Zhejiang Rongsheng Environmental Protection Paper Co., Ltd. (SHA:603165)

SHA:603165 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	2,166	2,219	2,280	2,553	2,401	1,687
Other Revenue	15.8	15.8	10.88	10.33	13.65	8.94
Revenue	2,182	2,235	2,291	2,563	2,415	1,695
Revenue Growth (YoY)	-4.06%	-2.45%	-10.60%	6.14%	42.42%	1.19%
Cost of Revenue	1,928	1,901	1,966	2,357	2,042	1,429
Gross Profit	254.49	334.42	324.8	205.94	372.93	266.08
Selling, General & Admin	63.75	55.71	51.7	40.87	37.95	28.3
Research & Development	94.37	121.68	122.78	128.8	108.82	86.86
Other Operating Expenses	-102.5	-102.13	-101.3	-113.04	-18.28	-66.78
Operating Expenses	65.06	82.32	74.06	56.97	131.69	48.38
Operating Income	189.43	252.11	250.74	148.97	241.24	217.7
Interest Expense	-68.37	-67.65	-26.25	-19.15	-18.96	-19.42
Interest & Investment Income	28.23	66.83	42.52	29.65	29.02	43.42
Currency Exchange Gain (Loss)	-0	-0	0.01	-0	0	0.28
Other Non Operating Income (Expenses)	-0.74	-0.69	-0.84	-0.15	0.24	-0.93
EBT Excluding Unusual Items	148.56	250.6	266.17	159.31	251.55	241.06
Gain (Loss) on Sale of Investments	59.5	33.44	-2.38	14.53	19.99	1.27
Gain (Loss) on Sale of Assets	-0.28	-0.09	-0.08	0.47	-1.69	0.36
Asset Writedown	-1.32	-1.32	-	-	-	-
Other Unusual Items	9.91	10.94	4.14	9.96	6.66	8
Pretax Income	216.36	293.56	267.85	184.28	276.5	250.69
Income Tax Expense	7.87	7.21	-2.82	16.15	-7.91	18.77
Earnings From Continuing Operations	208.48	286.35	270.67	168.13	284.42	231.92
Net Income	208.48	286.35	270.67	168.13	284.42	231.92
Net Income to Common	208.48	286.35	270.67	168.13	284.42	231.92
Net Income Growth	-29.90%	5.79%	60.99%	-40.89%	22.64%	-6.92%
Shares Outstanding (Basic)	264	268	271	267	259	249
Shares Outstanding (Diluted)	274	286	271	267	268	255
Shares Change (YoY)	-4.71%	5.79%	1.42%	-0.54%	5.28%	1.26%
EPS (Basic)	0.79	1.07	1.00	0.63	1.10	0.93
EPS (Diluted)	0.76	1.00	1.00	0.63	1.06	0.91
EPS Growth	-26.44%	-	58.73%	-40.57%	16.48%	-8.08%
Free Cash Flow	-415.9	40.82	177.77	118.81	7.35	42.12
Free Cash Flow Per Share	-1.52	0.14	0.66	0.45	0.03	0.17
Dividend Per Share	1.480	0.500	0.490	0.460	0.350	0.700
Dividend Growth	202.04%	2.04%	6.52%	31.43%	-50.00%	127.94%
Gross Margin	11.66%	14.96%	14.18%	8.04%	15.45%	15.69%
Operating Margin	8.68%	11.28%	10.94%	5.81%	9.99%	12.84%
Profit Margin	9.55%	12.81%	11.81%	6.56%	11.78%	13.68%
Free Cash Flow Margin	-19.06%	1.83%	7.76%	4.64%	0.30%	2.48%
EBITDA	289.3	350.53	347.23	234.61	315.53	282.17
EBITDA Margin	13.26%	15.68%	15.15%	9.15%	13.07%	16.64%
D&A For EBITDA	99.87	98.42	96.49	85.64	74.29	64.47
EBIT	189.43	252.11	250.74	148.97	241.24	217.7
EBIT Margin	8.68%	11.28%	10.94%	5.81%	9.99%	12.84%
Effective Tax Rate	3.64%	2.46%	-	8.76%	-	7.49%
Revenue as Reported	2,182	2,235	2,291	2,563	2,415	1,695

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.