Kale Environment Technology (Shanghai) Co., Ltd. (SHE:301070)

SHE:301070 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	295.81	324.76	363.04	300.39	339.79	278.67
Other Revenue	5.55	6.43	5.54	3.55	3.37	2.28
Revenue	301.36	331.19	368.58	303.94	343.17	280.95
Revenue Growth (YoY)	-16.16%	-10.14%	21.27%	-11.43%	22.14%	-5.59%
Cost of Revenue	196.3	222.96	223.79	184.56	199.7	146.5
Gross Profit	105.07	108.23	144.79	119.38	143.47	134.45
Selling, General & Admin	107.03	113.97	104.9	83.29	74.09	56.57
Research & Development	17.91	22.75	17.82	13.81	13.66	10.95
Other Operating Expenses	0.5	1.16	2.71	2	0.58	1.91
Operating Expenses	126.94	139.8	127.17	101.21	90.79	70.8
Operating Income	-21.87	-31.56	17.62	18.16	52.68	63.66
Interest Expense	-2.23	-3.2	-1.69	-0.45	-0.71	-0.39
Interest & Investment Income	12.31	14.2	11.38	13.05	4.35	3.08
Currency Exchange Gain (Loss)	0.41	1.11	-0.15	2.87	-0.76	-1.51
Other Non Operating Income (Expenses)	0.1	-0.22	-0.24	0.82	-0.69	-0.14
EBT Excluding Unusual Items	-11.27	-19.67	26.93	34.45	54.87	64.7
Gain (Loss) on Sale of Investments	1.36	0.79	1.4	-0.02	0.89	0.03
Gain (Loss) on Sale of Assets	-1.42	-1.56	0.14	-0.33	0.03	-0.06
Asset Writedown	-0.02	-0.01	-0.13	-0	-0	-0.31
Other Unusual Items	3.54	5.07	1.71	4.14	7.89	10.19
Pretax Income	-7.8	-15.37	30.05	38.23	63.68	74.55
Income Tax Expense	2.22	3.29	4.81	6.41	8.67	11.1
Earnings From Continuing Operations	-10.02	-18.66	25.23	31.82	55.01	63.45
Minority Interest in Earnings	7.54	8.13	1.62	-1.72	-1.23	-0.19
Net Income	-2.48	-10.53	26.85	30.1	53.78	63.26
Net Income to Common	-2.48	-10.53	26.85	30.1	53.78	63.26
Net Income Growth	-	-	-10.78%	-44.04%	-14.99%	-3.57%
Shares Outstanding (Basic)	92	92	90	90	73	68
Shares Outstanding (Diluted)	92	92	92	90	73	68
Shares Change (YoY)	0.36%	0.50%	2.26%	22.64%	8.12%	-0.17%
EPS (Basic)	-0.03	-0.11	0.30	0.34	0.74	0.94
EPS (Diluted)	-0.03	-0.11	0.29	0.34	0.74	0.94
EPS Growth	-	-	-12.75%	-54.37%	-21.37%	-3.41%
Free Cash Flow	40.65	-1.75	-26.82	-32.25	-20.51	12.8
Free Cash Flow Per Share	0.44	-0.02	-0.29	-0.36	-0.28	0.19
Dividend Per Share	-	-	0.286	-	0.357	-
Gross Margin	34.86%	32.68%	39.28%	39.28%	41.81%	47.86%
Operating Margin	-7.26%	-9.53%	4.78%	5.98%	15.35%	22.66%
Profit Margin	-0.82%	-3.18%	7.29%	9.90%	15.67%	22.52%
Free Cash Flow Margin	13.49%	-0.53%	-7.28%	-10.61%	-5.98%	4.55%
EBITDA	-2.37	-13.5	30.04	25.19	57.67	68.54
EBITDA Margin	-0.79%	-4.08%	8.15%	8.29%	16.80%	24.39%
D&A For EBITDA	19.5	18.07	12.42	7.03	4.99	4.88
EBIT	-21.87	-31.56	17.62	18.16	52.68	63.66
EBIT Margin	-7.26%	-9.53%	4.78%	5.98%	15.35%	22.66%
Effective Tax Rate	-	-	16.01%	16.78%	13.61%	14.89%
Revenue as Reported	301.36	331.19	368.58	303.94	343.17	280.95

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