Xi'an Sinofuse Electric Co., Ltd. (SHE:301031)

Xi'an Sinofuse Electric 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	1,844	1,376	1,044	749.27	382.72	225.45
Other Revenue	45.09	45.09	15.62	5.33	2.19	0.78
Revenue	1,889	1,421	1,060	754.6	384.92	226.23
Revenue Growth (YoY)	49.03%	34.11%	40.41%	96.04%	70.14%	18.32%
Cost of Revenue	1,129	868.94	630.09	442.7	230.58	127.81
Gross Profit	759.62	551.99	429.46	311.9	154.34	98.42
Selling, General & Admin	206.53	176.28	156.11	77.66	46.54	24.94
Research & Development	170.13	135.75	120.94	54.84	27.87	14.65
Other Operating Expenses	4.34	7.55	6.26	5.09	1.88	2.03
Operating Expenses	395.63	329.5	291.61	146.17	78	45.11
Operating Income	363.99	222.49	137.85	165.73	76.34	53.32
Interest Expense	-13.85	-7.53	-6.45	-0.68	-0.25	-0
Interest & Investment Income	2.73	1.01	2.53	7.11	4.44	1.7
Currency Exchange Gain (Loss)	-0.27	-0.27	0.6	0.7	-0.26	-0.36
Other Non Operating Income (Expenses)	-0.21	-0.51	-0.46	-0.55	11.1	-0.13
EBT Excluding Unusual Items	352.39	215.18	134.07	172.32	91.36	54.53
Gain (Loss) on Sale of Investments	-0.3	-0.3	-	-	-	-
Gain (Loss) on Sale of Assets	-1.12	-0.55	-0.64	-0.29	0.1	-
Asset Writedown	-0.88	-1.26	-0.12	-1.99	-0.86	-0.02
Other Unusual Items	4.61	4.61	2.97	4.21	-	9.29
Pretax Income	354.71	217.69	136.28	174.24	90.6	63.8
Income Tax Expense	47.32	30.75	19.29	20.44	10.13	8.41
Earnings From Continuing Operations	307.39	186.94	116.98	153.8	80.48	55.39
Minority Interest in Earnings	1.66	-	-	-	-	-
Net Income	309.05	186.94	116.98	153.8	80.48	55.39
Net Income to Common	309.05	186.94	116.98	153.8	80.48	55.39
Net Income Growth	103.98%	59.80%	-23.94%	91.11%	45.30%	46.95%
Shares Outstanding (Basic)	98	98	98	98	88	74
Shares Outstanding (Diluted)	106	103	102	98	88	74
Shares Change (YoY)	-0.20%	0.39%	4.42%	12.03%	18.60%	3.25%
EPS (Basic)	3.15	1.91	1.20	1.57	0.92	0.75
EPS (Diluted)	2.93	1.82	1.14	1.57	0.92	0.75
EPS Growth	104.40%	59.17%	-27.16%	70.59%	22.52%	42.32%
Free Cash Flow	138.16	-19.38	-107.8	-150.44	-116.62	-12.68
Free Cash Flow Per Share	1.31	-0.19	-1.05	-1.53	-1.33	-0.17
Dividend Per Share	0.509	0.507	0.405	0.405	0.405	-
Dividend Growth	7.61%	25.06%	-	-	-	-
Gross Margin	40.21%	38.85%	40.53%	41.33%	40.10%	43.51%
Operating Margin	19.27%	15.66%	13.01%	21.96%	19.83%	23.57%
Profit Margin	16.36%	13.16%	11.04%	20.38%	20.91%	24.48%
Free Cash Flow Margin	7.31%	-1.36%	-10.17%	-19.94%	-30.30%	-5.60%
EBITDA	402.29	254.97	162.57	176.12	82.03	57.46
EBITDA Margin	21.30%	17.94%	15.34%	23.34%	21.31%	25.40%
D&A For EBITDA	38.3	32.48	24.72	10.39	5.7	4.15
EBIT	363.99	222.49	137.85	165.73	76.34	53.32
EBIT Margin	19.27%	15.66%	13.01%	21.96%	19.83%	23.57%
Effective Tax Rate	13.34%	14.13%	14.16%	11.73%	11.18%	13.19%
Revenue as Reported	1,889	1,421	1,060	754.6	384.92	226.23
Advertising Expenses	-	4.4	11.46	6.73	0.69	0.04

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