Shanghai Karon Eco-Valve Manufacturing Co., Ltd. (SHE:301151)

SHE:301151 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Jan 1, 2021
Operating Revenue	924.7	913.83	1,056	932.69	1,046	1,015
Other Revenue	0.87	0.87	0.71	0.65	0.49	0.37
Revenue	925.57	914.7	1,057	933.34	1,047	1,015
Revenue Growth (YoY)	-12.50%	-13.46%	13.25%	-10.84%	3.10%	7.38%
Cost of Revenue	632.78	629.32	730.1	601.47	602.75	574.74
Gross Profit	292.8	285.37	326.93	331.87	444.1	440.62
Selling, General & Admin	178.17	174.84	168.02	155.11	169.45	210.69
Research & Development	25.96	28.97	38.42	39.46	43.04	40.87
Other Operating Expenses	0.74	0.09	7.42	5.44	8.73	7.76
Operating Expenses	216.63	214.99	227.15	222.43	230.52	270.76
Operating Income	76.16	70.39	99.78	109.45	213.58	169.86
Interest Expense	-5.31	-5.58	-7	-8.4	-9.17	-17.45
Interest & Investment Income	16.16	16.64	20.02	15.96	1.98	4.53
Currency Exchange Gain (Loss)	0.02	0.02	0.2	2.56	-0.66	0.05
Other Non Operating Income (Expenses)	1.18	1.07	-0.15	-1.53	-0.26	-0.41
EBT Excluding Unusual Items	88.21	82.54	112.84	118.04	205.47	156.57
Gain (Loss) on Sale of Investments	3.55	2.61	3.58	4.99	2.87	0.99
Gain (Loss) on Sale of Assets	0.02	0.02	0.47	-0.07	19.12	0.09
Asset Writedown	-3.99	-0.28	-0.08	-0.13	-0.63	-0.78
Other Unusual Items	8.45	8.45	9.01	4.09	10.49	2.65
Pretax Income	96.25	93.33	125.83	126.91	237.31	159.54
Income Tax Expense	18.08	17.47	27.33	25.22	45	48.44
Net Income	78.17	75.87	98.5	101.7	192.31	111.09
Net Income to Common	78.17	75.87	98.5	101.7	192.31	111.09
Net Income Growth	-20.83%	-22.98%	-3.14%	-47.12%	73.11%	-28.40%
Shares Outstanding (Basic)	168	168	168	154	126	125
Shares Outstanding (Diluted)	168	168	168	154	126	125
Shares Change (YoY)	-0.19%	-0.34%	9.55%	22.28%	0.68%	-
EPS (Basic)	0.46	0.45	0.59	0.66	1.53	0.89
EPS (Diluted)	0.46	0.45	0.59	0.66	1.53	0.89
EPS Growth	-20.68%	-22.71%	-11.59%	-56.75%	71.94%	-
Free Cash Flow	-721.12	-110.82	67.81	-188.78	191.32	113.61
Free Cash Flow Per Share	-4.29	-0.66	0.40	-1.23	1.52	0.91
Dividend Per Share	0.410	0.410	0.400	0.200	0.380	-
Dividend Growth	2.50%	2.50%	100.00%	-47.37%	-	-
Gross Margin	31.63%	31.20%	30.93%	35.56%	42.42%	43.40%
Operating Margin	8.23%	7.70%	9.44%	11.73%	20.40%	16.73%
Profit Margin	8.45%	8.29%	9.32%	10.90%	18.37%	10.94%
Free Cash Flow Margin	-77.91%	-12.12%	6.42%	-20.23%	18.28%	11.19%
EBITDA	96.2	89.67	116.04	122.56	224.36	179.54
EBITDA Margin	10.39%	9.80%	10.98%	13.13%	21.43%	17.68%
D&A For EBITDA	20.04	19.28	16.26	13.11	10.78	9.68
EBIT	76.16	70.39	99.78	109.45	213.58	169.86
EBIT Margin	8.23%	7.70%	9.44%	11.73%	20.40%	16.73%
Effective Tax Rate	18.78%	18.71%	21.72%	19.87%	18.96%	30.37%
Revenue as Reported	925.57	914.7	1,057	933.34	1,047	-
Advertising Expenses	-	11.25	6.13	4.28	4.17	2.88

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