Huida Sanitary Ware Co.,Ltd (SHA:603385)

SHA:603385 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	3,404	3,430	3,537	3,377	3,838	3,185
Other Revenue	32.18	32.18	66.71	42.32	54.59	32.59
Revenue	3,436	3,462	3,604	3,419	3,893	3,218
Revenue Growth (YoY)	-5.77%	-3.93%	5.38%	-12.16%	20.98%	0.24%
Cost of Revenue	2,540	2,550	2,714	2,583	2,822	2,207
Gross Profit	895.92	912.09	889.41	836.5	1,071	1,011
Selling, General & Admin	623.78	623.17	590.9	550.77	610.29	483.38
Research & Development	130.86	139.66	150.05	141.65	166.87	134.67
Other Operating Expenses	60.17	47.23	51.73	48.32	50.15	47.21
Operating Expenses	839.65	837.3	1,160	756.9	838.08	676.28
Operating Income	56.27	74.79	-270.47	79.59	232.75	334.67
Interest Expense	-10.9	-13.37	-14.67	-24.36	-26.85	-8.64
Interest & Investment Income	51.14	50.73	60.92	9.38	71.95	28.04
Currency Exchange Gain (Loss)	11.88	11.88	5.77	31.55	-8.28	-27.52
Other Non Operating Income (Expenses)	-4.13	-4	-3.51	-4.86	-48.24	0.23
EBT Excluding Unusual Items	104.25	120.04	-221.96	91.3	221.32	326.79
Gain (Loss) on Sale of Investments	10.33	9.28	-4.08	-20.54	-10.68	12.68
Gain (Loss) on Sale of Assets	2.33	4.29	3.49	21.49	59.45	-11.69
Asset Writedown	-4	0.03	-23.22	-	-	-
Other Unusual Items	32.1	29.75	69.87	66.6	33.95	40.04
Pretax Income	145.02	163.39	-175.9	158.85	304.04	367.81
Income Tax Expense	33.11	34.24	24.08	36.88	66.32	50.62
Earnings From Continuing Operations	111.91	129.15	-199.97	121.97	237.72	317.19
Minority Interest in Earnings	9.47	9.79	3.33	6.22	-2.39	-9.81
Net Income	121.37	138.94	-196.65	128.2	235.33	307.38
Net Income to Common	121.37	138.94	-196.65	128.2	235.33	307.38
Net Income Growth	-	-	-	-45.52%	-23.44%	-6.58%
Shares Outstanding (Basic)	386	386	386	388	380	370
Shares Outstanding (Diluted)	386	386	386	388	380	370
Shares Change (YoY)	0.54%	0.10%	-0.74%	2.35%	2.49%	0.17%
EPS (Basic)	0.31	0.36	-0.51	0.33	0.62	0.83
EPS (Diluted)	0.31	0.36	-0.51	0.33	0.62	0.83
EPS Growth	-	-	-	-46.77%	-25.30%	-6.74%
Free Cash Flow	135.45	140.25	464.47	369.25	-497.86	500.08
Free Cash Flow Per Share	0.35	0.36	1.21	0.95	-1.31	1.35
Dividend Per Share	0.110	0.110	-	0.101	0.186	0.243
Dividend Growth	-	-	-	-45.70%	-23.46%	5.65%
Gross Margin	26.07%	26.35%	24.68%	24.46%	27.51%	31.42%
Operating Margin	1.64%	2.16%	-7.51%	2.33%	5.98%	10.40%
Profit Margin	3.53%	4.01%	-5.46%	3.75%	6.04%	9.55%
Free Cash Flow Margin	3.94%	4.05%	12.89%	10.80%	-12.79%	15.54%
EBITDA	253.18	268.24	-90.88	256.65	387.06	463.41
EBITDA Margin	7.37%	7.75%	-2.52%	7.51%	9.94%	14.40%
D&A For EBITDA	196.91	193.44	179.59	177.06	154.31	128.74
EBIT	56.27	74.79	-270.47	79.59	232.75	334.67
EBIT Margin	1.64%	2.16%	-7.51%	2.33%	5.98%	10.40%
Effective Tax Rate	22.83%	20.96%	-	23.21%	21.81%	13.76%
Revenue as Reported	3,436	3,462	3,604	3,419	3,893	3,218
Advertising Expenses	-	33.7	40.92	33.55	55.44	55.86

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