Shanghai Huace Navigation Technology Ltd (SHE:300627)

SHE:300627 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
Revenue	3,600	3,251	2,678	2,236	1,903	1,410
Revenue Growth (YoY)	21.86%	21.38%	19.77%	17.50%	35.02%	23.05%
Cost of Revenue	1,527	1,374	1,159	974.06	871.68	647.01
Gross Profit	2,073	1,877	1,520	1,262	1,031	762.51
Selling, General & Admin	947.28	857.5	707.15	630.96	536.59	402.85
Research & Development	493.56	469.02	462.11	403.05	332.79	204.98
Other Operating Expenses	-40.56	-61.78	-47.07	-45.85	-49.15	-36.22
Operating Expenses	1,447	1,320	1,149	1,016	816.17	587.55
Operating Income	625.88	556.33	371.09	245.74	215.32	174.96
Interest Expense	-6.02	-7.09	-8.81	-6.06	-4.16	-4.84
Interest & Investment Income	57.28	78.65	26.87	32.32	22.18	23.7
Currency Exchange Gain (Loss)	21.11	-12.37	2.22	12.94	-9.04	-9.47
Other Non Operating Income (Expenses)	-12.81	-9.49	-9.08	-1.61	-2.92	-0.96
EBT Excluding Unusual Items	685.44	606.03	382.29	283.33	221.37	183.39
Impairment of Goodwill	-2.2	-2.2	-	-	-	-13.63
Gain (Loss) on Sale of Investments	-4.69	-8.5	9.46	-7.13	10.14	0.52
Gain (Loss) on Sale of Assets	1.61	1.47	0.09	4.18	0.6	0.09
Asset Writedown	-1.05	-1.7	-2.37	-1	-3.93	-6.73
Other Unusual Items	47.6	25.66	62.96	67.56	61.91	53.72
Pretax Income	734.86	632.02	457.08	353.25	291.63	219.02
Income Tax Expense	53.4	48.77	13.38	-7.33	1.95	20.78
Earnings From Continuing Operations	681.46	583.25	443.7	360.58	289.68	198.24
Minority Interest in Earnings	-22.82	0.15	5.44	0.71	4.65	-1.3
Net Income	658.63	583.4	449.14	361.29	294.34	196.94
Net Income to Common	658.63	583.4	449.14	361.29	294.34	196.94
Net Income Growth	25.54%	29.89%	24.32%	22.75%	49.45%	41.99%
Shares Outstanding (Basic)	768	764	753	743	703	661
Shares Outstanding (Diluted)	775	767	755	749	712	669
Shares Change (YoY)	1.97%	1.60%	0.73%	5.31%	6.38%	1.14%
EPS (Basic)	0.86	0.76	0.60	0.49	0.42	0.30
EPS (Diluted)	0.85	0.76	0.59	0.48	0.41	0.29
EPS Growth	23.11%	27.85%	23.42%	16.56%	40.49%	40.39%
Free Cash Flow	888.46	595.92	304.94	-2.57	96.01	115.19
Free Cash Flow Per Share	1.15	0.78	0.40	-0.00	0.14	0.17
Dividend Per Share	0.357	0.357	0.250	0.193	0.153	0.128
Dividend Growth	42.84%	42.84%	29.60%	26.00%	19.98%	16.64%
Gross Margin	57.58%	57.72%	56.75%	56.44%	54.20%	54.10%
Operating Margin	17.38%	17.11%	13.86%	10.99%	11.31%	12.41%
Profit Margin	18.29%	17.95%	16.77%	16.16%	15.47%	13.97%
Free Cash Flow Margin	24.68%	18.33%	11.39%	-0.11%	5.04%	8.17%
EBITDA	708.43	645.97	474.17	321	267.28	212.74
EBITDA Margin	19.68%	19.87%	17.70%	14.35%	14.04%	15.09%
D&A For EBITDA	82.55	89.63	103.08	75.26	51.95	37.78
EBIT	625.88	556.33	371.09	245.74	215.32	174.96
EBIT Margin	17.38%	17.11%	13.86%	10.99%	11.31%	12.41%
Effective Tax Rate	7.27%	7.72%	2.93%	-	0.67%	9.49%
Revenue as Reported	3,251	3,251	2,678	2,236	1,903	1,410
Advertising Expenses	-	42	35.2	-	18.36	13.27

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