Zhejiang Hengda New Material Co.,Ltd. (SHE:301469)

SHE:301469 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	Dec 31, 2021	Dec 31, 2020
Operating Revenue	973.02	889.78	796.99	913.63	715.8	664.31
Other Revenue	47.54	117.85	71.75	39.55	41.94	7.65
Revenue	1,021	1,008	868.74	953.18	757.74	671.96
Revenue Growth (YoY)	2.88%	15.99%	-8.86%	25.79%	12.77%	15.19%
Cost of Revenue	872.27	863.91	709.56	773.69	572.87	494.61
Gross Profit	148.3	143.71	159.18	179.48	184.87	177.35
Selling, General & Admin	44.72	40.25	32.65	29.87	35.16	29.84
Research & Development	40.18	38.79	35.45	39.2	29.92	27.49
Other Operating Expenses	3.73	0.08	-2.97	4.47	3.81	3.1
Operating Expenses	90.93	80.1	65.75	75.58	69.46	64.93
Operating Income	57.36	63.61	93.43	103.9	115.41	112.42
Interest Expense	-0.2	-0.19	-4.2	-5.77	-6.99	-11.05
Interest & Investment Income	3.32	6.99	6.51	3.28	2.16	0.73
Currency Exchange Gain (Loss)	-4.65	-4.33	-8.33	-4.89	0.72	1.72
Other Non Operating Income (Expenses)	-0.28	-0.57	-1.21	-0.88	-0.71	-0.71
EBT Excluding Unusual Items	55.54	65.52	86.2	95.64	110.6	103.12
Gain (Loss) on Sale of Investments	6.07	4.67	-	-	-	-
Gain (Loss) on Sale of Assets	0.21	0.22	-	0	0.12	0
Asset Writedown	-0	-0	0.01	-0	0.01	-0.06
Other Unusual Items	7.78	4.13	10.71	11.12	7.83	2.71
Pretax Income	69.61	74.54	96.92	106.76	118.56	105.77
Income Tax Expense	6.12	6.08	9.29	9.31	14.94	15.97
Net Income	63.49	68.46	87.63	97.45	103.62	89.79
Net Income to Common	63.49	68.46	87.63	97.45	103.62	89.79
Net Income Growth	-25.13%	-21.88%	-10.08%	-5.95%	15.40%	179.83%
Shares Outstanding (Basic)	89	89	74	67	67	67
Shares Outstanding (Diluted)	89	89	74	67	67	67
Shares Change (YoY)	4.63%	19.72%	10.50%	0.15%	-	-
EPS (Basic)	0.71	0.77	1.18	1.45	1.54	1.34
EPS (Diluted)	0.71	0.77	1.18	1.45	1.54	1.34
EPS Growth	-28.44%	-34.75%	-18.62%	-5.84%	15.10%	179.83%
Free Cash Flow	-15.14	139.14	-390.69	73.71	83.73	120.89
Free Cash Flow Per Share	-0.17	1.56	-5.26	1.10	1.25	1.80
Dividend Per Share	0.350	0.350	0.559	-	0.750	-
Dividend Growth	-37.39%	-37.39%	-	-	-	-
Gross Margin	14.53%	14.26%	18.32%	18.83%	24.40%	26.39%
Operating Margin	5.62%	6.31%	10.76%	10.90%	15.23%	16.73%
Profit Margin	6.22%	6.79%	10.09%	10.22%	13.68%	13.36%
Free Cash Flow Margin	-1.48%	13.81%	-44.97%	7.73%	11.05%	17.99%
EBITDA	105.72	104.63	123.74	133.94	139.96	135.9
EBITDA Margin	10.36%	10.38%	14.24%	14.05%	18.47%	20.22%
D&A For EBITDA	48.36	41.02	30.32	30.04	24.55	23.47
EBIT	57.36	63.61	93.43	103.9	115.41	112.42
EBIT Margin	5.62%	6.31%	10.76%	10.90%	15.23%	16.73%
Effective Tax Rate	8.79%	8.15%	9.58%	8.72%	12.60%	15.10%
Revenue as Reported	1,021	1,008	868.74	953.18	-	-
Advertising Expenses	-	0.86	0.04	0.21	0.04	0.07

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