Zhejiang Xinao Textiles Inc. (SHA:603889)

Zhejiang Xinao Textiles Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,841	4,438	3,930	3,429	2,256
Other Revenue	-	-	19.57	16.73	17.3
Revenue	4,841	4,438	3,950	3,445	2,273
Revenue Growth (YoY)	9.07%	12.37%	14.64%	51.57%	-16.12%
Cost of Revenue	3,933	3,634	3,223	2,810	1,933
Gross Profit	908.17	804.31	727.28	635.92	340.58
Selling, General & Admin	255.15	220.33	190.06	166.87	121.23
Research & Development	110.7	111.21	107.36	95.79	72.07
Other Operating Expenses	18.66	10.32	16.64	13.89	12.54
Operating Expenses	387.92	342.27	322.72	280.31	208.29
Operating Income	520.25	462.04	404.56	355.61	132.3
Interest Expense	-35.72	-30.14	-21.36	-18.55	-12.17
Interest & Investment Income	22.36	21.67	15.45	9.43	10.04
Currency Exchange Gain (Loss)	-9.19	18.24	24.9	-8.84	-10.36
Other Non Operating Income (Expenses)	-1.9	-3.63	-4.7	-0.77	-2.01
EBT Excluding Unusual Items	495.79	468.18	418.86	336.88	117.79
Gain (Loss) on Sale of Investments	1	1.08	-3.51	0.02	-0.47
Gain (Loss) on Sale of Assets	0.8	0.58	38.07	-0.05	62.55
Asset Writedown	-0.27	-0.34	-0	-0	-0.07
Other Unusual Items	18.79	16.24	13.99	17.89	0.9
Pretax Income	516.11	485.73	467.41	354.73	180.7
Income Tax Expense	63.93	55.31	58.84	41.63	19.66
Earnings From Continuing Operations	452.17	430.42	408.57	313.1	161.04
Minority Interest in Earnings	-23.88	-26.2	-18.79	-14.83	-9.58
Net Income	428.3	404.22	389.78	298.27	151.46
Net Income to Common	428.3	404.22	389.78	298.27	151.46
Net Income Growth	5.96%	3.71%	30.68%	96.93%	5.75%
Shares Outstanding (Basic)	726	722	722	720	707
Shares Outstanding (Diluted)	726	722	722	720	707
Shares Change (YoY)	0.57%	0.00%	0.26%	1.86%	-1.31%
EPS (Basic)	0.59	0.56	0.54	0.41	0.21
EPS (Diluted)	0.59	0.56	0.54	0.41	0.21
EPS Growth	5.36%	3.70%	30.34%	93.33%	7.15%
Free Cash Flow	-385.41	-129.1	271.77	-230.85	212.72
Free Cash Flow Per Share	-0.53	-0.18	0.38	-0.32	0.30
Dividend Per Share	0.300	0.300	0.286	0.214	0.143
Dividend Growth	-	5.00%	33.32%	49.96%	25.02%
Gross Margin	18.76%	18.12%	18.41%	18.46%	14.98%
Operating Margin	10.75%	10.41%	10.24%	10.32%	5.82%
Profit Margin	8.85%	9.11%	9.87%	8.66%	6.66%
Free Cash Flow Margin	-7.96%	-2.91%	6.88%	-6.70%	9.36%
EBITDA	702.33	615.3	533.19	480.06	246.06
EBITDA Margin	14.51%	13.86%	13.50%	13.93%	10.82%
D&A For EBITDA	182.08	153.26	128.62	124.45	113.76
EBIT	520.25	462.04	404.56	355.61	132.3
EBIT Margin	10.75%	10.41%	10.24%	10.32%	5.82%
Effective Tax Rate	12.39%	11.39%	12.59%	11.74%	10.88%
Revenue as Reported	4,841	4,438	3,950	3,445	2,273
Advertising Expenses	19.56	16.63	8.12	10.52	7.51

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