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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,350	3,267	2,934	2,492	2,318	2,042
Other Revenue	-1.22	2.92	9.15	8.31	2.09	3.46
Revenue	3,349	3,270	2,944	2,500	2,320	2,046
Revenue Growth (YoY)	6.29%	11.10%	17.74%	7.74%	13.42%	-7.34%
Cost of Revenue	2,524	2,468	2,252	1,900	1,763	1,422
Gross Profit	824.22	802.75	691.24	599.81	557.86	624.14
Selling, General & Admin	295.12	295.9	266.04	242.27	210.6	161.82
Research & Development	240.09	216.57	179.78	158.15	146.53	82.71
Other Operating Expenses	-1.59	-6.73	7.55	10.15	8.03	8.2
Operating Expenses	532.35	506.19	454.23	412.89	365.54	253.84
Operating Income	291.87	296.56	237.02	186.92	192.32	370.29
Interest Expense	-107.61	-97.32	-84.08	-75.1	-75.84	-52.92
Interest & Investment Income	375.01	342.72	245.69	174.41	203.28	183.07
Currency Exchange Gain (Loss)	5.25	4.29	7.79	9.38	-3.54	-7
Other Non Operating Income (Expenses)	-93.46	-2.39	-5.43	-4.28	-19.34	-6.86
EBT Excluding Unusual Items	471.07	543.86	400.98	291.33	296.88	486.59
Gain (Loss) on Sale of Investments	104.46	98.59	12.06	14.77	-9.05	9.46
Gain (Loss) on Sale of Assets	-1.16	-0.8	-7.36	-13.19	17.95	5.78
Asset Writedown	0	-94.79	-	-5.62	-0.04	-43.73
Other Unusual Items	13.86	3.32	21.31	18.39	29.05	8.98
Pretax Income	588.24	550.17	426.98	305.69	334.79	467.08
Income Tax Expense	17.43	15.98	22.87	24.86	25.08	40.48
Earnings From Continuing Operations	570.82	534.18	404.12	280.83	309.7	426.6
Minority Interest in Earnings	-16.25	-17.41	2.48	17.32	16.88	-16.1
Net Income	554.57	516.77	406.6	298.15	326.59	410.49
Net Income to Common	554.57	516.77	406.6	298.15	326.59	410.49
Net Income Growth	11.67%	27.10%	36.37%	-8.71%	-20.44%	24.17%
Shares Outstanding (Basic)	597	601	598	596	594	586
Shares Outstanding (Diluted)	597	601	598	608	594	586
Shares Change (YoY)	-1.36%	0.50%	-1.73%	2.47%	1.26%	-0.67%
EPS (Basic)	0.93	0.86	0.68	0.50	0.55	0.70
EPS (Diluted)	0.93	0.86	0.68	0.49	0.55	0.70
EPS Growth	13.21%	26.47%	38.78%	-10.91%	-21.43%	25.00%
Free Cash Flow	-57.63	-13.14	13.89	-259.92	-353.61	93.98
Free Cash Flow Per Share	-0.10	-0.02	0.02	-0.43	-0.60	0.16
Dividend Per Share	0.500	0.750	0.590	0.080	0.090	0.340
Dividend Growth	-40.48%	27.12%	637.50%	-11.11%	-73.53%	3.03%
Gross Margin	24.61%	24.55%	23.48%	23.99%	24.04%	30.51%
Operating Margin	8.72%	9.07%	8.05%	7.48%	8.29%	18.10%
Profit Margin	16.56%	15.80%	13.81%	11.93%	14.07%	20.06%
Free Cash Flow Margin	-1.72%	-0.40%	0.47%	-10.40%	-15.24%	4.59%
EBITDA	451.71	445.33	373.55	304.31	279.14	430.15
EBITDA Margin	13.49%	13.62%	12.69%	12.17%	12.03%	21.02%
D&A For EBITDA	159.84	148.76	136.53	117.39	86.82	59.85
EBIT	291.87	296.56	237.02	186.92	192.32	370.29
EBIT Margin	8.72%	9.07%	8.05%	7.48%	8.29%	18.10%
Effective Tax Rate	2.96%	2.90%	5.36%	8.13%	7.49%	8.67%
Revenue as Reported	3,349	3,270	2,944	2,500	2,320	2,046

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