Metallurgical Corporation of China Ltd. (SHA: 601618)

Metallurgical Corporation of China Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	577,752	632,459	591,627	499,164	398,897	337,589
Other Revenue	1,411	1,411	1,042	1,408	1,218	1,049
Revenue	579,163	633,870	592,669	500,572	400,115	338,638
Revenue Growth (YoY)	-12.64%	6.95%	18.40%	25.11%	18.15%	16.96%
Cost of Revenue	524,900	573,817	535,650	447,667	354,922	299,769
Gross Profit	54,263	60,053	57,019	52,905	45,192	38,868
Selling, General & Admin	15,543	15,385	14,049	13,559	13,346	11,543
Research & Development	18,094	19,730	18,733	15,901	12,327	9,934
Other Operating Expenses	1,579	1,504	1,582	2,088	1,942	1,864
Operating Expenses	40,727	42,303	37,254	34,215	28,913	24,809
Operating Income	13,535	17,750	19,766	18,689	16,279	14,059
Interest Expense	-2,949	-2,680	-2,670	-2,168	-2,532	-4,168
Interest & Investment Income	2,468	2,001	2,423	2,668	1,738	2,393
Currency Exchange Gain (Loss)	304.96	304.96	206.18	-356.15	-191.68	-34.73
Other Non Operating Income (Expenses)	-3,099	-2,378	-2,034	-2,665	-2,972	-1,648
EBT Excluding Unusual Items	10,260	14,999	17,691	16,168	12,322	10,602
Impairment of Goodwill	-4.24	-4.24	-2.74	-105.03	-0.6	-1.66
Gain (Loss) on Sale of Investments	-1,387	-1,860	-1,915	-2,169	-1,106	-1,099
Gain (Loss) on Sale of Assets	1,615	663.08	303.36	689.23	232.9	67.81
Asset Writedown	-674.92	-220.16	-851.37	-27.63	-246.82	-444.7
Legal Settlements	-87.02	-87.02	-137.71	-101.57	-	-
Other Unusual Items	273.88	273.88	305.46	-441.37	715.86	658
Pretax Income	9,996	13,765	15,392	14,012	11,917	9,782
Income Tax Expense	1,390	2,359	2,460	2,405	2,535	2,205
Earnings From Continuing Operations	8,606	11,406	12,932	11,607	9,382	7,577
Minority Interest in Earnings	-1,289	-2,736	-2,655	-3,232	-1,520	-977.11
Net Income	7,317	8,670	10,276	8,375	7,862	6,600
Preferred Dividends & Other Adjustments	1,782	1,782	1,039	1,086	1,191	1,007
Net Income to Common	5,535	6,888	9,238	7,289	6,672	5,593
Net Income Growth	-37.72%	-15.63%	22.70%	6.52%	19.13%	3.58%
Shares Outstanding (Basic)	22,270	20,724	20,724	20,724	20,724	20,724
Shares Outstanding (Diluted)	22,270	20,724	20,724	20,724	20,724	20,724
Shares Change (YoY)	-1.22%	-	-	-	-	-
EPS (Basic)	0.25	0.33	0.45	0.35	0.32	0.27
EPS (Diluted)	0.25	0.33	0.45	0.35	0.32	0.27
EPS Growth	-48.14%	-25.97%	27.36%	8.72%	19.29%	2.41%
Free Cash Flow	-7,265	1,296	13,839	14,089	24,289	13,468
Free Cash Flow Per Share	-0.33	0.06	0.67	0.68	1.17	0.65
Dividend Per Share	0.072	0.072	0.083	0.078	0.075	0.072
Dividend Growth	-13.25%	-13.25%	6.41%	4.00%	4.17%	2.86%
Gross Margin	9.37%	9.47%	9.62%	10.57%	11.29%	11.48%
Operating Margin	2.34%	2.80%	3.34%	3.73%	4.07%	4.15%
Profit Margin	0.96%	1.09%	1.56%	1.46%	1.67%	1.65%
Free Cash Flow Margin	-1.25%	0.20%	2.34%	2.81%	6.07%	3.98%
EBITDA	16,866	21,307	23,624	22,146	19,816	17,381
EBITDA Margin	2.91%	3.36%	3.99%	4.42%	4.95%	5.13%
D&A For EBITDA	3,330	3,557	3,859	3,457	3,537	3,322
EBIT	13,535	17,750	19,766	18,689	16,279	14,059
EBIT Margin	2.34%	2.80%	3.33%	3.73%	4.07%	4.15%
Effective Tax Rate	13.91%	17.14%	15.99%	17.16%	21.27%	22.54%
Revenue as Reported	579,163	633,870	592,669	500,572	400,115	338,638

Source: S&P Capital IQ. Standard template. Financial Sources.