Zhejiang XCC Group Co.,Ltd (SHA:603667)

SHA:603667 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	3,322	3,206	3,045	3,116	2,342	1,692
Other Revenue	58.46	58.46	60.62	84.31	81.64	61.65
Revenue	3,381	3,265	3,106	3,200	2,423	1,754
Revenue Growth (YoY)	10.17%	5.10%	-2.94%	32.07%	38.15%	-3.50%
Cost of Revenue	2,853	2,755	2,595	2,671	1,954	1,417
Gross Profit	527.66	509.18	511.36	529.41	469.07	337.21
Selling, General & Admin	294.61	272.45	231.66	257.34	201.09	146.3
Research & Development	94.54	98.7	101.33	101.84	81.68	61.06
Other Operating Expenses	11.8	15.46	8.02	20.86	18.65	15.7
Operating Expenses	404.4	389.71	343.56	383.95	304.82	224.57
Operating Income	123.26	119.47	167.8	145.45	164.25	112.64
Interest Expense	-47.78	-44.02	-39.33	-45.55	-46.16	-36.7
Interest & Investment Income	9.83	10.86	10.25	33.94	6.05	4.33
Currency Exchange Gain (Loss)	3.8	3.8	19.28	15.52	-8.52	-7.72
Other Non Operating Income (Expenses)	-2.85	-4.41	-6	0.04	-0.17	-0.3
EBT Excluding Unusual Items	86.26	85.7	152.01	149.4	115.45	72.24
Impairment of Goodwill	-	-	-5.32	-5.46	-5.1	-22.79
Gain (Loss) on Sale of Investments	0.59	-0.02	-0.1	-0.92	6.41	8.34
Gain (Loss) on Sale of Assets	0.33	0.1	0.61	2.85	3.26	0.04
Asset Writedown	0.28	0.02	-0.81	-1.32	-0.29	0.01
Other Unusual Items	20.31	20.31	16.63	31.75	32.28	19.2
Pretax Income	107.77	106.1	163.02	176.3	152.02	77.04
Income Tax Expense	16.04	15.12	19.18	17.4	21.45	13.9
Earnings From Continuing Operations	91.73	90.98	143.84	158.9	130.57	63.14
Minority Interest in Earnings	-0.34	0.39	-5.66	-11.13	-7.05	-1.04
Net Income	91.39	91.37	138.18	147.77	123.51	62.1
Net Income to Common	91.39	91.37	138.18	147.77	123.51	62.1
Net Income Growth	-32.72%	-33.88%	-6.49%	19.64%	98.89%	-39.35%
Shares Outstanding (Basic)	366	365	345	308	287	296
Shares Outstanding (Diluted)	366	365	345	308	287	296
Shares Change (YoY)	2.59%	5.80%	12.21%	7.18%	-2.87%	3.96%
EPS (Basic)	0.25	0.25	0.40	0.48	0.43	0.21
EPS (Diluted)	0.25	0.25	0.40	0.48	0.43	0.21
EPS Growth	-34.41%	-37.50%	-16.67%	11.63%	104.76%	-41.67%
Free Cash Flow	18.7	67.69	110.52	-21.78	-199.1	25.4
Free Cash Flow Per Share	0.05	0.18	0.32	-0.07	-0.69	0.09
Dividend Per Share	0.120	0.120	0.180	0.180	0.180	0.170
Dividend Growth	-33.33%	-33.33%	-	-	5.88%	-
Gross Margin	15.61%	15.60%	16.46%	16.54%	19.36%	19.23%
Operating Margin	3.65%	3.66%	5.40%	4.54%	6.78%	6.42%
Profit Margin	2.70%	2.80%	4.45%	4.62%	5.10%	3.54%
Free Cash Flow Margin	0.55%	2.07%	3.56%	-0.68%	-8.22%	1.45%
EBITDA	282.76	278.43	324.58	278.71	281.58	222.37
EBITDA Margin	8.36%	8.53%	10.45%	8.71%	11.62%	12.68%
D&A For EBITDA	159.5	158.96	156.78	133.25	117.33	109.73
EBIT	123.26	119.47	167.8	145.45	164.25	112.64
EBIT Margin	3.65%	3.66%	5.40%	4.54%	6.78%	6.42%
Effective Tax Rate	14.89%	14.25%	11.76%	9.87%	14.11%	18.04%
Revenue as Reported	3,381	3,265	3,106	3,200	2,423	1,754
Advertising Expenses	-	1.76	2.13	1.01	0.59	0.45

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.