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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	667.17	655.26	548.38	477.53	435.08	394.39
Other Revenue	2.84	2.84	0.7	0.75	0.67	-
Revenue	670.02	658.1	549.08	478.28	435.76	394.39
Revenue Growth (YoY)	24.78%	19.86%	14.80%	9.76%	10.49%	37.28%
Cost of Revenue	385.68	374.04	319.67	287.7	234.44	219.1
Gross Profit	284.34	284.07	229.41	190.59	201.32	175.29
Selling, General & Admin	117.32	114.66	100.32	84.75	84.51	73.89
Research & Development	46.52	45.96	37.58	31.43	37.98	28.34
Other Operating Expenses	-17.84	-13.54	-18.05	-13.71	-3.65	-14.49
Operating Expenses	148.56	150.48	118.12	105.82	119.64	87.65
Operating Income	135.78	133.59	111.29	84.77	81.68	87.64
Interest Expense	-0.07	-0.05	-0.03	-0.06	-0.11	-
Interest & Investment Income	5.69	5.19	2.89	3.05	3.46	2.32
Other Non Operating Income (Expenses)	0.13	-0.01	0.07	-0.13	0.07	-0.32
EBT Excluding Unusual Items	141.54	138.71	114.23	87.63	85.09	89.64
Gain (Loss) on Sale of Assets	-0	-0	-	-	-	-
Asset Writedown	-0.23	-0.1	-0.45	0.01	-0.12	-0.06
Other Unusual Items	5.39	5.32	3.08	0.17	0.72	3.55
Pretax Income	146.69	143.93	116.86	87.8	85.69	93.13
Income Tax Expense	17.68	17.3	14.06	10.81	9.51	11.89
Net Income	129.01	126.64	102.8	76.99	76.18	81.24
Net Income to Common	129.01	126.64	102.8	76.99	76.18	81.24
Net Income Growth	29.65%	23.18%	33.53%	1.06%	-6.24%	98.41%
Shares Outstanding (Basic)	122	122	122	122	123	121
Shares Outstanding (Diluted)	122	122	122	122	123	121
Shares Change (YoY)	-1.26%	-0.51%	0.15%	-0.54%	1.33%	4.39%
EPS (Basic)	1.06	1.04	0.84	0.63	0.62	0.67
EPS (Diluted)	1.06	1.04	0.84	0.63	0.62	0.67
EPS Growth	31.31%	23.81%	33.33%	1.61%	-7.46%	90.07%
Free Cash Flow	120.06	124.82	147.65	-11.42	24.77	96.12
Free Cash Flow Per Share	0.99	1.02	1.21	-0.09	0.20	0.79
Gross Margin	42.44%	43.16%	41.78%	39.85%	46.20%	44.45%
Operating Margin	20.27%	20.30%	20.27%	17.72%	18.74%	22.22%
Profit Margin	19.25%	19.24%	18.72%	16.10%	17.48%	20.60%
Free Cash Flow Margin	17.92%	18.97%	26.89%	-2.39%	5.68%	24.37%
EBITDA	147.35	145.09	116.18	87.03	84.26	90.07
EBITDA Margin	21.99%	22.05%	21.16%	18.20%	19.34%	22.84%
D&A For EBITDA	11.57	11.5	4.89	2.26	2.59	2.43
EBIT	135.78	133.59	111.29	84.77	81.68	87.64
EBIT Margin	20.27%	20.30%	20.27%	17.72%	18.74%	22.22%
Effective Tax Rate	12.05%	12.02%	12.03%	12.31%	11.10%	12.76%
Advertising Expenses	-	0.59	0.59	0.56	0.59	-

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