Shenzhen Sinexcel Electric Co.,Ltd. (SHE:300693)

SHE:300693 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	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,977	2,972	2,592	1,466	998.73	756.23
Other Revenue	64.34	64.34	59.28	37.34	22.66	15.13
Revenue	3,041	3,036	2,651	1,503	1,021	771.35
Revenue Growth (YoY)	8.53%	14.53%	76.37%	47.16%	32.41%	21.31%
Cost of Revenue	1,870	1,868	1,584	854.42	587.72	411.21
Gross Profit	1,171	1,169	1,067	648.68	433.66	360.14
Selling, General & Admin	464.89	475.57	424.92	268.34	200.65	156.56
Research & Development	265.01	256.75	231	147.97	113.48	80.39
Other Operating Expenses	-24.32	-26.16	-18.99	-15.59	-19.25	-3.56
Operating Expenses	717.43	718.4	647.75	414.86	306.09	251.06
Operating Income	453.61	450.19	419	233.82	127.57	109.08
Interest Expense	-8.07	-7.84	-5.23	-5.18	-4.6	-2.74
Interest & Investment Income	4.46	3.5	6.07	3.97	1.37	1.62
Currency Exchange Gain (Loss)	3.22	3.22	10.92	5.61	-3.82	-5.38
Other Non Operating Income (Expenses)	0	-0.56	0.59	-1.88	1.3	0.23
EBT Excluding Unusual Items	453.23	448.52	431.35	236.34	121.83	102.81
Gain (Loss) on Sale of Investments	5.69	5.59	5.23	3.57	3.09	3.11
Gain (Loss) on Sale of Assets	0.52	0.67	0.58	0.03	-0.01	-0.07
Asset Writedown	-3.68	-0.56	-0.23	-1.38	-0.19	-
Legal Settlements	-0.37	-0.37	-1.34	-	-	-
Other Unusual Items	9.28	8.58	20.37	7.74	-0.02	15.76
Pretax Income	464.66	462.43	455.96	246.3	124.7	121.6
Income Tax Expense	34.67	38.07	54.89	22.76	11.25	15.5
Earnings From Continuing Operations	430	424.37	401.07	223.55	113.45	106.1
Minority Interest in Earnings	5.53	4.61	1.76	-	-	-
Net Income	435.52	428.98	402.83	223.55	113.45	106.1
Net Income to Common	435.52	428.98	402.83	223.55	113.45	106.1
Net Income Growth	7.12%	6.49%	80.20%	97.04%	6.93%	70.99%
Shares Outstanding (Basic)	310	310	309	307	309	307
Shares Outstanding (Diluted)	311	310	309	308	309	307
Shares Change (YoY)	0.35%	0.31%	0.57%	-0.33%	0.47%	-0.76%
EPS (Basic)	1.40	1.38	1.30	0.73	0.37	0.35
EPS (Diluted)	1.40	1.38	1.30	0.73	0.37	0.35
EPS Growth	6.75%	6.16%	79.17%	97.69%	6.43%	72.30%
Free Cash Flow	289.13	216.29	292.73	58.97	-32.51	-47.79
Free Cash Flow Per Share	0.93	0.70	0.95	0.19	-0.10	-0.16
Dividend Per Share	0.500	0.500	0.330	0.147	0.080	0.071
Dividend Growth	51.52%	51.52%	124.49%	83.29%	12.48%	60.22%
Gross Margin	38.50%	38.49%	40.24%	43.16%	42.46%	46.69%
Operating Margin	14.92%	14.83%	15.80%	15.56%	12.49%	14.14%
Profit Margin	14.32%	14.13%	15.20%	14.87%	11.11%	13.76%
Free Cash Flow Margin	9.51%	7.12%	11.04%	3.92%	-3.18%	-6.19%
EBITDA	497.55	490.84	446.47	254.32	140.93	117.02
EBITDA Margin	16.36%	16.17%	16.84%	16.92%	13.80%	15.17%
D&A For EBITDA	43.94	40.65	27.47	20.49	13.36	7.94
EBIT	453.61	450.19	419	233.82	127.57	109.08
EBIT Margin	14.92%	14.83%	15.80%	15.56%	12.49%	14.14%
Effective Tax Rate	7.46%	8.23%	12.04%	9.24%	9.02%	12.75%
Revenue as Reported	3,041	3,036	2,651	1,503	-	771.35
Advertising Expenses	-	17.53	11.73	-	3.68	1.56

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