China Saftower International Holding Group Limited (HKG:8623)

The Duckhorn Portfolio 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
Revenue	256.61	244.69	757.9	544.39	518.16
Revenue Growth (YoY)	4.87%	-67.72%	39.22%	5.06%	-24.41%
Cost of Revenue	255.56	244.32	773.48	538.33	481.7
Gross Profit	1.05	0.37	-15.58	6.06	36.46
Selling, General & Admin	29.79	44.32	27.61	30.95	24.6
Operating Expenses	72.43	49.56	30.31	34.03	24.84
Operating Income	-71.38	-49.19	-45.89	-27.97	11.61
Interest Expense	-6.86	-7.08	-10.3	-10.55	-8.82
Interest & Investment Income	0.03	2.49	2.47	1.51	0.02
Other Non Operating Income (Expenses)	18.6	5.38	20.02	11.69	-0.23
EBT Excluding Unusual Items	-59.62	-48.41	-33.69	-25.33	2.59
Merger & Restructuring Charges	-	-	-	-3.3	-
Impairment of Goodwill	-	-0.6	-	-	-
Gain (Loss) on Sale of Investments	-	-	1.52	0.3	-
Gain (Loss) on Sale of Assets	-	-	0.04	-	0.08
Asset Writedown	-2	-7.84	-	-2.64	-
Other Unusual Items	-	-	0.14	0.32	-
Pretax Income	-61.62	-56.84	-32	-30.65	2.67
Income Tax Expense	6.56	3.74	-6.36	-4.12	-0.12
Earnings From Continuing Operations	-68.18	-60.59	-25.64	-26.52	2.79
Minority Interest in Earnings	9.34	0.54	4.1	1.3	-0.9
Net Income	-58.84	-60.04	-21.54	-25.22	1.9
Net Income to Common	-58.84	-60.04	-21.54	-25.22	1.9
Net Income Growth	-	-	-	-	-92.88%
Shares Outstanding (Basic)	99	92	92	87	70
Shares Outstanding (Diluted)	99	92	92	87	70
Shares Change (YoY)	7.54%	-	6.36%	24.40%	15.89%
EPS (Basic)	-0.59	-0.65	-0.23	-0.29	0.03
EPS (Diluted)	-0.59	-0.65	-0.23	-0.29	0.03
EPS Growth	-	-	-	-	-93.86%
Free Cash Flow	-6.89	-20.71	45.25	-39.63	-20.22
Free Cash Flow Per Share	-0.07	-0.23	0.49	-0.46	-0.29
Gross Margin	0.41%	0.15%	-2.05%	1.11%	7.04%
Operating Margin	-27.82%	-20.10%	-6.05%	-5.14%	2.24%
Profit Margin	-22.93%	-24.54%	-2.84%	-4.63%	0.37%
Free Cash Flow Margin	-2.69%	-8.46%	5.97%	-7.28%	-3.90%
EBITDA	-65.67	-40.22	-35.8	-19.65	19.48
EBITDA Margin	-25.59%	-16.44%	-4.72%	-3.61%	3.76%
D&A For EBITDA	5.71	8.97	10.09	8.33	7.87
EBIT	-71.38	-49.19	-45.89	-27.97	11.61
EBIT Margin	-27.82%	-20.10%	-6.05%	-5.14%	2.24%

Updated Aug 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.