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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	946.32	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	956.46	942.91	927.87	840.53	708.34	406.16
Revenue Growth (YoY)	1.85%	1.62%	10.39%	18.66%	74.40%	40.60%
Cost of Revenue	573.07	568.76	628.07	598.69	534.54	272.46
Gross Profit	383.4	374.15	299.79	241.84	173.8	133.7
Selling, General & Admin	110.85	104.76	75.94	63.13	53.03	35.47
Research & Development	74.16	69.59	55.34	50.16	40.11	34.33
Other Operating Expenses	5.16	1.8	5.36	6.47	3.97	2.16
Operating Expenses	191.9	178.46	135.51	121.92	101.5	72.86
Operating Income	191.5	195.69	164.28	119.92	72.3	60.85
Interest Expense	-0.74	-0.71	-0.43	-1.29	-2.46	-0.87
Interest & Investment Income	5.66	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)	-1.23	-0.1	-0.09	-0.09	-0.07	-0.52
EBT Excluding Unusual Items	199.02	201.71	169.08	124.76	68.64	57.61
Gain (Loss) on Sale of Investments	0.47	1.04	-	-	-	-
Gain (Loss) on Sale of Assets	0.21	-	0.02	-	-0.6	0
Asset Writedown	-1.12	-0.91	-0.06	-0.21	-1.05	-0.73
Other Unusual Items	7.81	7.51	4.31	4.95	2.88	2.23
Pretax Income	206.39	209.36	173.34	129.5	69.88	59.12
Income Tax Expense	23.04	23.93	19.16	12.79	5.34	6.12
Net Income	183.35	185.43	154.18	116.7	64.54	53
Net Income to Common	183.35	185.43	154.18	116.7	64.54	53
Net Income Growth	3.18%	20.26%	32.12%	80.84%	21.76%	44.61%
Shares Outstanding (Basic)	99	92	87	86	76	75
Shares Outstanding (Diluted)	99	92	87	86	76	75
Shares Change (YoY)	13.96%	5.97%	0.20%	13.86%	1.70%	7.95%
EPS (Basic)	1.85	2.02	1.78	1.35	0.85	0.71
EPS (Diluted)	1.85	2.02	1.78	1.35	0.85	0.71
EPS Growth	-9.46%	13.48%	31.85%	58.82%	19.72%	33.96%
Free Cash Flow	43.78	4.69	51.54	6.9	-59.24	-34.12
Free Cash Flow Per Share	0.44	0.05	0.59	0.08	-0.78	-0.46
Dividend Per Share	0.560	0.560	-	-	-	-
Gross Margin	40.09%	39.68%	32.31%	28.77%	24.54%	32.92%
Operating Margin	20.02%	20.75%	17.71%	14.27%	10.21%	14.98%
Profit Margin	19.17%	19.66%	16.62%	13.88%	9.11%	13.05%
Free Cash Flow Margin	4.58%	0.50%	5.56%	0.82%	-8.36%	-8.40%
EBITDA	234.96	237.68	200.39	150.53	94.03	73.25
EBITDA Margin	24.57%	25.21%	21.60%	17.91%	13.27%	18.03%
D&A For EBITDA	43.46	41.99	36.1	30.61	21.73	12.4
EBIT	191.5	195.69	164.28	119.92	72.3	60.85
EBIT Margin	20.02%	20.75%	17.71%	14.27%	10.21%	14.98%
Effective Tax Rate	11.16%	11.43%	11.05%	9.88%	7.64%	10.35%
Revenue as Reported	956.46	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.