China National Gold Group Gold Jewellery Co.,Ltd. (SHA:600916)

SHA:600916 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	60,196	56,035	46,858	50,637	33,705
Other Revenue	268.46	329.25	265.88	121.04	82.18
Revenue	60,464	56,364	47,124	50,758	33,788
Revenue Growth (YoY)	7.27%	19.61%	-7.16%	50.23%	-11.72%
Cost of Revenue	57,864	54,044	45,291	49,197	32,353
Gross Profit	2,601	2,321	1,833	1,561	1,435
Selling, General & Admin	691.43	687.32	595.87	599.01	468.99
Research & Development	12.67	27.33	27.78	14.62	5.41
Other Operating Expenses	69.74	79.27	68.71	77.5	50.52
Operating Expenses	765.92	808.18	704.45	698.46	539.63
Operating Income	1,835	1,513	1,129	862.63	895.12
Interest Expense	-61.19	-62.85	-72.11	-103.92	-111.32
Interest & Investment Income	61.83	46.48	50.5	148.71	21.42
Other Non Operating Income (Expenses)	-33.65	-39.38	-4.39	-2.97	-2.39
EBT Excluding Unusual Items	1,802	1,457	1,103	904.45	802.83
Gain (Loss) on Sale of Investments	-821.17	-412.42	-243.66	50.21	-244.71
Gain (Loss) on Sale of Assets	0.2	1.81	-	-1.1	-0
Asset Writedown	-	-	-0.02	-0	-
Legal Settlements	-24.34	-	-	-	-
Other Unusual Items	64.72	156.21	87.24	47.42	70.88
Pretax Income	1,021	1,203	946.54	1,001	628.99
Income Tax Expense	194.39	225.27	179.46	203.2	126.94
Earnings From Continuing Operations	826.73	977.24	767.07	797.77	502.05
Minority Interest in Earnings	-8.34	-3.76	-1.74	-3.34	-1.9
Net Income	818.39	973.48	765.33	794.43	500.16
Net Income to Common	818.39	973.48	765.33	794.43	500.16
Net Income Growth	-15.93%	27.20%	-3.66%	58.84%	10.79%
Shares Outstanding (Basic)	1,670	1,678	1,664	1,655	1,516
Shares Outstanding (Diluted)	1,670	1,678	1,664	1,655	1,516
Shares Change (YoY)	-0.49%	0.88%	0.53%	9.20%	0.71%
EPS (Basic)	0.49	0.58	0.46	0.48	0.33
EPS (Diluted)	0.49	0.58	0.46	0.48	0.33
EPS Growth	-15.52%	26.09%	-4.17%	45.45%	10.00%
Free Cash Flow	1,579	1,517	1,153	782.84	533.67
Free Cash Flow Per Share	0.95	0.90	0.69	0.47	0.35
Dividend Per Share	0.350	0.450	0.300	0.240	0.160
Dividend Growth	-22.22%	50.00%	25.00%	50.00%	-
Gross Margin	4.30%	4.12%	3.89%	3.08%	4.25%
Operating Margin	3.03%	2.68%	2.40%	1.70%	2.65%
Profit Margin	1.35%	1.73%	1.62%	1.57%	1.48%
Free Cash Flow Margin	2.61%	2.69%	2.45%	1.54%	1.58%
EBITDA	1,844	1,528	1,144	875.35	905.52
EBITDA Margin	3.05%	2.71%	2.43%	1.73%	2.68%
D&A For EBITDA	9.26	15.42	14.67	12.72	10.41
EBIT	1,835	1,513	1,129	862.63	895.12
EBIT Margin	3.03%	2.68%	2.40%	1.70%	2.65%
Effective Tax Rate	19.04%	18.73%	18.96%	20.30%	20.18%
Revenue as Reported	60,464	56,364	47,124	50,758	33,788
Advertising Expenses	34.29	31.18	58.08	56.6	51.33

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