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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	10,587	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	10,714	10,917	12,168	12,727	11,378	8,620
Revenue Growth (YoY)	-11.09%	-10.28%	-4.39%	11.86%	31.99%	7.38%
Cost of Revenue	9,298	9,437	10,593	11,071	9,767	7,371
Gross Profit	1,416	1,480	1,575	1,656	1,611	1,249
Selling, General & Admin	714.43	721.57	769.27	775.3	761.5	756.8
Research & Development	103.42	105.96	82.43	73.4	64.88	48.03
Other Operating Expenses	-303.24	-295.08	-265.87	-242.52	-204.5	-221.47
Operating Expenses	525.3	546.8	598.75	634.48	627.83	604.95
Operating Income	891.04	933.2	976.69	1,022	983.24	644.23
Interest Expense	-224.12	-229.54	-255.52	-270.41	-300.58	-11.61
Interest & Investment Income	56.46	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)	-4.54	-3.12	-8.57	-2.51	-1.09	-0.52
EBT Excluding Unusual Items	718.73	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	-2.4	-2.36	0.02	-	0.25	-4.57
Gain (Loss) on Sale of Assets	4.23	6.15	3.55	12.71	22.89	0.13
Asset Writedown	2.3	-0.23	-	-	-	-6.43
Other Unusual Items	37.73	36.78	93.73	99.63	76.6	74.82
Pretax Income	759.74	803.46	856	924.18	848.19	765.8
Income Tax Expense	48.08	49.72	38.84	56.22	56.76	54.17
Earnings From Continuing Operations	711.66	753.74	817.17	867.97	791.42	711.63
Minority Interest in Earnings	-28.34	-23.69	-0.96	-41.88	-45.45	-41.93
Net Income	683.32	730.05	816.2	826.09	745.97	669.7
Net Income to Common	683.32	730.05	816.2	826.09	745.97	669.7
Net Income Growth	-17.31%	-10.55%	-1.20%	10.74%	11.39%	13.25%
Shares Outstanding (Basic)	1,362	1,377	1,383	1,377	1,381	1,367
Shares Outstanding (Diluted)	1,362	1,377	1,383	1,377	1,381	1,367
Shares Change (YoY)	-3.51%	-0.43%	0.48%	-0.33%	1.07%	-0.62%
EPS (Basic)	0.50	0.53	0.59	0.60	0.54	0.49
EPS (Diluted)	0.50	0.53	0.59	0.60	0.54	0.49
EPS Growth	-14.30%	-10.17%	-1.67%	11.11%	10.20%	13.95%
Free Cash Flow	1,588	925.23	1,769	770.02	865.03	503.74
Free Cash Flow Per Share	1.17	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	-10.00%	-10.00%	-	25.00%	14.29%	5.00%
Gross Margin	13.22%	13.56%	12.95%	13.01%	14.16%	14.49%
Operating Margin	8.32%	8.55%	8.03%	8.03%	8.64%	7.47%
Profit Margin	6.38%	6.69%	6.71%	6.49%	6.56%	7.77%
Free Cash Flow Margin	14.82%	8.48%	14.54%	6.05%	7.60%	5.84%
EBITDA	1,174	1,209	1,222	1,254	1,221	858.98
EBITDA Margin	10.96%	11.07%	10.04%	9.86%	10.73%	9.96%
D&A For EBITDA	283.38	275.76	245.27	232.68	238.02	214.75
EBIT	891.04	933.2	976.69	1,022	983.24	644.23
EBIT Margin	8.32%	8.55%	8.03%	8.03%	8.64%	7.47%
Effective Tax Rate	6.33%	6.19%	4.54%	6.08%	6.69%	7.07%
Revenue as Reported	10,714	10,917	12,168	12,727	11,378	8,620

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