AVIC Heavy Machinery Co., Ltd. (SHA:600765)

AVIC Heavy Machinery 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	10,355	10,349	10,404	8,641	6,571
Other Revenue	-	228.04	165.43	148.62	127.52
Revenue	10,355	10,577	10,570	8,790	6,698
Revenue Growth (YoY)	-2.10%	0.07%	20.25%	31.23%	11.92%
Cost of Revenue	7,902	7,369	7,564	6,494	5,062
Gross Profit	2,453	3,208	3,005	2,296	1,637
Selling, General & Admin	1,027	834.73	806.89	695.32	623.73
Research & Development	676.98	661.2	434.15	346.45	294.92
Other Operating Expenses	-6.17	38.26	29.44	29.19	34.76
Operating Expenses	1,698	1,620	1,504	1,248	1,073
Operating Income	754.98	1,589	1,501	1,048	563.3
Interest Expense	-	-90.19	-91.18	-118.8	-133.65
Interest & Investment Income	-	89.62	85.3	202.37	80.91
Currency Exchange Gain (Loss)	-	12.65	30.76	-11.27	-17.16
Other Non Operating Income (Expenses)	288.37	-1.37	-2.8	4.55	-2.76
EBT Excluding Unusual Items	1,043	1,599	1,523	1,125	490.65
Gain (Loss) on Sale of Investments	-25.13	-	-10.96	-0.36	-
Gain (Loss) on Sale of Assets	0.25	0.6	-1.32	-0.83	-2.68
Asset Writedown	-153.34	-15.31	-0.01	-15.43	-0.3
Other Unusual Items	-	20.65	23.9	35.64	25.91
Pretax Income	865.14	1,605	1,534	1,144	513.59
Income Tax Expense	101.45	207.9	206.35	176.94	87.37
Earnings From Continuing Operations	763.68	1,397	1,328	966.68	426.21
Minority Interest in Earnings	-123.95	-68.85	-127.91	-76.04	-82.41
Net Income	639.73	1,329	1,200	890.64	343.81
Net Income to Common	639.73	1,329	1,200	890.64	343.81
Net Income Growth	-51.85%	10.70%	34.76%	159.05%	24.91%
Shares Outstanding (Basic)	1,488	1,476	1,464	1,392	1,301
Shares Outstanding (Diluted)	1,488	1,476	1,464	1,392	1,301
Shares Change (YoY)	0.78%	0.86%	5.18%	6.98%	18.15%
EPS (Basic)	0.43	0.90	0.82	0.64	0.26
EPS (Diluted)	0.43	0.90	0.82	0.64	0.26
EPS Growth	-52.22%	9.76%	28.13%	142.15%	5.72%
Free Cash Flow	-1,094	-511.14	-103.41	897.91	204.8
Free Cash Flow Per Share	-0.73	-0.35	-0.07	0.65	0.16
Dividend Per Share	-	0.269	0.165	0.121	0.035
Dividend Growth	-	63.05%	35.91%	242.94%	10.28%
Gross Margin	23.69%	30.33%	28.43%	26.12%	24.43%
Operating Margin	7.29%	15.02%	14.20%	11.92%	8.41%
Profit Margin	6.18%	12.56%	11.36%	10.13%	5.13%
Free Cash Flow Margin	-10.57%	-4.83%	-0.98%	10.21%	3.06%
EBITDA	1,302	1,904	1,783	1,346	852.27
EBITDA Margin	12.57%	18.00%	16.87%	15.31%	12.72%
D&A For EBITDA	546.94	315.06	282.54	297.9	288.98
EBIT	754.98	1,589	1,501	1,048	563.3
EBIT Margin	7.29%	15.02%	14.20%	11.92%	8.41%
Effective Tax Rate	11.73%	12.95%	13.45%	15.47%	17.01%
Revenue as Reported	-	10,577	10,570	8,790	6,698
Advertising Expenses	-	0.21	1.36	1.07	0.45

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.