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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	10,322	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	10,449	10,917	12,168	12,727	11,378	8,620
Revenue Growth (YoY)	-12.46%	-10.28%	-4.39%	11.86%	31.99%	7.38%
Cost of Revenue	9,066	9,437	10,593	11,071	9,767	7,371
Gross Profit	1,383	1,480	1,575	1,656	1,611	1,249
Selling, General & Admin	721.57	721.57	769.27	775.3	761.5	756.8
Research & Development	105.96	105.96	82.43	73.4	64.88	48.03
Other Operating Expenses	-295.08	-295.08	-265.87	-242.52	-204.5	-221.47
Operating Expenses	546.8	546.8	598.75	634.48	627.83	604.95
Operating Income	836.44	933.2	976.69	1,022	983.24	644.23
Interest Expense	-229.54	-229.54	-255.52	-270.41	-300.58	-11.61
Interest & Investment Income	63.55	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)	-3.54	-3.12	-8.57	-2.51	-1.09	-0.52
EBT Excluding Unusual Items	666.8	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	-2.36	-2.36	0.02	-	0.25	-4.57
Gain (Loss) on Sale of Assets	6.15	6.15	3.55	12.71	22.89	0.13
Asset Writedown	-0.23	-0.23	-	-	-	-6.43
Other Unusual Items	36.78	36.78	93.73	99.63	76.6	74.82
Pretax Income	706.27	803.46	856	924.18	848.19	765.8
Income Tax Expense	34.29	49.72	38.84	56.22	56.76	54.17
Earnings From Continuing Operations	671.98	753.74	817.17	867.97	791.42	711.63
Minority Interest in Earnings	-23.69	-23.69	-0.96	-41.88	-45.45	-41.93
Net Income	648.29	730.05	816.2	826.09	745.97	669.7
Net Income to Common	648.29	730.05	816.2	826.09	745.97	669.7
Net Income Growth	-21.88%	-10.55%	-1.20%	10.74%	11.39%	13.25%
Shares Outstanding (Basic)	1,386	1,377	1,383	1,377	1,381	1,367
Shares Outstanding (Diluted)	1,386	1,377	1,383	1,377	1,381	1,367
Shares Change (YoY)	0.26%	-0.43%	0.48%	-0.33%	1.07%	-0.62%
EPS (Basic)	0.47	0.53	0.59	0.60	0.54	0.49
EPS (Diluted)	0.47	0.53	0.59	0.60	0.54	0.49
EPS Growth	-22.07%	-10.17%	-1.67%	11.11%	10.20%	13.95%
Free Cash Flow	-	925.23	1,769	770.02	865.03	503.74
Free Cash Flow Per Share	-	0.67	1.28	0.56	0.63	0.37
Dividend Per Share	0.210	0.270	0.300	0.300	0.240	0.210
Dividend Growth	-41.67%	-10.00%	-	25.00%	14.29%	5.00%
Gross Margin	13.24%	13.56%	12.95%	13.01%	14.16%	14.49%
Operating Margin	8.00%	8.55%	8.03%	8.03%	8.64%	7.47%
Profit Margin	6.20%	6.69%	6.71%	6.49%	6.56%	7.77%
Free Cash Flow Margin	-	8.48%	14.54%	6.05%	7.60%	5.84%
EBITDA	1,123	1,209	1,222	1,254	1,221	858.98
EBITDA Margin	10.74%	11.07%	10.04%	9.86%	10.73%	9.96%
D&A For EBITDA	286.13	275.76	245.27	232.68	238.02	214.75
EBIT	836.44	933.2	976.69	1,022	983.24	644.23
EBIT Margin	8.00%	8.55%	8.03%	8.03%	8.64%	7.47%
Effective Tax Rate	4.86%	6.19%	4.54%	6.08%	6.69%	7.07%
Revenue as Reported	10,917	10,917	12,168	12,727	11,378	8,620

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