HIT Welding Industry Co.,Ltd (SHE:301137)

SHE:301137 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	1,735	1,562	1,571	1,564	1,707	1,356
Other Revenue	11.23	11.23	7.85	6.97	8.19	7.15
Revenue	1,746	1,573	1,579	1,571	1,716	1,363
Revenue Growth (YoY)	14.14%	-0.36%	0.49%	-8.43%	25.89%	14.42%
Cost of Revenue	1,552	1,417	1,411	1,437	1,518	1,160
Gross Profit	194.34	155.62	167.79	134	197.86	202.87
Selling, General & Admin	85.53	74.16	65.72	55.45	55.33	53.34
Research & Development	66.81	55.96	50.43	52.72	52.42	42.54
Other Operating Expenses	7.61	6.8	6.58	5.05	4.99	5.07
Operating Expenses	156.97	141.74	127.22	113.64	115.02	104.11
Operating Income	37.37	13.87	40.57	20.36	82.84	98.76
Interest Expense	-7.28	-6.69	-6.82	-10.86	-8.5	-7.04
Interest & Investment Income	4.05	6.08	11.92	4.16	0.69	0.58
Currency Exchange Gain (Loss)	1.66	1.66	1.46	3.71	-0.94	-1.67
Other Non Operating Income (Expenses)	-3.09	-0.24	-0.04	-0.61	-0.58	-0.94
EBT Excluding Unusual Items	32.71	14.7	47.11	16.75	73.51	89.69
Gain (Loss) on Sale of Investments	-	-	-	5.01	-	0
Gain (Loss) on Sale of Assets	0.1	0.33	1.13	0.02	0	-
Asset Writedown	-1.15	-0.02	-1.62	-1.41	-0.36	-2.81
Other Unusual Items	25.22	25.22	16.27	26.45	11.99	4.74
Pretax Income	56.88	40.22	62.89	46.82	85.14	91.63
Income Tax Expense	2.64	-0.26	4.9	0.76	8.23	12.29
Earnings From Continuing Operations	54.24	40.48	57.99	46.05	76.92	79.33
Minority Interest in Earnings	-4.62	-	-	-	-	-
Net Income	49.62	40.48	57.99	46.05	76.92	79.33
Net Income to Common	49.62	40.48	57.99	46.05	76.92	79.33
Net Income Growth	12.70%	-30.19%	25.92%	-40.13%	-3.05%	13.89%
Shares Outstanding (Basic)	184	184	181	171	137	137
Shares Outstanding (Diluted)	184	184	181	171	137	137
Shares Change (YoY)	1.64%	1.54%	6.25%	24.19%	0.42%	0.31%
EPS (Basic)	0.27	0.22	0.32	0.27	0.56	0.58
EPS (Diluted)	0.27	0.22	0.32	0.27	0.56	0.58
EPS Growth	10.88%	-31.25%	18.52%	-51.79%	-3.45%	13.73%
Free Cash Flow	-17.43	-23.17	-82.01	-103.45	-94.41	47.68
Free Cash Flow Per Share	-0.10	-0.13	-0.45	-0.61	-0.69	0.35
Dividend Per Share	0.090	0.090	0.128	0.089	0.085	0.300
Dividend Growth	-29.69%	-29.69%	43.82%	4.71%	-71.67%	-
Gross Margin	11.13%	9.89%	10.63%	8.53%	11.53%	14.89%
Operating Margin	2.14%	0.88%	2.57%	1.30%	4.83%	7.25%
Profit Margin	2.84%	2.57%	3.67%	2.93%	4.48%	5.82%
Free Cash Flow Margin	-1.00%	-1.47%	-5.20%	-6.59%	-5.50%	3.50%
EBITDA	86.8	60.37	83.16	54.23	114.23	123.85
EBITDA Margin	4.97%	3.84%	5.27%	3.45%	6.66%	9.09%
D&A For EBITDA	49.43	46.5	42.58	33.87	31.38	25.08
EBIT	37.37	13.87	40.57	20.36	82.84	98.76
EBIT Margin	2.14%	0.88%	2.57%	1.30%	4.83%	7.25%
Effective Tax Rate	4.64%	-	7.79%	1.63%	9.66%	13.42%
Revenue as Reported	1,746	1,573	1,579	1,571	1,716	1,363

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