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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	689.5	655.26	548.38	477.53	435.08	394.39
Other Revenue	2.9	2.84	0.7	0.75	0.67	-
Revenue	692.39	658.1	549.08	478.28	435.76	394.39
Revenue Growth (YoY)	20.81%	19.86%	14.80%	9.76%	10.49%	37.28%
Cost of Revenue	400.54	374.04	319.67	287.7	234.44	219.1
Gross Profit	291.85	284.07	229.41	190.59	201.32	175.29
Selling, General & Admin	119.66	114.66	100.32	84.75	84.51	73.89
Research & Development	45.9	45.96	37.58	31.43	37.98	28.34
Other Operating Expenses	-15.32	-13.54	-18.05	-13.71	-3.65	-14.49
Operating Expenses	151.82	150.48	118.12	105.82	119.64	87.65
Operating Income	140.03	133.59	111.29	84.77	81.68	87.64
Interest Expense	-0.06	-0.05	-0.03	-0.06	-0.11	-
Interest & Investment Income	6	5.19	2.89	3.05	3.46	2.32
Other Non Operating Income (Expenses)	0.02	-0.01	0.07	-0.13	0.07	-0.32
EBT Excluding Unusual Items	145.99	138.71	114.23	87.63	85.09	89.64
Gain (Loss) on Sale of Assets	-0	-0	-	-	-	-
Asset Writedown	-0.21	-0.1	-0.45	0.01	-0.12	-0.06
Other Unusual Items	8.39	5.32	3.08	0.17	0.72	3.55
Pretax Income	154.17	143.93	116.86	87.8	85.69	93.13
Income Tax Expense	19.11	17.3	14.06	10.81	9.51	11.89
Net Income	135.05	126.64	102.8	76.99	76.18	81.24
Net Income to Common	135.05	126.64	102.8	76.99	76.18	81.24
Net Income Growth	25.93%	23.18%	33.53%	1.06%	-6.24%	98.41%
Shares Outstanding (Basic)	121	122	122	122	123	121
Shares Outstanding (Diluted)	121	122	122	122	123	121
Shares Change (YoY)	-1.74%	-0.51%	0.15%	-0.54%	1.33%	4.39%
EPS (Basic)	1.11	1.04	0.84	0.63	0.62	0.67
EPS (Diluted)	1.11	1.04	0.84	0.63	0.62	0.67
EPS Growth	28.16%	23.81%	33.33%	1.61%	-7.46%	90.07%
Free Cash Flow	153.09	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	42.15%	43.16%	41.78%	39.85%	46.20%	44.45%
Operating Margin	20.22%	20.30%	20.27%	17.72%	18.74%	22.22%
Profit Margin	19.50%	19.24%	18.72%	16.10%	17.48%	20.60%
Free Cash Flow Margin	22.11%	18.97%	26.89%	-2.39%	5.68%	24.37%
EBITDA	151.65	145.09	116.18	87.03	84.26	90.07
EBITDA Margin	21.90%	22.05%	21.16%	18.20%	19.34%	22.84%
D&A For EBITDA	11.62	11.5	4.89	2.26	2.59	2.43
EBIT	140.03	133.59	111.29	84.77	81.68	87.64
EBIT Margin	20.22%	20.30%	20.27%	17.72%	18.74%	22.22%
Effective Tax Rate	12.40%	12.02%	12.03%	12.31%	11.10%	12.76%
Revenue as Reported	34.29	-	-	-	-	-
Advertising Expenses	-	0.59	0.59	0.56	0.59	-

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