Fujian Qingshan Paper Industry Co., Ltd. (SHA:600103)

SHA:600103 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	2,505	2,545	2,529	2,875	2,805	2,452
Other Revenue	55.55	55.55	144.03	45.93	62.63	43.84
Revenue	2,561	2,600	2,673	2,921	2,867	2,495
Revenue Growth (YoY)	-2.86%	-2.71%	-8.49%	1.87%	14.90%	-6.55%
Cost of Revenue	2,104	2,180	2,226	2,320	2,310	2,171
Gross Profit	456.53	419.95	446.55	601.45	557.68	324.18
Selling, General & Admin	258.52	246.03	270.58	287.72	282.79	287.38
Research & Development	51.27	50.35	56.22	75.65	49.69	38.87
Other Operating Expenses	18.91	16.18	19.43	24.28	26.38	22.54
Operating Expenses	328.57	312.39	348.99	392.02	361.28	348.75
Operating Income	127.96	107.56	97.56	209.43	196.4	-24.57
Interest Expense	-20.35	-21.08	-18.52	-17.14	-28.36	-31.22
Interest & Investment Income	30.76	27.43	27.95	58.63	56.05	53.41
Currency Exchange Gain (Loss)	1.64	1.64	-0.06	4.8	-1.21	-4.47
Other Non Operating Income (Expenses)	-16.35	-14.42	-6.84	-1.09	-0.88	0.16
EBT Excluding Unusual Items	123.66	101.14	100.09	254.62	221.99	-6.7
Impairment of Goodwill	-1.52	-1.52	-1.54	-1.56	-1.55	-2.6
Gain (Loss) on Sale of Investments	24.69	29.9	29.63	4.64	-	-
Gain (Loss) on Sale of Assets	-3.46	-3.4	-0.6	0.86	3.25	258.85
Asset Writedown	-17.32	-13.37	-	-6.7	-0.17	-165.22
Legal Settlements	-0.33	-0.33	-0.33	-0.66	-0.52	-0.65
Other Unusual Items	8.9	8.61	18.42	22.3	17.81	35.51
Pretax Income	134.62	121.02	145.67	273.51	240.8	119.21
Income Tax Expense	31.1	27.46	14.65	54.27	34.26	30.85
Earnings From Continuing Operations	103.52	93.57	131.02	219.24	206.55	88.36
Minority Interest in Earnings	-9.75	-8.82	-9.12	-11.5	-16.25	-11.82
Net Income	93.77	84.75	121.9	207.74	190.29	76.53
Net Income to Common	93.77	84.75	121.9	207.74	190.29	76.53
Net Income Growth	11.70%	-30.48%	-41.32%	9.17%	148.64%	-39.99%
Shares Outstanding (Basic)	2,224	2,224	2,212	2,212	2,236	2,305
Shares Outstanding (Diluted)	2,224	2,224	2,212	2,212	2,236	2,305
Shares Change (YoY)	0.48%	0.55%	0.00%	-1.06%	-3.00%	-0.04%
EPS (Basic)	0.04	0.04	0.06	0.09	0.09	0.03
EPS (Diluted)	0.04	0.04	0.06	0.09	0.09	0.03
EPS Growth	11.17%	-30.85%	-41.32%	10.34%	156.32%	-39.96%
Free Cash Flow	186.87	40.9	-123.7	288.79	384.24	4.04
Free Cash Flow Per Share	0.08	0.02	-0.06	0.13	0.17	0.00
Dividend Per Share	0.012	0.012	0.017	0.050	-	-
Dividend Growth	-28.10%	-28.10%	-66.62%	-	-	-
Gross Margin	17.83%	16.15%	16.71%	20.59%	19.45%	12.99%
Operating Margin	5.00%	4.14%	3.65%	7.17%	6.85%	-0.98%
Profit Margin	3.66%	3.26%	4.56%	7.11%	6.64%	3.07%
Free Cash Flow Margin	7.30%	1.57%	-4.63%	9.89%	13.40%	0.16%
EBITDA	292.43	268.72	245.47	363.06	353.27	150.46
EBITDA Margin	11.42%	10.33%	9.18%	12.43%	12.32%	6.03%
D&A For EBITDA	164.46	161.15	147.91	153.63	156.87	175.03
EBIT	127.96	107.56	97.56	209.43	196.4	-24.57
EBIT Margin	5.00%	4.14%	3.65%	7.17%	6.85%	-0.98%
Effective Tax Rate	23.10%	22.69%	10.06%	19.84%	14.23%	25.88%
Revenue as Reported	2,561	2,600	2,673	2,921	2,867	2,495
Advertising Expenses	-	25.09	31.6	25.89	28.56	22.1

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