United Testing Inspection And Certification Technology Co., Ltd. (SHE:301115)

SHE:301115 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	1,398	1,351	1,358	1,150	1,095	905.44
Other Revenue	2.73	2.67	1.11	1.97	1.17	0.25
Revenue	1,401	1,354	1,359	1,152	1,096	905.68
Revenue Growth (YoY)	-3.69%	-0.40%	17.99%	5.14%	20.99%	17.43%
Cost of Revenue	889.15	872.74	867.67	714.81	685.73	571
Gross Profit	511.84	481.14	491.66	437.27	410.07	334.69
Selling, General & Admin	334.15	315.29	291.16	196.31	155.37	130.95
Research & Development	97.08	94.62	79.34	65.35	57.24	42.05
Other Operating Expenses	2.92	0.72	-0.94	0.63	1.53	4.95
Operating Expenses	483.79	449.62	410.82	290.07	226.75	193.1
Operating Income	28.05	31.53	80.85	147.2	183.32	141.58
Interest Expense	-9.32	-10.61	-5.34	-3.8	-5.44	-3.16
Interest & Investment Income	7.78	12.77	19.49	5.74	1.96	0.71
Currency Exchange Gain (Loss)	0.46	-0.57	-0.2	0.22	0.03	-0.35
Other Non Operating Income (Expenses)	-1.84	-5.02	-2.04	0.03	0.79	-2.22
EBT Excluding Unusual Items	25.13	28.1	92.76	149.38	180.67	136.55
Impairment of Goodwill	-19.95	-19.95	-4.1	-	-	-
Gain (Loss) on Sale of Investments	28.47	32.21	33.88	8.82	2.14	-0.66
Gain (Loss) on Sale of Assets	8.14	0.85	-0.35	0.63	0.09	1.27
Asset Writedown	-8.12	-8.62	-4.39	-1.99	-1.35	-0.04
Other Unusual Items	0.35	1.86	10.78	15.19	3.17	6.39
Pretax Income	34.02	34.44	128.58	172.03	184.71	143.51
Income Tax Expense	-3.1	5.63	22.32	9.9	23.71	17.49
Earnings From Continuing Operations	37.12	28.81	106.25	162.13	161	126.02
Minority Interest in Earnings	-13.78	-12.31	-5.66	0.38	0.8	-1.25
Net Income	23.33	16.51	100.59	162.52	161.8	124.76
Net Income to Common	23.33	16.51	100.59	162.52	161.8	124.76
Net Income Growth	-67.40%	-83.59%	-38.11%	0.44%	29.69%	56.90%
Shares Outstanding (Basic)	182	183	183	150	135	126
Shares Outstanding (Diluted)	182	183	183	150	135	126
Shares Change (YoY)	-0.42%	0.29%	21.54%	11.60%	6.99%	9.36%
EPS (Basic)	0.13	0.09	0.55	1.08	1.20	0.99
EPS (Diluted)	0.13	0.09	0.55	1.08	1.20	0.99
EPS Growth	-67.27%	-83.64%	-49.07%	-10.00%	21.21%	43.48%
Free Cash Flow	-65.92	-67.19	-188.42	-83.84	57.58	80.46
Free Cash Flow Per Share	-0.36	-0.37	-1.03	-0.56	0.43	0.64
Dividend Per Share	0.350	0.350	0.350	0.350	-	0.450
Gross Margin	36.53%	35.54%	36.17%	37.95%	37.42%	36.95%
Operating Margin	2.00%	2.33%	5.95%	12.78%	16.73%	15.63%
Profit Margin	1.67%	1.22%	7.40%	14.11%	14.77%	13.78%
Free Cash Flow Margin	-4.71%	-4.96%	-13.86%	-7.28%	5.25%	8.88%
EBITDA	88.65	89.32	128.13	178.83	210.03	162.31
EBITDA Margin	6.33%	6.60%	9.43%	15.52%	19.17%	17.92%
D&A For EBITDA	60.6	57.8	47.28	31.63	26.71	20.72
EBIT	28.05	31.53	80.85	147.2	183.32	141.58
EBIT Margin	2.00%	2.33%	5.95%	12.78%	16.73%	15.63%
Effective Tax Rate	-	16.35%	17.36%	5.75%	12.84%	12.19%
Revenue as Reported	1,401	1,354	1,359	1,152	1,096	905.68

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