Shenzhen Honor Electronic Co., Ltd. (SHE:300870)

Shenzhen Honor Electronic 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	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,503	3,780	2,840	2,688	2,564	2,076
Other Revenue	17.53	17.53	29.61	14.8	7.78	7.28
Revenue	4,521	3,798	2,870	2,703	2,572	2,083
Revenue Growth (YoY)	30.36%	32.32%	6.17%	5.10%	23.45%	58.73%
Cost of Revenue	3,606	3,009	2,320	2,227	2,177	1,647
Gross Profit	915.17	788.44	550.15	476.49	394.72	436.83
Selling, General & Admin	255.92	244.17	223.87	199.7	140.59	110.05
Research & Development	270.9	212.59	230.19	197.89	131.69	68.91
Other Operating Expenses	4.14	9.24	9.94	11.73	8.66	-6.25
Operating Expenses	545.14	491.99	471.78	416.5	291.74	187.13
Operating Income	370.03	296.45	78.38	59.99	102.98	249.7
Interest Expense	-30.36	-28.83	-21.85	-18.65	-5.66	-0.49
Interest & Investment Income	23.34	17.62	139.56	7.66	14.82	2.98
Currency Exchange Gain (Loss)	27.37	27.37	9.96	45.98	-7.52	-34.28
Other Non Operating Income (Expenses)	-9.5	0.08	-5.54	-1.94	-2	-2.82
EBT Excluding Unusual Items	380.88	312.69	200.5	93.04	102.62	215.09
Gain (Loss) on Sale of Investments	-20.06	-23	-	0.12	0.46	3.88
Gain (Loss) on Sale of Assets	-2.56	-1.84	-0.51	-0.82	-0.06	-0
Asset Writedown	3.05	-	-	-0.76	-0.19	-0.38
Other Unusual Items	12.2	12.2	10.91	18.15	22.18	-
Pretax Income	373.5	300.05	210.9	109.73	125.01	218.59
Income Tax Expense	39.32	31.58	16.81	21.63	13.92	24.64
Earnings From Continuing Operations	334.19	268.47	194.09	88.1	111.09	193.95
Minority Interest in Earnings	-1.16	-0.48	1.64	2.32	-	-
Net Income	333.03	267.99	195.73	90.42	111.09	193.95
Net Income to Common	333.03	267.99	195.73	90.42	111.09	193.95
Net Income Growth	7.63%	36.92%	116.46%	-18.60%	-42.72%	72.48%
Shares Outstanding (Basic)	102	100	101	102	101	84
Shares Outstanding (Diluted)	102	100	101	102	101	84
Shares Change (YoY)	0.83%	-1.77%	-0.18%	0.60%	19.76%	10.99%
EPS (Basic)	3.27	2.69	1.93	0.89	1.10	2.30
EPS (Diluted)	3.27	2.69	1.93	0.89	1.10	2.30
EPS Growth	6.74%	39.38%	116.85%	-19.09%	-52.17%	55.41%
Free Cash Flow	271.01	102.96	103.84	-503.81	-356.78	25.51
Free Cash Flow Per Share	2.66	1.03	1.02	-4.96	-3.53	0.30
Dividend Per Share	1.027	0.900	0.340	0.091	0.132	0.330
Dividend Growth	58.73%	164.71%	273.63%	-31.09%	-59.98%	-
Gross Margin	20.24%	20.76%	19.17%	17.63%	15.35%	20.97%
Operating Margin	8.19%	7.81%	2.73%	2.22%	4.00%	11.98%
Profit Margin	7.37%	7.06%	6.82%	3.35%	4.32%	9.31%
Free Cash Flow Margin	6.00%	2.71%	3.62%	-18.64%	-13.87%	1.22%
EBITDA	477.22	398.18	172.81	136.43	151.16	280.96
EBITDA Margin	10.56%	10.48%	6.02%	5.05%	5.88%	13.48%
D&A For EBITDA	107.2	101.73	94.44	76.43	48.18	31.26
EBIT	370.03	296.45	78.38	59.99	102.98	249.7
EBIT Margin	8.19%	7.81%	2.73%	2.22%	4.00%	11.98%
Effective Tax Rate	10.53%	10.53%	7.97%	19.71%	11.13%	11.27%
Revenue as Reported	4,521	3,798	2,870	2,703	2,572	2,083
Advertising Expenses	-	0.47	1.16	0.38	0.45	0.07

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