Guangzhou Lushan New Materials Co., Ltd. (SHA:603051)

SHA:603051 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	1,827	2,049	2,946	2,570	1,652	1,007
Other Revenue	17.72	17.72	4.85	48.29	41.34	4.68
Revenue	1,845	2,067	2,951	2,618	1,693	1,012
Revenue Growth (YoY)	-34.10%	-29.96%	12.69%	54.63%	67.39%	27.24%
Cost of Revenue	1,666	1,865	2,814	2,369	1,443	783.09
Gross Profit	179.18	201.74	136.26	249.23	250.23	228.42
Selling, General & Admin	110.16	107.65	110.06	85.68	59.63	48.85
Research & Development	72.38	76.21	99.17	82.09	53.04	37.23
Other Operating Expenses	-13.63	-7.96	5.83	3.66	3.7	4.57
Operating Expenses	160.73	171.97	229.09	184.06	121.89	90.19
Operating Income	18.45	29.77	-92.83	65.17	128.34	138.23
Interest Expense	-34.15	-39.52	-41.15	-22.78	-6.22	-4.03
Interest & Investment Income	6.65	7.23	5.48	2.28	1.41	1.94
Currency Exchange Gain (Loss)	0.91	0.91	0.75	4.98	-1.01	-1.62
Other Non Operating Income (Expenses)	-2.24	-1.42	6.2	-0.26	-7.48	-10.28
EBT Excluding Unusual Items	-10.38	-3.03	-121.55	49.39	115.04	124.24
Gain (Loss) on Sale of Investments	0.1	-	-	-	-	-0.26
Gain (Loss) on Sale of Assets	0.07	-0.02	0.39	-0.49	0.25	1.59
Asset Writedown	-0.19	-0.19	-0.08	-	-0.3	-0.09
Other Unusual Items	12.01	12.08	14.96	22.72	10.73	12.92
Pretax Income	1.62	8.83	-106.28	71.61	125.72	138.41
Income Tax Expense	-4.58	-8.1	-19.97	-3.23	12.76	22.67
Earnings From Continuing Operations	6.2	16.94	-86.31	74.84	112.96	115.74
Net Income	6.2	16.94	-86.31	74.84	112.96	115.74
Net Income to Common	6.2	16.94	-86.31	74.84	112.96	115.74
Net Income Growth	-	-	-	-33.75%	-2.40%	60.88%
Shares Outstanding (Basic)	96	94	92	86	69	69
Shares Outstanding (Diluted)	96	94	92	86	69	69
Shares Change (YoY)	4.91%	2.47%	6.74%	24.66%	-	-
EPS (Basic)	0.06	0.18	-0.94	0.87	1.64	1.68
EPS (Diluted)	0.06	0.18	-0.94	0.87	1.64	1.68
EPS Growth	-	-	-	-46.85%	-2.40%	61.27%
Free Cash Flow	768.68	510.55	-365.3	-834.9	-90.61	-103.11
Free Cash Flow Per Share	7.98	5.43	-3.98	-9.71	-1.31	-1.49
Dividend Per Share	0.400	0.400	-	0.400	0.400	-
Gross Margin	9.71%	9.76%	4.62%	9.52%	14.78%	22.58%
Operating Margin	1.00%	1.44%	-3.15%	2.49%	7.58%	13.67%
Profit Margin	0.34%	0.82%	-2.93%	2.86%	6.67%	11.44%
Free Cash Flow Margin	41.67%	24.70%	-12.38%	-31.89%	-5.35%	-10.19%
EBITDA	100.75	106.3	-39.39	108.37	155.33	158.94
EBITDA Margin	5.46%	5.14%	-1.33%	4.14%	9.17%	15.71%
D&A For EBITDA	82.3	76.53	53.44	43.2	26.98	20.71
EBIT	18.45	29.77	-92.83	65.17	128.34	138.23
EBIT Margin	1.00%	1.44%	-3.15%	2.49%	7.58%	13.67%
Effective Tax Rate	-	-	-	-	10.15%	16.38%
Revenue as Reported	1,845	2,067	2,951	2,618	1,693	1,012
Advertising Expenses	-	7.14	8.2	4.43	4.72	-

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