Flat Glass Group Co., Ltd. (SHA:601865)

Flat Glass Group 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	16,996	18,642	21,365	15,402	8,674	6,222
Other Revenue	40.48	40.48	158.5	59.16	39.57	38.14
Revenue	17,036	18,683	21,524	15,461	8,713	6,260
Revenue Growth (YoY)	-22.16%	-13.20%	39.21%	77.44%	39.18%	30.24%
Cost of Revenue	14,971	15,866	16,861	12,052	5,631	3,604
Gross Profit	2,065	2,816	4,663	3,409	3,082	2,656
Selling, General & Admin	368.23	379.53	421.95	395.57	307.13	219.79
Research & Development	579.43	604.79	596.75	523.23	408.42	284.72
Other Operating Expenses	82.84	99.23	31.2	57.32	41.69	52.97
Operating Expenses	1,012	1,020	1,128	1,006	731.01	589.47
Operating Income	1,053	1,796	3,535	2,402	2,351	2,067
Interest Expense	-576.55	-569.81	-590.66	-338.24	-90.25	-80.27
Interest & Investment Income	178.09	177.85	130.36	72.16	69.2	22.09
Currency Exchange Gain (Loss)	41.26	41.26	24.56	43.54	3.57	-75.35
Other Non Operating Income (Expenses)	1.01	-4.98	-18.98	-7.38	-3.1	-2.27
EBT Excluding Unusual Items	696.68	1,440	3,080	2,172	2,331	1,931
Gain (Loss) on Sale of Investments	0.79	1.02	0.63	-1.83	-1.38	1.25
Gain (Loss) on Sale of Assets	-53.22	-65.98	-7.09	-8.9	3.6	-18.02
Asset Writedown	-298.05	-277.44	-21.89	-	-	-68.67
Other Unusual Items	31.24	30.7	-0.19	-8.85	47.34	28.38
Pretax Income	377.44	1,129	3,052	2,153	2,380	1,874
Income Tax Expense	14.22	112.38	288.78	30.1	260.3	245.12
Earnings From Continuing Operations	363.22	1,016	2,763	2,123	2,120	1,629
Minority Interest in Earnings	-10.37	-9.53	-3.34	-	-	-
Net Income	352.85	1,007	2,760	2,123	2,120	1,629
Preferred Dividends & Other Adjustments	0.58	0.58	0.53	0.76	-	-
Net Income to Common	352.27	1,006	2,759	2,122	2,120	1,629
Net Income Growth	-88.27%	-63.52%	30.00%	0.14%	30.15%	127.09%
Shares Outstanding (Basic)	2,275	2,338	2,230	2,144	2,141	1,962
Shares Outstanding (Diluted)	2,276	2,339	2,232	2,146	2,141	2,011
Shares Change (YoY)	-0.72%	4.81%	3.98%	0.23%	6.49%	4.46%
EPS (Basic)	0.15	0.43	1.24	0.99	0.99	0.83
EPS (Diluted)	0.15	0.43	1.24	0.99	0.99	0.81
EPS Growth	-88.20%	-65.21%	25.02%	-0.09%	22.22%	118.92%
Free Cash Flow	891.74	1,027	-3,645	-7,894	-3,189	-248.96
Free Cash Flow Per Share	0.39	0.44	-1.63	-3.68	-1.49	-0.12
Dividend Per Share	0.130	0.130	0.618	0.230	-	0.215
Dividend Growth	-78.96%	-78.96%	168.70%	-	-	696.30%
Gross Margin	12.12%	15.07%	21.66%	22.05%	35.37%	42.43%
Operating Margin	6.18%	9.61%	16.42%	15.54%	26.98%	33.01%
Profit Margin	2.07%	5.38%	12.82%	13.73%	24.33%	26.02%
Free Cash Flow Margin	5.23%	5.50%	-16.94%	-51.06%	-36.60%	-3.98%
EBITDA	3,071	3,775	5,355	3,707	2,890	2,465
EBITDA Margin	18.03%	20.21%	24.88%	23.98%	33.17%	39.38%
D&A For EBITDA	2,019	1,979	1,820	1,305	539.19	398.28
EBIT	1,053	1,796	3,535	2,402	2,351	2,067
EBIT Margin	6.18%	9.61%	16.42%	15.54%	26.98%	33.01%
Effective Tax Rate	3.77%	9.96%	9.46%	1.40%	10.94%	13.08%
Revenue as Reported	-	-	-	-	8,713	6,260

Updated Oct 29, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.