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

AVIC Heavy Machinery 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	9,844	10,112	11,328	10,404	8,641	6,571
Other Revenue	239.74	243.27	248.26	165.43	148.62	127.52
Revenue	10,083	10,355	11,576	10,570	8,790	6,698
Revenue Growth (YoY)	-16.63%	-10.55%	9.53%	20.25%	31.23%	11.92%
Cost of Revenue	7,989	8,078	8,077	7,564	6,494	5,062
Gross Profit	2,095	2,277	3,499	3,005	2,296	1,637
Selling, General & Admin	1,031	1,004	921.57	806.89	695.32	623.73
Research & Development	640.38	676.98	762.16	434.15	346.45	294.92
Other Operating Expenses	76.77	27.53	43.43	29.44	29.19	34.76
Operating Expenses	1,420	1,387	1,814	1,504	1,248	1,073
Operating Income	674.39	889.62	1,685	1,501	1,048	563.3
Interest Expense	-103.11	-102.98	-101.45	-91.18	-118.8	-133.65
Interest & Investment Income	58.13	61.89	79.15	85.3	202.37	80.91
Currency Exchange Gain (Loss)	5.96	9.5	12.63	30.76	-11.27	-17.16
Other Non Operating Income (Expenses)	-3.58	-2.04	-2.65	-2.8	4.55	-2.76
EBT Excluding Unusual Items	631.8	856	1,673	1,523	1,125	490.65
Gain (Loss) on Sale of Investments	-25.91	-25.13	-	-10.96	-0.36	-
Gain (Loss) on Sale of Assets	1.02	1.1	1.87	-1.32	-0.83	-2.68
Asset Writedown	-2.97	-3.8	-17.71	-0.01	-15.43	-0.3
Other Unusual Items	45.61	36.96	29.53	23.9	35.64	25.91
Pretax Income	649.55	865.14	1,687	1,534	1,144	513.59
Income Tax Expense	100.44	101.45	217.11	206.35	176.94	87.37
Earnings From Continuing Operations	549.11	763.68	1,470	1,328	966.68	426.21
Minority Interest in Earnings	-147.27	-123.95	-131.34	-127.91	-76.04	-82.41
Net Income	401.84	639.73	1,338	1,200	890.64	343.81
Net Income to Common	401.84	639.73	1,338	1,200	890.64	343.81
Net Income Growth	-68.87%	-52.19%	11.50%	34.76%	159.05%	24.91%
Shares Outstanding (Basic)	1,537	1,488	3,112	1,464	1,392	1,301
Shares Outstanding (Diluted)	1,537	1,488	3,112	1,464	1,392	1,301
Shares Change (YoY)	-50.81%	-52.19%	112.62%	5.18%	6.98%	18.15%
EPS (Basic)	0.26	0.43	0.43	0.82	0.64	0.26
EPS (Diluted)	0.26	0.43	0.43	0.82	0.64	0.26
EPS Growth	-36.71%	-	-47.56%	28.13%	142.15%	5.72%
Free Cash Flow	-1,008	-1,094	-492.52	-103.41	897.91	204.8
Free Cash Flow Per Share	-0.66	-0.73	-0.16	-0.07	0.65	0.16
Dividend Per Share	0.122	0.122	0.269	0.165	0.121	0.035
Dividend Growth	-54.73%	-54.73%	63.05%	35.91%	242.94%	10.28%
Gross Margin	20.77%	21.99%	30.23%	28.43%	26.12%	24.43%
Operating Margin	6.69%	8.59%	14.56%	14.20%	11.92%	8.41%
Profit Margin	3.98%	6.18%	11.56%	11.36%	10.13%	5.13%
Free Cash Flow Margin	-10.00%	-10.57%	-4.25%	-0.98%	10.21%	3.06%
EBITDA	1,184	1,415	2,069	1,783	1,346	852.27
EBITDA Margin	11.74%	13.66%	17.87%	16.87%	15.31%	12.72%
D&A For EBITDA	509.17	525.34	383.86	282.54	297.9	288.98
EBIT	674.39	889.62	1,685	1,501	1,048	563.3
EBIT Margin	6.69%	8.59%	14.56%	14.20%	11.92%	8.41%
Effective Tax Rate	15.46%	11.73%	12.87%	13.45%	15.47%	17.01%
Revenue as Reported	10,083	10,355	11,576	10,570	8,790	6,698
Advertising Expenses	-	0.93	0.21	1.36	1.07	0.45

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.