Zhejiang Publishing & Media Co., Ltd. (SHA: 601921)

Zhejiang Publishing & Media 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	10,668	11,356	11,494	11,140	9,596	9,933
Other Revenue	318.17	318.17	290.49	254.6	211.28	249.94
Revenue	10,986	11,674	11,785	11,395	9,808	10,183
Revenue Growth (YoY)	-7.89%	-0.93%	3.42%	16.18%	-3.68%	3.26%
Cost of Revenue	8,070	8,548	8,629	8,344	7,094	7,250
Gross Profit	2,916	3,126	3,155	3,051	2,714	2,933
Selling, General & Admin	2,216	2,223	2,082	2,007	1,789	1,962
Research & Development	14.54	8.46	8.55	10.41	14.22	11.88
Other Operating Expenses	57.36	73.79	30.2	36.45	17.38	-11.81
Operating Expenses	2,297	2,312	2,186	2,075	1,820	1,984
Operating Income	618.24	814.46	969.07	976.59	893.85	948.37
Interest Expense	-4.18	-5.88	-8.78	-2.81	-0.62	-1.66
Interest & Investment Income	351.71	408.14	380.46	264.82	171.06	209
Currency Exchange Gain (Loss)	0	0	0.6	0.48	-0.88	0.23
Other Non Operating Income (Expenses)	-6.36	-8.71	-9.12	-14.63	-7.08	-6.44
EBT Excluding Unusual Items	959.42	1,208	1,332	1,224	1,056	1,150
Impairment of Goodwill	-	-	-1.53	-	-	-
Gain (Loss) on Sale of Investments	-111.11	-94.15	-63.88	4.52	-	-
Gain (Loss) on Sale of Assets	70.75	83.77	102.16	92.68	76.68	64.7
Asset Writedown	31.31	-0.38	-0.49	0.96	-	-101.98
Other Unusual Items	71.11	71.11	66.08	39.46	47.24	2.46
Pretax Income	1,021	1,268	1,435	1,362	1,180	1,115
Income Tax Expense	-67.76	-244.66	17.24	41.63	28.28	19.59
Earnings From Continuing Operations	1,089	1,513	1,417	1,320	1,152	1,095
Minority Interest in Earnings	-6.37	-3.94	-3.76	-3.38	-3.3	8.23
Net Income	1,083	1,509	1,414	1,317	1,149	1,103
Net Income to Common	1,083	1,509	1,414	1,317	1,149	1,103
Net Income Growth	-26.92%	6.76%	7.33%	14.66%	4.11%	5.25%
Shares Outstanding (Basic)	2,194	2,222	2,222	2,093	2,015	2,000
Shares Outstanding (Diluted)	2,194	2,222	2,222	2,093	2,015	2,000
Shares Change (YoY)	-1.43%	-0.00%	6.20%	3.84%	0.76%	-
EPS (Basic)	0.49	0.68	0.64	0.63	0.57	0.55
EPS (Diluted)	0.49	0.68	0.64	0.63	0.57	0.55
EPS Growth	-25.85%	6.76%	1.06%	10.42%	3.64%	5.77%
Free Cash Flow	-76.09	1,107	1,999	1,597	2,001	922.28
Free Cash Flow Per Share	-0.03	0.50	0.90	0.76	0.99	0.46
Dividend Per Share	0.390	0.390	0.350	0.320	-	0.150
Dividend Growth	11.43%	11.43%	9.38%	-	-	0%
Gross Margin	26.54%	26.78%	26.78%	26.78%	27.67%	28.80%
Operating Margin	5.63%	6.98%	8.22%	8.57%	9.11%	9.31%
Profit Margin	9.86%	12.93%	12.00%	11.56%	11.71%	10.84%
Free Cash Flow Margin	-0.69%	9.48%	16.97%	14.01%	20.41%	9.06%
EBITDA	821.37	1,008	1,150	1,157	1,068	1,109
EBITDA Margin	7.48%	8.64%	9.76%	10.16%	10.89%	10.89%
D&A For EBITDA	203.13	193.69	181.1	180.6	173.99	160.99
EBIT	618.24	814.46	969.07	976.59	893.85	948.37
EBIT Margin	5.63%	6.98%	8.22%	8.57%	9.11%	9.31%
Effective Tax Rate	-	-	1.20%	3.06%	2.40%	1.76%
Revenue as Reported	10,986	11,674	11,785	11,395	9,808	-
Advertising Expenses	-	205.69	150.95	130.09	63.64	-

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