Milkyway Chemical Supply Chain Service Co.,Ltd (SHA:603713)

SHA:603713 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	12,542	12,096	9,742	11,550	8,616	3,420
Other Revenue	22.06	22.06	10.24	25.64	28.74	7.28
Revenue	12,564	12,118	9,753	11,576	8,645	3,427
Revenue Growth (YoY)	22.00%	24.26%	-15.75%	33.90%	152.26%	41.68%
Cost of Revenue	11,132	10,737	8,609	10,316	7,758	2,854
Gross Profit	1,433	1,381	1,144	1,260	886.61	572.7
Selling, General & Admin	398.29	390.64	415.03	422.25	291.23	176.83
Research & Development	64.94	60.93	47.9	31.37	28.31	25.6
Other Operating Expenses	23.61	30.07	14.61	5.66	7.5	1.71
Operating Expenses	495.71	495.79	474.14	475.67	321.87	210.33
Operating Income	936.82	885.36	669.75	784.34	564.74	362.36
Interest Expense	-164.55	-156.4	-120.38	-84.41	-43.66	-20.38
Interest & Investment Income	47.54	44.27	19.67	10.69	15.88	4.74
Currency Exchange Gain (Loss)	10.5	10.5	1.69	35.12	-3.79	-6.89
Other Non Operating Income (Expenses)	-21.05	-17.49	-10.27	-9.67	-12.83	-5.61
EBT Excluding Unusual Items	809.27	766.24	560.48	736.07	520.34	334.22
Impairment of Goodwill	-4.31	-4.31	-	-39.5	-12.67	-3.9
Gain (Loss) on Sale of Investments	-10.43	-8.25	9.11	1.53	0.28	-0.44
Gain (Loss) on Sale of Assets	-4.68	-2.59	-3.05	-4.69	-4.6	-1.89
Asset Writedown	1.52	-	-	-1.04	-	-
Legal Settlements	-	-	-	-	-	-0.4
Other Unusual Items	50.21	50.21	41.06	36.93	24.5	21.85
Pretax Income	841.58	801.3	607.6	729.31	527.85	349.44
Income Tax Expense	158.27	147.1	126.2	105.74	91.89	59.65
Earnings From Continuing Operations	683.3	654.2	481.4	623.56	435.97	289.79
Minority Interest in Earnings	-96.94	-89.02	-50.09	-18.49	-4.17	-1.29
Net Income	586.36	565.18	431.31	605.07	431.79	288.5
Net Income to Common	586.36	565.18	431.31	605.07	431.79	288.5
Net Income Growth	23.46%	31.04%	-28.72%	40.13%	49.67%	47.15%
Shares Outstanding (Basic)	164	164	164	164	162	155
Shares Outstanding (Diluted)	172	174	170	170	162	155
Shares Change (YoY)	1.48%	2.12%	-0.03%	4.92%	4.72%	1.49%
EPS (Basic)	3.58	3.45	2.62	3.68	2.66	1.86
EPS (Diluted)	3.40	3.26	2.54	3.56	2.66	1.86
EPS Growth	21.66%	28.31%	-28.69%	33.55%	42.92%	44.99%
Free Cash Flow	527.76	-165.05	178.98	-146.4	-191.28	227.34
Free Cash Flow Per Share	3.06	-0.95	1.05	-0.86	-1.18	1.47
Dividend Per Share	0.710	0.710	0.530	0.550	0.390	0.260
Dividend Growth	33.96%	33.96%	-3.64%	41.03%	50.00%	36.84%
Gross Margin	11.40%	11.40%	11.73%	10.88%	10.26%	16.71%
Operating Margin	7.46%	7.31%	6.87%	6.78%	6.53%	10.57%
Profit Margin	4.67%	4.66%	4.42%	5.23%	5.00%	8.42%
Free Cash Flow Margin	4.20%	-1.36%	1.84%	-1.26%	-2.21%	6.63%
EBITDA	1,143	1,084	838.02	948.42	697	460.86
EBITDA Margin	9.10%	8.95%	8.59%	8.19%	8.06%	13.45%
D&A For EBITDA	206.27	198.67	168.27	164.08	132.25	98.49
EBIT	936.82	885.36	669.75	784.34	564.74	362.36
EBIT Margin	7.46%	7.31%	6.87%	6.78%	6.53%	10.57%
Effective Tax Rate	18.81%	18.36%	20.77%	14.50%	17.41%	17.07%
Revenue as Reported	12,564	12,118	9,753	11,576	8,645	3,427
Advertising Expenses	-	9.44	9.61	12.74	8.12	6.72

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