Zhongce Rubber Group Co., Ltd. (SHA:603049)

Zhongce Rubber Group Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Jan 1, 2020
Operating Revenue	35,120	31,760	30,480	28,006	27,464
Other Revenue	132.52	129	121.56	142.42	123.83
Revenue	35,252	31,889	30,601	28,148	27,588
Revenue Growth (YoY)	10.55%	4.21%	8.71%	2.03%	2.63%
Cost of Revenue	28,607	27,228	25,816	22,436	22,577
Gross Profit	6,646	4,660	4,785	5,713	5,011
Selling, General & Admin	2,220	1,906	1,907	2,332	2,434
Research & Development	1,401	1,256	1,206	1,116	995.8
Other Operating Expenses	140.22	76.27	91.56	105.35	0.93
Operating Expenses	3,815	3,269	3,198	3,562	3,438
Operating Income	2,831	1,391	1,587	2,151	1,573
Interest Expense	-368.14	-390.76	-295.55	-314.12	-353.76
Interest & Investment Income	53.83	21.38	12.86	13.98	13.04
Currency Exchange Gain (Loss)	53.54	69.85	35.34	-61.3	93.42
Other Non Operating Income (Expenses)	-5.42	-13.06	-11.95	-12.55	-23.25
EBT Excluding Unusual Items	2,565	1,079	1,327	1,777	1,302
Gain (Loss) on Sale of Investments	-	-0.74	0.28	-	-5.75
Gain (Loss) on Sale of Assets	0.58	7.13	0.8	4.2	2.56
Asset Writedown	-31.58	-8.44	-11.63	-27.72	-14.68
Legal Settlements	-	-	-	-2.6	-7.24
Other Unusual Items	149.79	152.43	87.74	166.66	-
Pretax Income	2,684	1,229	1,405	1,917	1,277
Income Tax Expense	45.64	4.32	29.74	31.09	38.73
Earnings From Continuing Operations	2,638	1,225	1,375	1,886	1,238
Minority Interest in Earnings	-0.01	0.01	-	-	-
Net Income	2,638	1,225	1,375	1,886	1,238
Net Income to Common	2,638	1,225	1,375	1,886	1,238
Net Income Growth	115.36%	-10.91%	-27.11%	52.34%	54.37%
Shares Outstanding (Basic)	787	785	786	-	-
Shares Outstanding (Diluted)	787	785	786	-	-
Shares Change (YoY)	0.29%	-0.05%	-	-	-
EPS (Basic)	3.35	1.56	1.75	-	-
EPS (Diluted)	3.35	1.56	1.75	-	-
EPS Growth	114.74%	-10.86%	-	-	-
Free Cash Flow	996.32	-2,106	-466.42	2,103	917.79
Free Cash Flow Per Share	1.26	-2.68	-0.59	-	-
Gross Margin	18.85%	14.62%	15.64%	20.29%	18.16%
Operating Margin	8.03%	4.36%	5.18%	7.64%	5.70%
Profit Margin	7.48%	3.84%	4.49%	6.70%	4.49%
Free Cash Flow Margin	2.83%	-6.60%	-1.52%	7.47%	3.33%
EBITDA	4,618	2,916	2,877	3,212	2,854
EBITDA Margin	13.10%	9.15%	9.40%	11.41%	10.35%
D&A For EBITDA	1,787	1,525	1,290	1,061	1,282
EBIT	2,831	1,391	1,587	2,151	1,573
EBIT Margin	8.03%	4.36%	5.18%	7.64%	5.70%
Effective Tax Rate	1.70%	0.35%	2.12%	1.62%	3.03%
Revenue as Reported	-	-	-	28,148	27,588
Advertising Expenses	52.63	37.47	70.05	188.71	178.38

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