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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	1,597	1,378	1,353	1,129	833.08	610.2
Other Revenue	2.58	2.58	0.94	1.2	1.16	0.74
Revenue	1,599	1,381	1,354	1,130	834.23	610.94
Revenue Growth (YoY)	14.91%	1.95%	19.86%	35.44%	36.55%	1.19%
Cost of Revenue	1,182	984.29	987.17	810.09	571.9	424.16
Gross Profit	417.09	396.34	367.02	319.77	262.34	186.78
Selling, General & Admin	251.36	249.45	223.01	201.13	159.85	126.11
Research & Development	45.09	38.55	35.66	27.43	21.78	15.76
Other Operating Expenses	-0.66	-1.29	6.47	4.24	3.66	1.42
Operating Expenses	318.73	315.07	280.75	248.41	198.02	143.51
Operating Income	98.36	81.27	86.27	71.36	64.32	43.27
Interest Expense	-13.16	-18.11	-15.72	-11.83	-10.58	-9.33
Interest & Investment Income	4.29	4.77	1.75	1.56	1.89	6.4
Currency Exchange Gain (Loss)	10.56	10.56	5.69	3.34	-2.13	1.88
Other Non Operating Income (Expenses)	-15.33	-2.12	-2.44	-1.12	-1.89	-0.96
EBT Excluding Unusual Items	84.72	76.37	75.55	63.31	51.61	41.26
Gain (Loss) on Sale of Investments	-1.09	-1.3	6.57	3.89	-3.01	-0.25
Gain (Loss) on Sale of Assets	35.32	35.33	12.39	-0.29	9.42	19.45
Asset Writedown	-0.38	0.09	0	-	-	-
Other Unusual Items	0.5	0.44	4.85	6.93	3.52	2.32
Pretax Income	119.07	110.93	99.35	73.83	61.54	62.79
Income Tax Expense	27.78	20.99	20.67	16.09	11.47	11.92
Earnings From Continuing Operations	91.29	89.94	78.69	57.75	50.07	50.87
Minority Interest in Earnings	-2.59	-5.12	-4.93	-4.81	-3.6	-2.37
Net Income	88.69	84.82	73.75	52.93	46.47	48.5
Net Income to Common	88.69	84.82	73.75	52.93	46.47	48.5
Net Income Growth	24.31%	15.01%	39.33%	13.90%	-4.17%	46.13%
Shares Outstanding (Basic)	202	220	220	221	198	179
Shares Outstanding (Diluted)	202	220	220	221	198	179
Shares Change (YoY)	-7.19%	0.10%	-0.47%	11.48%	10.41%	-0.73%
EPS (Basic)	0.44	0.39	0.34	0.24	0.23	0.27
EPS (Diluted)	0.44	0.39	0.34	0.24	0.23	0.27
EPS Growth	33.95%	14.89%	39.99%	2.17%	-13.20%	47.20%
Free Cash Flow	233.43	184.9	-49.13	-61.96	-39.9	-98.12
Free Cash Flow Per Share	1.16	0.84	-0.22	-0.28	-0.20	-0.55
Dividend Per Share	0.214	0.214	0.128	0.112	0.102	0.102
Dividend Growth	67.95%	67.95%	13.73%	10.00%	-	83.45%
Gross Margin	26.08%	28.71%	27.10%	28.30%	31.45%	30.57%
Operating Margin	6.15%	5.89%	6.37%	6.32%	7.71%	7.08%
Profit Margin	5.55%	6.14%	5.45%	4.69%	5.57%	7.94%
Free Cash Flow Margin	14.60%	13.39%	-3.63%	-5.48%	-4.78%	-16.06%
EBITDA	124.7	109.02	115.91	105.54	84.77	56.77
EBITDA Margin	7.80%	7.90%	8.56%	9.34%	10.16%	9.29%
D&A For EBITDA	26.33	27.75	29.63	34.18	20.45	13.5
EBIT	98.36	81.27	86.27	71.36	64.32	43.27
EBIT Margin	6.15%	5.89%	6.37%	6.32%	7.71%	7.08%
Effective Tax Rate	23.33%	18.92%	20.80%	21.79%	18.64%	18.99%
Revenue as Reported	1,331	1,381	1,354	1,130	834.23	610.94

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