Nanjing Bestway Intelligent Control Technology Co., Ltd. (SHE:301195)

SHE:301195 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	1,093	1,128	1,006	755.26	577.74	434.96
Other Revenue	3.85	1.04	1.53	0.39	0.43	0.75
Revenue	1,096	1,129	1,008	755.65	578.17	435.72
Revenue Growth (YoY)	1.46%	12.05%	33.37%	30.70%	32.69%	47.24%
Cost of Revenue	624.64	658.03	556.47	380.4	276.71	190.31
Gross Profit	471.73	471.24	451.31	375.25	301.46	245.4
Selling, General & Admin	151.75	152.27	135.39	112.11	86.48	70.55
Research & Development	139.52	137.56	107.73	72.91	54.85	46.25
Other Operating Expenses	-15.77	-21.18	-19.54	-13.63	-8.2	-8.28
Operating Expenses	291.86	283.45	230.47	170.57	137.03	120.07
Operating Income	179.86	187.8	220.84	204.68	164.43	125.34
Interest Expense	-0.13	-0.59	-0.28	-1.15	-2.5	-3.64
Interest & Investment Income	32.16	31.88	34.26	8.29	0.82	0.09
Other Non Operating Income (Expenses)	-0.69	-0.49	-1.17	-0.49	-1.53	-1.98
EBT Excluding Unusual Items	211.2	218.6	253.65	211.33	161.23	119.82
Gain (Loss) on Sale of Investments	-2.2	0.04	-2.79	2.79	-	-0.48
Gain (Loss) on Sale of Assets	0.05	-0.12	-0.12	0.05	-0.04	-0.12
Other Unusual Items	-8.15	2.77	1.26	5.71	4.31	2.06
Pretax Income	200.9	221.29	252.01	219.89	165.51	121.28
Income Tax Expense	12.7	20.08	27.05	21.72	18.09	14.59
Net Income	188.2	201.21	224.96	198.17	147.42	106.69
Net Income to Common	188.2	201.21	224.96	198.17	147.42	106.69
Net Income Growth	-9.59%	-10.56%	13.52%	34.43%	38.17%	72.89%
Shares Outstanding (Basic)	132	131	132	113	99	93
Shares Outstanding (Diluted)	134	134	133	113	99	93
Shares Change (YoY)	0.73%	0.77%	18.22%	14.06%	6.71%	-
EPS (Basic)	1.43	1.54	1.71	1.76	1.49	1.15
EPS (Diluted)	1.40	1.50	1.69	1.76	1.49	1.15
EPS Growth	-10.24%	-11.24%	-3.98%	17.86%	29.48%	-
Free Cash Flow	8.72	79.9	138.66	-81.61	55.6	26.59
Free Cash Flow Per Share	0.07	0.60	1.04	-0.72	0.56	0.29
Dividend Per Share	0.650	0.650	0.680	0.600	-	-
Dividend Growth	-4.44%	-4.44%	13.37%	-	-	-
Gross Margin	43.03%	41.73%	44.78%	49.66%	52.14%	56.32%
Operating Margin	16.41%	16.63%	21.91%	27.09%	28.44%	28.77%
Profit Margin	17.16%	17.82%	22.32%	26.22%	25.50%	24.49%
Free Cash Flow Margin	0.80%	7.07%	13.76%	-10.80%	9.62%	6.10%
EBITDA	198.99	206.16	231.38	211.56	169.94	129.09
EBITDA Margin	18.15%	18.26%	22.96%	28.00%	29.39%	29.63%
D&A For EBITDA	19.12	18.36	10.54	6.88	5.51	3.75
EBIT	179.86	187.8	220.84	204.68	164.43	125.34
EBIT Margin	16.41%	16.63%	21.91%	27.09%	28.44%	28.77%
Effective Tax Rate	6.32%	9.07%	10.73%	9.88%	10.93%	12.03%
Revenue as Reported	1,096	1,129	1,008	755.65	578.17	435.72
Advertising Expenses	-	3.31	2.07	1.13	1.56	0.41

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