Zhejiang Taihua New Material Group Co., Ltd. (SHA:603055)

SHA:603055 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	7,037	5,020	3,965	4,153	2,472
Other Revenue	83.53	73.55	43.74	103.49	28.69
Revenue	7,120	5,094	4,009	4,257	2,501
Revenue Growth (YoY)	39.78%	27.07%	-5.83%	70.19%	-7.04%
Cost of Revenue	5,624	4,056	3,214	3,222	2,000
Gross Profit	1,496	1,038	794.8	1,035	500.7
Selling, General & Admin	291.67	278.68	272.02	251.69	173.24
Research & Development	370.82	281.58	237.74	215.93	139.39
Other Operating Expenses	29.43	22.81	29.9	22.76	21.58
Operating Expenses	704.77	585.07	542.59	490.35	335.65
Operating Income	790.98	452.75	252.22	544.45	165.05
Interest Expense	-146.99	-86.85	-82.54	-66.16	-49.77
Interest & Investment Income	12.67	5.92	10.78	8.42	6.49
Currency Exchange Gain (Loss)	8.34	9.72	21.79	23	-1.27
Other Non Operating Income (Expenses)	-4.19	-4.77	-4.65	-4.43	-4.68
EBT Excluding Unusual Items	660.82	376.76	197.6	505.27	115.82
Gain (Loss) on Sale of Investments	-8.09	-37.93	3.22	0.52	1.25
Gain (Loss) on Sale of Assets	-0.75	-1.23	0.86	-0.22	-1.48
Asset Writedown	-1	-0.95	-0.83	-5.77	-11.25
Other Unusual Items	161.67	143.84	90.69	16.72	23.63
Pretax Income	812.66	480.49	291.55	516.53	127.98
Income Tax Expense	86.99	31.61	23.48	53.27	13.89
Earnings From Continuing Operations	725.67	448.88	268.07	463.26	114.09
Minority Interest in Earnings	0.05	0.23	0.61	0.45	5.65
Net Income	725.72	449.11	268.68	463.71	119.74
Net Income to Common	725.72	449.11	268.68	463.71	119.74
Net Income Growth	61.59%	67.16%	-42.06%	287.26%	-38.88%
Shares Outstanding (Basic)	885	898	867	843	748
Shares Outstanding (Diluted)	896	898	867	859	748
Shares Change (YoY)	-0.25%	3.64%	0.93%	14.74%	-8.31%
EPS (Basic)	0.82	0.50	0.31	0.55	0.16
EPS (Diluted)	0.81	0.50	0.31	0.54	0.16
EPS Growth	62.00%	61.29%	-42.59%	237.50%	-33.33%
Free Cash Flow	36.02	-1,469	-527.91	-154.02	-476.17
Free Cash Flow Per Share	0.04	-1.64	-0.61	-0.18	-0.64
Dividend Per Share	0.250	0.160	0.100	0.170	0.050
Dividend Growth	56.25%	60.00%	-41.18%	240.00%	-37.50%
Gross Margin	21.01%	20.37%	19.83%	24.31%	20.02%
Operating Margin	11.11%	8.89%	6.29%	12.79%	6.60%
Profit Margin	10.19%	8.82%	6.70%	10.89%	4.79%
Free Cash Flow Margin	0.51%	-28.83%	-13.17%	-3.62%	-19.04%
EBITDA	1,219	797.44	577.82	843.45	394.92
EBITDA Margin	17.12%	15.65%	14.41%	19.81%	15.79%
D&A For EBITDA	428.22	344.7	325.6	299	229.87
EBIT	790.98	452.75	252.22	544.45	165.05
EBIT Margin	11.11%	8.89%	6.29%	12.79%	6.60%
Effective Tax Rate	10.70%	6.58%	8.05%	10.31%	10.85%
Revenue as Reported	7,120	5,094	4,009	-	2,501
Advertising Expenses	12.67	10.93	4.51	4.99	3.29

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.