MeiHua Holdings Group Co.,Ltd (SHA:600873)

SHA:600873 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	24,878	27,439	27,742	22,727	16,604
Other Revenue	191.57	322.1	194.79	333.88	445.89
Revenue	25,069	27,761	27,937	23,061	17,050
Revenue Growth (YoY)	-9.70%	-0.63%	21.14%	35.26%	17.15%
Cost of Revenue	20,042	22,302	20,920	18,592	14,556
Gross Profit	5,027	5,458	7,017	4,469	2,493
Selling, General & Admin	1,325	1,338	1,452	1,168	851.75
Research & Development	382.9	314.22	279.68	254.88	173.14
Other Operating Expenses	198.79	234.69	258.72	235.4	194.43
Operating Expenses	1,903	1,892	1,994	1,726	1,246
Operating Income	3,125	3,566	5,023	2,743	1,247
Interest Expense	-80.47	-115.22	-149.37	-177.49	-207.42
Interest & Investment Income	128.16	126.49	96.95	318.44	43.83
Currency Exchange Gain (Loss)	113.71	41.11	6.95	6.36	81.32
Other Non Operating Income (Expenses)	-13.94	-66.15	-14.04	-15.87	-22.95
EBT Excluding Unusual Items	3,272	3,552	4,964	2,875	1,142
Gain (Loss) on Sale of Investments	14.83	-38.12	32.69	-22.02	-82.21
Gain (Loss) on Sale of Assets	0.03	4.07	-0.08	1.83	7.65
Asset Writedown	-36.13	-43.09	-20.58	-43.24	-13.01
Legal Settlements	-233	-	-	-	-
Other Unusual Items	321.4	242.42	171.59	69.7	123.71
Pretax Income	3,349	3,723	5,153	2,883	1,178
Income Tax Expense	609.03	542.19	746.55	456.11	172.87
Earnings From Continuing Operations	2,740	3,181	4,406	2,427	1,005
Minority Interest in Earnings	-	-	-	-25.06	-23.37
Net Income	2,740	3,181	4,406	2,402	982.06
Net Income to Common	2,740	3,181	4,406	2,402	982.06
Net Income Growth	-13.85%	-27.81%	83.42%	144.61%	-0.66%
Shares Outstanding (Basic)	2,915	3,001	3,060	3,080	3,069
Shares Outstanding (Diluted)	2,915	3,001	3,081	3,080	3,069
Shares Change (YoY)	-2.85%	-2.61%	0.05%	0.35%	-0.66%
EPS (Basic)	0.94	1.06	1.44	0.78	0.32
EPS (Diluted)	0.94	1.06	1.43	0.78	0.32
EPS Growth	-11.32%	-25.87%	83.33%	143.75%	-
Free Cash Flow	2,622	3,896	4,196	2,768	847.41
Free Cash Flow Per Share	0.90	1.30	1.36	0.90	0.28
Dividend Per Share	0.597	0.417	0.400	0.400	0.300
Dividend Growth	43.06%	4.25%	-	33.33%	15.38%
Gross Margin	20.05%	19.66%	25.12%	19.38%	14.62%
Operating Margin	12.46%	12.85%	17.98%	11.89%	7.32%
Profit Margin	10.93%	11.46%	15.77%	10.42%	5.76%
Free Cash Flow Margin	10.46%	14.03%	15.02%	12.00%	4.97%
EBITDA	4,444	4,914	6,403	4,164	2,678
EBITDA Margin	17.73%	17.70%	22.92%	18.06%	15.71%
D&A For EBITDA	1,319	1,348	1,380	1,421	1,430
EBIT	3,125	3,566	5,023	2,743	1,247
EBIT Margin	12.46%	12.85%	17.98%	11.89%	7.32%
Effective Tax Rate	18.18%	14.56%	14.49%	15.82%	14.67%
Revenue as Reported	25,069	27,761	27,937	23,061	17,050
Advertising Expenses	30.03	24.03	28.21	38.94	21.39

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