Fujian South Highway Machinery Co., Ltd. (SHA:603280)

SHA:603280 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	933.22	987.72	1,125	1,200	1,264	1,123
Other Revenue	13.65	13.65	16.09	17.47	19.95	18
Revenue	946.87	1,001	1,141	1,217	1,284	1,141
Revenue Growth (YoY)	-18.59%	-12.23%	-6.27%	-5.23%	12.53%	13.70%
Cost of Revenue	686.58	734.95	861.55	947.75	948.65	811.53
Gross Profit	260.29	266.43	279.39	269.52	335.77	329.85
Selling, General & Admin	108.12	110.14	93.75	100.43	102.6	111.68
Research & Development	83.59	82.82	73.46	64.24	72.97	55.88
Other Operating Expenses	9.44	7	5.56	9.42	8.71	7.9
Operating Expenses	201.62	199.5	174.17	170.64	184.16	175.43
Operating Income	58.66	66.93	105.23	98.88	151.62	154.42
Interest Expense	-0.14	-0.2	-0.3	-0.08	-0.11	-0.16
Interest & Investment Income	17.13	17.79	18.72	4.96	5.99	3.45
Currency Exchange Gain (Loss)	0.55	0.55	0.92	5.03	0.39	-0.45
Other Non Operating Income (Expenses)	-3.64	-0.77	-0.42	-0.14	0.49	2.08
EBT Excluding Unusual Items	72.56	84.3	124.14	108.65	158.38	159.35
Gain (Loss) on Sale of Investments	0.53	1.24	0.48	1.11	1.51	0.71
Gain (Loss) on Sale of Assets	-0.15	-0.17	0.17	-0.01	0.08	0.01
Asset Writedown	7.85	-	-	-	-0.88	-0.01
Other Unusual Items	19.11	11.79	7.28	15.95	13.34	7.28
Pretax Income	99.9	97.16	132.06	125.71	172.42	167.33
Income Tax Expense	7.11	6.37	11.65	11.29	16.92	21.14
Earnings From Continuing Operations	92.79	90.8	120.42	114.41	155.49	146.19
Minority Interest in Earnings	-	-	-	-	-	-1.33
Net Income	92.79	90.8	120.42	114.41	155.49	144.86
Net Income to Common	92.79	90.8	120.42	114.41	155.49	144.86
Net Income Growth	-23.55%	-24.60%	5.25%	-26.42%	7.34%	354.53%
Shares Outstanding (Basic)	108	108	108	84	81	81
Shares Outstanding (Diluted)	108	108	108	84	81	81
Shares Change (YoY)	-0.37%	-0.36%	29.90%	2.58%	0.04%	0.09%
EPS (Basic)	0.86	0.84	1.11	1.37	1.91	1.78
EPS (Diluted)	0.86	0.84	1.11	1.37	1.91	1.78
EPS Growth	-23.27%	-24.32%	-18.98%	-28.27%	7.30%	354.10%
Free Cash Flow	23.32	19.36	61.27	-5.47	67.56	129.59
Free Cash Flow Per Share	0.22	0.18	0.56	-0.07	0.83	1.59
Dividend Per Share	0.260	0.260	0.340	0.320	-	-
Dividend Growth	-23.53%	-23.53%	6.25%	-	-	-
Gross Margin	27.49%	26.61%	24.49%	22.14%	26.14%	28.90%
Operating Margin	6.20%	6.68%	9.22%	8.12%	11.80%	13.53%
Profit Margin	9.80%	9.07%	10.55%	9.40%	12.11%	12.69%
Free Cash Flow Margin	2.46%	1.93%	5.37%	-0.45%	5.26%	11.35%
EBITDA	75.44	83.35	120.2	113.52	166.53	168.89
EBITDA Margin	7.97%	8.32%	10.54%	9.33%	12.96%	14.80%
D&A For EBITDA	16.78	16.42	14.98	14.64	14.91	14.47
EBIT	58.66	66.93	105.23	98.88	151.62	154.42
EBIT Margin	6.20%	6.68%	9.22%	8.12%	11.80%	13.53%
Effective Tax Rate	7.11%	6.55%	8.82%	8.98%	9.82%	12.63%
Revenue as Reported	946.87	1,001	1,141	1,217	1,284	1,141
Advertising Expenses	-	13	6.34	6.24	8.03	19.09

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.