Sangfor Technologies Inc. (SHE:300454)

Sangfor Technologies 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	7,821	7,519	7,662	7,413	6,805	5,458
Other Revenue	1.06	0.46	-	-	-	-
Revenue	7,822	7,520	7,662	7,413	6,805	5,458
Revenue Growth (YoY)	5.19%	-1.86%	3.36%	8.93%	24.67%	18.92%
Cost of Revenue	3,013	2,919	2,680	2,688	2,364	1,640
Gross Profit	4,809	4,601	4,982	4,725	4,441	3,818
Selling, General & Admin	2,812	2,888	3,074	2,801	2,708	2,083
Research & Development	2,022	2,118	2,266	2,248	2,088	1,509
Other Operating Expenses	-210.55	-238.92	-254.33	-257.54	-280.6	-265.64
Operating Expenses	4,600	4,750	5,103	4,821	4,530	3,333
Operating Income	208.44	-148.76	-120.93	-96.85	-89.18	485.57
Interest Expense	-57.48	-73.03	-44.42	-17.44	-11.47	-5.49
Interest & Investment Income	343.44	398.1	331.57	238.15	270.96	187.96
Currency Exchange Gain (Loss)	-0.78	-12.77	-0.67	3.19	9.3	-19.46
Other Non Operating Income (Expenses)	-1.39	-2.01	-4.46	-4.78	-2.84	-7.06
EBT Excluding Unusual Items	492.23	161.53	161.1	122.27	176.77	641.52
Gain (Loss) on Sale of Investments	9.94	5.22	1.44	16	-4.73	80.39
Gain (Loss) on Sale of Assets	1.84	0.84	0.36	1.28	0.82	1.89
Asset Writedown	-4.65	-4.5	-3.8	-1.65	-0.87	-2.09
Other Unusual Items	65.82	41.27	44.61	80.78	84.42	43.78
Pretax Income	565.18	204.34	203.71	218.68	256.41	765.5
Income Tax Expense	4.01	7.65	5.04	24.51	-16.45	-43.87
Earnings From Continuing Operations	561.17	196.7	198.68	194.17	272.86	809.38
Minority Interest in Earnings	-	0.17	-0.85	-	-	-
Net Income	561.17	196.87	197.83	194.17	272.86	809.38
Net Income to Common	561.17	196.87	197.83	194.17	272.86	809.38
Net Income Growth	252.06%	-0.49%	1.88%	-28.84%	-66.29%	6.65%
Shares Outstanding (Basic)	420	419	421	413	407	403
Shares Outstanding (Diluted)	420	419	421	413	413	407
Shares Change (YoY)	-0.71%	-0.49%	1.88%	-0.07%	1.65%	1.29%
EPS (Basic)	1.34	0.47	0.47	0.47	0.67	2.01
EPS (Diluted)	1.34	0.47	0.47	0.47	0.66	1.99
EPS Growth	254.57%	-	-	-28.79%	-66.83%	5.29%
Free Cash Flow	1,237	404.05	618.49	283.91	641.4	1,089
Free Cash Flow Per Share	2.95	0.96	1.47	0.69	1.55	2.68
Dividend Per Share	0.063	0.063	0.050	-	0.070	0.200
Dividend Growth	26.00%	26.00%	-	-	-65.00%	5.26%
Gross Margin	61.48%	61.18%	65.02%	63.73%	65.27%	69.95%
Operating Margin	2.67%	-1.98%	-1.58%	-1.31%	-1.31%	8.90%
Profit Margin	7.17%	2.62%	2.58%	2.62%	4.01%	14.83%
Free Cash Flow Margin	15.82%	5.37%	8.07%	3.83%	9.43%	19.95%
EBITDA	408.69	41.81	61.17	89.75	61.1	619.46
EBITDA Margin	5.22%	0.56%	0.80%	1.21%	0.90%	11.35%
D&A For EBITDA	200.25	190.56	182.09	186.59	150.28	133.89
EBIT	208.44	-148.76	-120.93	-96.85	-89.18	485.57
EBIT Margin	2.67%	-1.98%	-1.58%	-1.31%	-1.31%	8.90%
Effective Tax Rate	0.71%	3.74%	2.47%	11.21%	-	-
Revenue as Reported	7,822	7,520	7,662	7,413	6,805	5,458

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