Shanghai Zhenhua Heavy Industries Co., Ltd. (SHA:600320)

SHA:600320 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	34,277	32,742	30,026	25,664	22,397
Other Revenue	179.09	190.97	166.18	314.06	258.5
Revenue	34,456	32,933	30,192	25,978	22,655
Revenue Growth (YoY)	4.63%	9.08%	16.22%	14.67%	-7.89%
Cost of Revenue	30,167	28,783	26,232	23,762	19,584
Gross Profit	4,290	4,150	3,960	2,216	3,071
Selling, General & Admin	1,034	1,051	1,009	974	1,036
Research & Development	1,502	1,312	1,118	883.15	737.47
Other Operating Expenses	334.43	291.3	174.76	108.18	106.28
Operating Expenses	3,428	3,045	2,634	2,160	2,067
Operating Income	861.93	1,105	1,326	55.6	1,004
Interest Expense	-812.9	-965.87	-1,038	-1,094	-1,343
Interest & Investment Income	467.3	497.7	617.96	1,643	782.63
Currency Exchange Gain (Loss)	124.59	44.67	-98.7	108.52	-85.69
Other Non Operating Income (Expenses)	1.33	-75.61	-75.65	-35.74	-58.54
EBT Excluding Unusual Items	642.25	606.18	731.38	676.73	298.71
Gain (Loss) on Sale of Investments	13.43	-27.34	-276.05	-235.91	94.17
Gain (Loss) on Sale of Assets	106.96	79.04	66.19	71.28	6.76
Other Unusual Items	170.78	125.45	127.22	92.45	102.57
Pretax Income	937.43	785.16	655.23	605.34	502.21
Income Tax Expense	157.48	138.61	57.67	77	86.07
Earnings From Continuing Operations	779.94	646.54	597.56	528.35	416.14
Minority Interest in Earnings	-246.42	-126.57	-225.63	-88.51	6.1
Net Income	533.52	519.98	371.94	439.84	422.24
Net Income to Common	533.52	519.98	371.94	439.84	422.24
Net Income Growth	2.60%	39.80%	-15.44%	4.17%	-18.00%
Shares Outstanding (Basic)	5,335	5,200	5,313	5,498	5,268
Shares Outstanding (Diluted)	5,335	5,200	5,313	5,498	5,268
Shares Change (YoY)	2.60%	-2.14%	-3.36%	4.36%	0.27%
EPS (Basic)	0.10	0.10	0.07	0.08	0.08
EPS (Diluted)	0.10	0.10	0.07	0.08	0.08
EPS Growth	-	42.86%	-12.50%	0.00%	-18.37%
Free Cash Flow	4,214	4,437	2,080	854.23	-819.52
Free Cash Flow Per Share	0.79	0.85	0.39	0.15	-0.16
Dividend Per Share	0.055	0.050	-	0.047	-
Dividend Growth	10.00%	-	-	-	-
Gross Margin	12.45%	12.60%	13.12%	8.53%	13.55%
Operating Margin	2.50%	3.36%	4.39%	0.21%	4.43%
Profit Margin	1.55%	1.58%	1.23%	1.69%	1.86%
Free Cash Flow Margin	12.23%	13.47%	6.89%	3.29%	-3.62%
EBITDA	2,326	2,457	2,592	1,352	2,327
EBITDA Margin	6.75%	7.46%	8.59%	5.21%	10.27%
D&A For EBITDA	1,464	1,352	1,266	1,297	1,324
EBIT	861.93	1,105	1,326	55.6	1,004
EBIT Margin	2.50%	3.36%	4.39%	0.21%	4.43%
Effective Tax Rate	16.80%	17.65%	8.80%	12.72%	17.14%
Revenue as Reported	34,456	32,933	30,192	25,978	-
Advertising Expenses	9.68	11.03	3.8	3.23	5.75

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