	-98.97	122.81	147.34	373.48	234.14
Gain (Loss) on Sale of Investments	6.97	8.42	6.74	6.32	6	-
Gain (Loss) on Sale of Assets	-0.03	0.05	-0.01	0.26	0	-
Asset Writedown	5.08	-0.33	-4.09	-0.54	-1.24	-0.58
Other Unusual Items	11.07	3.24	11.97	23.27	9.67	7.83
Pretax Income	-33.6	-87.59	137.42	176.64	387.91	241.38
Income Tax Expense	-5.86	-20.21	37.29	47.51	99.57	63.13
Net Income	-27.75	-67.38	100.14	129.13	288.34	178.25
Net Income to Common	-27.75	-67.38	100.14	129.13	288.34	178.25
Net Income Growth	-	-	-22.45%	-55.22%	61.76%	-26.41%
Shares Outstanding (Basic)	418	418	418	425	431	338
Shares Outstanding (Diluted)	418	418	418	425	431	338
Shares Change (YoY)	0.28%	0.01%	-1.52%	-1.51%	27.71%	5.55%
EPS (Basic)	-0.07	-0.16	0.24	0.30	0.67	0.53
EPS (Diluted)	-0.07	-0.16	0.24	0.30	0.67	0.53
EPS Growth	-	-	-21.26%	-54.53%	26.66%	-30.28%
Free Cash Flow	141.64	46.45	114.39	-9.04	187.07	338.62
Free Cash Flow Per Share	0.34	0.11	0.27	-0.02	0.43	1.00
Dividend Per Share	-	-	0.230	0.300	0.600	0.400
Dividend Growth	-	-	-23.33%	-50.00%	50.00%	33.33%
Gross Margin	58.71%	58.98%	64.89%	64.84%	67.70%	65.11%
Operating Margin	-4.95%	-7.95%	5.93%	7.22%	16.54%	12.29%
Profit Margin	-1.92%	-4.79%	5.69%	7.41%	13.72%	9.72%
Free Cash Flow Margin	9.82%	3.31%	6.50%	-0.52%	8.90%	18.47%
EBITDA	-32.02	-69.52	150.3	162.2	370.81	240.44
EBITDA Margin	-2.22%	-4.95%	8.55%	9.31%	17.64%	13.12%
D&A For EBITDA	39.37	42.24	46.08	36.32	23.24	15.22
EBIT	-71.39	-111.77	104.23	125.88	347.58	225.22
EBIT Margin	-4.95%	-7.95%	5.93%	7.22%	16.54%	12.29%
Effective Tax Rate	-	-	27.13%	26.90%	25.67%	26.15%
Revenue as Reported	1,442	1,405	1,759	1,743	2,102	1,833
Advertising Expenses	-	53.74	21.95	26.78	24.21	19.18

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