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

SHE:301626 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	942.91	914.86	827.96	696.9	404.76
Other Revenue	-	13.01	12.58	11.44	1.41
Revenue	942.91	927.87	840.53	708.34	406.16
Revenue Growth (YoY)	1.62%	10.39%	18.66%	74.40%	40.60%
Cost of Revenue	561.27	628.07	598.69	534.54	272.46
Gross Profit	381.65	299.79	241.84	173.8	133.7
Selling, General & Admin	105.63	75.94	63.13	53.03	35.47
Research & Development	69.59	55.34	50.16	40.11	34.33
Other Operating Expenses	-4.74	4.41	6.47	3.97	2.16
Operating Expenses	170.48	134.48	121.92	101.5	72.86
Operating Income	211.17	165.32	119.92	72.3	60.85
Interest Expense	-	-0.43	-1.29	-2.46	-0.87
Interest & Investment Income	0.82	2.19	1.18	0.08	0.31
Currency Exchange Gain (Loss)	-	3.12	5.04	-1.2	-2.15
Other Non Operating Income (Expenses)	2.95	-0.11	-0.09	-0.07	-0.52
EBT Excluding Unusual Items	214.93	170.09	124.76	68.64	57.61
Gain (Loss) on Sale of Investments	1.04	-	-	-	-
Gain (Loss) on Sale of Assets	-	0.02	-	-0.6	0
Asset Writedown	-6.62	-0.06	-0.21	-1.05	-0.73
Other Unusual Items	-	3.3	4.95	2.88	2.23
Pretax Income	209.36	173.34	129.5	69.88	59.12
Income Tax Expense	23.93	19.16	12.79	5.34	6.12
Net Income	185.43	154.18	116.7	64.54	53
Net Income to Common	185.43	154.18	116.7	64.54	53
Net Income Growth	20.26%	32.12%	80.84%	21.76%	44.61%
Shares Outstanding (Basic)	92	87	86	76	75
Shares Outstanding (Diluted)	92	87	86	76	75
Shares Change (YoY)	5.97%	0.20%	13.86%	1.70%	7.95%
EPS (Basic)	2.02	1.78	1.35	0.85	0.71
EPS (Diluted)	2.02	1.78	1.35	0.85	0.71
EPS Growth	13.48%	31.85%	58.82%	19.72%	33.96%
Free Cash Flow	4.69	51.54	6.9	-59.24	-34.12
Free Cash Flow Per Share	0.05	0.59	0.08	-0.78	-0.46
Gross Margin	40.48%	32.31%	28.77%	24.54%	32.92%
Operating Margin	22.39%	17.82%	14.27%	10.21%	14.98%
Profit Margin	19.66%	16.62%	13.88%	9.11%	13.05%
Free Cash Flow Margin	0.50%	5.56%	0.82%	-8.36%	-8.40%
EBITDA	254.08	200.49	150.53	94.03	73.25
EBITDA Margin	26.95%	21.61%	17.91%	13.27%	18.03%
D&A For EBITDA	42.92	35.17	30.61	21.73	12.4
EBIT	211.17	165.32	119.92	72.3	60.85
EBIT Margin	22.39%	17.82%	14.27%	10.21%	14.98%
Effective Tax Rate	11.43%	11.05%	9.88%	7.64%	10.35%
Revenue as Reported	-	927.87	840.53	708.34	406.16
Advertising Expenses	-	0.14	0.19	0.16	0.07

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