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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	7,664	7,807	10,648	9,777	9,337	7,846
Other Revenue	185.68	140.29	172.54	158.61	240.93	292.58
Revenue	7,850	7,947	10,820	9,935	9,578	8,139
Revenue Growth (YoY)	-27.23%	-26.55%	8.91%	3.73%	17.68%	22.70%
Cost of Revenue	6,733	6,689	9,093	8,418	8,256	6,698
Gross Profit	1,117	1,258	1,727	1,517	1,322	1,441
Selling, General & Admin	456.73	506.21	495.52	492.27	461.31	454.39
Research & Development	369.51	416.38	560.04	487.79	383.41	315.36
Other Operating Expenses	49.94	0.47	29.76	45.32	33.73	88.5
Operating Expenses	1,008	1,055	1,248	1,147	966.98	929.82
Operating Income	108.49	202.57	479.6	369.67	354.91	511.4
Interest Expense	-191.75	-181.38	-161.95	-109.66	-88.38	-51.67
Interest & Investment Income	50.29	45.26	5.49	6.91	9.38	115.82
Currency Exchange Gain (Loss)	5.9	1.87	-1.4	0.81	-2.19	-8.82
Other Non Operating Income (Expenses)	-35.34	-36.39	-24.81	-15.35	-10.6	-3.85
EBT Excluding Unusual Items	-62.41	31.94	296.92	252.39	263.12	562.89
Gain (Loss) on Sale of Investments	4.04	0.37	-	-53.06	-	-
Gain (Loss) on Sale of Assets	198.93	128.45	0.48	-0.58	244.44	320.86
Asset Writedown	-4.81	-4.81	-0.33	-	-0.71	-
Other Unusual Items	30.74	22.16	41.22	29.13	30.83	20.99
Pretax Income	166.49	178.1	338.29	227.88	537.69	904.73
Income Tax Expense	36.54	15.17	15.32	-61.28	49.15	153.1
Earnings From Continuing Operations	129.96	162.93	322.97	289.16	488.53	751.63
Minority Interest in Earnings	6.76	6.02	-29.35	-21.3	-76.94	-27.7
Net Income	136.72	168.95	293.62	267.86	411.6	723.93
Net Income to Common	136.72	168.95	293.62	267.86	411.6	723.93
Net Income Growth	-45.94%	-42.46%	9.62%	-34.92%	-43.15%	54.38%
Shares Outstanding (Basic)	2,386	2,380	2,349	2,160	2,155	2,155
Shares Outstanding (Diluted)	2,386	2,380	2,349	2,160	2,155	2,155
Shares Change (YoY)	1.77%	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	-46.88%	-43.20%	0.81%	-35.08%	-43.16%	54.13%
Free Cash Flow	-1,500	-1,355	-1,892	-1,436	-1,464	-276.44
Free Cash Flow Per Share	-0.63	-0.57	-0.81	-0.67	-0.68	-0.13
Dividend Per Share	0.061	0.070	0.050	0.035	0.060	0.105
Dividend Growth	-28.23%	40.00%	42.86%	-41.67%	-42.86%	5.00%
Gross Margin	14.22%	15.83%	15.96%	15.27%	13.80%	17.71%
Operating Margin	1.38%	2.55%	4.43%	3.72%	3.71%	6.28%
Profit Margin	1.74%	2.13%	2.71%	2.70%	4.30%	8.89%
Free Cash Flow Margin	-19.10%	-17.05%	-17.48%	-14.45%	-15.29%	-3.40%
EBITDA	419.4	446.87	688.13	540.16	484.11	620.59
EBITDA Margin	5.34%	5.62%	6.36%	5.44%	5.05%	7.63%
D&A For EBITDA	310.91	244.29	208.53	170.49	129.2	109.19
EBIT	108.49	202.57	479.6	369.67	354.91	511.4
EBIT Margin	1.38%	2.55%	4.43%	3.72%	3.71%	6.28%
Effective Tax Rate	21.94%	8.52%	4.53%	-	9.14%	16.92%
Revenue as Reported	7,850	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.