Zhejiang Fulai New Material Co.,Ltd. (SHA:605488)

SHA:605488 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	2,536	2,492	1,989	1,755	1,670	1,256
Other Revenue	48.35	48.35	141.75	146.36	45.03	12.65
Revenue	2,585	2,541	2,131	1,901	1,715	1,269
Revenue Growth (YoY)	15.74%	19.23%	12.06%	10.85%	35.16%	0.05%
Cost of Revenue	2,248	2,209	1,849	1,661	1,421	1,007
Gross Profit	337.12	331.14	282.26	240.85	293.86	261.8
Selling, General & Admin	171.87	168.68	139.76	110.87	107.32	87.52
Research & Development	91.01	92.78	92.5	65.74	59.98	43.23
Other Operating Expenses	3.81	0.81	2.77	5.48	5.7	3.85
Operating Expenses	272.75	272.3	239.2	182.82	176.2	137
Operating Income	64.37	58.84	43.06	58.02	117.66	124.81
Interest Expense	-22.55	-22.28	-15.29	-1.7	-1.17	-2.34
Interest & Investment Income	2.13	4.38	11.38	6.5	6.4	3.24
Currency Exchange Gain (Loss)	2.83	2.83	2.18	4.76	-1.91	-2.79
Other Non Operating Income (Expenses)	-1.4	-0.96	-1.65	-0.85	-0.74	-0.39
EBT Excluding Unusual Items	45.39	42.81	39.69	66.73	120.23	122.52
Gain (Loss) on Sale of Investments	-1.63	-3.22	0.13	-0.13	5.22	-0.16
Gain (Loss) on Sale of Assets	101.88	102	0.1	-	-2.43	-
Asset Writedown	1.72	-	-	-0.36	-	-0.03
Other Unusual Items	7.91	7.91	25.9	10.69	19.23	13.25
Pretax Income	155.27	149.5	65.81	76.93	142.26	135.57
Income Tax Expense	28.94	27.64	-2.83	1.54	14.4	15.89
Earnings From Continuing Operations	126.33	121.86	68.64	75.39	127.85	119.68
Minority Interest in Earnings	18.21	17.33	1.51	0.08	-0.36	0.68
Net Income	144.54	139.19	70.15	75.47	127.49	120.36
Net Income to Common	144.54	139.19	70.15	75.47	127.49	120.36
Net Income Growth	69.64%	98.42%	-7.06%	-40.80%	5.92%	17.18%
Shares Outstanding (Basic)	267	260	246	246	218	182
Shares Outstanding (Diluted)	274	271	252	246	218	182
Shares Change (YoY)	12.24%	7.49%	2.45%	12.91%	19.38%	-0.31%
EPS (Basic)	0.54	0.54	0.29	0.31	0.59	0.66
EPS (Diluted)	0.53	0.51	0.28	0.31	0.59	0.66
EPS Growth	51.14%	84.60%	-9.28%	-47.57%	-11.27%	17.54%
Free Cash Flow	-630.62	-711.84	-583.92	-333.57	-36.95	123.03
Free Cash Flow Per Share	-2.30	-2.63	-2.32	-1.36	-0.17	0.68
Dividend Per Share	0.179	0.179	0.143	0.143	0.246	-
Dividend Growth	24.98%	24.98%	-	-41.98%	-	-
Gross Margin	13.04%	13.03%	13.25%	12.67%	17.13%	20.63%
Operating Margin	2.49%	2.32%	2.02%	3.05%	6.86%	9.83%
Profit Margin	5.59%	5.48%	3.29%	3.97%	7.43%	9.48%
Free Cash Flow Margin	-24.40%	-28.02%	-27.40%	-17.54%	-2.15%	9.69%
EBITDA	151	136.45	84.62	84.28	144.17	150.28
EBITDA Margin	5.84%	5.37%	3.97%	4.43%	8.40%	11.84%
D&A For EBITDA	86.63	77.62	41.55	26.26	26.52	25.48
EBIT	64.37	58.84	43.06	58.02	117.66	124.81
EBIT Margin	2.49%	2.32%	2.02%	3.05%	6.86%	9.83%
Effective Tax Rate	18.64%	18.49%	-	2.00%	10.13%	11.72%
Revenue as Reported	2,585	2,541	2,131	1,901	1,715	1,269
Advertising Expenses	-	3.35	3.95	1.43	1.31	0.9

Updated Oct 25, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.