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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	5,987	4,867	4,245	4,032	2,992	2,882
Other Revenue	144.66	163.63	100.68	92.25	65.87	47.09
Revenue	6,131	5,031	4,346	4,125	3,058	2,929
Revenue Growth (YoY)	23.87%	15.76%	5.37%	34.88%	4.39%	12.01%
Cost of Revenue	4,987	4,146	3,556	3,460	2,599	2,257
Gross Profit	1,145	884.82	789.68	664.72	459.3	672.09
Selling, General & Admin	387.74	385.83	416.81	409.12	330.77	281.31
Research & Development	326.27	263.16	231.29	249.36	201.54	200.21
Other Operating Expenses	8.2	9.68	0.49	24.89	15.7	16.53
Operating Expenses	749.26	676.45	664.1	703.8	572.21	478.94
Operating Income	395.46	208.37	125.59	-39.08	-112.9	193.15
Interest Expense	-12.29	-34.79	-55.73	-61.67	-37.66	-18.58
Interest & Investment Income	9.11	14.36	19.61	38.78	112.96	6.99
Currency Exchange Gain (Loss)	19.88	19.88	3.3	44.22	-10.47	-23.09
Other Non Operating Income (Expenses)	-35.88	-0.09	-11.37	-12.1	-2.18	-3.47
EBT Excluding Unusual Items	376.27	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	-8.97	-30.32	-13.4	-	-	-
Gain (Loss) on Sale of Assets	3.04	-1.48	-0.84	-0.15	-3.63	3.66
Asset Writedown	-26.2	-7.75	-1.59	-	-3.27	-0.8
Other Unusual Items	57.93	46.83	27.61	71.02	94.91	95.21
Pretax Income	398.08	210.72	90.48	41.02	-23.88	224.7
Income Tax Expense	38.84	37.48	11.78	-33.5	2.71	17.55
Earnings From Continuing Operations	359.24	173.24	78.71	74.52	-26.59	207.14
Minority Interest in Earnings	-7.37	15.65	24.51	21.67	56.68	1.75
Net Income	351.87	188.89	103.21	96.19	30.09	208.89
Net Income to Common	351.87	188.89	103.21	96.19	30.09	208.89
Net Income Growth	98.46%	83.01%	7.31%	219.62%	-85.59%	-40.45%
Shares Outstanding (Basic)	574	572	543	506	502	497
Shares Outstanding (Diluted)	576	572	543	506	502	497
Shares Change (YoY)	1.25%	5.37%	7.31%	0.93%	0.84%	2.09%
EPS (Basic)	0.61	0.33	0.19	0.19	0.06	0.42
EPS (Diluted)	0.61	0.33	0.19	0.19	0.06	0.42
EPS Growth	96.02%	73.68%	-	216.67%	-85.71%	-41.67%
Free Cash Flow	232.72	-16.45	111.71	-626.36	-647.31	-179.99
Free Cash Flow Per Share	0.40	-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	18.67%	17.59%	18.17%	16.12%	15.02%	22.94%
Operating Margin	6.45%	4.14%	2.89%	-0.95%	-3.69%	6.59%
Profit Margin	5.74%	3.75%	2.38%	2.33%	0.98%	7.13%
Free Cash Flow Margin	3.79%	-0.33%	2.57%	-15.19%	-21.17%	-6.14%
EBITDA	584.38	392.53	303.4	122.87	18.73	297.59
EBITDA Margin	9.53%	7.80%	6.98%	2.98%	0.61%	10.16%
D&A For EBITDA	188.92	184.16	177.81	161.95	131.64	104.44
EBIT	395.46	208.37	125.59	-39.08	-112.9	193.15
EBIT Margin	6.45%	4.14%	2.89%	-0.95%	-3.69%	6.59%
Effective Tax Rate	9.76%	17.79%	13.02%	-	-	7.81%
Revenue as Reported	1,514	5,031	4,346	4,125	3,058	2,929
Advertising Expenses	-	5.1	3.21	3.16	2.2	3.1

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