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	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	10,917	12,009	12,657	11,266	8,550
Other Revenue	-	158.86	70.29	111.45	70.33
Revenue	10,917	12,168	12,727	11,378	8,620
Revenue Growth (YoY)	-10.28%	-4.39%	11.86%	31.99%	7.38%
Cost of Revenue	9,338	10,593	11,071	9,767	7,371
Gross Profit	1,580	1,575	1,656	1,611	1,249
Selling, General & Admin	763.29	769.27	775.3	761.5	756.8
Research & Development	105.96	82.43	73.4	64.88	48.03
Other Operating Expenses	-330.43	-265.87	-242.52	-204.5	-221.47
Operating Expenses	538.82	598.75	634.48	627.83	604.95
Operating Income	1,041	976.69	1,022	983.24	644.23
Interest Expense	-	-255.52	-270.41	-300.58	-11.61
Interest & Investment Income	49.52	55.42	62.69	67.68	71.51
Currency Exchange Gain (Loss)	-	2.48	1.34	0.05	-0.03
Other Non Operating Income (Expenses)	-231.87	-8.57	-2.51	-1.09	-0.52
EBT Excluding Unusual Items	858.48	770.5	812.69	749.3	703.57
Impairment of Goodwill	-	-11.8	-0.86	-0.86	-1.71
Gain (Loss) on Sale of Investments	-2.36	0.02	-	0.25	-4.57
Gain (Loss) on Sale of Assets	6.36	3.55	12.71	22.89	0.13
Asset Writedown	-59.02	-	-	-	-6.43
Other Unusual Items	-	93.73	99.63	76.6	74.82
Pretax Income	803.46	856	924.18	848.19	765.8
Income Tax Expense	49.72	38.84	56.22	56.76	54.17
Earnings From Continuing Operations	753.74	817.17	867.97	791.42	711.63
Minority Interest in Earnings	-23.69	-0.96	-41.88	-45.45	-41.93
Net Income	730.05	816.2	826.09	745.97	669.7
Net Income to Common	730.05	816.2	826.09	745.97	669.7
Net Income Growth	-10.55%	-1.20%	10.74%	11.39%	13.25%
Shares Outstanding (Basic)	1,377	1,383	1,377	1,381	1,367
Shares Outstanding (Diluted)	1,377	1,383	1,377	1,381	1,367
Shares Change (YoY)	-0.43%	0.48%	-0.33%	1.07%	-0.62%
EPS (Basic)	0.53	0.59	0.60	0.54	0.49
EPS (Diluted)	0.53	0.59	0.60	0.54	0.49
EPS Growth	-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	-	0.300	0.300	0.240	0.210
Dividend Growth	-	-	25.00%	14.29%	5.00%
Gross Margin	14.47%	12.95%	13.01%	14.16%	14.49%
Operating Margin	9.53%	8.03%	8.03%	8.64%	7.47%
Profit Margin	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	1,317	1,218	1,254	1,221	858.98
EBITDA Margin	12.06%	10.01%	9.86%	10.73%	9.96%
D&A For EBITDA	275.83	241.71	232.68	238.02	214.75
EBIT	1,041	976.69	1,022	983.24	644.23
EBIT Margin	9.53%	8.03%	8.03%	8.64%	7.47%
Effective Tax Rate	6.19%	4.54%	6.08%	6.69%	7.07%
Revenue as Reported	-	12,168	12,727	11,378	8,620

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