Zhejiang Wufangzhai Industry Co., Ltd. (SHA:603237)

Playa Hotels & Resorts 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	2,221	2,186	2,569	2,395	2,748	2,323
Other Revenue	65.77	65.77	65.81	67.42	144.28	97.83
Revenue	2,287	2,251	2,635	2,462	2,892	2,421
Revenue Growth (YoY)	-12.92%	-14.57%	7.03%	-14.87%	19.48%	-3.44%
Cost of Revenue	1,397	1,376	1,679	1,543	1,783	1,346
Gross Profit	890.46	875.5	956.03	919.03	1,109	1,074
Selling, General & Admin	655.15	667.19	750.11	708.59	828.59	860.3
Research & Development	26.45	26.47	19.53	15.05	13.3	10.09
Other Operating Expenses	17.36	18.2	11.21	8.58	12.17	15.2
Operating Expenses	689.25	700.61	781.69	743.28	854.5	883.45
Operating Income	201.21	174.89	174.33	175.75	254.44	190.9
Interest Expense	-6.23	-6.48	-5.97	-15.83	-9.29	-4.87
Interest & Investment Income	6.79	7.92	12.71	5.65	7.04	8.32
Currency Exchange Gain (Loss)	0.02	0.02	0.07	0.22	-0.34	-0.47
Other Non Operating Income (Expenses)	0.64	0.18	-3.04	-1.57	-0.08	-4.66
EBT Excluding Unusual Items	202.43	176.53	178.1	164.23	251.76	189.22
Gain (Loss) on Sale of Investments	-	-	-	-2.48	-0.34	-2.01
Gain (Loss) on Sale of Assets	0.83	0.55	12.85	26.18	-1.27	-0.01
Asset Writedown	-	-	-	-	0.55	-6.38
Other Unusual Items	5.25	5.25	15.6	14.33	14.73	22.54
Pretax Income	208.51	182.33	206.55	202.25	265.42	203.35
Income Tax Expense	42.68	41.46	42.71	63.81	71.74	61.32
Earnings From Continuing Operations	165.83	140.87	163.84	138.45	193.69	142.03
Minority Interest in Earnings	0.83	1.27	1.89	-0.04	-0.03	0.07
Net Income	166.67	142.14	165.74	138.41	193.66	142.1
Net Income to Common	166.67	142.14	165.74	138.41	193.66	142.1
Net Income Growth	4.22%	-14.24%	19.74%	-28.53%	36.28%	-12.90%
Shares Outstanding (Basic)	193	195	197	166	148	148
Shares Outstanding (Diluted)	193	195	197	166	148	148
Shares Change (YoY)	-1.34%	-1.31%	19.13%	11.70%	0.12%	-
EPS (Basic)	0.86	0.73	0.84	0.84	1.31	0.96
EPS (Diluted)	0.86	0.73	0.84	0.84	1.31	0.96
EPS Growth	5.64%	-13.10%	0.52%	-36.02%	36.17%	-12.93%
Free Cash Flow	200.87	182.8	-209.74	132.64	-90.15	236.47
Free Cash Flow Per Share	1.04	0.94	-1.06	0.80	-0.61	1.60
Dividend Per Share	0.500	0.500	0.714	0.561	-	0.765
Dividend Growth	-30.00%	-30.00%	27.28%	-	-	-
Gross Margin	38.93%	38.89%	36.28%	37.33%	38.34%	44.38%
Operating Margin	8.80%	7.77%	6.62%	7.14%	8.80%	7.89%
Profit Margin	7.29%	6.31%	6.29%	5.62%	6.70%	5.87%
Free Cash Flow Margin	8.78%	8.12%	-7.96%	5.39%	-3.12%	9.77%
EBITDA	263.85	235.7	227.88	219.34	292.16	227.24
EBITDA Margin	11.54%	10.47%	8.65%	8.91%	10.10%	9.39%
D&A For EBITDA	62.63	60.81	53.55	43.58	37.73	36.34
EBIT	201.21	174.89	174.33	175.75	254.44	190.9
EBIT Margin	8.80%	7.77%	6.62%	7.14%	8.80%	7.89%
Effective Tax Rate	20.47%	22.74%	20.68%	31.55%	27.03%	30.16%
Revenue as Reported	2,287	2,251	2,635	2,462	2,892	-
Advertising Expenses	-	66.96	64.59	57.98	76.35	-

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