Jiangsu Seagull Cooling Tower Co.,Ltd. (SHA:603269)

SHA:603269 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	1,591	1,597	1,378	1,353	1,129	833.08
Other Revenue	1.76	1.76	2.58	0.94	1.2	1.16
Revenue	1,592	1,599	1,381	1,354	1,130	834.23
Revenue Growth (YoY)	10.44%	15.80%	1.95%	19.86%	35.44%	36.55%
Cost of Revenue	1,103	1,134	984.29	987.17	810.09	571.9
Gross Profit	488.98	464.47	396.34	367.02	319.77	262.34
Selling, General & Admin	243.67	242.82	249.45	223.01	201.13	159.85
Research & Development	47.86	47.82	38.55	35.66	27.43	21.78
Other Operating Expenses	6.56	6.16	-1.29	6.47	4.24	3.66
Operating Expenses	306.7	304.85	315.07	280.75	248.41	198.02
Operating Income	182.27	159.62	81.27	86.27	71.36	64.32
Interest Expense	-16.8	-17.17	-18.16	-15.72	-11.83	-10.58
Interest & Investment Income	4.2	3.94	4.77	1.75	1.56	1.89
Currency Exchange Gain (Loss)	23.82	23.82	-10.56	5.69	3.34	-2.13
Other Non Operating Income (Expenses)	-64.02	-53.52	19.04	-2.44	-1.12	-1.89
EBT Excluding Unusual Items	129.46	116.69	76.37	75.55	63.31	51.61
Gain (Loss) on Sale of Investments	0.01	-0.43	-1.3	6.57	3.89	-3.01
Gain (Loss) on Sale of Assets	1.07	-0.25	35.33	12.39	-0.29	9.42
Asset Writedown	0.49	0.01	0.09	0	-	-
Other Unusual Items	3.93	3.4	0.44	4.85	6.93	3.52
Pretax Income	134.96	119.42	110.93	99.35	73.83	61.54
Income Tax Expense	24.58	17.19	20.99	20.67	16.09	11.47
Earnings From Continuing Operations	110.39	102.23	89.94	78.69	57.75	50.07
Minority Interest in Earnings	-8.41	-6.32	-5.12	-4.93	-4.81	-3.6
Net Income	101.97	95.91	84.82	73.75	52.93	46.47
Net Income to Common	101.97	95.91	84.82	73.75	52.93	46.47
Net Income Growth	6.78%	13.08%	15.01%	39.33%	13.90%	-4.17%
Shares Outstanding (Basic)	219	223	223	220	221	198
Shares Outstanding (Diluted)	219	223	223	220	221	198
Shares Change (YoY)	-2.75%	-0.07%	1.60%	-0.47%	11.48%	10.41%
EPS (Basic)	0.47	0.43	0.38	0.34	0.24	0.23
EPS (Diluted)	0.47	0.43	0.38	0.34	0.24	0.23
EPS Growth	9.80%	13.16%	13.20%	39.99%	2.17%	-13.20%
Free Cash Flow	156.06	151.95	184.9	-49.13	-61.96	-39.9
Free Cash Flow Per Share	0.71	0.68	0.83	-0.22	-0.28	-0.20
Dividend Per Share	0.300	0.300	0.214	0.128	0.112	0.102
Dividend Growth	39.99%	39.99%	67.95%	13.73%	10.00%	-
Gross Margin	30.71%	29.05%	28.71%	27.10%	28.30%	31.45%
Operating Margin	11.45%	9.98%	5.89%	6.37%	6.32%	7.71%
Profit Margin	6.40%	6.00%	6.14%	5.45%	4.69%	5.57%
Free Cash Flow Margin	9.80%	9.50%	13.39%	-3.63%	-5.48%	-4.78%
EBITDA	210.02	187.49	109.62	115.91	105.54	84.77
EBITDA Margin	13.19%	11.73%	7.94%	8.56%	9.34%	10.16%
D&A For EBITDA	27.75	27.87	28.35	29.63	34.18	20.45
EBIT	182.27	159.62	81.27	86.27	71.36	64.32
EBIT Margin	11.45%	9.98%	5.89%	6.37%	6.32%	7.71%
Effective Tax Rate	18.21%	14.39%	18.92%	20.80%	21.79%	18.64%
Revenue as Reported	1,592	1,599	1,381	1,354	1,130	834.23

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