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

SHA:603055 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	7,042	7,037	5,020	3,965	4,153	2,472
Other Revenue	83.53	83.53	73.55	43.74	103.49	28.69
Revenue	7,126	7,120	5,094	4,009	4,257	2,501
Revenue Growth (YoY)	27.34%	39.78%	27.07%	-5.83%	70.19%	-7.04%
Cost of Revenue	5,644	5,624	4,056	3,214	3,222	2,000
Gross Profit	1,481	1,496	1,038	794.8	1,035	500.7
Selling, General & Admin	313.83	291.67	278.68	272.02	251.69	173.24
Research & Development	357.49	370.82	281.58	237.74	215.93	139.39
Other Operating Expenses	-15.66	29.43	22.81	29.9	22.76	21.58
Operating Expenses	666.23	704.77	585.07	542.59	490.35	335.65
Operating Income	815	790.98	452.75	252.22	544.45	165.05
Interest Expense	-154.63	-146.99	-86.85	-82.54	-66.16	-49.77
Interest & Investment Income	14.41	12.67	5.92	10.78	8.42	6.49
Currency Exchange Gain (Loss)	8.34	8.34	9.72	21.79	23	-1.27
Other Non Operating Income (Expenses)	-7.64	-4.19	-4.77	-4.65	-4.43	-4.68
EBT Excluding Unusual Items	675.47	660.82	376.76	197.6	505.27	115.82
Gain (Loss) on Sale of Investments	-0.98	-8.09	-37.93	3.22	0.52	1.25
Gain (Loss) on Sale of Assets	-0.77	-0.75	-1.23	0.86	-0.22	-1.48
Asset Writedown	-1.67	-1	-0.95	-0.83	-5.77	-11.25
Other Unusual Items	160.92	161.67	143.84	90.69	16.72	23.63
Pretax Income	832.99	812.66	480.49	291.55	516.53	127.98
Income Tax Expense	91.12	86.99	31.61	23.48	53.27	13.89
Earnings From Continuing Operations	741.86	725.67	448.88	268.07	463.26	114.09
Minority Interest in Earnings	-2.79	0.05	0.23	0.61	0.45	5.65
Net Income	739.08	725.72	449.11	268.68	463.71	119.74
Net Income to Common	739.08	725.72	449.11	268.68	463.71	119.74
Net Income Growth	40.93%	61.59%	67.16%	-42.06%	287.26%	-38.88%
Shares Outstanding (Basic)	891	885	898	867	843	748
Shares Outstanding (Diluted)	902	896	898	867	859	748
Shares Change (YoY)	1.86%	-0.25%	3.64%	0.93%	14.74%	-8.31%
EPS (Basic)	0.83	0.82	0.50	0.31	0.55	0.16
EPS (Diluted)	0.82	0.81	0.50	0.31	0.54	0.16
EPS Growth	38.35%	62.00%	61.29%	-42.59%	237.50%	-33.33%
Free Cash Flow	107.34	36.02	-1,469	-527.91	-154.02	-476.17
Free Cash Flow Per Share	0.12	0.04	-1.64	-0.61	-0.18	-0.64
Dividend Per Share	0.250	0.250	0.160	0.100	0.170	0.050
Dividend Growth	56.25%	56.25%	60.00%	-41.18%	240.00%	-37.50%
Gross Margin	20.79%	21.01%	20.37%	19.83%	24.31%	20.02%
Operating Margin	11.44%	11.11%	8.89%	6.29%	12.79%	6.60%
Profit Margin	10.37%	10.19%	8.82%	6.70%	10.89%	4.79%
Free Cash Flow Margin	1.51%	0.51%	-28.83%	-13.17%	-3.62%	-19.04%
EBITDA	1,264	1,219	797.44	577.82	843.45	394.92
EBITDA Margin	17.74%	17.12%	15.65%	14.41%	19.81%	15.79%
D&A For EBITDA	449.1	428.22	344.7	325.6	299	229.87
EBIT	815	790.98	452.75	252.22	544.45	165.05
EBIT Margin	11.44%	11.11%	8.89%	6.29%	12.79%	6.60%
Effective Tax Rate	10.94%	10.70%	6.58%	8.05%	10.31%	10.85%
Revenue as Reported	7,126	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.