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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	314,822	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	316,190	311,666	346,872	281,063	284,952	243,163
Revenue Growth (YoY)	-11.34%	-10.15%	23.41%	-1.36%	17.18%	3.06%
Cost of Revenue	278,271	273,225	295,678	220,123	208,514	163,127
Gross Profit	37,919	38,441	51,194	60,940	76,438	80,037
Selling, General & Admin	14,014	13,974	14,036	12,274	12,818	11,199
Research & Development	48.95	56.31	85.87	1,238	1,436	1,260
Other Operating Expenses	5,562	5,904	10,169	12,883	15,596	18,497
Operating Expenses	19,835	20,073	24,289	26,437	29,899	30,981
Operating Income	18,084	18,368	26,905	34,503	46,539	49,055
Interest Expense	-5,797	-5,763	-6,573	-5,507	-5,583	-5,870
Interest & Investment Income	3,163	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)	-917.72	-1,018	-530.97	56.47	-439.82	2.98
EBT Excluding Unusual Items	14,377	14,990	24,705	35,674	49,311	52,370
Gain (Loss) on Sale of Investments	-53.02	-16.63	-661.22	-414.55	246.22	53.39
Gain (Loss) on Sale of Assets	81.95	81.68	231.97	112.93	15.8	-10.09
Asset Writedown	1.68	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	14,933	15,581	24,626	35,301	50,035	52,539
Income Tax Expense	5,809	5,843	6,727	8,313	12,845	12,490
Earnings From Continuing Operations	9,124	9,738	17,899	26,987	37,189	40,049
Minority Interest in Earnings	-4,395	-4,737	-5,832	-8,667	-9,802	-11,100
Net Income	4,728	5,001	12,067	18,320	27,388	28,950
Net Income to Common	4,728	5,001	12,067	18,320	27,388	28,950
Net Income Growth	-59.13%	-58.55%	-34.13%	-33.11%	-5.39%	3.54%
Shares Outstanding (Basic)	12,030	11,908	11,948	11,974	11,960	11,963
Shares Outstanding (Diluted)	12,030	11,908	11,948	11,974	11,960	11,963
Shares Change (YoY)	0.96%	-0.34%	-0.22%	0.12%	-0.02%	0.55%
EPS (Basic)	0.39	0.42	1.01	1.53	2.29	2.42
EPS (Diluted)	0.39	0.42	1.01	1.53	2.29	2.42
EPS Growth	-59.52%	-58.42%	-33.99%	-33.19%	-5.37%	2.98%
Free Cash Flow	41,961	6,078	13,751	7,236	10,280	14,758
Free Cash Flow Per Share	3.49	0.51	1.15	0.60	0.86	1.23
Dividend Per Share	-	-	0.410	0.450	0.580	0.730
Dividend Growth	-	-	-8.89%	-22.41%	-20.55%	-10.98%
Gross Margin	11.99%	12.33%	14.76%	21.68%	26.82%	32.91%
Operating Margin	5.72%	5.89%	7.76%	12.28%	16.33%	20.17%
Profit Margin	1.49%	1.60%	3.48%	6.52%	9.61%	11.91%
Free Cash Flow Margin	13.27%	1.95%	3.96%	2.57%	3.61%	6.07%
EBITDA	19,634	19,934	28,533	36,026	47,933	50,236
EBITDA Margin	6.21%	6.40%	8.23%	12.82%	16.82%	20.66%
D&A For EBITDA	1,550	1,566	1,627	1,524	1,394	1,181
EBIT	18,084	18,368	26,905	34,503	46,539	49,055
EBIT Margin	5.72%	5.89%	7.76%	12.28%	16.33%	20.17%
Effective Tax Rate	38.90%	37.50%	27.32%	23.55%	25.67%	23.77%
Revenue as Reported	316,190	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.