Shandong Donghong Pipe Industry Co., Ltd. (SHA:603856)

SHA:603856 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,766	2,235	2,385	2,440	1,767	2,044
Other Revenue	254.44	254.44	478.68	411.44	442.34	348.53
Revenue	2,020	2,490	2,864	2,851	2,209	2,393
Revenue Growth (YoY)	-30.51%	-13.08%	0.44%	29.09%	-7.67%	30.13%
Cost of Revenue	1,643	2,034	2,314	2,307	1,790	1,775
Gross Profit	377.47	455.52	549.95	544.5	419.4	617.99
Selling, General & Admin	194.15	191.04	196.95	154.03	161.01	144.09
Research & Development	82.61	86.46	88.03	84.8	53.55	61.86
Other Operating Expenses	5.11	6.76	10.81	15.06	10.16	14.53
Operating Expenses	205.52	269.17	334.55	347.36	261.47	245.91
Operating Income	171.96	186.35	215.4	197.14	157.94	372.08
Interest Expense	-14.76	-24.8	-23.52	-31.24	-19.69	-6.56
Interest & Investment Income	34.86	25.68	5.9	2.67	4.53	4.5
Currency Exchange Gain (Loss)	-0.19	-0.19	-0.06	0.04	-0.13	-0.06
Other Non Operating Income (Expenses)	-12.6	-8.36	-25.73	-4.24	-3.43	-5.12
EBT Excluding Unusual Items	179.26	178.69	171.98	164.37	139.22	364.83
Gain (Loss) on Sale of Investments	0.82	-	-	-1.38	-	-
Gain (Loss) on Sale of Assets	1.06	0.33	0.16	-0.16	0.44	-1.04
Asset Writedown	-6.02	-	-	-	-	0.41
Other Unusual Items	21.19	16.63	16.14	13.86	9.49	9.11
Pretax Income	196.32	195.65	188.28	176.69	149.14	373.32
Income Tax Expense	21.97	26.41	21.5	27.15	16.11	54.82
Earnings From Continuing Operations	174.35	169.24	166.78	149.54	133.04	318.5
Minority Interest in Earnings	0.37	-0	-5.65	-0.33	-	-0
Net Income	174.72	169.24	161.13	149.21	133.04	318.5
Net Income to Common	174.72	169.24	161.13	149.21	133.04	318.5
Net Income Growth	-0.65%	5.03%	7.99%	12.15%	-58.23%	58.15%
Shares Outstanding (Basic)	266	256	256	257	256	257
Shares Outstanding (Diluted)	266	256	256	257	256	257
Shares Change (YoY)	4.18%	0.26%	-0.58%	0.55%	-0.40%	0.76%
EPS (Basic)	0.66	0.66	0.63	0.58	0.52	1.24
EPS (Diluted)	0.66	0.66	0.63	0.58	0.52	1.24
EPS Growth	-4.64%	4.76%	8.62%	11.54%	-58.06%	56.96%
Free Cash Flow	287.26	-49.56	185.47	-18.8	-364.37	-88.54
Free Cash Flow Per Share	1.08	-0.19	0.72	-0.07	-1.42	-0.34
Dividend Per Share	0.217	0.180	0.189	0.174	0.155	0.371
Dividend Growth	14.82%	-4.76%	8.62%	12.26%	-58.18%	57.06%
Gross Margin	18.68%	18.30%	19.20%	19.10%	18.99%	25.83%
Operating Margin	8.51%	7.49%	7.52%	6.91%	7.15%	15.55%
Profit Margin	8.65%	6.80%	5.63%	5.23%	6.02%	13.31%
Free Cash Flow Margin	14.22%	-1.99%	6.48%	-0.66%	-16.50%	-3.70%
EBITDA	232.61	248.12	278.65	253.13	199.29	410.49
EBITDA Margin	11.51%	9.97%	9.73%	8.88%	9.02%	17.16%
D&A For EBITDA	60.65	61.77	63.25	55.99	41.36	38.41
EBIT	171.96	186.35	215.4	197.14	157.94	372.08
EBIT Margin	8.51%	7.49%	7.52%	6.91%	7.15%	15.55%
Effective Tax Rate	11.19%	13.50%	11.42%	15.37%	10.80%	14.68%
Revenue as Reported	2,020	2,490	2,864	2,851	2,209	2,393
Advertising Expenses	-	0.32	0.26	0.44	0.78	0.34

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