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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	9,911	9,954	10,790	12,009	12,657	11,266
Other Revenue	117.74	117.74	127.23	158.86	70.29	111.45
Revenue	10,028	10,071	10,917	12,168	12,727	11,378
Revenue Growth (YoY)	-6.40%	-7.75%	-10.28%	-4.39%	11.86%	31.99%
Cost of Revenue	8,763	8,782	9,437	10,593	11,071	9,767
Gross Profit	1,266	1,290	1,480	1,575	1,656	1,611
Selling, General & Admin	735.78	728.29	721.57	769.27	775.3	761.5
Research & Development	109.74	108.38	105.96	82.43	73.4	64.88
Other Operating Expenses	-287.5	-286.35	-295.08	-265.87	-242.52	-204.5
Operating Expenses	556.22	548.5	546.8	598.75	634.48	627.83
Operating Income	709.66	741.08	933.2	976.69	1,022	983.24
Interest Expense	-214.55	-214.55	-229.54	-255.52	-270.41	-300.58
Interest & Investment Income	30.58	33.5	63.55	55.42	62.69	67.68
Currency Exchange Gain (Loss)	-0.82	-0.82	-0.11	2.48	1.34	0.05
Other Non Operating Income (Expenses)	-1.37	-4.42	-7.75	-8.57	-2.51	-1.09
EBT Excluding Unusual Items	523.5	554.78	759.35	770.5	812.69	749.3
Impairment of Goodwill	-10.46	-10.46	-0.86	-11.8	-0.86	-0.86
Gain (Loss) on Sale of Investments	0.31	0.29	-2.36	0.02	-	0.25
Gain (Loss) on Sale of Assets	34.29	34.35	6.15	3.55	12.71	22.89
Asset Writedown	-18.26	-15.79	-0.23	-	-	-
Other Unusual Items	38.73	38.73	41.41	93.73	99.63	76.6
Pretax Income	568.11	601.9	803.46	856	924.18	848.19
Income Tax Expense	40.47	40.99	49.72	38.84	56.22	56.76
Earnings From Continuing Operations	527.64	560.9	753.74	817.17	867.97	791.42
Minority Interest in Earnings	-13.08	-13.05	-23.69	-0.96	-41.88	-45.45
Net Income	514.56	547.86	730.05	816.2	826.09	745.97
Net Income to Common	514.56	547.86	730.05	816.2	826.09	745.97
Net Income Growth	-24.70%	-24.96%	-10.55%	-1.20%	10.74%	11.39%
Shares Outstanding (Basic)	1,333	1,370	1,377	1,383	1,377	1,381
Shares Outstanding (Diluted)	1,333	1,370	1,377	1,383	1,377	1,381
Shares Change (YoY)	-2.12%	-0.57%	-0.43%	0.48%	-0.33%	1.07%
EPS (Basic)	0.39	0.40	0.53	0.59	0.60	0.54
EPS (Diluted)	0.39	0.40	0.53	0.59	0.60	0.54
EPS Growth	-23.07%	-24.53%	-10.17%	-1.67%	11.11%	10.20%
Free Cash Flow	1,100	1,706	925.23	1,769	770.02	865.03
Free Cash Flow Per Share	0.82	1.25	0.67	1.28	0.56	0.63
Dividend Per Share	0.210	0.210	0.270	0.300	0.300	0.240
Dividend Growth	-22.22%	-22.22%	-10.00%	-	25.00%	14.29%
Gross Margin	12.62%	12.80%	13.56%	12.95%	13.01%	14.16%
Operating Margin	7.08%	7.36%	8.55%	8.03%	8.03%	8.64%
Profit Margin	5.13%	5.44%	6.69%	6.71%	6.49%	6.56%
Free Cash Flow Margin	10.97%	16.94%	8.48%	14.54%	6.05%	7.60%
EBITDA	985.46	1,017	1,209	1,222	1,254	1,221
EBITDA Margin	9.83%	10.10%	11.07%	10.04%	9.86%	10.73%
D&A For EBITDA	275.8	275.8	275.83	245.27	232.68	238.02
EBIT	709.66	741.08	933.2	976.69	1,022	983.24
EBIT Margin	7.08%	7.36%	8.55%	8.03%	8.03%	8.64%
Effective Tax Rate	7.12%	6.81%	6.19%	4.54%	6.08%	6.69%
Revenue as Reported	10,071	10,071	10,917	12,168	12,727	11,378

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