Zhejiang Mustang Battery Co.,Ltd (SHA:605378)

SHA:605378 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	1,323	1,297	995.21	1,018	1,185	1,097
Other Revenue	1.79	1.79	1.65	1.69	1.35	1.4
Revenue	1,325	1,299	996.86	1,020	1,187	1,099
Revenue Growth (YoY)	29.82%	30.27%	-2.28%	-14.03%	7.99%	10.92%
Cost of Revenue	1,069	1,033	800.92	848.49	1,003	841.65
Gross Profit	255.69	265.21	195.94	171.61	183.42	257.13
Selling, General & Admin	77.14	74.07	61.01	64.83	77.86	58.7
Research & Development	40.91	38.88	29.93	31.63	35.25	31.84
Other Operating Expenses	2.12	2.14	1.05	6.14	4.55	5.74
Operating Expenses	123.02	119.93	93.95	101.66	117.45	118.89
Operating Income	132.67	145.28	101.99	69.94	65.98	138.24
Interest Expense	-0	-0	-0	-0.01	-0.01	-
Interest & Investment Income	15.27	14.68	17.1	15.21	14.15	12
Currency Exchange Gain (Loss)	14.47	14.47	3.46	21.21	-7.15	-22.24
Other Non Operating Income (Expenses)	-1.13	-0.65	-0.53	-0.59	-0.64	-0.51
EBT Excluding Unusual Items	161.28	173.77	122.03	105.77	72.33	127.5
Gain (Loss) on Sale of Investments	1.55	0.9	-1.58	-0.79	1.54	1.45
Gain (Loss) on Sale of Assets	-0.03	-0.06	-0.35	0.35	-0.6	-0.1
Asset Writedown	-0.48	-0.13	-0.35	-	-	-
Other Unusual Items	1.17	1.17	1.73	6.1	10.41	6.86
Pretax Income	163.49	175.65	121.47	111.43	83.68	135.71
Income Tax Expense	22.82	22.88	15.93	12.77	7.84	17.44
Net Income	140.67	152.78	105.54	98.67	75.84	118.27
Net Income to Common	140.67	152.78	105.54	98.67	75.84	118.27
Net Income Growth	18.50%	44.76%	6.97%	30.10%	-35.87%	-4.00%
Shares Outstanding (Basic)	235	230	262	261	240	196
Shares Outstanding (Diluted)	235	230	262	261	240	196
Shares Change (YoY)	-9.55%	-12.16%	0.20%	8.98%	22.05%	0.08%
EPS (Basic)	0.60	0.66	0.40	0.38	0.32	0.60
EPS (Diluted)	0.60	0.66	0.40	0.38	0.32	0.60
EPS Growth	31.01%	64.80%	6.75%	19.38%	-47.46%	-4.08%
Free Cash Flow	36	-32.51	26.03	77.42	-2.86	99.57
Free Cash Flow Per Share	0.15	-0.14	0.10	0.30	-0.01	0.51
Dividend Per Share	0.357	0.357	0.383	0.255	0.179	0.255
Dividend Growth	-6.67%	-6.67%	49.98%	42.83%	-29.99%	24.99%
Gross Margin	19.30%	20.42%	19.66%	16.82%	15.46%	23.40%
Operating Margin	10.02%	11.19%	10.23%	6.86%	5.56%	12.58%
Profit Margin	10.62%	11.76%	10.59%	9.67%	6.39%	10.76%
Free Cash Flow Margin	2.72%	-2.50%	2.61%	7.59%	-0.24%	9.06%
EBITDA	163.55	177	137.07	106.32	100.88	166.61
EBITDA Margin	12.35%	13.63%	13.75%	10.42%	8.50%	15.16%
D&A For EBITDA	30.88	31.72	35.07	36.38	34.9	28.37
EBIT	132.67	145.28	101.99	69.94	65.98	138.24
EBIT Margin	10.02%	11.19%	10.23%	6.86%	5.56%	12.58%
Effective Tax Rate	13.96%	13.03%	13.11%	11.46%	9.37%	12.85%
Revenue as Reported	1,325	1,299	996.86	1,020	1,187	1,099
Advertising Expenses	-	2.51	1.64	0.49	0.71	0.72

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