Baoshan Iron & Steel Co., Ltd. (SHA: 600019)

Baoshan Iron & Steel Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	331,143	343,307	366,046	362,953	279,856	290,208
Other Revenue	1,197	1,561	3,012	2,389	2,426	2,226
Revenue	332,340	344,868	369,058	365,342	282,281	292,434
Revenue Growth (YoY)	-3.74%	-6.55%	1.02%	29.42%	-3.47%	-4.28%
Cost of Revenue	313,636	322,861	346,986	325,087	251,723	259,507
Gross Profit	18,703	22,007	22,072	40,255	30,559	32,927
Selling, General & Admin	5,488	6,049	6,140	6,116	5,941	8,990
Research & Development	3,618	3,419	3,168	2,942	8,773	8,864
Other Operating Expenses	-1,429	222.66	569.87	1,432	1,277	1,270
Operating Expenses	7,569	9,743	10,124	10,614	15,680	19,141
Operating Income	11,134	12,265	11,947	29,641	14,879	13,786
Interest Expense	-1,499	-1,623	-2,153	-2,302	-2,080	-2,746
Interest & Investment Income	3,866	4,932	5,361	4,136	3,317	3,738
Currency Exchange Gain (Loss)	31.32	31.32	-132.19	33.68	217.53	-102.87
Other Non Operating Income (Expenses)	-491.4	-67.29	-59.08	-296.46	218.71	-187.59
EBT Excluding Unusual Items	13,041	15,537	14,964	31,212	16,552	14,487
Gain (Loss) on Sale of Investments	-54.38	162.76	43.5	-182.88	-71.7	257.2
Gain (Loss) on Sale of Assets	671.05	677.61	752.33	1,409	120.24	-212.26
Asset Writedown	-2,315	-1,356	-669.76	-2,354	-790.74	-48.78
Other Unusual Items	63.71	63.71	-45.76	624.03	290.32	1,117
Pretax Income	11,407	15,086	15,044	30,708	16,100	15,600
Income Tax Expense	445.94	1,345	1,015	4,253	2,047	1,728
Earnings From Continuing Operations	10,961	13,741	14,029	26,455	14,053	13,872
Minority Interest in Earnings	-1,485	-1,797	-1,842	-2,823	-1,358	-1,309
Net Income	9,476	11,944	12,187	23,632	12,695	12,563
Preferred Dividends & Other Adjustments	143.73	143.73	207.52	59.49	64.68	97.78
Net Income to Common	9,332	11,800	11,979	23,573	12,631	12,465
Net Income Growth	-14.43%	-1.99%	-48.43%	86.15%	1.05%	-41.43%
Shares Outstanding (Basic)	21,621	21,763	21,744	21,978	22,151	22,101
Shares Outstanding (Diluted)	21,621	21,763	21,744	22,005	22,160	22,101
Shares Change (YoY)	1.39%	0.09%	-1.18%	-0.70%	0.27%	0.03%
EPS (Basic)	0.43	0.54	0.55	1.07	0.57	0.56
EPS (Diluted)	0.43	0.54	0.55	1.07	0.57	0.56
EPS Growth	-15.29%	-1.58%	-48.63%	88.16%	1.79%	-41.67%
Free Cash Flow	8,267	4,273	22,296	35,947	8,285	15,448
Free Cash Flow Per Share	0.38	0.20	1.03	1.63	0.37	0.70
Dividend Per Share	0.310	0.310	0.280	0.600	0.300	0.280
Dividend Growth	47.62%	10.71%	-53.33%	100.00%	7.14%	-44.00%
Gross Margin	5.63%	6.38%	5.98%	11.02%	10.83%	11.26%
Operating Margin	3.35%	3.56%	3.24%	8.11%	5.27%	4.71%
Profit Margin	2.81%	3.42%	3.25%	6.45%	4.47%	4.26%
Free Cash Flow Margin	2.49%	1.24%	6.04%	9.84%	2.93%	5.28%
EBITDA	29,778	31,205	31,283	48,432	33,171	32,697
EBITDA Margin	8.96%	9.05%	8.48%	13.26%	11.75%	11.18%
D&A For EBITDA	18,643	18,940	19,336	18,791	18,293	18,912
EBIT	11,134	12,265	11,947	29,641	14,879	13,786
EBIT Margin	3.35%	3.56%	3.24%	8.11%	5.27%	4.71%
Effective Tax Rate	3.91%	8.92%	6.75%	13.85%	12.71%	11.08%
Revenue as Reported	676,840	689,369	736,836	365,342	282,281	292,434

Source: S&P Capital IQ. Standard template. Financial Sources.