Changzhou Xiangming Intelligent Drive System Corporation (SHE:301226)

SHE:301226 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	Jan 1, 2024	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	500.14	498.12	570.75	629.85	720.11	542.08
Other Revenue	11.22	11.22	11.02	12.83	14.74	8.69
Revenue	511.36	509.34	581.77	642.68	734.86	550.77
Revenue Growth (YoY)	3.20%	-12.45%	-9.48%	-12.54%	33.42%	45.04%
Cost of Revenue	406.86	415.06	472.74	510.76	595.72	428.69
Gross Profit	104.5	94.28	109.03	131.92	139.14	122.08
Selling, General & Admin	56.92	52.5	44.3	43.19	36.79	29.47
Research & Development	33.93	28.8	24.45	27.01	29.09	21.63
Other Operating Expenses	3.01	0.66	4.49	3.7	3.51	3.46
Operating Expenses	93.56	82.12	72.46	73.68	70.97	56.5
Operating Income	10.94	12.16	36.58	58.24	68.17	65.58
Interest Expense	-0.11	-0.13	-0.08	-0.07	-0.1	-0
Interest & Investment Income	8.33	8.36	7.57	5.35	1.92	1.2
Currency Exchange Gain (Loss)	-0.79	-0.79	2.49	4.57	-4.38	-0.2
Other Non Operating Income (Expenses)	2.26	-0.25	-0.43	-0.23	-0.2	-0.12
EBT Excluding Unusual Items	20.63	19.35	46.13	67.86	65.41	66.45
Gain (Loss) on Sale of Investments	4.35	6.88	-1.09	-1.05	3.25	-0.31
Gain (Loss) on Sale of Assets	1.79	1.75	1.85	0.12	0.08	-0.02
Asset Writedown	-0.15	-0.15	-0.01	-4.38	-2.78	-0.11
Other Unusual Items	2.3	2.3	-2.19	8.53	3.22	1.69
Pretax Income	28.92	30.13	44.69	71.08	69.18	67.71
Income Tax Expense	0.64	0.97	3.66	6.34	6.6	8.07
Earnings From Continuing Operations	28.29	29.16	41.04	64.74	62.58	59.65
Minority Interest in Earnings	0.26	0.14	-	-	-	-
Net Income	28.54	29.3	41.04	64.74	62.58	59.65
Net Income to Common	28.54	29.3	41.04	64.74	62.58	59.65
Net Income Growth	40.39%	-28.60%	-36.62%	3.45%	4.92%	185.59%
Shares Outstanding (Basic)	108	109	108	103	81	82
Shares Outstanding (Diluted)	108	109	108	103	81	82
Shares Change (YoY)	0.44%	0.49%	5.08%	26.24%	-0.19%	73.31%
EPS (Basic)	0.26	0.27	0.38	0.63	0.77	0.73
EPS (Diluted)	0.26	0.27	0.38	0.63	0.77	0.73
EPS Growth	39.78%	-28.95%	-39.68%	-18.05%	5.13%	64.78%
Free Cash Flow	55.52	27.71	-23.68	3.68	-17.07	34.17
Free Cash Flow Per Share	0.51	0.26	-0.22	0.04	-0.21	0.42
Dividend Per Share	0.100	0.100	0.230	0.375	0.394	-
Dividend Growth	-56.52%	-56.52%	-38.67%	-4.77%	-	-
Gross Margin	20.44%	18.51%	18.74%	20.53%	18.93%	22.17%
Operating Margin	2.14%	2.39%	6.29%	9.06%	9.28%	11.91%
Profit Margin	5.58%	5.75%	7.05%	10.07%	8.52%	10.83%
Free Cash Flow Margin	10.86%	5.44%	-4.07%	0.57%	-2.32%	6.20%
EBITDA	39.56	37.66	57.9	74.17	81.34	77.08
EBITDA Margin	7.74%	7.39%	9.95%	11.54%	11.07%	13.99%
D&A For EBITDA	28.62	25.5	21.33	15.93	13.17	11.49
EBIT	10.94	12.16	36.58	58.24	68.17	65.58
EBIT Margin	2.14%	2.39%	6.29%	9.06%	9.28%	11.91%
Effective Tax Rate	2.20%	3.22%	8.18%	8.92%	9.54%	11.92%
Revenue as Reported	511.36	509.34	581.77	642.68	734.86	550.77
Advertising Expenses	-	1.16	0.67	0.44	0.53	0.47

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