AVIC Shenyang Aircraft Company Limited (SHA:600760)

SHA:600760 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	42,837	46,027	41,380	34,392	27,113
Other Revenue	-	220.54	218.04	294.01	203
Revenue	42,837	46,248	41,598	34,686	27,316
Revenue Growth (YoY)	-7.37%	11.18%	19.93%	26.98%	14.96%
Cost of Revenue	37,497	41,273	37,725	31,261	24,836
Gross Profit	5,340	4,975	3,873	3,426	2,480
Selling, General & Admin	943.08	970.98	891.69	869.93	712.6
Research & Development	727.17	975.64	739.97	684.53	287.62
Other Operating Expenses	110.1	135.14	204.27	38.82	36.66
Operating Expenses	1,780	1,969	1,678	1,898	1,234
Operating Income	3,560	3,006	2,194	1,528	1,246
Interest Expense	-	-2.84	-6.29	-4.98	-27.32
Interest & Investment Income	2.59	320.3	256.08	290.46	172.98
Currency Exchange Gain (Loss)	-	1.83	57.84	-13.77	-44.86
Other Non Operating Income (Expenses)	409.57	-19.94	-4.86	-23.7	-19.77
EBT Excluding Unusual Items	3,972	3,305	2,497	1,776	1,327
Gain (Loss) on Sale of Investments	-20	-	-1.1	-	-
Gain (Loss) on Sale of Assets	1.1	13.03	-1.53	10.38	-6.69
Asset Writedown	-38.03	-4.36	-1.32	-10.34	-
Other Unusual Items	-	80.66	117.48	111.27	417.82
Pretax Income	3,915	3,395	2,611	1,887	1,738
Income Tax Expense	501.94	385.44	297.71	168.03	254.36
Earnings From Continuing Operations	3,413	3,009	2,313	1,719	1,484
Minority Interest in Earnings	-18.93	-2.04	-7.97	-5.82	-3.47
Net Income	3,394	3,007	2,305	1,713	1,480
Net Income to Common	3,394	3,007	2,305	1,713	1,480
Net Income Growth	12.86%	30.47%	34.55%	15.73%	68.63%
Shares Outstanding (Basic)	2,759	2,759	2,744	2,757	2,726
Shares Outstanding (Diluted)	2,759	2,759	2,744	2,757	2,726
Shares Change (YoY)	0.02%	0.55%	-0.46%	1.11%	-0.17%
EPS (Basic)	1.23	1.09	0.84	0.62	0.54
EPS (Diluted)	1.23	1.09	0.84	0.62	0.54
EPS Growth	12.84%	29.76%	35.18%	14.46%	68.92%
Free Cash Flow	-6,795	-6,956	1,618	9,049	5,578
Free Cash Flow Per Share	-2.46	-2.52	0.59	3.28	2.05
Dividend Per Share	-	0.400	0.286	0.250	0.122
Dividend Growth	-	40.01%	14.28%	104.25%	60.00%
Gross Margin	12.47%	10.76%	9.31%	9.88%	9.08%
Operating Margin	8.31%	6.50%	5.27%	4.40%	4.56%
Profit Margin	7.92%	6.50%	5.54%	4.94%	5.42%
Free Cash Flow Margin	-15.86%	-15.04%	3.89%	26.09%	20.42%
EBITDA	4,600	3,795	2,975	2,291	1,923
EBITDA Margin	10.74%	8.21%	7.15%	6.61%	7.04%
D&A For EBITDA	1,041	789.03	780.34	763.88	676.89
EBIT	3,560	3,006	2,194	1,528	1,246
EBIT Margin	8.31%	6.50%	5.27%	4.40%	4.56%
Effective Tax Rate	12.82%	11.35%	11.40%	8.91%	14.64%
Revenue as Reported	-	46,248	41,598	34,686	27,316
Advertising Expenses	-	20.25	10.89	13.31	7.88

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