Jiangsu Provincial Agricultural Reclamation and Development Co.,Ltd. (SHA:601952)

SHA:601952 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	10,147	10,790	12,009	12,657	11,266	8,550
Other Revenue	127.23	127.23	158.86	70.29	111.45	70.33
Revenue	10,274	10,917	12,168	12,727	11,378	8,620
Revenue Growth (YoY)	-6.60%	-10.28%	-4.39%	11.86%	31.99%	7.38%
Cost of Revenue	8,990	9,437	10,593	11,071	9,767	7,371
Gross Profit	1,284	1,480	1,575	1,656	1,611	1,249
Selling, General & Admin	744.32	721.57	769.27	775.3	761.5	756.8
Research & Development	105.36	105.96	82.43	73.4	64.88	48.03
Other Operating Expenses	-306.64	-295.08	-265.87	-242.52	-204.5	-221.47
Operating Expenses	555.59	546.8	598.75	634.48	627.83	604.95
Operating Income	728.83	933.2	976.69	1,022	983.24	644.23
Interest Expense	-226.73	-229.54	-255.52	-270.41	-300.58	-11.61
Interest & Investment Income	57.34	63.55	55.42	62.69	67.68	71.51
Currency Exchange Gain (Loss)	-0.11	-0.11	2.48	1.34	0.05	-0.03
Other Non Operating Income (Expenses)	1.53	-3.12	-8.57	-2.51	-1.09	-0.52
EBT Excluding Unusual Items	560.86	763.99	770.5	812.69	749.3	703.57
Impairment of Goodwill	-0.86	-0.86	-11.8	-0.86	-0.86	-1.71
Gain (Loss) on Sale of Investments	-2.48	-2.36	0.02	-	0.25	-4.57
Gain (Loss) on Sale of Assets	24.16	6.15	3.55	12.71	22.89	0.13
Asset Writedown	11.92	-0.23	-	-	-	-6.43
Other Unusual Items	40.18	36.78	93.73	99.63	76.6	74.82
Pretax Income	633.79	803.46	856	924.18	848.19	765.8
Income Tax Expense	38.17	49.72	38.84	56.22	56.76	54.17
Earnings From Continuing Operations	595.62	753.74	817.17	867.97	791.42	711.63
Minority Interest in Earnings	-17.8	-23.69	-0.96	-41.88	-45.45	-41.93
Net Income	577.82	730.05	816.2	826.09	745.97	669.7
Net Income to Common	577.82	730.05	816.2	826.09	745.97	669.7
Net Income Growth	-22.11%	-10.55%	-1.20%	10.74%	11.39%	13.25%
Shares Outstanding (Basic)	1,377	1,377	1,383	1,377	1,381	1,367
Shares Outstanding (Diluted)	1,377	1,377	1,383	1,377	1,381	1,367
Shares Change (YoY)	-1.64%	-0.43%	0.48%	-0.33%	1.07%	-0.62%
EPS (Basic)	0.42	0.53	0.59	0.60	0.54	0.49
EPS (Diluted)	0.42	0.53	0.59	0.60	0.54	0.49
EPS Growth	-20.81%	-10.17%	-1.67%	11.11%	10.20%	13.95%
Free Cash Flow	1,453	925.23	1,769	770.02	865.03	503.74
Free Cash Flow Per Share	1.05	0.67	1.28	0.56	0.63	0.37
Dividend Per Share	0.270	0.270	0.300	0.300	0.240	0.210
Dividend Growth	-25.00%	-10.00%	-	25.00%	14.29%	5.00%
Gross Margin	12.50%	13.56%	12.95%	13.01%	14.16%	14.49%
Operating Margin	7.09%	8.55%	8.03%	8.03%	8.64%	7.47%
Profit Margin	5.62%	6.69%	6.71%	6.49%	6.56%	7.77%
Free Cash Flow Margin	14.14%	8.48%	14.54%	6.05%	7.60%	5.84%
EBITDA	1,027	1,209	1,222	1,254	1,221	858.98
EBITDA Margin	10.00%	11.07%	10.04%	9.86%	10.73%	9.96%
D&A For EBITDA	298.63	275.76	245.27	232.68	238.02	214.75
EBIT	728.83	933.2	976.69	1,022	983.24	644.23
EBIT Margin	7.09%	8.55%	8.03%	8.03%	8.64%	7.47%
Effective Tax Rate	6.02%	6.19%	4.54%	6.08%	6.69%	7.07%
Revenue as Reported	10,274	10,917	12,168	12,727	11,378	8,620

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