Shenzhen Honor Electronic Co., Ltd. (SHE:300870)

Shenzhen Honor Electronic 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,299	3,780	2,840	2,688	2,564	2,076
Other Revenue	19.24	17.53	29.61	14.8	7.78	7.28
Revenue	4,319	3,798	2,870	2,703	2,572	2,083
Revenue Growth (YoY)	36.07%	32.32%	6.17%	5.10%	23.45%	58.73%
Cost of Revenue	3,431	3,009	2,320	2,227	2,177	1,647
Gross Profit	887.75	788.44	550.15	476.49	394.72	436.83
Selling, General & Admin	253.17	244.17	223.87	199.7	140.59	110.05
Research & Development	241.61	212.59	230.19	197.89	131.69	68.91
Other Operating Expenses	11.66	9.24	9.94	11.73	8.66	-6.25
Operating Expenses	525.7	491.99	471.78	416.5	291.74	187.13
Operating Income	362.05	296.45	78.38	59.99	102.98	249.7
Interest Expense	-34.58	-28.83	-21.85	-18.65	-5.66	-0.49
Interest & Investment Income	22.4	17.62	139.56	7.66	14.82	2.98
Currency Exchange Gain (Loss)	14.78	27.37	9.96	45.98	-7.52	-34.28
Other Non Operating Income (Expenses)	-5.18	0.08	-5.54	-1.94	-2	-2.82
EBT Excluding Unusual Items	359.47	312.69	200.5	93.04	102.62	215.09
Gain (Loss) on Sale of Investments	-20.2	-23	-	0.12	0.46	3.88
Gain (Loss) on Sale of Assets	-0.98	-1.84	-0.51	-0.82	-0.06	-0
Asset Writedown	-	-	-	-0.76	-0.19	-0.38
Other Unusual Items	17.85	12.2	10.91	18.15	22.18	-
Pretax Income	356.14	300.05	210.9	109.73	125.01	218.59
Income Tax Expense	39.59	31.58	16.81	21.63	13.92	24.64
Earnings From Continuing Operations	316.55	268.47	194.09	88.1	111.09	193.95
Minority Interest in Earnings	-1.2	-0.48	1.64	2.32	-	-
Net Income	315.35	267.99	195.73	90.42	111.09	193.95
Net Income to Common	315.35	267.99	195.73	90.42	111.09	193.95
Net Income Growth	15.21%	36.92%	116.46%	-18.60%	-42.72%	72.48%
Shares Outstanding (Basic)	100	100	101	102	101	84
Shares Outstanding (Diluted)	100	100	101	102	101	84
Shares Change (YoY)	0.26%	-1.77%	-0.18%	0.60%	19.76%	10.99%
EPS (Basic)	3.15	2.69	1.93	0.89	1.10	2.30
EPS (Diluted)	3.15	2.69	1.93	0.89	1.10	2.30
EPS Growth	14.92%	39.38%	116.85%	-19.09%	-52.17%	55.41%
Free Cash Flow	261.52	102.96	103.84	-503.81	-356.78	25.51
Free Cash Flow Per Share	2.61	1.03	1.02	-4.96	-3.53	0.30
Dividend Per Share	1.027	0.900	0.340	0.091	0.132	0.330
Dividend Growth	58.73%	164.71%	273.63%	-31.09%	-59.98%	-
Gross Margin	20.56%	20.76%	19.17%	17.63%	15.35%	20.97%
Operating Margin	8.38%	7.81%	2.73%	2.22%	4.00%	11.98%
Profit Margin	7.30%	7.06%	6.82%	3.35%	4.32%	9.31%
Free Cash Flow Margin	6.06%	2.71%	3.62%	-18.64%	-13.87%	1.22%
EBITDA	471.54	398.18	172.81	136.43	151.16	280.96
EBITDA Margin	10.92%	10.48%	6.02%	5.05%	5.88%	13.48%
D&A For EBITDA	109.49	101.73	94.44	76.43	48.18	31.26
EBIT	362.05	296.45	78.38	59.99	102.98	249.7
EBIT Margin	8.38%	7.81%	2.73%	2.22%	4.00%	11.98%
Effective Tax Rate	11.12%	10.53%	7.97%	19.71%	11.13%	11.27%
Revenue as Reported	4,319	3,798	2,870	2,703	2,572	2,083
Advertising Expenses	-	0.47	1.16	0.38	0.45	0.07

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.