Zhejiang Dafeng Industry Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,354	1,827	1,932	2,838	2,953	2,498
Other Revenue	16.27	16.27	5.92	4.47	5.89	10.66
Revenue	2,371	1,843	1,938	2,842	2,959	2,509
Revenue Growth (YoY)	69.37%	-4.88%	-31.83%	-3.93%	17.91%	17.21%
Cost of Revenue	1,672	1,231	1,455	1,996	2,061	1,743
Gross Profit	698.98	612.51	482.59	846.72	897.33	765.67
Selling, General & Admin	444.68	377.03	326.32	276.75	253.01	217.51
Research & Development	98.79	104.21	111.8	128.81	124.53	112.96
Other Operating Expenses	25.57	16.09	15.72	14.88	18.89	17.96
Operating Expenses	677.33	587.72	488.36	526.49	443.03	407.64
Operating Income	21.65	24.79	-5.77	320.24	454.3	358.03
Interest Expense	-112.22	-120.73	-117.44	-106.68	-34.94	-31.03
Interest & Investment Income	218.23	216.24	225.4	100.26	22.8	23.75
Currency Exchange Gain (Loss)	-27.85	-27.85	-0.3	-0.42	-0.58	0.46
Other Non Operating Income (Expenses)	36.47	-3.66	-12.19	-2.79	3.87	-0.35
EBT Excluding Unusual Items	136.29	88.79	89.71	310.6	445.45	350.87
Gain (Loss) on Sale of Investments	0.3	-12.99	3.47	4.23	1.39	4.53
Gain (Loss) on Sale of Assets	-0.05	-0.06	-0.18	0.21	-0.06	-0.56
Asset Writedown	-11.07	-0	0.03	-	-	-
Other Unusual Items	14.53	14.53	13.39	11.16	10.32	13.26
Pretax Income	139.99	90.25	106.42	326.21	457.1	368.09
Income Tax Expense	39.84	28.12	10.13	48.49	73.85	55.7
Earnings From Continuing Operations	100.15	62.13	96.29	277.71	383.24	312.39
Minority Interest in Earnings	3.93	2.48	4.71	9.28	7.63	1.28
Net Income	104.08	64.61	101	286.99	390.87	313.67
Net Income to Common	104.08	64.61	101	286.99	390.87	313.67
Net Income Growth	253.14%	-36.03%	-64.81%	-26.58%	24.61%	32.80%
Shares Outstanding (Basic)	414	404	404	416	407	402
Shares Outstanding (Diluted)	414	404	404	416	439	436
Shares Change (YoY)	4.28%	-0.05%	-2.87%	-5.29%	0.81%	-0.40%
EPS (Basic)	0.25	0.16	0.25	0.69	0.96	0.78
EPS (Diluted)	0.25	0.16	0.25	0.69	0.89	0.72
EPS Growth	238.64%	-36.00%	-63.77%	-22.47%	23.61%	33.33%
Free Cash Flow	316.77	-4.1	-71.9	-779.25	-595.47	-329.84
Free Cash Flow Per Share	0.77	-0.01	-0.18	-1.87	-1.36	-0.76
Dividend Per Share	0.130	0.130	0.050	0.150	0.200	0.150
Dividend Growth	160.00%	160.00%	-66.67%	-25.00%	33.33%	25.00%
Gross Margin	29.48%	33.23%	24.91%	29.79%	30.33%	30.52%
Operating Margin	0.91%	1.34%	-0.30%	11.27%	15.35%	14.27%
Profit Margin	4.39%	3.50%	5.21%	10.10%	13.21%	12.50%
Free Cash Flow Margin	13.36%	-0.22%	-3.71%	-27.41%	-20.13%	-13.15%
EBITDA	89.72	90.22	56.16	366.25	492.63	392.78
EBITDA Margin	3.78%	4.90%	2.90%	12.88%	16.65%	15.65%
D&A For EBITDA	68.06	65.43	61.93	46.01	38.33	34.75
EBIT	21.65	24.79	-5.77	320.24	454.3	358.03
EBIT Margin	0.91%	1.34%	-0.30%	11.27%	15.35%	14.27%
Effective Tax Rate	28.46%	31.16%	9.52%	14.87%	16.16%	15.13%
Revenue as Reported	2,371	1,843	1,938	2,842	2,959	2,509
Advertising Expenses	-	7.53	5.33	3.61	7.54	2.92

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