Giti Tire Corporation (SHA:600182)

Giti Tire 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	4,673	4,622	4,123	3,475	3,306	2,775
Other Revenue	46.55	46.55	41.31	31.82	36.33	27.79
Revenue	4,720	4,668	4,164	3,507	3,342	2,803
Revenue Growth (YoY)	10.25%	12.11%	18.74%	4.94%	19.22%	-8.70%
Cost of Revenue	3,922	3,818	3,349	3,130	2,948	2,298
Gross Profit	798.03	850.56	815.13	377.37	393.99	505.41
Selling, General & Admin	306.88	303.03	261.79	222.66	208.67	189.57
Research & Development	31.69	29.94	24.52	24.96	22.4	19.5
Other Operating Expenses	31.34	28.79	25.35	19.34	20.53	19.96
Operating Expenses	369.23	361.64	313.81	267.69	253.71	228.53
Operating Income	428.8	488.93	501.32	109.68	140.27	276.88
Interest Expense	-23.38	-22.65	-20.86	-24.5	-30.35	-42.37
Interest & Investment Income	6.3	5.64	3.11	3.15	2.79	2.09
Currency Exchange Gain (Loss)	-4.11	-4.11	6.02	5.12	-16.08	-70.87
Other Non Operating Income (Expenses)	-2.76	-2.62	-2.5	-3.08	-1.56	-0.76
EBT Excluding Unusual Items	404.86	465.19	487.08	90.38	95.08	164.97
Gain (Loss) on Sale of Investments	-2.32	-2.32	-2.84	-0.38	-	-
Gain (Loss) on Sale of Assets	0.61	0.62	-0.7	-0.28	1.92	-1.26
Asset Writedown	1.01	-0.3	-0.36	-0.42	-0.38	-12.93
Other Unusual Items	2.65	2.65	3.71	10.4	7.77	15.31
Pretax Income	406.82	465.85	486.9	99.69	104.38	166.1
Income Tax Expense	99.73	114.47	120.09	22.64	26.26	41.42
Earnings From Continuing Operations	307.09	351.38	366.81	77.05	78.12	124.67
Minority Interest in Earnings	-155.45	-177.09	-183.82	-42.62	-41.98	-65.04
Net Income	151.64	174.29	183	34.42	36.14	59.64
Net Income to Common	151.64	174.29	183	34.42	36.14	59.64
Net Income Growth	-25.16%	-4.76%	431.64%	-4.76%	-39.40%	-31.35%
Shares Outstanding (Basic)	340	340	340	340	340	340
Shares Outstanding (Diluted)	340	340	340	340	340	340
Shares Change (YoY)	-0.02%	-	-0.03%	0.04%	0.00%	0.01%
EPS (Basic)	0.45	0.51	0.54	0.10	0.11	0.18
EPS (Diluted)	0.45	0.51	0.54	0.10	0.11	0.18
EPS Growth	-25.15%	-4.76%	431.82%	-4.80%	-39.40%	-31.35%
Free Cash Flow	465.63	377.72	200.59	31.07	191.32	325.86
Free Cash Flow Per Share	1.37	1.11	0.59	0.09	0.56	0.96
Dividend Per Share	0.910	0.910	0.270	0.035	0.035	0.055
Dividend Growth	237.04%	237.04%	671.43%	-	-36.36%	-30.38%
Gross Margin	16.91%	18.22%	19.57%	10.76%	11.79%	18.03%
Operating Margin	9.09%	10.47%	12.04%	3.13%	4.20%	9.88%
Profit Margin	3.21%	3.73%	4.40%	0.98%	1.08%	2.13%
Free Cash Flow Margin	9.87%	8.09%	4.82%	0.89%	5.73%	11.63%
EBITDA	567.17	625.86	632.53	240.67	270.68	408.09
EBITDA Margin	12.02%	13.41%	15.19%	6.86%	8.10%	14.56%
D&A For EBITDA	138.37	136.94	131.2	130.98	130.4	131.21
EBIT	428.8	488.93	501.32	109.68	140.27	276.88
EBIT Margin	9.09%	10.47%	12.04%	3.13%	4.20%	9.88%
Effective Tax Rate	24.51%	24.57%	24.66%	22.71%	25.16%	24.94%
Revenue as Reported	4,720	4,668	4,164	3,507	3,342	2,803

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