China First Heavy Industries (SHA:601106)

SHA:601106 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	12,459	16,510	17,110	23,832	23,030	19,847
Other Revenue	132.31	107.46	57.56	53.79	98.67	55.74
Revenue	12,591	16,617	17,167	23,886	23,128	19,903
Revenue Growth (YoY)	-23.47%	-3.20%	-28.13%	3.28%	16.21%	51.18%
Cost of Revenue	12,496	16,660	16,325	21,503	21,130	18,004
Gross Profit	95	-42.56	842.98	2,383	1,999	1,898
Selling, General & Admin	905.76	874.28	805.76	761.98	748.39	639.18
Research & Development	633.67	608.52	469.43	551.92	518.72	473.14
Other Operating Expenses	149.86	100.6	-0.95	169.64	133.01	112.61
Operating Expenses	2,795	2,666	2,500	2,028	1,371	1,271
Operating Income	-2,700	-2,708	-1,657	354.61	628.15	626.82
Interest Expense	-430.57	-495.64	-574.38	-634.39	-596.39	-547.54
Interest & Investment Income	172.84	27.09	19.09	380.95	208.19	16.29
Currency Exchange Gain (Loss)	1.74	-5.73	9.88	33.39	-17.29	-5.26
Other Non Operating Income (Expenses)	-278.13	-267.91	-36.97	-93.18	-79.74	-70.17
EBT Excluding Unusual Items	-3,235	-3,450	-2,239	41.38	142.92	20.14
Gain (Loss) on Sale of Investments	-332.04	-332.04	-455.71	-0	4.22	-31.15
Gain (Loss) on Sale of Assets	1.87	0.78	1.32	-3.97	-85.68	1.7
Asset Writedown	-72.83	-72.83	-1.04	-0.27	-	-
Legal Settlements	-	-	-	-	-2.11	-2.02
Other Unusual Items	46.22	24.5	-0.12	139.17	103.86	234.72
Pretax Income	-3,591	-3,830	-2,695	176.3	163.2	223.39
Income Tax Expense	100.68	14.11	45.97	72.25	29.72	91.89
Earnings From Continuing Operations	-3,692	-3,844	-2,741	104.05	133.48	131.5
Minority Interest in Earnings	23.64	108.27	33.25	-0.13	34.89	-1.03
Net Income	-3,668	-3,736	-2,708	103.92	168.37	130.47
Net Income to Common	-3,668	-3,736	-2,708	103.92	168.37	130.47
Net Income Growth	-	-	-	-38.28%	29.05%	1.34%
Shares Outstanding (Basic)	6,914	6,918	6,942	6,882	6,844	6,867
Shares Outstanding (Diluted)	6,914	6,918	6,942	6,882	6,844	6,867
Shares Change (YoY)	-0.76%	-0.35%	0.87%	0.55%	-0.33%	0.27%
EPS (Basic)	-0.53	-0.54	-0.39	0.02	0.02	0.02
EPS (Diluted)	-0.53	-0.54	-0.39	0.02	0.02	0.02
EPS Growth	-	-	-	-38.62%	29.47%	1.06%
Free Cash Flow	-165.68	-35.19	-446.36	-1,463	517.71	264.34
Free Cash Flow Per Share	-0.02	-0.01	-0.06	-0.21	0.08	0.04
Gross Margin	0.76%	-0.26%	4.91%	9.98%	8.64%	9.54%
Operating Margin	-21.45%	-16.30%	-9.65%	1.49%	2.72%	3.15%
Profit Margin	-29.13%	-22.48%	-15.77%	0.43%	0.73%	0.66%
Free Cash Flow Margin	-1.32%	-0.21%	-2.60%	-6.13%	2.24%	1.33%
EBITDA	-1,963	-1,974	-922.4	992.72	1,251	1,236
EBITDA Margin	-15.59%	-11.88%	-5.37%	4.16%	5.41%	6.21%
D&A For EBITDA	737.53	734.23	734.48	638.11	623.29	608.94
EBIT	-2,700	-2,708	-1,657	354.61	628.15	626.82
EBIT Margin	-21.45%	-16.30%	-9.65%	1.48%	2.72%	3.15%
Effective Tax Rate	-	-	-	40.98%	18.21%	41.13%
Revenue as Reported	12,591	16,617	17,167	23,886	23,128	19,903
Advertising Expenses	-	0.59	2.11	0.25	1.36	0.36

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