AA Industrial Belting (Shanghai) Co.,Ltd (SHA:603580)

SHA:603580 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	176.93	165.88	153.86	176.52	252.48	194.16
Other Revenue	1.65	1.65	0.76	-	-	-
Revenue	178.58	167.53	154.62	176.52	252.48	194.16
Revenue Growth (YoY)	12.11%	8.35%	-12.41%	-30.09%	30.04%	0.34%
Cost of Revenue	123.11	115.38	104.07	125.12	161.4	121.04
Gross Profit	55.46	52.16	50.55	51.4	91.08	73.12
Selling, General & Admin	41.1	42.24	43.27	39.49	39.24	33.29
Research & Development	10.7	10.67	10	10.47	13.06	9.75
Other Operating Expenses	3.65	2.97	1.68	2.03	2.38	2.13
Operating Expenses	51.14	49.83	53.62	56.39	56.55	43.52
Operating Income	4.32	2.33	-3.07	-4.99	34.53	29.6
Interest Expense	-	-0.78	-0.69	-0.89	-0.32	-0.27
Interest & Investment Income	0.41	0.2	0.21	0.35	4.56	4.37
Earnings From Equity Investments	-1.26	-1.26	-	-	-	-
Currency Exchange Gain (Loss)	-0.73	-0.73	4.21	3.79	-3.31	0.08
Other Non Operating Income (Expenses)	1.76	-0.36	-0.17	-0.16	-0.2	-0.21
EBT Excluding Unusual Items	4.5	-0.6	0.49	-1.89	35.26	33.56
Gain (Loss) on Sale of Investments	-8.5	-8.5	-	-2.8	-	0.26
Gain (Loss) on Sale of Assets	1.25	1.23	0.36	0.03	-	0.11
Asset Writedown	-10.2	-10.2	-0	-0.01	-0.07	-0.61
Other Unusual Items	3.03	3.03	0.38	1.17	2.06	1.61
Pretax Income	-9.91	-15.04	1.22	-3.5	37.25	34.93
Income Tax Expense	-3.88	-4.69	-0.09	0.02	3.78	4.51
Earnings From Continuing Operations	-6.04	-10.34	1.31	-3.51	33.47	30.42
Minority Interest in Earnings	1.37	1.5	1.02	0.71	0.61	0.15
Net Income	-4.67	-8.85	2.34	-2.8	34.07	30.57
Net Income to Common	-4.67	-8.85	2.34	-2.8	34.07	30.57
Net Income Growth	-	-	-	-	11.48%	-14.03%
Shares Outstanding (Basic)	131	131	131	131	131	131
Shares Outstanding (Diluted)	131	131	131	131	131	131
Shares Change (YoY)	0.26%	0.11%	-0.32%	0.22%	-0.02%	0.01%
EPS (Basic)	-0.04	-0.07	0.02	-0.02	0.26	0.23
EPS (Diluted)	-0.04	-0.07	0.02	-0.02	0.26	0.23
EPS Growth	-	-	-	-	11.50%	-14.04%
Free Cash Flow	7.93	13.08	-9.55	-27.91	-54.96	-14.12
Free Cash Flow Per Share	0.06	0.10	-0.07	-0.21	-0.42	-0.11
Dividend Per Share	0.082	0.082	0.082	-	0.164	0.082
Dividend Growth	-	-	-	-	100.00%	-
Gross Margin	31.06%	31.13%	32.69%	29.12%	36.07%	37.66%
Operating Margin	2.42%	1.39%	-1.99%	-2.83%	13.68%	15.25%
Profit Margin	-2.61%	-5.28%	1.51%	-1.59%	13.49%	15.74%
Free Cash Flow Margin	4.44%	7.80%	-6.18%	-15.81%	-21.77%	-7.27%
EBITDA	23.16	21.99	19.85	12.32	48.12	42.74
EBITDA Margin	12.97%	13.13%	12.84%	6.98%	19.06%	22.02%
D&A For EBITDA	18.84	19.66	22.92	17.31	13.59	13.15
EBIT	4.32	2.33	-3.07	-4.99	34.53	29.6
EBIT Margin	2.42%	1.39%	-1.98%	-2.83%	13.68%	15.25%
Effective Tax Rate	-	-	-	-	10.16%	12.91%
Revenue as Reported	178.58	167.53	154.62	176.52	252.48	194.16
Advertising Expenses	-	0.55	0.71	0.64	1.54	0.99

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