Fujian Funeng Co., Ltd. (SHA: 600483)

Fujian Funeng Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	14,676	14,550	14,176	12,017	9,437	9,844
Other Revenue	145.39	145.39	142.21	138.96	120.5	101.1
Revenue	14,821	14,695	14,318	12,156	9,557	9,945
Revenue Growth (YoY)	-4.30%	2.63%	17.79%	27.19%	-3.90%	6.32%
Selling, General & Admin	321.99	315.3	277.06	269.01	239.33	250.18
Provision for Bad Debts	4.04	1.27	15.12	0.84	1.51	6.08
Other Operating Expenses	10,967	11,224	10,911	10,032	7,319	7,912
Total Operating Expenses	11,447	11,670	11,312	10,373	7,581	8,183
Operating Income	3,375	3,025	3,006	1,783	1,976	1,763
Interest Expense	-590.26	-652.42	-666.82	-544.08	-482.58	-499.68
Interest Income	1,237	1,290	1,339	635.87	537.58	326.76
Net Interest Expense	646.5	637.32	671.77	91.79	55	-172.92
Currency Exchange Gain (Loss)	0.3	0.3	0.78	-0.21	-1.61	0.18
Other Non-Operating Income (Expenses)	4.82	-30.66	15.45	-35.56	0.59	-4.62
EBT Excluding Unusual Items	4,026	3,632	3,694	1,839	2,030	1,585
Impairment of Goodwill	-	-	-93	-58.57	-187.47	-68.86
Gain (Loss) on Sale of Assets	2.73	2.49	10.89	3.9	12.65	137.75
Asset Writedown	-5.48	-4.61	-10.67	-	-10.38	-21.18
Legal Settlements	-	-	-	-0.34	-	-
Other Unusual Items	0.96	0.96	23.71	15.12	18.25	6.17
Pretax Income	4,024	3,631	3,625	1,799	1,863	1,639
Income Tax Expense	614.69	433.79	340.99	146.18	267.81	319.74
Earnings From Continuing Ops.	3,410	3,197	3,284	1,653	1,596	1,320
Minority Interest in Earnings	-649.18	-573.49	-689.42	-293.91	-100.31	-75.78
Net Income	2,761	2,623	2,595	1,359	1,495	1,244
Net Income to Common	2,761	2,623	2,595	1,359	1,495	1,244
Net Income Growth	5.30%	1.11%	90.89%	-9.10%	20.21%	18.42%
Shares Outstanding (Basic)	2,559	2,547	2,544	2,421	2,160	2,021
Shares Outstanding (Diluted)	2,739	2,705	2,703	2,761	2,370	2,246
Shares Change (YoY)	2.62%	0.07%	-2.11%	16.47%	5.54%	11.85%
EPS (Basic)	1.08	1.03	1.02	0.56	0.69	0.62
EPS (Diluted)	1.01	0.97	0.96	0.49	0.63	0.55
EPS Growth	2.60%	1.04%	95.00%	-21.96%	13.90%	5.87%
Free Cash Flow	2,319	2,550	1,446	-4,066	-2,518	296.93
Free Cash Flow Per Share	0.85	0.94	0.54	-1.47	-1.06	0.13
Dividend Per Share	0.310	0.310	0.308	0.162	0.208	0.192
Dividend Growth	0.75%	0.75%	90.53%	-22.24%	8.01%	19.07%
Profit Margin	18.63%	17.85%	18.12%	11.18%	15.65%	12.51%
Free Cash Flow Margin	15.64%	17.35%	10.10%	-33.45%	-26.34%	2.99%
EBITDA	5,467	4,904	4,602	3,059	3,102	2,791
EBITDA Margin	36.88%	33.37%	32.14%	25.16%	32.46%	28.07%
D&A For EBITDA	2,092	1,879	1,596	1,276	1,126	1,028
EBIT	3,375	3,025	3,006	1,783	1,976	1,763
EBIT Margin	22.77%	20.59%	21.00%	14.67%	20.68%	17.73%
Effective Tax Rate	15.27%	11.95%	9.41%	8.12%	14.37%	19.50%
Revenue as Reported	14,821	14,695	14,318	12,156	9,557	9,945

Source: S&P Capital IQ. Utility template. Financial Sources.