Jiangsu Hengshun Vinegar-Industry Co.,Ltd (SHA:600305)

SHA:600305 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	2,261	2,095	2,079	2,095	1,864	1,985
Other Revenue	100.87	100.87	27.12	44.46	28.9	38.92
Revenue	2,361	2,196	2,106	2,139	1,893	2,024
Revenue Growth (YoY)	20.86%	4.25%	-1.52%	12.98%	-6.45%	10.46%
Cost of Revenue	1,570	1,436	1,415	1,411	1,184	1,199
Gross Profit	791.13	759.41	691.41	727.66	708.94	825.19
Selling, General & Admin	529.56	504.74	493.5	456.05	464.51	386.21
Research & Development	92.68	89.73	80.48	83.25	78.54	57.77
Other Operating Expenses	4.76	5.34	9.62	24.69	23.72	22.63
Operating Expenses	629.13	601.86	583.55	564.82	568.03	466.76
Operating Income	162	157.55	107.86	162.84	140.91	358.44
Interest Expense	-0.48	-0.48	-1.18	-4.77	-6.8	-7.2
Interest & Investment Income	2.18	3.23	4.95	1.98	1.74	3.45
Currency Exchange Gain (Loss)	0.6	0.6	0.21	-0.03	-0.03	-0
Other Non Operating Income (Expenses)	0.51	-0.88	1.02	0.11	-1.97	4.97
EBT Excluding Unusual Items	164.81	160.01	112.85	160.13	133.86	359.65
Gain (Loss) on Sale of Investments	-1.36	-0.02	-11.54	4.43	-4.04	23.28
Gain (Loss) on Sale of Assets	-3.3	-3.3	-1.57	-11.09	2.06	-1.02
Asset Writedown	-30.03	-30.03	-	-	-	-
Other Unusual Items	5.51	5.51	2.34	10.16	11.28	7.7
Pretax Income	135.63	132.17	102.09	163.64	143.16	389.61
Income Tax Expense	21.6	20.52	22.26	34.17	24.83	68.59
Earnings From Continuing Operations	114.03	111.65	79.83	129.48	118.33	321.02
Minority Interest in Earnings	14.62	15.69	7.07	8.52	0.59	-5.76
Net Income	128.65	127.34	86.9	137.99	118.92	315.25
Net Income to Common	128.65	127.34	86.9	137.99	118.92	315.25
Net Income Growth	85.79%	46.54%	-37.03%	16.04%	-62.28%	-2.87%
Shares Outstanding (Basic)	1,061	1,061	1,066	993	998	1,003
Shares Outstanding (Diluted)	1,061	1,061	1,066	993	998	1,003
Shares Change (YoY)	-3.02%	-0.47%	7.40%	-0.57%	-0.46%	0.01%
EPS (Basic)	0.12	0.12	0.08	0.14	0.12	0.31
EPS (Diluted)	0.12	0.12	0.08	0.14	0.12	0.31
EPS Growth	91.57%	47.24%	-41.37%	16.71%	-62.11%	-2.87%
Free Cash Flow	130.66	198.55	-83.86	-14.13	180.66	212.15
Free Cash Flow Per Share	0.12	0.19	-0.08	-0.01	0.18	0.21
Dividend Per Share	0.100	0.100	0.070	0.110	0.101	0.157
Dividend Growth	42.86%	42.86%	-36.36%	8.91%	-35.67%	-2.91%
Gross Margin	33.50%	34.58%	32.82%	34.02%	37.44%	40.77%
Operating Margin	6.86%	7.17%	5.12%	7.61%	7.44%	17.71%
Profit Margin	5.45%	5.80%	4.13%	6.45%	6.28%	15.58%
Free Cash Flow Margin	5.53%	9.04%	-3.98%	-0.66%	9.54%	10.48%
EBITDA	244.32	240.16	191.67	247.96	224.74	433.08
EBITDA Margin	10.35%	10.94%	9.10%	11.59%	11.87%	21.40%
D&A For EBITDA	82.32	82.62	83.81	85.12	83.83	74.64
EBIT	162	157.55	107.86	162.84	140.91	358.44
EBIT Margin	6.86%	7.17%	5.12%	7.61%	7.44%	17.71%
Effective Tax Rate	15.92%	15.53%	21.81%	20.88%	17.34%	17.61%
Revenue as Reported	2,361	2,196	2,106	2,139	1,893	2,024
Advertising Expenses	-	223.64	252.07	198.26	218.36	147.66

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.