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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	8,680	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	8,723	9,146	10,822	15,254	16,059	12,969
Revenue Growth (YoY)	-13.28%	-15.49%	-29.05%	-5.01%	23.82%	24.08%
Cost of Revenue	8,303	8,743	10,177	14,522	15,383	12,465
Gross Profit	419.87	402.58	645.29	731.45	675.51	504.4
Selling, General & Admin	185.25	188.12	231.62	229.37	244.82	189.36
Research & Development	200.62	207.14	181.53	190.93	190.83	128.45
Other Operating Expenses	-31.31	-13.8	2.3	28.54	31.74	20.3
Operating Expenses	359.4	387.41	419.43	451.58	468.16	338.57
Operating Income	60.47	15.17	225.87	279.87	207.35	165.83
Interest Expense	-43.24	-43.91	-34.49	-33.3	-24.61	-11.65
Interest & Investment Income	33.3	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)	-12.41	-10.35	-2.34	-1.25	-1.67	-0.77
EBT Excluding Unusual Items	44.22	-0.75	215.33	270.94	253.22	179.91
Impairment of Goodwill	-	-	-	-	-	-5.88
Gain (Loss) on Sale of Investments	-0.21	5.15	-0.19	7.19	15.02	17.49
Gain (Loss) on Sale of Assets	-2.86	-2.87	-1.01	-0.95	3.24	-6.25
Asset Writedown	3.63	-4.11	-0.69	-	-10.38	-0
Other Unusual Items	21.25	19.47	48.76	51.1	34.58	30.95
Pretax Income	66.03	16.89	262.2	328.28	295.7	216.21
Income Tax Expense	53.75	49.49	47.64	40.03	45.03	36.25
Earnings From Continuing Operations	12.28	-32.6	214.56	288.25	250.67	179.96
Minority Interest in Earnings	202.34	180.29	11.9	-18.22	-11.91	-9.67
Net Income	214.62	147.69	226.46	270.03	238.76	170.29
Net Income to Common	214.62	147.69	226.46	270.03	238.76	170.29
Net Income Growth	14.08%	-34.78%	-16.14%	13.10%	40.21%	60.74%
Shares Outstanding (Basic)	946	849	839	844	796	851
Shares Outstanding (Diluted)	946	849	839	844	796	851
Shares Change (YoY)	27.46%	1.20%	-0.61%	6.03%	-6.53%	4.48%
EPS (Basic)	0.23	0.17	0.27	0.32	0.30	0.20
EPS (Diluted)	0.23	0.17	0.27	0.32	0.30	0.20
EPS Growth	-10.50%	-35.56%	-15.63%	6.67%	50.00%	53.85%
Free Cash Flow	90.94	-151.58	-25.68	-143.79	170.67	-230.85
Free Cash Flow Per Share	0.10	-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	4.81%	4.40%	5.96%	4.79%	4.21%	3.89%
Operating Margin	0.69%	0.17%	2.09%	1.84%	1.29%	1.28%
Profit Margin	2.46%	1.62%	2.09%	1.77%	1.49%	1.31%
Free Cash Flow Margin	1.04%	-1.66%	-0.24%	-0.94%	1.06%	-1.78%
EBITDA	183.91	135.07	331.66	372.29	286.46	229.12
EBITDA Margin	2.11%	1.48%	3.06%	2.44%	1.78%	1.77%
D&A For EBITDA	123.44	119.91	105.79	92.43	79.11	63.29
EBIT	60.47	15.17	225.87	279.87	207.35	165.83
EBIT Margin	0.69%	0.17%	2.09%	1.84%	1.29%	1.28%
Effective Tax Rate	81.41%	293.03%	18.17%	12.19%	15.23%	16.77%
Revenue as Reported	8,723	9,146	10,822	15,254	16,059	12,969

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