Sineng Electric Co.,Ltd. (SHE: 300827)

Sineng Electric Co.,Ltd. Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	4,679	4,930	2,338	1,092	1,004	922.49
Other Revenue	2.28	2.28	0.8	0.84	0.42	0.16
Revenue	4,682	4,933	2,339	1,092	1,004	922.65
Revenue Growth (YoY)	14.35%	110.93%	114.08%	8.80%	8.82%	8.97%
Cost of Revenue	3,668	3,984	1,934	823.76	745.53	647.61
Gross Profit	1,013	948.78	404.47	268.61	258.48	275.04
Selling, General & Admin	338.19	325.54	161.5	108.73	99.61	114.25
Research & Development	287.95	268.57	144.28	92.85	76.15	58.47
Other Operating Expenses	-26.21	-27.03	-3.43	-2.2	-5.31	-0.93
Operating Expenses	683	650.13	325.93	204.79	181.15	191.57
Operating Income	330.41	298.64	78.54	63.82	77.33	83.47
Interest Expense	-28.04	-28.04	-22.61	-8.13	-12.1	-8.18
Interest & Investment Income	17.65	18.78	7.72	7.79	5.1	1.48
Currency Exchange Gain (Loss)	11.76	11.76	3.04	-3.27	-9.08	1.74
Other Non Operating Income (Expenses)	-14.09	-6.44	-5.79	-2.13	-2.51	-3.18
EBT Excluding Unusual Items	317.7	294.7	60.91	58.08	58.73	75.34
Gain (Loss) on Sale of Investments	0.76	0.22	-	-	-	-
Gain (Loss) on Sale of Assets	0.03	0.1	-0.47	-0.02	-0	-
Asset Writedown	3.05	-0	-2.55	-	-0.37	-
Other Unusual Items	3.84	3.84	18.67	1.52	17.9	13.08
Pretax Income	325.36	298.86	76.56	59.57	76.26	88.42
Income Tax Expense	15.18	13.51	-5.01	0.66	-1.19	4.58
Earnings From Continuing Operations	310.18	285.35	81.56	58.91	77.45	83.84
Minority Interest in Earnings	1.22	0.51	-	-	-	-
Net Income	311.41	285.87	81.56	58.91	77.45	83.84
Net Income to Common	311.41	285.87	81.56	58.91	77.45	83.84
Net Income Growth	60.73%	250.48%	38.46%	-23.94%	-7.62%	18.32%
Shares Outstanding (Basic)	358	353	340	337	321	255
Shares Outstanding (Diluted)	358	353	340	337	321	255
Shares Change (YoY)	2.61%	3.85%	0.90%	4.80%	25.80%	0.40%
EPS (Basic)	0.87	0.81	0.24	0.17	0.24	0.33
EPS (Diluted)	0.87	0.81	0.24	0.17	0.24	0.33
EPS Growth	56.65%	237.50%	37.22%	-27.43%	-26.57%	17.85%
Free Cash Flow	-1,068	-324.43	43.67	-26.43	-19.56	82.78
Free Cash Flow Per Share	-2.98	-0.92	0.13	-0.08	-0.06	0.32
Dividend Per Share	0.100	0.100	0.067	0.039	0.043	-
Dividend Growth	49.70%	49.70%	71.72%	-9.95%	-	-
Gross Margin	21.65%	19.23%	17.30%	24.59%	25.74%	29.81%
Operating Margin	7.06%	6.05%	3.36%	5.84%	7.70%	9.05%
Profit Margin	6.65%	5.80%	3.49%	5.39%	7.71%	9.09%
Free Cash Flow Margin	-22.81%	-6.58%	1.87%	-2.42%	-1.95%	8.97%
EBITDA	367.74	336.54	106.44	78.84	89.01	92.3
EBITDA Margin	7.85%	6.82%	4.55%	7.22%	8.87%	10.00%
D&A For EBITDA	37.33	37.89	27.9	15.02	11.68	8.82
EBIT	330.41	298.64	78.54	63.82	77.33	83.47
EBIT Margin	7.06%	6.05%	3.36%	5.84%	7.70%	9.05%
Effective Tax Rate	4.67%	4.52%	-	1.11%	-	5.18%
Revenue as Reported	4,933	4,933	2,339	1,092	1,004	922.65
Advertising Expenses	-	12.76	4.49	5.04	5.9	3.86

Source: S&P Capital IQ. Standard template. Financial Sources.