Red Avenue New Materials Group Co., Ltd. (SHA:603650)

SHA:603650 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	3,341	3,267	2,934	2,492	2,318	2,042
Other Revenue	2.92	2.92	9.15	8.31	2.09	3.46
Revenue	3,344	3,270	2,944	2,500	2,320	2,046
Revenue Growth (YoY)	9.26%	11.10%	17.74%	7.74%	13.42%	-7.34%
Cost of Revenue	2,519	2,468	2,252	1,900	1,763	1,422
Gross Profit	824.44	802.75	691.24	599.81	557.86	624.14
Selling, General & Admin	299.28	295.9	266.04	242.27	210.6	161.82
Research & Development	225.79	216.57	179.78	158.15	146.53	82.71
Other Operating Expenses	-9.62	-6.73	7.55	10.15	8.03	8.2
Operating Expenses	515.29	506.19	454.23	412.89	365.54	253.84
Operating Income	309.15	296.56	237.02	186.92	192.32	370.29
Interest Expense	-103.6	-97.32	-84.08	-75.1	-75.84	-52.92
Interest & Investment Income	403.5	342.72	245.69	174.41	203.28	183.07
Currency Exchange Gain (Loss)	4.29	4.29	7.79	9.38	-3.54	-7
Other Non Operating Income (Expenses)	-73.17	-2.39	-5.43	-4.28	-19.34	-6.86
EBT Excluding Unusual Items	540.17	543.86	400.98	291.33	296.88	486.59
Gain (Loss) on Sale of Investments	115.9	98.59	12.06	14.77	-9.05	9.46
Gain (Loss) on Sale of Assets	-1.2	-0.8	-7.36	-13.19	17.95	5.78
Asset Writedown	-89.96	-94.79	-	-5.62	-0.04	-43.73
Other Unusual Items	3.32	3.32	21.31	18.39	29.05	8.98
Pretax Income	568.22	550.17	426.98	305.69	334.79	467.08
Income Tax Expense	17.41	15.98	22.87	24.86	25.08	40.48
Earnings From Continuing Operations	550.82	534.18	404.12	280.83	309.7	426.6
Minority Interest in Earnings	-18.28	-17.41	2.48	17.32	16.88	-16.1
Net Income	532.54	516.77	406.6	298.15	326.59	410.49
Net Income to Common	532.54	516.77	406.6	298.15	326.59	410.49
Net Income Growth	13.76%	27.10%	36.37%	-8.71%	-20.44%	24.17%
Shares Outstanding (Basic)	599	601	598	596	594	586
Shares Outstanding (Diluted)	599	601	598	608	594	586
Shares Change (YoY)	-0.27%	0.50%	-1.73%	2.47%	1.26%	-0.67%
EPS (Basic)	0.89	0.86	0.68	0.50	0.55	0.70
EPS (Diluted)	0.89	0.86	0.68	0.49	0.55	0.70
EPS Growth	14.06%	26.47%	38.78%	-10.91%	-21.43%	25.00%
Free Cash Flow	-11.78	-13.14	13.89	-259.92	-353.61	93.98
Free Cash Flow Per Share	-0.02	-0.02	0.02	-0.43	-0.60	0.16
Dividend Per Share	0.750	0.750	0.590	0.080	0.090	0.340
Dividend Growth	27.12%	27.12%	637.50%	-11.11%	-73.53%	3.03%
Gross Margin	24.65%	24.55%	23.48%	23.99%	24.04%	30.51%
Operating Margin	9.25%	9.07%	8.05%	7.48%	8.29%	18.10%
Profit Margin	15.93%	15.80%	13.81%	11.93%	14.07%	20.06%
Free Cash Flow Margin	-0.35%	-0.40%	0.47%	-10.40%	-15.24%	4.59%
EBITDA	460.97	445.33	373.55	304.31	279.14	430.15
EBITDA Margin	13.79%	13.62%	12.69%	12.17%	12.03%	21.02%
D&A For EBITDA	151.82	148.76	136.53	117.39	86.82	59.85
EBIT	309.15	296.56	237.02	186.92	192.32	370.29
EBIT Margin	9.25%	9.07%	8.05%	7.48%	8.29%	18.10%
Effective Tax Rate	3.06%	2.90%	5.36%	8.13%	7.49%	8.67%
Revenue as Reported	3,344	3,270	2,944	2,500	2,320	2,046

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