Minmetals Development Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	56,679	67,171	78,933	81,432	87,430	67,297
Other Revenue	64.34	64.34	62.78	44.5	77.53	22.82
Revenue	56,743	67,236	78,996	81,477	87,508	67,319
Revenue Growth (YoY)	-19.36%	-14.89%	-3.04%	-6.89%	29.99%	8.15%
Cost of Revenue	55,030	65,432	76,658	78,742	84,897	65,567
Gross Profit	1,713	1,804	2,338	2,735	2,611	1,752
Selling, General & Admin	1,145	1,184	1,281	1,254	1,265	1,100
Research & Development	6.71	13.72	10.95	19.67	-	-
Other Operating Expenses	227.49	138.91	124.29	83.04	106.43	63.56
Operating Expenses	1,324	1,195	1,380	1,436	1,345	1,263
Operating Income	389.39	608.31	957.91	1,299	1,265	488.96
Interest Expense	-143.01	-239.34	-305.49	-317.85	-315.33	-219.65
Interest & Investment Income	31.58	32.91	48.89	32.59	54.71	38
Currency Exchange Gain (Loss)	4.41	4.41	-4.04	-191.74	108.98	319.36
Other Non Operating Income (Expenses)	-162.45	-165.51	-49.86	-39.4	-42.51	-25.05
EBT Excluding Unusual Items	119.92	240.78	647.42	782.52	1,071	601.62
Gain (Loss) on Sale of Investments	-268.04	-229.57	-124.64	-189.13	-292.8	-136.36
Gain (Loss) on Sale of Assets	18.06	24.93	6.65	-0.1	17	1.71
Asset Writedown	189.66	-	-134.46	-	-	-1.76
Legal Settlements	-30.79	-30.79	-32.86	-37.61	-40.85	-18.32
Other Unusual Items	314.15	314.15	68.31	46.1	31.41	6.72
Pretax Income	342.95	319.5	430.41	601.78	786.08	453.61
Income Tax Expense	236.82	181.78	249.24	224.77	298.08	188.67
Earnings From Continuing Operations	106.13	137.71	181.17	377	488	264.94
Minority Interest in Earnings	-2.8	-12.06	18.06	-10.5	-9.04	3.75
Net Income	103.33	125.65	199.23	366.5	478.96	268.68
Net Income to Common	103.33	125.65	199.23	366.5	478.96	268.68
Net Income Growth	-33.84%	-36.93%	-45.64%	-23.48%	78.26%	54.46%
Shares Outstanding (Basic)	1,072	1,072	1,072	1,832	1,545	1,072
Shares Outstanding (Diluted)	1,072	1,072	1,072	1,832	1,545	1,072
Shares Change (YoY)	-	-	-41.50%	18.61%	44.14%	-
EPS (Basic)	0.10	0.12	0.19	0.20	0.31	0.25
EPS (Diluted)	0.10	0.12	0.19	0.20	0.31	0.25
EPS Growth	-33.84%	-36.93%	-7.07%	-35.48%	23.67%	54.46%
Free Cash Flow	3,644	1,745	238.39	1,412	916.56	-168.25
Free Cash Flow Per Share	3.40	1.63	0.22	0.77	0.59	-0.16
Gross Margin	3.02%	2.68%	2.96%	3.36%	2.98%	2.60%
Operating Margin	0.69%	0.91%	1.21%	1.59%	1.45%	0.73%
Profit Margin	0.18%	0.19%	0.25%	0.45%	0.55%	0.40%
Free Cash Flow Margin	6.42%	2.60%	0.30%	1.73%	1.05%	-0.25%
EBITDA	483.25	708.97	1,068	1,406	1,373	594.98
EBITDA Margin	0.85%	1.05%	1.35%	1.73%	1.57%	0.88%
D&A For EBITDA	93.86	100.66	109.72	107.1	107.48	106.02
EBIT	389.39	608.31	957.91	1,299	1,265	488.96
EBIT Margin	0.69%	0.91%	1.21%	1.59%	1.45%	0.73%
Effective Tax Rate	69.05%	56.90%	57.91%	37.35%	37.92%	41.59%
Revenue as Reported	56,743	67,236	78,996	81,478	87,511	67,322
Advertising Expenses	-	0.02	0.19	0.07	0.3	0.28

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