Shenzhen VAPEL Power Supply Technology Co., Ltd. (SHE:301516)

SHE:301516 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	Dec 31, 2021	Dec 31, 2020
Operating Revenue	780.58	823.99	1,178	1,433	1,420	976.88
Other Revenue	6.45	6.45	6.3	5.91	9.17	7.52
Revenue	787.03	830.45	1,184	1,439	1,429	984.4
Revenue Growth (YoY)	-28.33%	-29.87%	-17.72%	0.71%	45.17%	5.73%
Cost of Revenue	686.9	726.87	972.4	1,177	1,167	763.54
Gross Profit	100.13	103.58	211.71	262.3	262.31	220.86
Selling, General & Admin	59.41	59.67	53.6	60.2	54.37	53.29
Research & Development	108.27	107	92.49	101.94	84.48	77.92
Other Operating Expenses	-0.64	-1.36	-1.01	-1.01	1.39	-3.34
Operating Expenses	170.3	168.32	146.97	163.5	146.21	139.73
Operating Income	-70.16	-64.74	64.74	98.79	116.11	81.13
Interest Expense	-0.43	-1.54	-6.16	-7.47	-6.02	-7.72
Interest & Investment Income	6.89	7.05	2.89	2.44	2.32	2.64
Currency Exchange Gain (Loss)	-0.56	-0.56	-1.61	0.32	0.17	-0.2
Other Non Operating Income (Expenses)	0.29	0.2	0.21	1.49	0.75	0.98
EBT Excluding Unusual Items	-63.98	-59.59	60.07	95.58	113.32	76.83
Gain (Loss) on Sale of Investments	0.09	0.06	-0.02	-0.14	-0.65	-
Gain (Loss) on Sale of Assets	-0.33	-0.28	-0.21	0.02	-0.12	-0.05
Asset Writedown	-21.36	-21.21	-	-0.11	-	-
Other Unusual Items	1.41	1.29	7.04	5.98	5.2	5.93
Pretax Income	-84.17	-79.72	66.88	101.33	117.75	82.71
Income Tax Expense	12.85	9.68	0.87	1.57	8.22	0.29
Net Income	-97.02	-89.39	66.01	99.76	109.54	82.42
Net Income to Common	-97.02	-89.39	66.01	99.76	109.54	82.42
Net Income Growth	-	-	-33.83%	-8.92%	32.91%	61.49%
Shares Outstanding (Basic)	281	281	211	211	211	211
Shares Outstanding (Diluted)	281	281	211	211	211	211
Shares Change (YoY)	23.01%	33.30%	0.02%	-0.06%	-0.32%	-0.62%
EPS (Basic)	-0.35	-0.32	0.31	0.47	0.52	0.39
EPS (Diluted)	-0.35	-0.32	0.31	0.47	0.52	0.39
EPS Growth	-	-	-33.85%	-8.87%	33.33%	62.50%
Free Cash Flow	18.78	42.23	167.46	-1.59	-110.45	87.49
Free Cash Flow Per Share	0.07	0.15	0.80	-0.01	-0.52	0.41
Dividend Per Share	-	-	0.184	-	-	-
Gross Margin	12.72%	12.47%	17.88%	18.22%	18.36%	22.44%
Operating Margin	-8.91%	-7.80%	5.47%	6.86%	8.13%	8.24%
Profit Margin	-12.33%	-10.76%	5.58%	6.93%	7.66%	8.37%
Free Cash Flow Margin	2.39%	5.09%	14.14%	-0.11%	-7.73%	8.89%
EBITDA	-40.66	-35.62	92.35	119.76	132.22	97.75
EBITDA Margin	-5.17%	-4.29%	7.80%	8.32%	9.25%	9.93%
D&A For EBITDA	29.5	29.12	27.62	20.97	16.11	16.62
EBIT	-70.16	-64.74	64.74	98.79	116.11	81.13
EBIT Margin	-8.91%	-7.80%	5.47%	6.86%	8.13%	8.24%
Effective Tax Rate	-	-	1.31%	1.55%	6.98%	0.36%
Revenue as Reported	787.03	830.45	1,184	1,439	1,429	984.4
Advertising Expenses	-	-	-	-	0.1	0.03

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