Zhejiang Dafeng Industry Co., Ltd (SHA:603081)

Zhejiang Dafeng Industry 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	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	1,844	1,843	1,938	2,842	2,959	2,509
Revenue Growth (YoY)	-2.65%	-4.88%	-31.83%	-3.93%	17.91%	17.21%
Cost of Revenue	1,269	1,231	1,455	1,996	2,061	1,743
Gross Profit	574.76	612.51	482.59	846.72	897.33	765.67
Selling, General & Admin	387.03	377.03	326.32	276.75	253.01	217.51
Research & Development	95.25	104.21	111.8	128.81	124.53	112.96
Other Operating Expenses	21.34	16.09	15.72	14.88	18.89	17.96
Operating Expenses	584.27	587.72	488.36	526.49	443.03	407.64
Operating Income	-9.51	24.79	-5.77	320.24	454.3	358.03
Interest Expense	-121.85	-120.73	-117.44	-106.68	-34.94	-31.03
Interest & Investment Income	213.04	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)	25.63	-3.66	-12.19	-2.79	3.87	-0.35
EBT Excluding Unusual Items	79.46	88.79	89.71	310.6	445.45	350.87
Gain (Loss) on Sale of Investments	0.29	-12.99	3.47	4.23	1.39	4.53
Gain (Loss) on Sale of Assets	-0.57	-0.06	-0.18	0.21	-0.06	-0.56
Asset Writedown	2.02	-0	0.03	-	-	-
Other Unusual Items	14.53	14.53	13.39	11.16	10.32	13.26
Pretax Income	95.73	90.25	106.42	326.21	457.1	368.09
Income Tax Expense	33.83	28.12	10.13	48.49	73.85	55.7
Earnings From Continuing Operations	61.9	62.13	96.29	277.71	383.24	312.39
Minority Interest in Earnings	1.57	2.48	4.71	9.28	7.63	1.28
Net Income	63.47	64.61	101	286.99	390.87	313.67
Net Income to Common	63.47	64.61	101	286.99	390.87	313.67
Net Income Growth	-44.11%	-36.03%	-64.81%	-26.58%	24.61%	32.80%
Shares Outstanding (Basic)	400	404	404	416	407	402
Shares Outstanding (Diluted)	400	404	404	416	439	436
Shares Change (YoY)	-0.73%	-0.05%	-2.87%	-5.29%	0.81%	-0.40%
EPS (Basic)	0.16	0.16	0.25	0.69	0.96	0.78
EPS (Diluted)	0.16	0.16	0.25	0.69	0.89	0.72
EPS Growth	-43.69%	-36.00%	-63.77%	-22.47%	23.61%	33.33%
Free Cash Flow	39.32	-4.1	-71.9	-779.25	-595.47	-329.84
Free Cash Flow Per Share	0.10	-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	31.17%	33.23%	24.91%	29.79%	30.33%	30.52%
Operating Margin	-0.52%	1.34%	-0.30%	11.27%	15.35%	14.27%
Profit Margin	3.44%	3.50%	5.21%	10.10%	13.21%	12.50%
Free Cash Flow Margin	2.13%	-0.22%	-3.71%	-27.41%	-20.13%	-13.15%
EBITDA	56.8	90.22	56.16	366.25	492.63	392.78
EBITDA Margin	3.08%	4.90%	2.90%	12.88%	16.65%	15.65%
D&A For EBITDA	66.31	65.43	61.93	46.01	38.33	34.75
EBIT	-9.51	24.79	-5.77	320.24	454.3	358.03
EBIT Margin	-0.52%	1.34%	-0.30%	11.27%	15.35%	14.27%
Effective Tax Rate	35.34%	31.16%	9.52%	14.87%	16.16%	15.13%
Revenue as Reported	1,844	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.