Zhuzhou Smelter Group Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	21,382	19,722	19,336	20,330	16,320	14,459
Other Revenue	37.08	37.08	70.63	78.06	151.74	305.99
Revenue	21,419	19,759	19,406	20,408	16,472	14,765
Revenue Growth (YoY)	12.80%	1.82%	-4.91%	23.90%	11.56%	31.93%
Cost of Revenue	19,120	18,130	17,903	18,955	15,758	14,061
Gross Profit	2,299	1,630	1,503	1,453	713.71	704.29
Selling, General & Admin	459.96	391.2	409.55	359.86	170.73	150.78
Research & Development	312.05	142	157.57	128.6	72.91	62.94
Other Operating Expenses	91.46	80.15	108.87	103.52	29.37	31.13
Operating Expenses	866.34	614.15	675.61	589.96	271.65	244.22
Operating Income	1,433	1,015	827.44	862.67	442.06	460.07
Interest Expense	-48.56	-56.76	-87.25	-136.95	-135.4	-151.24
Interest & Investment Income	-	20.62	5.78	5.48	3.08	1.91
Currency Exchange Gain (Loss)	-2.62	-2.62	3.45	-1.19	4.23	2.55
Other Non Operating Income (Expenses)	-18.11	-22.5	-26.94	-32.14	-3.09	1.21
EBT Excluding Unusual Items	1,364	954.12	722.48	697.86	310.88	314.49
Gain (Loss) on Sale of Investments	-56	24.8	-17.03	-81.12	-31.31	-89.55
Gain (Loss) on Sale of Assets	-45.78	0.12	5.32	13.26	0.12	40.51
Asset Writedown	-25.75	-58.85	-0.96	-23.54	-1.02	-0.1
Other Unusual Items	39.52	40.97	46.86	32.35	53.79	25.39
Pretax Income	1,276	961.15	756.67	638.82	332.47	290.74
Income Tax Expense	212.54	159.22	122.15	97.95	91.49	82.07
Earnings From Continuing Operations	1,063	801.93	634.51	540.87	240.98	208.67
Minority Interest in Earnings	-0.17	-15.4	-23.36	-47.94	-77.06	-49.8
Net Income	1,063	786.54	611.15	492.92	163.92	158.86
Net Income to Common	1,063	786.54	611.15	492.92	163.92	158.86
Net Income Growth	60.59%	28.70%	23.98%	200.71%	3.18%	105.14%
Shares Outstanding (Basic)	1,159	1,192	1,132	1,006	527	527
Shares Outstanding (Diluted)	1,159	1,192	1,132	1,006	527	527
Shares Change (YoY)	-4.13%	5.30%	12.50%	90.72%	-	-
EPS (Basic)	0.92	0.66	0.54	0.49	0.31	0.30
EPS (Diluted)	0.92	0.66	0.54	0.49	0.31	0.30
EPS Growth	67.51%	22.22%	10.20%	57.67%	3.18%	105.14%
Free Cash Flow	1,561	893.02	352.05	983.71	459.28	184.99
Free Cash Flow Per Share	1.35	0.75	0.31	0.98	0.87	0.35
Gross Margin	10.73%	8.25%	7.75%	7.12%	4.33%	4.77%
Operating Margin	6.69%	5.14%	4.26%	4.23%	2.68%	3.12%
Profit Margin	4.96%	3.98%	3.15%	2.42%	1.00%	1.08%
Free Cash Flow Margin	7.29%	4.52%	1.81%	4.82%	2.79%	1.25%
EBITDA	1,734	1,301	1,094	1,144	595.65	634.57
EBITDA Margin	8.09%	6.59%	5.64%	5.61%	3.62%	4.30%
D&A For EBITDA	300.66	286.07	266.61	281.63	153.59	174.5
EBIT	1,433	1,015	827.44	862.67	442.06	460.07
EBIT Margin	6.69%	5.14%	4.26%	4.23%	2.68%	3.12%
Effective Tax Rate	16.66%	16.57%	16.14%	15.33%	27.52%	28.23%
Revenue as Reported	21,419	19,759	19,406	20,408	16,472	14,765

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