Guangdong Nedfon Air System Co., Ltd. (SHE:301043)

SHE:301043 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	574.34	585.47	556.11	456.1	531.54	401.39
Other Revenue	16.12	16.12	14.03	17.27	19.92	10.95
Revenue	590.45	601.59	570.14	473.38	551.45	412.34
Revenue Growth (YoY)	-0.95%	5.52%	20.44%	-14.16%	33.74%	-4.09%
Cost of Revenue	384.18	379.23	363.32	320.64	379.77	265.09
Gross Profit	206.27	222.35	206.82	152.74	171.69	147.25
Selling, General & Admin	97.53	93.47	92.24	96.08	98.7	56.76
Research & Development	18.06	18.59	17.74	15.26	17.05	12.88
Other Operating Expenses	5.51	5.96	6.58	3.9	3.7	3.95
Operating Expenses	122.24	119.95	116.93	116.66	120.17	73.46
Operating Income	84.03	102.4	89.89	36.08	51.52	73.8
Interest Expense	-6.65	-6.57	-4.74	-2.18	-1.44	-0.83
Interest & Investment Income	19.47	22.52	13.54	7.81	6.57	2.22
Currency Exchange Gain (Loss)	0.58	0.58	0.17	-0.18	-0.11	-0.04
Other Non Operating Income (Expenses)	-1.08	-0.19	-1.13	-1.92	-0.19	-0.08
EBT Excluding Unusual Items	96.34	118.75	97.73	39.61	56.35	75.06
Gain (Loss) on Sale of Investments	-0.63	-1.91	6.87	-0.79	-	-
Gain (Loss) on Sale of Assets	0.14	0.13	2.1	-0.04	0.14	0.16
Asset Writedown	-0.91	0.09	-0.11	-0.04	-0.14	-0.01
Other Unusual Items	3.88	3.85	3.4	6.59	2.85	6.07
Pretax Income	98.82	120.9	109.98	45.33	59.19	81.29
Income Tax Expense	12.78	15.9	13.77	3.64	6.39	10.81
Net Income	86.04	105	96.21	41.7	52.8	70.48
Net Income to Common	86.04	105	96.21	41.7	52.8	70.48
Net Income Growth	-18.29%	9.13%	130.73%	-21.03%	-25.08%	3.09%
Shares Outstanding (Basic)	68	68	68	68	57	51
Shares Outstanding (Diluted)	68	68	68	68	57	51
Shares Change (YoY)	0.38%	-0.08%	-0.18%	20.39%	11.17%	0.11%
EPS (Basic)	1.26	1.54	1.41	0.61	0.93	1.38
EPS (Diluted)	1.26	1.54	1.41	0.61	0.93	1.38
EPS Growth	-18.60%	9.22%	131.15%	-34.41%	-32.61%	2.99%
Free Cash Flow	52.79	27.52	95.96	-94.7	-47.48	66.05
Free Cash Flow Per Share	0.77	0.40	1.41	-1.39	-0.84	1.29
Dividend Per Share	1.460	0.880	0.880	0.610	0.080	-
Dividend Growth	65.91%	-	44.26%	662.50%	-	-
Gross Margin	34.94%	36.96%	36.27%	32.27%	31.13%	35.71%
Operating Margin	14.23%	17.02%	15.77%	7.62%	9.34%	17.90%
Profit Margin	14.57%	17.45%	16.88%	8.81%	9.58%	17.09%
Free Cash Flow Margin	8.94%	4.58%	16.83%	-20.00%	-8.61%	16.02%
EBITDA	105.1	123.97	112.11	57.27	72.27	88.97
EBITDA Margin	17.80%	20.61%	19.66%	12.10%	13.11%	21.58%
D&A For EBITDA	21.07	21.56	22.23	21.18	20.76	15.18
EBIT	84.03	102.4	89.89	36.08	51.52	73.8
EBIT Margin	14.23%	17.02%	15.77%	7.62%	9.34%	17.90%
Effective Tax Rate	12.93%	13.15%	12.52%	8.02%	10.79%	13.30%
Revenue as Reported	590.45	601.59	570.14	473.38	551.45	412.34
Advertising Expenses	-	25.93	22.41	31.17	31.86	6.67

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