Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. (SHE:300893)

SHE:300893 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	Jan 1, 2022	Dec 31, 2020
Operating Revenue	2,443	1,919	1,228	953.55	718.23	521.05
Other Revenue	51.84	51.84	52.66	38.32	26.85	14.88
Revenue	2,495	1,971	1,280	991.87	745.08	535.93
Revenue Growth (YoY)	40.49%	53.94%	29.09%	33.12%	39.03%	15.25%
Cost of Revenue	1,802	1,418	887.56	713.62	501.69	352.46
Gross Profit	692.32	553.4	392.82	278.25	243.39	183.47
Selling, General & Admin	123.46	107.58	80.24	87.33	77.04	48.75
Research & Development	143.73	97.84	67.33	56.07	39.83	26.43
Other Operating Expenses	9.73	3.76	3.97	4.05	3.35	3.49
Operating Expenses	313.47	253.89	166.11	154.96	122.68	84.07
Operating Income	378.85	299.5	226.71	123.29	120.72	99.4
Interest Expense	-20.21	-20.01	-11.48	-6.02	-2.75	-1.87
Interest & Investment Income	3.41	4.06	2.82	1.7	2.29	0.57
Currency Exchange Gain (Loss)	0.47	0.47	0.17	2.61	0.99	-0.46
Other Non Operating Income (Expenses)	-9.33	-0.35	-0.17	-0.4	-0.58	-0.07
EBT Excluding Unusual Items	353.18	283.68	218.05	121.19	120.67	97.57
Gain (Loss) on Sale of Investments	-2.55	-3.62	-3.09	-2.37	0.5	-0.97
Gain (Loss) on Sale of Assets	0.32	0.23	0.03	-0.44	-0.12	-0.01
Asset Writedown	-3.04	-0.11	-1.11	-	-	-
Legal Settlements	-0.08	-0.08	-0.15	-0.04	-1.4	-
Other Unusual Items	26.9	12.02	8.32	2.78	4.66	6.02
Pretax Income	374.74	292.12	222.05	121.11	124.31	102.61
Income Tax Expense	42.01	31.73	24.26	3.07	13.04	12.58
Net Income	332.73	260.38	197.78	118.04	111.27	90.03
Net Income to Common	332.73	260.38	197.78	118.04	111.27	90.03
Net Income Growth	22.60%	31.65%	67.56%	6.09%	23.58%	11.71%
Shares Outstanding (Basic)	445	444	440	445	445	358
Shares Outstanding (Diluted)	445	448	446	445	445	358
Shares Change (YoY)	-4.17%	0.48%	0.14%	-0.03%	24.43%	8.15%
EPS (Basic)	0.75	0.59	0.45	0.27	0.25	0.25
EPS (Diluted)	0.75	0.58	0.44	0.27	0.25	0.25
EPS Growth	27.92%	31.02%	67.32%	6.12%	-0.68%	3.75%
Free Cash Flow	-402.49	-481.62	-127.73	-225.33	-107.18	-16.34
Free Cash Flow Per Share	-0.91	-1.08	-0.29	-0.51	-0.24	-0.05
Dividend Per Share	0.102	0.102	0.102	0.051	0.068	0.113
Dividend Growth	-	-	100.00%	-25.00%	-40.03%	-
Gross Margin	27.75%	28.08%	30.68%	28.05%	32.67%	34.23%
Operating Margin	15.19%	15.20%	17.71%	12.43%	16.20%	18.55%
Profit Margin	13.34%	13.21%	15.45%	11.90%	14.93%	16.80%
Free Cash Flow Margin	-16.13%	-24.44%	-9.98%	-22.72%	-14.38%	-3.05%
EBITDA	476.47	380.78	286.2	156.1	144.32	117.36
EBITDA Margin	19.10%	19.32%	22.35%	15.74%	19.37%	21.90%
D&A For EBITDA	97.62	81.27	59.48	32.81	23.61	17.95
EBIT	378.85	299.5	226.71	123.29	120.72	99.4
EBIT Margin	15.19%	15.20%	17.71%	12.43%	16.20%	18.55%
Effective Tax Rate	11.21%	10.86%	10.93%	2.53%	10.49%	12.26%
Revenue as Reported	2,495	1,971	1,280	991.87	745.08	535.93

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