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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	9,180	10,740	15,208	16,007	12,924	10,430
Other Revenue	82.03	82.03	46.32	51.6	44.92	22.33
Revenue	9,262	10,822	15,254	16,059	12,969	10,452
Revenue Growth (YoY)	-21.77%	-29.05%	-5.01%	23.82%	24.08%	119.23%
Cost of Revenue	8,723	10,177	14,522	15,383	12,465	10,082
Gross Profit	538.25	645.29	731.45	675.51	504.4	370.87
Selling, General & Admin	181.28	231.62	229.37	244.82	189.36	193.89
Research & Development	208.3	181.53	190.93	190.83	128.45	97.48
Other Operating Expenses	-4.7	2.56	28.54	31.74	20.3	12.8
Operating Expenses	391.35	420.59	451.58	468.16	338.57	304.82
Operating Income	146.9	224.71	279.87	207.35	165.83	66.05
Interest Expense	-39.91	-34.49	-33.3	-24.61	-11.65	-3.47
Interest & Investment Income	24.76	24.14	14.4	69.73	24.01	35.65
Currency Exchange Gain (Loss)	2.14	2.14	11.22	2.44	2.48	0.45
Other Non Operating Income (Expenses)	-3.99	-0.44	-1.25	-1.67	-0.77	-0.42
EBT Excluding Unusual Items	129.91	216.07	270.94	253.22	179.91	98.26
Impairment of Goodwill	-	-	-	-	-5.88	-
Gain (Loss) on Sale of Investments	7.64	-0.19	7.19	15.02	17.49	3.54
Gain (Loss) on Sale of Assets	-0.04	0.45	0.98	3.24	-6.25	-1.25
Asset Writedown	-1.03	-0.69	-	-10.38	-0	-
Other Unusual Items	47.79	46.57	49.16	34.58	30.95	20.88
Pretax Income	184.27	262.2	328.28	295.7	216.21	121.43
Income Tax Expense	52.47	47.64	40.03	45.03	36.25	9.18
Earnings From Continuing Operations	131.79	214.56	288.25	250.67	179.96	112.25
Minority Interest in Earnings	69.54	11.9	-18.22	-11.91	-9.67	-6.31
Net Income	201.33	226.46	270.03	238.76	170.29	105.94
Net Income to Common	201.33	226.46	270.03	238.76	170.29	105.94
Net Income Growth	34.63%	-16.14%	13.10%	40.21%	60.74%	34.16%
Shares Outstanding (Basic)	840	839	844	796	851	815
Shares Outstanding (Diluted)	840	839	844	796	851	815
Shares Change (YoY)	-2.67%	-0.61%	6.03%	-6.53%	4.48%	-7.12%
EPS (Basic)	0.24	0.27	0.32	0.30	0.20	0.13
EPS (Diluted)	0.24	0.27	0.32	0.30	0.20	0.13
EPS Growth	38.32%	-15.63%	6.67%	50.00%	53.85%	44.44%
Free Cash Flow	-452.99	-25.68	-143.79	170.67	-230.85	-172.2
Free Cash Flow Per Share	-0.54	-0.03	-0.17	0.21	-0.27	-0.21
Dividend Per Share	0.138	0.138	0.096	0.085	0.119	0.016
Dividend Growth	43.75%	43.75%	12.94%	-28.57%	643.75%	171.19%
Gross Margin	5.81%	5.96%	4.80%	4.21%	3.89%	3.55%
Operating Margin	1.59%	2.08%	1.83%	1.29%	1.28%	0.63%
Profit Margin	2.17%	2.09%	1.77%	1.49%	1.31%	1.01%
Free Cash Flow Margin	-4.89%	-0.24%	-0.94%	1.06%	-1.78%	-1.65%
EBITDA	261.97	330.08	372.29	286.46	229.12	110.27
EBITDA Margin	2.83%	3.05%	2.44%	1.78%	1.77%	1.05%
D&A For EBITDA	115.07	105.37	92.43	79.11	63.29	44.22
EBIT	146.9	224.71	279.87	207.35	165.83	66.05
EBIT Margin	1.59%	2.08%	1.83%	1.29%	1.28%	0.63%
Effective Tax Rate	28.48%	18.17%	12.19%	15.23%	16.76%	7.56%
Revenue as Reported	9,262	10,822	15,254	16,059	12,969	10,452

Source: S&P Capital IQ. Standard template. Financial Sources.