Zhejiang Rongtai Electric Material Co.,Ltd. (SHA:603119)

Altus Power 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	1,185	1,134	799.65	666.69	521.62	364.98
Other Revenue	1.11	1.11	0.61	0.78	-	-
Revenue	1,186	1,135	800.26	667.48	521.62	364.98
Revenue Growth (YoY)	37.51%	41.80%	19.89%	27.96%	42.92%	19.18%
Cost of Revenue	801.86	766.55	513.92	437.95	347.48	252.88
Gross Profit	383.76	368.21	286.34	229.52	174.14	112.1
Selling, General & Admin	72.08	72.14	64.66	50.12	34.11	36.43
Research & Development	63.06	61.31	45.11	33.67	29.1	23.24
Other Operating Expenses	8.89	9.34	8.03	6.59	0.05	3.2
Operating Expenses	145.45	145.98	118.03	90	68.13	64.81
Operating Income	238.31	222.23	168.31	139.52	106.01	47.29
Interest Expense	-1.36	-1.23	-4.63	-4.72	-7.91	-6.71
Interest & Investment Income	20.91	23.84	9.01	0.79	2.57	4.25
Currency Exchange Gain (Loss)	3.32	3.32	4.4	3.66	-1.37	-1.26
Other Non Operating Income (Expenses)	-0.13	-0.43	-0.38	-3.61	8.85	-4.45
EBT Excluding Unusual Items	261.05	247.72	176.71	135.64	108.15	39.14
Gain (Loss) on Sale of Investments	1.04	0.19	-0.49	-	-	-3.02
Gain (Loss) on Sale of Assets	-0.9	-0.9	-0.33	-0.43	7.11	0.06
Asset Writedown	1.26	-	-	-	-0.2	-
Other Unusual Items	12.43	12.83	19.45	16.37	5.18	2.27
Pretax Income	274.89	259.85	195.33	151.57	120.24	38.45
Income Tax Expense	31.95	29.6	23.53	17.8	14.05	5.85
Earnings From Continuing Operations	242.93	230.25	171.8	133.77	106.19	32.6
Minority Interest in Earnings	-	-	-	-	-1.91	-3.42
Net Income	242.93	230.25	171.8	133.77	104.28	29.18
Net Income to Common	242.93	230.25	171.8	133.77	104.28	29.18
Net Income Growth	29.47%	34.02%	28.43%	28.28%	257.42%	35.48%
Shares Outstanding (Basic)	368	365	324	272	266	104
Shares Outstanding (Diluted)	368	365	324	272	266	104
Shares Change (YoY)	6.15%	12.75%	19.29%	2.07%	155.98%	4.03%
EPS (Basic)	0.66	0.63	0.53	0.49	0.39	0.28
EPS (Diluted)	0.66	0.63	0.53	0.49	0.39	0.28
EPS Growth	21.97%	18.87%	7.66%	25.68%	41.46%	28.55%
Free Cash Flow	152.18	105.88	166.89	-16.49	33.62	33.18
Free Cash Flow Per Share	0.41	0.29	0.52	-0.06	0.13	0.32
Dividend Per Share	0.195	0.195	0.146	-	-	-
Dividend Growth	33.38%	33.38%	-	-	-	-
Gross Margin	32.37%	32.45%	35.78%	34.39%	33.38%	30.71%
Operating Margin	20.10%	19.58%	21.03%	20.90%	20.32%	12.96%
Profit Margin	20.49%	20.29%	21.47%	20.04%	19.99%	7.99%
Free Cash Flow Margin	12.84%	9.33%	20.85%	-2.47%	6.44%	9.09%
EBITDA	281.22	263.76	204.36	167.22	124.7	61.24
EBITDA Margin	23.72%	23.24%	25.54%	25.05%	23.91%	16.78%
D&A For EBITDA	42.9	41.53	36.06	27.69	18.68	13.95
EBIT	238.31	222.23	168.31	139.52	106.01	47.29
EBIT Margin	20.10%	19.58%	21.03%	20.90%	20.32%	12.96%
Effective Tax Rate	11.62%	11.39%	12.05%	11.74%	11.68%	15.21%
Revenue as Reported	1,186	1,135	800.26	667.48	-	-
Advertising Expenses	-	10.82	5.81	6.07	2.58	1.47

Updated Oct 29, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.