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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Jan 1, 2022	Dec 31, 2020
Operating Revenue	1,049	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	1,052	1,087	954.57	868.16	746.93	571.65
Revenue Growth (YoY)	3.82%	13.89%	9.95%	16.23%	30.66%	-2.04%
Cost of Revenue	772.73	706.51	624.38	581.82	421.01	269.27
Gross Profit	279.28	380.66	330.19	286.35	325.92	302.39
Selling, General & Admin	243.99	233.08	216.77	182.18	194.37	184.68
Research & Development	39.58	36.46	31.13	31.23	32.25	22.11
Other Operating Expenses	4.67	5.04	5.48	4.32	3	1.94
Operating Expenses	288.88	277.47	253.86	217.91	230.12	208.93
Operating Income	-9.6	103.18	76.33	68.44	95.81	93.46
Interest Expense	-2.45	-2.6	-2.59	-0.56	-0.62	-0.51
Interest & Investment Income	17.03	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)	-1.6	-0.28	-0.29	-0.2	-0.31	2.73
EBT Excluding Unusual Items	4.18	125.3	100.55	101.38	122.05	96.23
Gain (Loss) on Sale of Investments	-0.48	-0.43	1	2.45	0.6	-
Gain (Loss) on Sale of Assets	-0.45	0.02	-0.01	0.38	-0	-0.28
Asset Writedown	-0.99	-1.35	-3.36	-0.09	-0.25	-0
Other Unusual Items	6.75	3.22	1.73	3.19	7.44	5.07
Pretax Income	9.02	126.76	99.9	107.3	129.85	101.02
Income Tax Expense	1.36	16.08	10.39	13.99	17.41	14.2
Earnings From Continuing Operations	7.67	110.67	89.51	93.31	112.44	86.83
Minority Interest in Earnings	0.12	0.12	-0	0	-0	-0
Net Income	7.79	110.79	89.51	93.31	112.44	86.83
Net Income to Common	7.79	110.79	89.51	93.31	112.44	86.83
Net Income Growth	-92.98%	23.78%	-4.07%	-17.01%	29.49%	13.18%
Shares Outstanding (Basic)	120	125	126	126	126	107
Shares Outstanding (Diluted)	120	125	126	126	126	107
Shares Change (YoY)	-6.63%	-0.80%	0.01%	0.00%	18.03%	12.96%
EPS (Basic)	0.07	0.89	0.71	0.74	0.89	0.81
EPS (Diluted)	0.07	0.89	0.71	0.74	0.89	0.81
EPS Growth	-92.48%	24.77%	-4.08%	-17.01%	9.71%	0.20%
Free Cash Flow	-64.79	-48.48	-93.7	17.64	29.58	59.26
Free Cash Flow Per Share	-0.54	-0.39	-0.74	0.14	0.23	0.56
Dividend Per Share	0.286	0.286	0.286	0.286	0.286	0.286
Gross Margin	26.55%	35.01%	34.59%	32.98%	43.64%	52.90%
Operating Margin	-0.91%	9.49%	8.00%	7.88%	12.83%	16.35%
Profit Margin	0.74%	10.19%	9.38%	10.75%	15.05%	15.19%
Free Cash Flow Margin	-6.16%	-4.46%	-9.82%	2.03%	3.96%	10.37%
EBITDA	19.12	127.4	94.53	85.3	111	108.33
EBITDA Margin	1.82%	11.72%	9.90%	9.83%	14.86%	18.95%
D&A For EBITDA	28.72	24.22	18.21	16.86	15.2	14.87
EBIT	-9.6	103.18	76.33	68.44	95.81	93.46
EBIT Margin	-0.91%	9.49%	8.00%	7.88%	12.83%	16.35%
Effective Tax Rate	15.04%	12.69%	10.40%	13.04%	13.41%	14.05%
Revenue as Reported	1,052	1,087	954.57	868.16	746.93	571.65
Advertising Expenses	-	25.82	23.65	15.13	18.93	10.81

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