Snowsky Salt Industry Group CO.,LTD (SHA:600929)

SHA:600929 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,925	5,349	6,187	6,407	4,732	3,492
Other Revenue	42.52	42.52	75.36	34.21	48.08	44.17
Revenue	4,968	5,392	6,262	6,441	4,780	3,536
Revenue Growth (YoY)	-21.35%	-13.90%	-2.77%	34.74%	35.19%	55.63%
Cost of Revenue	3,725	3,974	4,327	4,261	3,406	2,772
Gross Profit	1,243	1,418	1,935	2,180	1,374	763.82
Selling, General & Admin	730.07	757.42	803.83	783.62	627.5	415.49
Research & Development	240.57	247.09	229.93	239.94	187.88	102.96
Other Operating Expenses	152.64	117.36	100.32	132.47	52.3	33.94
Operating Expenses	1,121	1,121	1,135	1,156	863.59	552.58
Operating Income	121.97	296.38	800.55	1,024	510.9	211.25
Interest Expense	-23.17	-22.71	-16.37	-29.23	-36.15	-32.98
Interest & Investment Income	21.19	24.66	31.67	12.91	9.42	49.17
Currency Exchange Gain (Loss)	0.03	0.03	-0.11	-0.45	0.34	-0.09
Other Non Operating Income (Expenses)	-1.34	-3.58	-2.13	-0.61	-15.11	-4.35
EBT Excluding Unusual Items	118.67	294.77	813.62	1,007	469.39	223
Gain (Loss) on Sale of Investments	-0.31	-0.31	-	-3.62	18.12	3.77
Gain (Loss) on Sale of Assets	-14.21	-18.64	-4.55	-38.33	-25.86	11.66
Asset Writedown	-2.02	-2.34	-5.27	-	-	-0.56
Other Unusual Items	95.46	94.66	69.24	3.28	8.93	5.64
Pretax Income	197.58	368.13	873.03	968.06	470.59	243.51
Income Tax Expense	48.58	60.28	143.51	130.06	29.56	-12.26
Earnings From Continuing Operations	149	307.85	729.51	838	441.03	255.77
Minority Interest in Earnings	-4.93	-4.02	-20.76	-68.8	-39.32	-63.83
Net Income	144.06	303.83	708.75	769.2	401.71	191.94
Net Income to Common	144.06	303.83	708.75	769.2	401.71	191.94
Net Income Growth	-79.09%	-57.13%	-7.86%	91.48%	109.29%	30.57%
Shares Outstanding (Basic)	1,660	1,659	1,564	1,411	1,343	1,334
Shares Outstanding (Diluted)	1,660	1,659	1,564	1,411	1,415	1,353
Shares Change (YoY)	3.09%	6.08%	10.89%	-0.31%	4.61%	47.32%
EPS (Basic)	0.09	0.18	0.45	0.55	0.30	0.14
EPS (Diluted)	0.09	0.18	0.45	0.55	0.28	0.14
EPS Growth	-79.72%	-59.59%	-16.91%	92.07%	100.07%	-11.37%
Free Cash Flow	-289.35	-296.5	229.51	323.61	-125.06	289.13
Free Cash Flow Per Share	-0.17	-0.18	0.15	0.23	-0.09	0.21
Dividend Per Share	0.087	0.087	0.200	0.250	0.200	0.080
Dividend Growth	-56.50%	-56.50%	-20.00%	25.00%	150.00%	370.59%
Gross Margin	25.01%	26.30%	30.90%	33.84%	28.75%	21.60%
Operating Margin	2.46%	5.50%	12.78%	15.90%	10.69%	5.97%
Profit Margin	2.90%	5.63%	11.32%	11.94%	8.40%	5.43%
Free Cash Flow Margin	-5.82%	-5.50%	3.67%	5.02%	-2.62%	8.18%
EBITDA	696.42	853.16	1,287	1,458	924.84	582.91
EBITDA Margin	14.02%	15.82%	20.55%	22.63%	19.35%	16.48%
D&A For EBITDA	574.46	556.79	486.11	433.45	413.94	371.67
EBIT	121.97	296.38	800.55	1,024	510.9	211.25
EBIT Margin	2.46%	5.50%	12.78%	15.90%	10.69%	5.97%
Effective Tax Rate	24.59%	16.37%	16.44%	13.44%	6.28%	-
Revenue as Reported	4,968	5,392	6,262	6,441	4,780	3,536
Advertising Expenses	-	95.8	120.26	98.79	70.89	39.61

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