Shanghai Hi-Road Food Technology Co., Ltd. (SHE:300915)

SHE:300915 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	Dec 31, 2022	Jan 1, 2022	Dec 31, 2020
Operating Revenue	1,070	1,085	942.04	865.64	743.22	570.12
Other Revenue	2.56	2.56	12.53	2.53	3.71	1.53
Revenue	1,073	1,087	954.57	868.16	746.93	571.65
Revenue Growth (YoY)	10.78%	13.89%	9.95%	16.23%	30.66%	-2.04%
Cost of Revenue	720.31	706.51	624.38	581.82	421.01	269.27
Gross Profit	352.68	380.66	330.19	286.35	325.92	302.39
Selling, General & Admin	234.77	233.08	216.77	182.18	194.37	184.68
Research & Development	38.36	36.46	31.13	31.23	32.25	22.11
Other Operating Expenses	5.26	5.04	5.48	4.32	3	1.94
Operating Expenses	280.69	277.47	253.86	217.91	230.12	208.93
Operating Income	71.99	103.18	76.33	68.44	95.81	93.46
Interest Expense	-2.54	-2.6	-2.59	-0.56	-0.62	-0.51
Interest & Investment Income	22.31	24.19	26.82	29.65	27.9	2.26
Currency Exchange Gain (Loss)	0.8	0.8	0.28	4.05	-0.73	-1.71
Other Non Operating Income (Expenses)	-1.54	-0.28	-0.29	-0.2	-0.31	2.73
EBT Excluding Unusual Items	91.02	125.3	100.55	101.38	122.05	96.23
Gain (Loss) on Sale of Investments	-0.77	-0.43	1	2.45	0.6	-
Gain (Loss) on Sale of Assets	0.02	0.02	-0.01	0.38	-0	-0.28
Asset Writedown	-1.35	-1.35	-3.36	-0.09	-0.25	-0
Other Unusual Items	3.53	3.22	1.73	3.19	7.44	5.07
Pretax Income	92.45	126.76	99.9	107.3	129.85	101.02
Income Tax Expense	10.52	16.08	10.39	13.99	17.41	14.2
Earnings From Continuing Operations	81.92	110.67	89.51	93.31	112.44	86.83
Minority Interest in Earnings	0.13	0.12	-0	0	-0	-0
Net Income	82.06	110.79	89.51	93.31	112.44	86.83
Net Income to Common	82.06	110.79	89.51	93.31	112.44	86.83
Net Income Growth	-19.53%	23.78%	-4.07%	-17.01%	29.49%	13.18%
Shares Outstanding (Basic)	89	89	90	90	90	76
Shares Outstanding (Diluted)	89	89	90	90	90	76
Shares Change (YoY)	-0.89%	-0.80%	-0.00%	0.00%	18.03%	12.96%
EPS (Basic)	0.92	1.24	0.99	1.04	1.25	1.14
EPS (Diluted)	0.92	1.24	0.99	1.04	1.25	1.14
EPS Growth	-18.80%	24.77%	-4.07%	-17.01%	9.71%	0.19%
Free Cash Flow	-44.11	-48.48	-93.7	17.64	29.58	59.26
Free Cash Flow Per Share	-0.49	-0.54	-1.04	0.20	0.33	0.78
Dividend Per Share	0.400	0.400	0.400	0.400	0.400	0.400
Gross Margin	32.87%	35.01%	34.59%	32.98%	43.64%	52.90%
Operating Margin	6.71%	9.49%	8.00%	7.88%	12.83%	16.35%
Profit Margin	7.65%	10.19%	9.38%	10.75%	15.05%	15.19%
Free Cash Flow Margin	-4.11%	-4.46%	-9.82%	2.03%	3.96%	10.37%
EBITDA	97.71	127.4	94.53	85.3	111	108.33
EBITDA Margin	9.11%	11.72%	9.90%	9.83%	14.86%	18.95%
D&A For EBITDA	25.72	24.22	18.21	16.86	15.2	14.87
EBIT	71.99	103.18	76.33	68.44	95.81	93.46
EBIT Margin	6.71%	9.49%	8.00%	7.88%	12.83%	16.35%
Effective Tax Rate	11.38%	12.69%	10.40%	13.04%	13.41%	14.05%
Revenue as Reported	1,073	1,087	954.57	868.16	746.93	571.65
Advertising Expenses	-	25.82	23.65	15.13	18.93	10.81

Updated Oct 29, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.