Shenzhen Refond Optoelectronics Co.,Ltd. (SHE:300241)

SHE:300241 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	1,705	1,493	1,299	1,298	1,422	1,201
Other Revenue	52.14	52.14	78.25	37.62	50.12	32.21
Revenue	1,757	1,545	1,377	1,336	1,472	1,233
Revenue Growth (YoY)	22.18%	12.17%	3.09%	-9.27%	19.41%	-10.13%
Cost of Revenue	1,392	1,207	1,170	1,158	1,214	1,018
Gross Profit	365.17	337.61	207.03	177.35	258.62	215.21
Selling, General & Admin	180.11	182.59	162.24	155.23	158.99	120.75
Research & Development	87.72	96.08	108.36	109.66	110.06	89.37
Other Operating Expenses	29.07	-0.23	11.1	11.82	8.64	4.7
Operating Expenses	315.98	287.16	278.17	284.05	287	215.22
Operating Income	49.19	50.44	-71.14	-106.7	-28.37	-0.02
Interest Expense	-8.15	-2.87	-10.93	-13.5	-6.07	-6.79
Interest & Investment Income	-	10.09	35.31	24.85	14.96	14.72
Currency Exchange Gain (Loss)	3.41	3.41	3.71	8.38	-4.06	-5.52
Other Non Operating Income (Expenses)	3.62	-1.16	-1.87	-1.31	1.68	4.82
EBT Excluding Unusual Items	48.07	59.91	-44.92	-88.27	-21.86	7.2
Gain (Loss) on Sale of Assets	-12.21	-12.18	-30.75	2.69	2.52	-1.52
Asset Writedown	-3.05	-3.53	-43.57	-0.29	-0.59	-0.95
Other Unusual Items	26.67	13.41	53.59	93.82	130.32	39.37
Pretax Income	59.48	57.62	-65.65	7.95	110.39	44.1
Income Tax Expense	15.16	22.6	-22.7	-3.38	11.98	-3.59
Earnings From Continuing Operations	44.32	35.02	-42.95	11.33	98.41	47.69
Minority Interest in Earnings	-6.16	-3.43	-2.98	2.1	-1.25	0.46
Net Income	38.16	31.58	-45.93	13.43	97.16	48.15
Net Income to Common	38.16	31.58	-45.93	13.43	97.16	48.15
Net Income Growth	121.53%	-	-	-86.18%	101.78%	-
Shares Outstanding (Basic)	687	685	684	685	634	535
Shares Outstanding (Diluted)	687	685	684	685	638	540
Shares Change (YoY)	0.47%	0.24%	-0.25%	7.35%	18.12%	1.42%
EPS (Basic)	0.06	0.05	-0.07	0.02	0.15	0.09
EPS (Diluted)	0.06	0.05	-0.07	0.02	0.15	0.09
EPS Growth	120.50%	-	-	-87.12%	70.82%	-
Free Cash Flow	-10.38	161.47	-5.18	-499.69	-396.74	-139.83
Free Cash Flow Per Share	-0.01	0.24	-0.01	-0.73	-0.62	-0.26
Dividend Per Share	0.020	0.020	-	0.010	0.020	-
Dividend Growth	-	-	-	-50.00%	-	-
Gross Margin	20.78%	21.86%	15.03%	13.28%	17.57%	17.46%
Operating Margin	2.80%	3.27%	-5.17%	-7.99%	-1.93%	-0.00%
Profit Margin	2.17%	2.04%	-3.33%	1.00%	6.60%	3.91%
Free Cash Flow Margin	-0.59%	10.45%	-0.38%	-37.41%	-26.95%	-11.34%
EBITDA	166.86	179.64	73.43	11.84	56.25	73.59
EBITDA Margin	9.50%	11.63%	5.33%	0.89%	3.82%	5.97%
D&A For EBITDA	117.67	129.2	144.57	118.54	84.63	73.61
EBIT	49.19	50.44	-71.14	-106.7	-28.37	-0.02
EBIT Margin	2.80%	3.27%	-5.17%	-7.99%	-1.93%	-0.00%
Effective Tax Rate	25.48%	39.22%	-	-	10.85%	-
Revenue as Reported	1,757	1,545	1,377	1,336	1,472	1,233
Advertising Expenses	-	2.24	3.45	3.99	1.86	1.78

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