Suzhou Tianmai Thermal Technology Co., Ltd. (SHE:301626)

SHE:301626 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	1,060	932.77	914.86	827.96	696.9	404.76
Other Revenue	10.14	10.14	13.01	12.58	11.44	1.41
Revenue	1,070	942.91	927.87	840.53	708.34	406.16
Revenue Growth (YoY)	13.90%	1.62%	10.39%	18.66%	74.40%	40.60%
Cost of Revenue	652.54	568.76	628.07	598.69	534.54	272.46
Gross Profit	417.69	374.15	299.79	241.84	173.8	133.7
Selling, General & Admin	128.94	104.76	75.94	63.13	53.03	35.47
Research & Development	88.11	69.59	55.34	50.16	40.11	34.33
Other Operating Expenses	9.67	1.8	5.36	6.47	3.97	2.16
Operating Expenses	231.66	178.46	135.51	121.92	101.5	72.86
Operating Income	186.04	195.69	164.28	119.92	72.3	60.85
Interest Expense	-0.26	-0.71	-0.43	-1.29	-2.46	-0.87
Interest & Investment Income	6.72	3	2.19	1.18	0.08	0.31
Currency Exchange Gain (Loss)	3.84	3.84	3.12	5.04	-1.2	-2.15
Other Non Operating Income (Expenses)	0.86	-0.1	-0.09	-0.09	-0.07	-0.52
EBT Excluding Unusual Items	197.19	201.71	169.08	124.76	68.64	57.61
Gain (Loss) on Sale of Investments	2.48	1.04	-	-	-	-
Gain (Loss) on Sale of Assets	-0.06	-	0.02	-	-0.6	0
Asset Writedown	0.5	-0.91	-0.06	-0.21	-1.05	-0.73
Other Unusual Items	8.19	7.51	4.31	4.95	2.88	2.23
Pretax Income	208.3	209.36	173.34	129.5	69.88	59.12
Income Tax Expense	20.71	23.93	19.16	12.79	5.34	6.12
Net Income	187.59	185.43	154.18	116.7	64.54	53
Net Income to Common	187.59	185.43	154.18	116.7	64.54	53
Net Income Growth	0.70%	20.26%	32.12%	80.84%	21.76%	44.61%
Shares Outstanding (Basic)	114	92	87	86	76	75
Shares Outstanding (Diluted)	114	92	87	86	76	75
Shares Change (YoY)	31.26%	5.97%	0.20%	13.86%	1.70%	7.95%
EPS (Basic)	1.65	2.02	1.78	1.35	0.85	0.71
EPS (Diluted)	1.65	2.02	1.78	1.35	0.85	0.71
EPS Growth	-23.28%	13.48%	31.85%	58.82%	19.72%	33.96%
Free Cash Flow	-111.81	4.69	51.54	6.9	-59.24	-34.12
Free Cash Flow Per Share	-0.98	0.05	0.59	0.08	-0.78	-0.46
Dividend Per Share	0.560	0.560	-	-	-	-
Gross Margin	39.03%	39.68%	32.31%	28.77%	24.54%	32.92%
Operating Margin	17.38%	20.75%	17.71%	14.27%	10.21%	14.98%
Profit Margin	17.53%	19.66%	16.62%	13.88%	9.11%	13.05%
Free Cash Flow Margin	-10.45%	0.50%	5.56%	0.82%	-8.36%	-8.40%
EBITDA	232.44	237.68	200.39	150.53	94.03	73.25
EBITDA Margin	21.72%	25.21%	21.60%	17.91%	13.27%	18.03%
D&A For EBITDA	46.4	41.99	36.1	30.61	21.73	12.4
EBIT	186.04	195.69	164.28	119.92	72.3	60.85
EBIT Margin	17.38%	20.75%	17.71%	14.27%	10.21%	14.98%
Effective Tax Rate	9.94%	11.43%	11.05%	9.88%	7.64%	10.35%
Revenue as Reported	1,070	942.91	927.87	840.53	708.34	406.16
Advertising Expenses	-	0.05	0.14	0.19	0.16	0.07

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