Hang Xiao Steel Structure Co.,Ltd (SHA:600477)

SHA:600477 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	7,617	7,807	10,648	9,777	9,337	7,846
Other Revenue	140.29	140.29	172.54	158.61	240.93	292.58
Revenue	7,757	7,947	10,820	9,935	9,578	8,139
Revenue Growth (YoY)	-27.29%	-26.55%	8.91%	3.73%	17.68%	22.70%
Cost of Revenue	6,554	6,689	9,093	8,418	8,256	6,698
Gross Profit	1,203	1,258	1,727	1,517	1,322	1,441
Selling, General & Admin	481.35	506.21	495.52	492.27	461.31	454.39
Research & Development	401.53	416.38	560.04	487.79	383.41	315.36
Other Operating Expenses	5.58	0.47	29.76	45.32	33.73	88.5
Operating Expenses	1,025	1,055	1,248	1,147	966.98	929.82
Operating Income	178.18	202.57	479.6	369.67	354.91	511.4
Interest Expense	-188.31	-181.38	-161.95	-109.66	-88.38	-51.67
Interest & Investment Income	44.83	45.26	5.49	6.91	9.38	115.82
Currency Exchange Gain (Loss)	1.87	1.87	-1.4	0.81	-2.19	-8.82
Other Non Operating Income (Expenses)	-33.2	-36.39	-24.81	-15.35	-10.6	-3.85
EBT Excluding Unusual Items	3.37	31.94	296.92	252.39	263.12	562.89
Gain (Loss) on Sale of Investments	2.63	0.37	-	-53.06	-	-
Gain (Loss) on Sale of Assets	129.58	128.45	0.48	-0.58	244.44	320.86
Asset Writedown	-4.91	-4.81	-0.33	-	-0.71	-
Other Unusual Items	22.16	22.16	41.22	29.13	30.83	20.99
Pretax Income	152.83	178.1	338.29	227.88	537.69	904.73
Income Tax Expense	10.15	15.17	15.32	-61.28	49.15	153.1
Earnings From Continuing Operations	142.68	162.93	322.97	289.16	488.53	751.63
Minority Interest in Earnings	11.58	6.02	-29.35	-21.3	-76.94	-27.7
Net Income	154.25	168.95	293.62	267.86	411.6	723.93
Net Income to Common	154.25	168.95	293.62	267.86	411.6	723.93
Net Income Growth	-47.51%	-42.46%	9.62%	-34.92%	-43.15%	54.38%
Shares Outstanding (Basic)	2,374	2,380	2,349	2,160	2,155	2,155
Shares Outstanding (Diluted)	2,374	2,380	2,349	2,160	2,155	2,155
Shares Change (YoY)	0.96%	1.30%	8.74%	0.24%	0.02%	0.17%
EPS (Basic)	0.06	0.07	0.13	0.12	0.19	0.34
EPS (Diluted)	0.06	0.07	0.13	0.12	0.19	0.34
EPS Growth	-48.01%	-43.20%	0.81%	-35.08%	-43.16%	54.13%
Free Cash Flow	-1,194	-1,355	-1,892	-1,436	-1,464	-276.44
Free Cash Flow Per Share	-0.50	-0.57	-0.81	-0.67	-0.68	-0.13
Dividend Per Share	0.070	0.070	0.050	0.035	0.060	0.105
Dividend Growth	40.00%	40.00%	42.86%	-41.67%	-42.86%	5.00%
Gross Margin	15.51%	15.83%	15.96%	15.27%	13.80%	17.71%
Operating Margin	2.30%	2.55%	4.43%	3.72%	3.71%	6.28%
Profit Margin	1.99%	2.13%	2.71%	2.70%	4.30%	8.89%
Free Cash Flow Margin	-15.40%	-17.05%	-17.48%	-14.45%	-15.29%	-3.40%
EBITDA	431.42	446.87	688.13	540.16	484.11	620.59
EBITDA Margin	5.56%	5.62%	6.36%	5.44%	5.05%	7.63%
D&A For EBITDA	253.23	244.29	208.53	170.49	129.2	109.19
EBIT	178.18	202.57	479.6	369.67	354.91	511.4
EBIT Margin	2.30%	2.55%	4.43%	3.72%	3.71%	6.28%
Effective Tax Rate	6.64%	8.52%	4.53%	-	9.14%	16.92%
Revenue as Reported	7,757	7,947	10,820	9,935	9,578	8,139
Advertising Expenses	-	2.62	3.74	1.93	5.45	15.13

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