Sieyuan Electric Co., Ltd. (SHE:002028)

Sieyuan Electric 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	15,965	15,396	12,391	10,444	8,695	7,312
Other Revenue	61.59	61.59	69.38	92.64	-	60.54
Revenue	16,027	15,458	12,460	10,537	8,695	7,373
Revenue Growth (YoY)	23.80%	24.06%	18.25%	21.18%	17.94%	15.55%
Cost of Revenue	11,060	10,653	8,794	7,757	6,045	5,217
Gross Profit	4,967	4,805	3,666	2,780	2,651	2,156
Selling, General & Admin	1,260	1,222	945.24	686.93	673.57	618.11
Research & Development	1,147	1,105	911.88	666.5	550.85	421.36
Other Operating Expenses	23.69	24.78	14.64	63.72	44.68	37.67
Operating Expenses	2,578	2,490	1,959	1,524	1,328	1,106
Operating Income	2,389	2,315	1,706	1,257	1,323	1,049
Interest Expense	-7.93	-7.81	-6.5	-5.05	-3.43	-2.02
Interest & Investment Income	104.84	105.47	57.07	22.32	22.7	21.12
Currency Exchange Gain (Loss)	-16.19	-16.19	-10.85	12.19	-17.35	-38.96
Other Non Operating Income (Expenses)	2.18	-32.5	-17.26	-14.87	-13.43	-13.38
EBT Excluding Unusual Items	2,472	2,364	1,729	1,271	1,311	1,016
Impairment of Goodwill	-107.48	-107.48	-112.91	-	-	-
Gain (Loss) on Sale of Investments	24.76	29.22	13.39	-38.25	10.38	17.69
Gain (Loss) on Sale of Assets	0.42	0.79	0.75	1.07	-0.65	3.84
Asset Writedown	-2.32	-1.14	-3.65	-1.85	-4.04	-2.83
Other Unusual Items	144.76	144.76	144.87	98.65	86.78	80.21
Pretax Income	2,532	2,431	1,771	1,331	1,404	1,115
Income Tax Expense	345.01	345.71	162.9	43.52	131.37	121.09
Earnings From Continuing Operations	2,187	2,085	1,609	1,288	1,272	993.84
Minority Interest in Earnings	-54.37	-35.76	-49.34	-67.07	-74.65	-60.51
Net Income	2,132	2,049	1,559	1,221	1,198	933.33
Net Income to Common	2,132	2,049	1,559	1,221	1,198	933.33
Net Income Growth	25.13%	31.42%	27.75%	1.91%	28.32%	67.39%
Shares Outstanding (Basic)	779	776	772	768	763	759
Shares Outstanding (Diluted)	779	776	772	768	763	759
Shares Change (YoY)	1.13%	0.56%	0.55%	0.63%	0.53%	-0.65%
EPS (Basic)	2.74	2.64	2.02	1.59	1.57	1.23
EPS (Diluted)	2.74	2.64	2.02	1.59	1.57	1.23
EPS Growth	23.74%	30.69%	27.04%	1.27%	27.64%	68.49%
Free Cash Flow	1,075	1,541	1,539	609.5	-156.33	500.07
Free Cash Flow Per Share	1.38	1.99	1.99	0.79	-0.20	0.66
Dividend Per Share	0.500	0.500	0.400	0.300	0.200	0.200
Dividend Growth	25.03%	25.03%	33.31%	49.99%	-	100.00%
Gross Margin	30.99%	31.08%	29.42%	26.39%	30.48%	29.24%
Operating Margin	14.90%	14.98%	13.70%	11.93%	15.21%	14.23%
Profit Margin	13.30%	13.26%	12.51%	11.58%	13.77%	12.66%
Free Cash Flow Margin	6.71%	9.97%	12.35%	5.78%	-1.80%	6.78%
EBITDA	2,611	2,529	1,883	1,377	1,413	1,133
EBITDA Margin	16.29%	16.36%	15.12%	13.07%	16.25%	15.37%
D&A For EBITDA	222.28	213.19	176.85	120.38	90.59	83.71
EBIT	2,389	2,315	1,706	1,257	1,323	1,049
EBIT Margin	14.90%	14.98%	13.70%	11.93%	15.21%	14.23%
Effective Tax Rate	13.63%	14.22%	9.20%	3.27%	9.36%	10.86%
Revenue as Reported	16,027	15,458	12,460	10,537	8,695	7,373

Updated Jan 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.