Grinm Advanced Materials Co., Ltd. (SHA:600206)

Grinm Advanced Materials 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	9,113	9,102	10,740	15,208	16,007	12,924
Other Revenue	43.29	43.29	82.03	46.32	51.6	44.92
Revenue	9,156	9,146	10,822	15,254	16,059	12,969
Revenue Growth (YoY)	-1.14%	-15.49%	-29.05%	-5.01%	23.82%	24.08%
Cost of Revenue	8,523	8,743	10,177	14,522	15,383	12,465
Gross Profit	633.8	402.58	645.29	731.45	675.51	504.4
Selling, General & Admin	212.06	188.12	231.62	229.37	244.82	189.36
Research & Development	230.43	207.14	181.53	190.93	190.83	128.45
Other Operating Expenses	-33.76	-13.8	2.3	28.54	31.74	20.3
Operating Expenses	411.97	387.41	419.43	451.58	468.16	338.57
Operating Income	221.83	15.17	225.87	279.87	207.35	165.83
Interest Expense	-12.51	-43.91	-34.49	-33.3	-24.61	-11.65
Interest & Investment Income	13.69	32.25	24.14	14.4	69.73	24.01
Currency Exchange Gain (Loss)	6.09	6.09	2.14	11.22	2.44	2.48
Other Non Operating Income (Expenses)	-42.94	-10.35	-2.34	-1.25	-1.67	-0.77
EBT Excluding Unusual Items	186.15	-0.75	215.33	270.94	253.22	179.91
Impairment of Goodwill	-	-	-	-	-	-5.88
Gain (Loss) on Sale of Investments	-3.11	5.15	-0.19	7.19	15.02	17.49
Gain (Loss) on Sale of Assets	-3.27	-2.87	-1.01	-0.95	3.24	-6.25
Asset Writedown	5.11	-4.11	-0.69	-	-10.38	-0
Other Unusual Items	25.57	19.47	48.76	51.1	34.58	30.95
Pretax Income	210.46	16.89	262.2	328.28	295.7	216.21
Income Tax Expense	50.58	49.49	47.64	40.03	45.03	36.25
Earnings From Continuing Operations	159.88	-32.6	214.56	288.25	250.67	179.96
Minority Interest in Earnings	118.59	180.29	11.9	-18.22	-11.91	-9.67
Net Income	278.47	147.69	226.46	270.03	238.76	170.29
Net Income to Common	278.47	147.69	226.46	270.03	238.76	170.29
Net Income Growth	38.31%	-34.78%	-16.14%	13.10%	40.21%	60.74%
Shares Outstanding (Basic)	847	849	839	844	796	851
Shares Outstanding (Diluted)	847	849	839	844	796	851
Shares Change (YoY)	0.78%	1.20%	-0.61%	6.03%	-6.53%	4.48%
EPS (Basic)	0.33	0.17	0.27	0.32	0.30	0.20
EPS (Diluted)	0.33	0.17	0.27	0.32	0.30	0.20
EPS Growth	37.25%	-35.56%	-15.63%	6.67%	50.00%	53.85%
Free Cash Flow	92.28	-151.58	-25.68	-143.79	170.67	-230.85
Free Cash Flow Per Share	0.11	-0.18	-0.03	-0.17	0.21	-0.27
Dividend Per Share	0.109	0.109	0.138	0.096	0.085	0.119
Dividend Growth	-21.01%	-21.01%	43.75%	12.94%	-28.57%	643.75%
Gross Margin	6.92%	4.40%	5.96%	4.79%	4.21%	3.89%
Operating Margin	2.42%	0.17%	2.09%	1.84%	1.29%	1.28%
Profit Margin	3.04%	1.62%	2.09%	1.77%	1.49%	1.31%
Free Cash Flow Margin	1.01%	-1.66%	-0.24%	-0.94%	1.06%	-1.78%
EBITDA	352.33	135.08	331.66	372.29	286.46	229.12
EBITDA Margin	3.85%	1.48%	3.06%	2.44%	1.78%	1.77%
D&A For EBITDA	130.5	119.91	105.79	92.43	79.11	63.29
EBIT	221.83	15.17	225.87	279.87	207.35	165.83
EBIT Margin	2.42%	0.17%	2.09%	1.84%	1.29%	1.28%
Effective Tax Rate	24.03%	293.03%	18.17%	12.19%	15.23%	16.77%
Revenue as Reported	2,386	9,146	10,822	15,254	16,059	12,969

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