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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	8,670	9,102	10,740	15,208	16,007	12,924
Other Revenue	32.73	43.29	82.03	46.32	51.6	44.92
Revenue	8,703	9,146	10,822	15,254	16,059	12,969
Revenue Growth (YoY)	-10.40%	-15.49%	-29.05%	-5.01%	23.82%	24.08%
Cost of Revenue	8,201	8,743	10,177	14,522	15,383	12,465
Gross Profit	501.54	402.58	645.29	731.45	675.51	504.4
Selling, General & Admin	199.72	188.12	231.62	229.37	244.82	189.36
Research & Development	210.68	207.14	181.53	190.93	190.83	128.45
Other Operating Expenses	-23.65	-13.8	2.3	28.54	31.74	20.3
Operating Expenses	393.61	387.41	419.43	451.58	468.16	338.57
Operating Income	107.93	15.17	225.87	279.87	207.35	165.83
Interest Expense	-39.37	-43.91	-34.49	-33.3	-24.61	-11.65
Interest & Investment Income	23.54	32.25	24.14	14.4	69.73	24.01
Currency Exchange Gain (Loss)	-1.3	6.09	2.14	11.22	2.44	2.48
Other Non Operating Income (Expenses)	-10.76	-10.35	-2.34	-1.25	-1.67	-0.77
EBT Excluding Unusual Items	80.04	-0.75	215.33	270.94	253.22	179.91
Impairment of Goodwill	-	-	-	-	-	-5.88
Gain (Loss) on Sale of Investments	4.97	5.15	-0.19	7.19	15.02	17.49
Gain (Loss) on Sale of Assets	-3.11	-2.87	-1.01	-0.95	3.24	-6.25
Asset Writedown	-3.32	-4.11	-0.69	-	-10.38	-0
Other Unusual Items	28.19	19.47	48.76	51.1	34.58	30.95
Pretax Income	106.77	16.89	262.2	328.28	295.7	216.21
Income Tax Expense	57.76	49.49	47.64	40.03	45.03	36.25
Earnings From Continuing Operations	49.02	-32.6	214.56	288.25	250.67	179.96
Minority Interest in Earnings	187.94	180.29	11.9	-18.22	-11.91	-9.67
Net Income	236.96	147.69	226.46	270.03	238.76	170.29
Net Income to Common	236.96	147.69	226.46	270.03	238.76	170.29
Net Income Growth	10.49%	-34.78%	-16.14%	13.10%	40.21%	60.74%
Shares Outstanding (Basic)	846	849	839	844	796	851
Shares Outstanding (Diluted)	846	849	839	844	796	851
Shares Change (YoY)	0.90%	1.20%	-0.61%	6.03%	-6.53%	4.48%
EPS (Basic)	0.28	0.17	0.27	0.32	0.30	0.20
EPS (Diluted)	0.28	0.17	0.27	0.32	0.30	0.20
EPS Growth	9.50%	-35.56%	-15.63%	6.67%	50.00%	53.85%
Free Cash Flow	571.06	-151.58	-25.68	-143.79	170.67	-230.85
Free Cash Flow Per Share	0.68	-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	5.76%	4.40%	5.96%	4.79%	4.21%	3.89%
Operating Margin	1.24%	0.17%	2.09%	1.84%	1.29%	1.28%
Profit Margin	2.72%	1.62%	2.09%	1.77%	1.49%	1.31%
Free Cash Flow Margin	6.56%	-1.66%	-0.24%	-0.94%	1.06%	-1.78%
EBITDA	235.85	135.08	331.66	372.29	286.46	229.12
EBITDA Margin	2.71%	1.48%	3.06%	2.44%	1.78%	1.77%
D&A For EBITDA	127.92	119.91	105.79	92.43	79.11	63.29
EBIT	107.93	15.17	225.87	279.87	207.35	165.83
EBIT Margin	1.24%	0.17%	2.09%	1.84%	1.29%	1.28%
Effective Tax Rate	54.09%	293.03%	18.17%	12.19%	15.23%	16.77%
Revenue as Reported	8,703	9,146	10,822	15,254	16,059	12,969

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