Shenzhen FRD Science & Technology Co., Ltd. (SHE:300602)

SHE:300602 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	5,437	4,867	4,245	4,032	2,992	2,882
Other Revenue	213.78	163.63	100.68	92.25	65.87	47.09
Revenue	5,651	5,031	4,346	4,125	3,058	2,929
Revenue Growth (YoY)	16.99%	15.76%	5.37%	34.88%	4.39%	12.01%
Cost of Revenue	4,661	4,146	3,556	3,460	2,599	2,257
Gross Profit	990.65	884.82	789.68	664.72	459.3	672.09
Selling, General & Admin	370.63	385.83	416.81	409.12	330.77	281.31
Research & Development	292.7	263.16	231.29	249.36	201.54	200.21
Other Operating Expenses	23.16	9.68	0.49	24.89	15.7	16.53
Operating Expenses	733.71	676.45	664.1	703.8	572.21	478.94
Operating Income	256.94	208.37	125.59	-39.08	-112.9	193.15
Interest Expense	-27.82	-34.79	-55.73	-61.67	-37.66	-18.58
Interest & Investment Income	12.46	14.36	19.61	38.78	112.96	6.99
Currency Exchange Gain (Loss)	10.77	19.88	3.3	44.22	-10.47	-23.09
Other Non Operating Income (Expenses)	-2.97	-0.09	-11.37	-12.1	-2.18	-3.47
EBT Excluding Unusual Items	249.39	207.72	81.39	-29.86	-50.26	155
Impairment of Goodwill	-4.28	-4.28	-2.69	-	-61.63	-28.37
Gain (Loss) on Sale of Investments	-13.09	-30.32	-13.4	-	-	-
Gain (Loss) on Sale of Assets	2.84	-1.48	-0.84	-0.15	-3.63	3.66
Asset Writedown	-7.87	-7.75	-1.59	-	-3.27	-0.8
Other Unusual Items	68.89	46.83	27.61	71.02	94.91	95.21
Pretax Income	296.05	210.72	90.48	41.02	-23.88	224.7
Income Tax Expense	26.08	37.48	11.78	-33.5	2.71	17.55
Earnings From Continuing Operations	269.96	173.24	78.71	74.52	-26.59	207.14
Minority Interest in Earnings	9.02	15.65	24.51	21.67	56.68	1.75
Net Income	278.98	188.89	103.21	96.19	30.09	208.89
Net Income to Common	278.98	188.89	103.21	96.19	30.09	208.89
Net Income Growth	59.24%	83.01%	7.31%	219.62%	-85.59%	-40.45%
Shares Outstanding (Basic)	573	572	543	506	502	497
Shares Outstanding (Diluted)	573	572	543	506	502	497
Shares Change (YoY)	0.87%	5.37%	7.31%	0.93%	0.84%	2.09%
EPS (Basic)	0.49	0.33	0.19	0.19	0.06	0.42
EPS (Diluted)	0.49	0.33	0.19	0.19	0.06	0.42
EPS Growth	57.86%	73.68%	-	216.67%	-85.71%	-41.67%
Free Cash Flow	93.35	-16.45	111.71	-626.36	-647.31	-179.99
Free Cash Flow Per Share	0.16	-0.03	0.21	-1.24	-1.29	-0.36
Dividend Per Share	0.038	0.038	0.033	-	0.010	0.050
Dividend Growth	15.54%	15.54%	-	-	-80.00%	-21.51%
Gross Margin	17.53%	17.59%	18.17%	16.12%	15.02%	22.94%
Operating Margin	4.55%	4.14%	2.89%	-0.95%	-3.69%	6.59%
Profit Margin	4.94%	3.75%	2.38%	2.33%	0.98%	7.13%
Free Cash Flow Margin	1.65%	-0.33%	2.57%	-15.19%	-21.17%	-6.14%
EBITDA	442.24	392.53	303.4	122.87	18.73	297.59
EBITDA Margin	7.83%	7.80%	6.98%	2.98%	0.61%	10.16%
D&A For EBITDA	185.3	184.16	177.81	161.95	131.64	104.44
EBIT	256.94	208.37	125.59	-39.08	-112.9	193.15
EBIT Margin	4.55%	4.14%	2.89%	-0.95%	-3.69%	6.59%
Effective Tax Rate	8.81%	17.79%	13.02%	-	-	7.81%
Revenue as Reported	5,651	5,031	4,346	4,125	3,058	2,929
Advertising Expenses	-	5.1	3.21	3.16	2.2	3.1

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