NINGBO HENGSHUAI Co., LTD. (SHE:300969)

SHE:300969 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	911.75	950.51	911.22	732.6	573.78	338.18
Other Revenue	11.78	11.78	12.15	6.15	10.67	2.94
Revenue	923.53	962.29	923.37	738.75	584.45	341.12
Revenue Growth (YoY)	-5.91%	4.21%	24.99%	26.40%	71.33%	3.06%
Cost of Revenue	613.7	628.93	597.99	499.06	386.23	211.87
Gross Profit	309.83	333.36	325.38	239.7	198.22	129.25
Selling, General & Admin	76.94	74.36	69.87	58.61	50.7	39.99
Research & Development	34.34	33.76	29.84	27.75	20.35	12.48
Other Operating Expenses	11.23	6.98	5.24	6.04	3.84	3.08
Operating Expenses	121.58	114.91	108.67	94.58	78.28	56.54
Operating Income	188.25	218.45	216.71	145.11	119.94	72.72
Interest Expense	-0.09	-0.08	-0.13	-0.13	-0.02	-
Interest & Investment Income	15.69	16.52	13.21	12.74	6.04	1.26
Currency Exchange Gain (Loss)	4.39	4.39	2.04	3.26	-1.48	-1.61
Other Non Operating Income (Expenses)	-0.37	-0.22	-2.04	-1.26	-0.62	-0.35
EBT Excluding Unusual Items	207.88	239.06	229.78	159.72	123.86	72.02
Gain (Loss) on Sale of Investments	4.02	3.86	0.99	-1.13	3.76	1.07
Gain (Loss) on Sale of Assets	-0.4	-0.41	-0.08	0.09	0.03	-0.02
Asset Writedown	-0.04	-	-0	-	-	-
Other Unusual Items	9.38	5.54	4.18	6.82	5.9	3.84
Pretax Income	220.83	248.05	234.88	165.5	133.55	76.91
Income Tax Expense	30.11	34.34	32.78	19.97	17.96	10.55
Net Income	190.72	213.71	202.1	145.53	115.6	66.36
Net Income to Common	190.72	213.71	202.1	145.53	115.6	66.36
Net Income Growth	-15.62%	5.75%	38.87%	25.90%	74.21%	1.73%
Shares Outstanding (Basic)	112	112	112	112	102	84
Shares Outstanding (Diluted)	112	112	112	112	102	84
Shares Change (YoY)	0.36%	0.20%	-0.10%	9.30%	22.39%	-0.11%
EPS (Basic)	1.70	1.91	1.81	1.30	1.13	0.79
EPS (Diluted)	1.70	1.91	1.81	1.30	1.13	0.79
EPS Growth	-15.93%	5.53%	39.01%	15.19%	42.34%	1.84%
Free Cash Flow	126.37	134.44	103.55	42.51	-46.28	5.45
Free Cash Flow Per Share	1.13	1.20	0.93	0.38	-0.45	0.07
Dividend Per Share	0.286	0.286	0.286	0.179	0.179	0.179
Dividend Growth	-	-	59.97%	-	-	-
Gross Margin	33.55%	34.64%	35.24%	32.45%	33.92%	37.89%
Operating Margin	20.38%	22.70%	23.47%	19.64%	20.52%	21.32%
Profit Margin	20.65%	22.21%	21.89%	19.70%	19.78%	19.45%
Free Cash Flow Margin	13.68%	13.97%	11.21%	5.75%	-7.92%	1.60%
EBITDA	224.28	253.48	247.71	168.06	138.11	86.95
EBITDA Margin	24.29%	26.34%	26.83%	22.75%	23.63%	25.49%
D&A For EBITDA	36.03	35.03	31.01	22.94	18.17	14.23
EBIT	188.25	218.45	216.71	145.11	119.94	72.72
EBIT Margin	20.38%	22.70%	23.47%	19.64%	20.52%	21.32%
Effective Tax Rate	13.64%	13.84%	13.96%	12.07%	13.45%	13.72%
Revenue as Reported	923.53	962.29	923.37	738.75	584.45	341.12

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