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

Grinm Advanced Materials Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	9,146	10,740	15,208	16,007	12,924
Other Revenue	-	82.03	46.32	51.6	44.92
Revenue	9,146	10,822	15,254	16,059	12,969
Revenue Growth (YoY)	-15.49%	-29.05%	-5.01%	23.82%	24.08%
Cost of Revenue	-	10,177	14,522	15,383	12,465
Gross Profit	9,146	645.29	731.45	675.51	504.4
Selling, General & Admin	-	231.62	229.37	244.82	189.36
Research & Development	-	181.53	190.93	190.83	128.45
Other Operating Expenses	9,130	2.56	28.54	31.74	20.3
Operating Expenses	9,130	420.59	451.58	468.16	338.57
Operating Income	15.4	224.71	279.87	207.35	165.83
Interest Expense	-	-34.49	-33.3	-24.61	-11.65
Interest & Investment Income	-	24.14	14.4	69.73	24.01
Currency Exchange Gain (Loss)	-	2.14	11.22	2.44	2.48
Other Non Operating Income (Expenses)	1.49	-0.44	-1.25	-1.67	-0.77
EBT Excluding Unusual Items	16.89	216.07	270.94	253.22	179.91
Impairment of Goodwill	-	-	-	-	-5.88
Gain (Loss) on Sale of Investments	-	-0.19	7.19	15.02	17.49
Gain (Loss) on Sale of Assets	-	0.45	0.98	3.24	-6.25
Asset Writedown	-	-0.69	-	-10.38	-0
Other Unusual Items	-	46.57	49.16	34.58	30.95
Pretax Income	16.89	262.2	328.28	295.7	216.21
Income Tax Expense	-130.8	47.64	40.03	45.03	36.25
Earnings From Continuing Operations	147.69	214.56	288.25	250.67	179.96
Minority Interest in Earnings	-	11.9	-18.22	-11.91	-9.67
Net Income	147.69	226.46	270.03	238.76	170.29
Net Income to Common	147.69	226.46	270.03	238.76	170.29
Net Income Growth	-34.78%	-16.14%	13.10%	40.21%	60.74%
Shares Outstanding (Basic)	849	839	844	796	851
Shares Outstanding (Diluted)	849	839	844	796	851
Shares Change (YoY)	1.20%	-0.61%	6.03%	-6.53%	4.48%
EPS (Basic)	0.17	0.27	0.32	0.30	0.20
EPS (Diluted)	0.17	0.27	0.32	0.30	0.20
EPS Growth	-35.56%	-15.63%	6.67%	50.00%	53.85%
Free Cash Flow	-	-25.68	-143.79	170.67	-230.85
Free Cash Flow Per Share	-	-0.03	-0.17	0.21	-0.27
Dividend Per Share	-	0.138	0.096	0.085	0.119
Dividend Growth	-	43.75%	12.94%	-28.57%	643.75%
Gross Margin	100.00%	5.96%	4.79%	4.21%	3.89%
Operating Margin	0.17%	2.08%	1.84%	1.29%	1.28%
Profit Margin	1.62%	2.09%	1.77%	1.49%	1.31%
Free Cash Flow Margin	-	-0.24%	-0.94%	1.06%	-1.78%
EBITDA	120.76	330.08	372.29	286.46	229.12
EBITDA Margin	1.32%	3.05%	2.44%	1.78%	1.77%
D&A For EBITDA	105.37	105.37	92.43	79.11	63.29
EBIT	15.4	224.71	279.87	207.35	165.83
EBIT Margin	0.17%	2.08%	1.84%	1.29%	1.28%
Effective Tax Rate	-	18.17%	12.19%	15.23%	16.77%
Revenue as Reported	-	10,822	15,254	16,059	12,969

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