Hang Zhou Radical Energy-Saving Technology Co., Ltd. (SHE:300652)

SHE:300652 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	769.68	734.19	640.28	640.13	584.15	435.76
Other Revenue	5.91	5.91	11.6	7.77	7.01	1.63
Revenue	775.59	740.1	651.88	647.9	591.16	437.38
Revenue Growth (YoY)	14.97%	13.53%	0.61%	9.60%	35.16%	-5.40%
Cost of Revenue	546.63	515.05	454.42	461	412.09	303.13
Gross Profit	228.96	225.05	197.46	186.89	179.07	134.25
Selling, General & Admin	72.66	71.49	59.93	58.43	51.72	44.09
Research & Development	34.64	33.65	27.72	28.6	26.82	17.58
Other Operating Expenses	4.5	3.8	3.47	4.87	3.5	0.81
Operating Expenses	110.92	110.65	94	91.29	80.01	70.57
Operating Income	118.04	114.4	103.46	95.6	99.06	63.68
Interest Expense	-0.48	-0.48	-0.03	-6.05	-8.6	-16.14
Interest & Investment Income	3.7	6.74	5.63	5.58	11.67	16.8
Currency Exchange Gain (Loss)	3.65	3.65	4.05	11.19	-3.31	-1.85
Other Non Operating Income (Expenses)	3.71	-0.27	-0.17	-0.09	1.18	-0.15
EBT Excluding Unusual Items	128.63	124.04	112.94	106.23	100	62.34
Gain (Loss) on Sale of Investments	8.08	10.1	14.47	9.53	10.78	5.67
Gain (Loss) on Sale of Assets	0.14	0.06	0.3	0.2	0.45	-0.11
Asset Writedown	0	0	-	-0.02	-0.08	-0.02
Other Unusual Items	3.73	3.53	3.28	3.99	3.23	-0.32
Pretax Income	140.58	137.74	130.98	119.94	114.39	67.55
Income Tax Expense	18.37	17.57	10.6	16.18	18.46	8.21
Earnings From Continuing Operations	122.21	120.17	120.38	103.75	95.93	59.34
Minority Interest in Earnings	-0	-0	-	-	-	-
Net Income	122.21	120.16	120.38	103.75	95.93	59.34
Net Income to Common	122.21	120.16	120.38	103.75	95.93	59.34
Net Income Growth	-10.46%	-0.18%	16.02%	8.16%	61.66%	-5.67%
Shares Outstanding (Basic)	134	134	134	126	122	115
Shares Outstanding (Diluted)	134	134	134	131	125	115
Shares Change (YoY)	0.34%	-0.18%	2.14%	5.00%	8.32%	-0.03%
EPS (Basic)	0.92	0.90	0.90	0.82	0.78	0.52
EPS (Diluted)	0.92	0.90	0.90	0.79	0.77	0.52
EPS Growth	-10.76%	-	13.59%	3.00%	49.24%	-5.64%
Free Cash Flow	-5.16	-21.06	52.36	27.94	-6.75	44.72
Free Cash Flow Per Share	-0.04	-0.16	0.39	0.21	-0.05	0.39
Dividend Per Share	0.115	0.115	0.385	0.308	0.231	0.385
Dividend Growth	-69.99%	-69.99%	24.99%	33.32%	-39.99%	100.00%
Gross Margin	29.52%	30.41%	30.29%	28.85%	30.29%	30.69%
Operating Margin	15.22%	15.46%	15.87%	14.76%	16.76%	14.56%
Profit Margin	15.76%	16.24%	18.47%	16.01%	16.23%	13.57%
Free Cash Flow Margin	-0.67%	-2.85%	8.03%	4.31%	-1.14%	10.22%
EBITDA	153.16	148.12	131.57	120.64	124.83	86.31
EBITDA Margin	19.75%	20.01%	20.18%	18.62%	21.12%	19.73%
D&A For EBITDA	35.11	33.71	28.11	25.03	25.77	22.63
EBIT	118.04	114.4	103.46	95.6	99.06	63.68
EBIT Margin	15.22%	15.46%	15.87%	14.76%	16.76%	14.56%
Effective Tax Rate	13.07%	12.76%	8.09%	13.49%	16.14%	12.15%
Revenue as Reported	775.59	740.1	651.88	647.9	591.16	437.38

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