Poly Developments and Holdings Group Co., Ltd. (SHA:600048)

SHA:600048 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	301,246	310,299	345,380	280,126	283,875	241,876
Other Revenue	1,368	1,368	1,492	936.51	1,077	1,287
Revenue	302,614	311,666	346,872	281,063	284,952	243,163
Revenue Growth (YoY)	-10.23%	-10.15%	23.41%	-1.36%	17.18%	3.06%
Cost of Revenue	270,039	273,225	295,678	220,123	208,514	163,127
Gross Profit	32,575	38,441	51,194	60,940	76,438	80,037
Selling, General & Admin	13,907	13,974	14,036	12,274	12,818	11,199
Research & Development	40.01	56.31	85.87	1,238	1,436	1,260
Other Operating Expenses	5,341	5,904	10,169	12,883	15,596	18,497
Operating Expenses	19,356	20,073	24,289	26,437	29,899	30,981
Operating Income	13,219	18,368	26,905	34,503	46,539	49,055
Interest Expense	-5,640	-5,763	-6,573	-5,507	-5,583	-5,870
Interest & Investment Income	2,051	3,557	4,981	7,470	8,716	8,647
Currency Exchange Gain (Loss)	-154.26	-154.26	-77.49	-848.47	78.21	535.31
Other Non Operating Income (Expenses)	-1,058	-1,018	-530.97	56.47	-439.82	2.98
EBT Excluding Unusual Items	8,417	14,990	24,705	35,674	49,311	52,370
Gain (Loss) on Sale of Investments	-234.58	-16.63	-661.22	-414.55	246.22	53.39
Gain (Loss) on Sale of Assets	112.27	81.68	231.97	112.93	15.8	-10.09
Asset Writedown	-25.84	1.42	-2.01	-1.12	-1.41	-18.83
Other Unusual Items	524.82	524.82	351.95	-70.42	463.73	145.14
Pretax Income	8,794	15,581	24,626	35,301	50,035	52,539
Income Tax Expense	4,782	5,843	6,727	8,313	12,845	12,490
Earnings From Continuing Operations	4,012	9,738	17,899	26,987	37,189	40,049
Minority Interest in Earnings	-4,894	-4,737	-5,832	-8,667	-9,802	-11,100
Net Income	-882.79	5,001	12,067	18,320	27,388	28,950
Net Income to Common	-882.79	5,001	12,067	18,320	27,388	28,950
Net Income Growth	-	-58.55%	-34.13%	-33.11%	-5.39%	3.54%
Shares Outstanding (Basic)	12,070	11,908	11,948	11,974	11,960	11,963
Shares Outstanding (Diluted)	12,070	11,908	11,948	11,974	11,960	11,963
Shares Change (YoY)	1.91%	-0.34%	-0.22%	0.12%	-0.02%	0.55%
EPS (Basic)	-0.07	0.42	1.01	1.53	2.29	2.42
EPS (Diluted)	-0.07	0.42	1.01	1.53	2.29	2.42
EPS Growth	-	-58.42%	-33.99%	-33.19%	-5.37%	2.98%
Free Cash Flow	32,085	6,078	13,751	7,236	10,280	14,758
Free Cash Flow Per Share	2.66	0.51	1.15	0.60	0.86	1.23
Dividend Per Share	0.170	0.170	0.410	0.450	0.580	0.730
Dividend Growth	-58.54%	-58.54%	-8.89%	-22.41%	-20.55%	-10.98%
Gross Margin	10.76%	12.33%	14.76%	21.68%	26.82%	32.91%
Operating Margin	4.37%	5.89%	7.76%	12.28%	16.33%	20.17%
Profit Margin	-0.29%	1.60%	3.48%	6.52%	9.61%	11.91%
Free Cash Flow Margin	10.60%	1.95%	3.96%	2.57%	3.61%	6.07%
EBITDA	14,738	19,934	28,533	36,026	47,933	50,236
EBITDA Margin	4.87%	6.40%	8.23%	12.82%	16.82%	20.66%
D&A For EBITDA	1,519	1,566	1,627	1,524	1,394	1,181
EBIT	13,219	18,368	26,905	34,503	46,539	49,055
EBIT Margin	4.37%	5.89%	7.76%	12.28%	16.33%	20.17%
Effective Tax Rate	54.38%	37.50%	27.32%	23.55%	25.67%	23.77%
Revenue as Reported	302,614	311,666	346,894	281,108	285,024	243,222
Advertising Expenses	-	1,661	1,666	1,625	1,824	1,649

Source: S&P Global Market Intelligence. Standard template. Financial Sources.