Shenzhen Inovance Technology Co.,Ltd (SHE:300124)

SHE:300124 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	41,339	37,013	30,392	22,999	17,943	11,511
Other Revenue	27.65	27.64	27.53	9.64	-	-
Revenue	41,367	37,041	30,420	23,008	17,943	11,511
Revenue Growth (YoY)	21.13%	21.77%	32.21%	28.23%	55.88%	55.76%
Cost of Revenue	29,943	26,711	20,785	15,028	11,565	7,230
Gross Profit	11,424	10,329	9,635	7,981	6,379	4,281
Selling, General & Admin	3,068	3,030	2,876	2,356	1,927	1,353
Research & Development	3,635	3,140	2,621	2,225	1,675	1,010
Other Operating Expenses	-281.75	-344.83	-371.03	-352.9	-375.5	-226.47
Operating Expenses	6,556	5,971	5,443	4,446	3,310	2,216
Operating Income	4,868	4,358	4,192	3,534	3,068	2,065
Interest Expense	-150.19	-161.64	-178.39	-153.07	-69.88	-78.92
Interest & Investment Income	685.66	311.75	612.53	741.09	529.5	220.54
Earnings From Equity Investments	-11.87	-6.18	-48.41	-	-	-
Currency Exchange Gain (Loss)	12.56	-37.54	41.24	-80.92	46.72	80.66
Other Non Operating Income (Expenses)	-16.77	-16.5	-12.94	-42.18	-9.91	-4.62
EBT Excluding Unusual Items	5,387	4,448	4,606	3,999	3,565	2,283
Impairment of Goodwill	-	-	-	-56.06	-111.57	-
Gain (Loss) on Sale of Investments	-63.55	-43.08	244.95	367.67	254.88	-31.36
Gain (Loss) on Sale of Assets	167.18	166.57	0.22	0.02	-1.87	-2.73
Asset Writedown	-118.69	-96.71	-32.02	-2.92	-8.45	-10.66
Legal Settlements	11.82	11.82	17.99	-0.12	-0.04	-6.63
Other Unusual Items	159.84	122.3	162.96	168.75	121.47	111.99
Pretax Income	5,544	4,609	5,000	4,477	3,819	2,344
Income Tax Expense	340.61	262.44	224.67	152.13	138.24	161.84
Earnings From Continuing Operations	5,203	4,346	4,776	4,324	3,681	2,182
Minority Interest in Earnings	-67.3	-60.9	-33.71	-4.73	-107.52	-81.56
Net Income	5,136	4,285	4,742	4,320	3,573	2,100
Net Income to Common	5,136	4,285	4,742	4,320	3,573	2,100
Net Income Growth	7.38%	-9.62%	9.77%	20.89%	70.15%	120.62%
Shares Outstanding (Basic)	2,687	2,678	2,664	2,634	2,608	2,593
Shares Outstanding (Diluted)	2,687	2,678	2,664	2,650	2,628	2,593
Shares Change (YoY)	0.52%	0.54%	0.52%	0.86%	1.34%	5.33%
EPS (Basic)	1.91	1.60	1.78	1.64	1.37	0.81
EPS (Diluted)	1.91	1.60	1.78	1.63	1.36	0.81
EPS Growth	6.82%	-10.11%	9.20%	19.85%	67.90%	109.46%
Free Cash Flow	5,598	5,088	1,861	1,539	987.43	1,109
Free Cash Flow Per Share	2.08	1.90	0.70	0.58	0.38	0.43
Dividend Per Share	0.410	0.410	0.450	0.360	0.300	0.240
Dividend Growth	-8.89%	-8.89%	25.00%	20.00%	25.00%	100.00%
Gross Margin	27.62%	27.89%	31.67%	34.69%	35.55%	37.19%
Operating Margin	11.77%	11.77%	13.78%	15.36%	17.10%	17.94%
Profit Margin	12.41%	11.57%	15.59%	18.77%	19.91%	18.24%
Free Cash Flow Margin	13.53%	13.74%	6.12%	6.69%	5.50%	9.63%
EBITDA	5,588	5,017	4,731	3,913	3,353	2,325
EBITDA Margin	13.51%	13.54%	15.55%	17.01%	18.68%	20.20%
D&A For EBITDA	720.08	659.31	538.79	378.61	284.44	259.78
EBIT	4,868	4,358	4,192	3,534	3,068	2,065
EBIT Margin	11.77%	11.77%	13.78%	15.36%	17.10%	17.94%
Effective Tax Rate	6.14%	5.69%	4.49%	3.40%	3.62%	6.91%
Revenue as Reported	41,367	37,041	30,420	23,008	17,943	11,511
Advertising Expenses	-	80.55	84.97	36.64	32.62	31.52

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