Jiangxi Jiangnan New Material Technology Co., Ltd. (SHA:603124)

SHA:603124 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	9,869	8,696	6,816	6,229	6,283	3,596
Other Revenue	3.02	3.02	1.63	1.45	1.66	2
Revenue	9,872	8,699	6,818	6,230	6,284	3,598
Revenue Growth (YoY)	44.80%	27.59%	9.43%	-0.86%	74.66%	20.32%
Cost of Revenue	9,504	8,377	6,587	6,068	6,039	3,437
Gross Profit	367.51	321.29	230.1	162.35	245.29	161.42
Selling, General & Admin	68.17	57.37	43.76	35.95	35.67	39.36
Research & Development	49.3	34.55	26.18	21.95	19.69	13.7
Other Operating Expenses	-5.87	1.73	-7.64	-6.21	-3.73	0.01
Operating Expenses	118.43	100.3	65.35	52.32	54.76	55.78
Operating Income	249.08	220.99	164.75	110.03	190.53	105.65
Interest Expense	-39.96	-33.89	-18.12	-12.17	-14.78	-11.05
Interest & Investment Income	8.58	4.82	2.61	1.32	0.94	1.28
Currency Exchange Gain (Loss)	-2.31	-2.31	-0.27	-1.7	-2.6	0.84
Other Non Operating Income (Expenses)	2.54	-3.3	-1.29	-1.67	-2.03	-1.96
EBT Excluding Unusual Items	217.93	186.31	147.68	95.8	172.07	94.76
Gain (Loss) on Sale of Investments	0.21	0.97	-3.84	-5.26	-6.13	-14.83
Gain (Loss) on Sale of Assets	0.1	0.43	-0.21	0.05	-	-
Asset Writedown	3.69	-0.7	-	-	-0.15	-0.61
Other Unusual Items	19.92	20.53	20.26	25.86	16.25	14.53
Pretax Income	241.84	207.55	163.88	116.45	182.04	93.84
Income Tax Expense	35.79	31.24	22.12	11.31	34.3	21.13
Net Income	206.06	176.31	141.76	105.14	147.73	72.71
Net Income to Common	206.06	176.31	141.76	105.14	147.73	72.71
Net Income Growth	45.36%	24.37%	34.83%	-28.83%	103.17%	18.74%
Shares Outstanding (Basic)	128	110	109	110	106	92
Shares Outstanding (Diluted)	128	110	109	110	106	92
Shares Change (YoY)	16.92%	0.42%	-0.44%	3.05%	15.47%	-
EPS (Basic)	1.62	1.61	1.30	0.96	1.39	0.79
EPS (Diluted)	1.62	1.61	1.30	0.96	1.39	0.79
EPS Growth	24.32%	23.85%	35.42%	-30.94%	75.95%	-
Free Cash Flow	-432.45	-957.41	-879.13	-630.74	-583.08	-367.75
Free Cash Flow Per Share	-3.39	-8.74	-8.06	-5.76	-5.49	-4.00
Dividend Per Share	0.370	0.370	-	-	-	-
Gross Margin	3.72%	3.69%	3.38%	2.61%	3.90%	4.49%
Operating Margin	2.52%	2.54%	2.42%	1.77%	3.03%	2.94%
Profit Margin	2.09%	2.03%	2.08%	1.69%	2.35%	2.02%
Free Cash Flow Margin	-4.38%	-11.01%	-12.90%	-10.12%	-9.28%	-10.22%
EBITDA	275.86	244.45	183.77	125.49	203.77	115.9
EBITDA Margin	2.79%	2.81%	2.70%	2.01%	3.24%	3.22%
D&A For EBITDA	26.78	23.45	19.02	15.46	13.25	10.25
EBIT	249.08	220.99	164.75	110.03	190.53	105.65
EBIT Margin	2.52%	2.54%	2.42%	1.77%	3.03%	2.94%
Effective Tax Rate	14.80%	15.05%	13.50%	9.71%	18.84%	22.52%
Revenue as Reported	9,872	8,699	6,818	6,230	6,284	3,598

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