Shandong University Electric Power Technology Co., Ltd. (SHE:301609)

SHE:301609 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	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	698.32	655.26	548.38	477.53	435.08	394.39
Other Revenue	2.84	2.84	0.7	0.75	0.67	-
Revenue	701.16	658.1	549.08	478.28	435.76	394.39
Revenue Growth (YoY)	20.95%	19.86%	14.80%	9.76%	10.49%	37.28%
Cost of Revenue	409.18	374.04	319.67	287.7	234.44	219.1
Gross Profit	291.98	284.07	229.41	190.59	201.32	175.29
Selling, General & Admin	123.28	114.66	100.32	84.75	84.51	73.89
Research & Development	46.79	45.96	37.58	31.43	37.98	28.34
Other Operating Expenses	-12.28	-13.54	-18.05	-13.71	-3.65	-14.49
Operating Expenses	158.62	150.48	118.12	105.82	119.64	87.65
Operating Income	133.36	133.59	111.29	84.77	81.68	87.64
Interest Expense	-0.05	-0.05	-0.03	-0.06	-0.11	-
Interest & Investment Income	5.46	5.19	2.89	3.05	3.46	2.32
Other Non Operating Income (Expenses)	0.28	-0.01	0.07	-0.13	0.07	-0.32
EBT Excluding Unusual Items	139.05	138.71	114.23	87.63	85.09	89.64
Gain (Loss) on Sale of Assets	-0	-0	-	-	-	-
Asset Writedown	-2.23	-0.1	-0.45	0.01	-0.12	-0.06
Other Unusual Items	13.69	5.32	3.08	0.17	0.72	3.55
Pretax Income	150.52	143.93	116.86	87.8	85.69	93.13
Income Tax Expense	17.72	17.3	14.06	10.81	9.51	11.89
Net Income	132.8	126.64	102.8	76.99	76.18	81.24
Net Income to Common	132.8	126.64	102.8	76.99	76.18	81.24
Net Income Growth	16.17%	23.18%	33.53%	1.06%	-6.24%	98.41%
Shares Outstanding (Basic)	127	122	122	122	123	121
Shares Outstanding (Diluted)	127	122	122	122	123	121
Shares Change (YoY)	3.47%	-0.51%	0.15%	-0.54%	1.33%	4.39%
EPS (Basic)	1.04	1.04	0.84	0.63	0.62	0.67
EPS (Diluted)	1.04	1.04	0.84	0.63	0.62	0.67
EPS Growth	12.27%	23.81%	33.33%	1.61%	-7.46%	90.07%
Free Cash Flow	160.66	124.82	147.65	-11.42	24.77	96.12
Free Cash Flow Per Share	1.26	1.02	1.21	-0.09	0.20	0.79
Gross Margin	41.64%	43.16%	41.78%	39.85%	46.20%	44.45%
Operating Margin	19.02%	20.30%	20.27%	17.72%	18.74%	22.22%
Profit Margin	18.94%	19.24%	18.72%	16.10%	17.48%	20.60%
Free Cash Flow Margin	22.91%	18.97%	26.89%	-2.39%	5.68%	24.37%
EBITDA	145.02	145.09	116.18	87.03	84.26	90.07
EBITDA Margin	20.68%	22.05%	21.16%	18.20%	19.34%	22.84%
D&A For EBITDA	11.66	11.5	4.89	2.26	2.59	2.43
EBIT	133.36	133.59	111.29	84.77	81.68	87.64
EBIT Margin	19.02%	20.30%	20.27%	17.72%	18.74%	22.22%
Effective Tax Rate	11.77%	12.02%	12.03%	12.31%	11.10%	12.76%
Revenue as Reported	43.06	-	-	-	-	-
Advertising Expenses	-	0.59	0.59	0.56	0.59	-

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