Hangzhou Advance Gearbox Group Co., Ltd. (SHA:601177)

SHA:601177 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	2,359	2,271	1,826	2,093	2,094	1,890
Other Revenue	9.87	29.58	56.59	103.52	46.4	28.31
Revenue	2,369	2,301	1,883	2,196	2,140	1,918
Revenue Growth (YoY)	25.44%	22.22%	-14.28%	2.62%	11.55%	16.07%
Cost of Revenue	1,947	1,903	1,475	1,735	1,722	1,559
Gross Profit	422.46	398.12	407.53	460.61	418.03	359.7
Selling, General & Admin	197.76	198.55	210.79	238.49	238.84	206.17
Research & Development	132.59	122.34	122.95	132.17	106.57	95.84
Other Operating Expenses	18.18	14.62	11.18	-15.44	13.81	14.63
Operating Expenses	351.91	343.21	345.63	357.47	356.95	306.93
Operating Income	70.55	54.91	61.9	103.14	61.08	52.77
Interest Expense	-30.72	-33.76	-34.97	-38.53	-40.49	-47.86
Interest & Investment Income	197.38	194.32	175.45	157.84	158.44	91.84
Currency Exchange Gain (Loss)	-0.1	0.29	0.49	0.88	-0.9	-2.12
Other Non Operating Income (Expenses)	-0.76	-0.62	-0.55	-2.15	-1.46	-0.63
EBT Excluding Unusual Items	236.34	215.13	202.32	221.19	176.68	94.01
Gain (Loss) on Sale of Investments	0.16	0.02	1.27	-	-	-
Gain (Loss) on Sale of Assets	0.07	2.96	0.61	0.11	0.69	25.61
Asset Writedown	-2.9	-	-0.44	-	-1.11	-1.16
Legal Settlements	-	-	-	-2	-	-
Other Unusual Items	28.61	28.87	17.11	0.08	25.47	35.63
Pretax Income	262.29	246.98	220.87	219.38	201.74	154.08
Income Tax Expense	-1.26	-1.71	3.31	1.31	7.13	36.4
Earnings From Continuing Operations	263.55	248.69	217.55	218.07	194.61	117.68
Minority Interest in Earnings	-10.01	-7.88	-6.09	-8.68	-44.65	-33.77
Net Income	253.55	240.82	211.46	209.39	149.96	83.91
Net Income to Common	253.55	240.82	211.46	209.39	149.96	83.91
Net Income Growth	21.78%	13.88%	0.99%	39.63%	78.70%	325.25%
Shares Outstanding (Basic)	401	400	400	400	400	400
Shares Outstanding (Diluted)	403	401	400	400	400	400
Shares Change (YoY)	0.76%	0.15%	-0.00%	-0.01%	0.03%	-0.07%
EPS (Basic)	0.63	0.60	0.53	0.52	0.37	0.21
EPS (Diluted)	0.63	0.60	0.53	0.52	0.37	0.21
EPS Growth	20.88%	13.71%	0.99%	39.65%	78.65%	325.56%
Free Cash Flow	99.09	27.84	11.07	-74.96	141.97	379.31
Free Cash Flow Per Share	0.25	0.07	0.03	-0.19	0.35	0.95
Dividend Per Share	0.060	0.060	0.050	0.071	0.022	0.020
Dividend Growth	20.00%	20.00%	-29.58%	222.73%	10.00%	-
Gross Margin	17.83%	17.30%	21.65%	20.97%	19.53%	18.75%
Operating Margin	2.98%	2.39%	3.29%	4.70%	2.85%	2.75%
Profit Margin	10.70%	10.47%	11.23%	9.54%	7.01%	4.37%
Free Cash Flow Margin	4.18%	1.21%	0.59%	-3.41%	6.63%	19.77%
EBITDA	160.45	143.07	151.71	191.83	148.56	140.01
EBITDA Margin	6.77%	6.22%	8.06%	8.73%	6.94%	7.30%
D&A For EBITDA	89.9	88.17	89.81	88.69	87.48	87.24
EBIT	70.55	54.91	61.9	103.14	61.08	52.77
EBIT Margin	2.98%	2.39%	3.29%	4.70%	2.85%	2.75%
Effective Tax Rate	-	-	1.50%	0.60%	3.53%	23.63%
Revenue as Reported	2,369	2,301	1,883	2,196	2,140	1,918
Advertising Expenses	-	2.18	2.13	1.19	1.87	1.5

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