Sinosteel Luonai Materials Technology Co., Ltd. (SHA:688119)

SHA:688119 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,010	2,136	2,456	2,635	2,600	1,970
Other Revenue	59.14	52.08	56.38	52.3	54.17	48.48
Revenue	2,069	2,188	2,512	2,688	2,655	2,018
Revenue Growth (YoY)	-8.87%	-12.91%	-6.53%	1.24%	31.53%	10.89%
Cost of Revenue	1,764	1,871	2,085	2,126	2,093	1,561
Gross Profit	305.76	316.34	426.75	561.19	561.65	456.79
Selling, General & Admin	151.43	195.23	211.92	178.09	184.53	115.95
Research & Development	114.54	126.36	135.97	145.79	124.82	112.26
Other Operating Expenses	30.75	13.92	8.48	23.38	21.11	20.77
Operating Expenses	338.12	391.03	376.37	376.37	336.62	229.19
Operating Income	-32.37	-74.69	50.38	184.82	225.03	227.6
Interest Expense	-22.62	-25.86	-37.85	-35.14	-24.13	-28.29
Interest & Investment Income	15.89	23.66	45.17	46.31	24.59	15.15
Currency Exchange Gain (Loss)	3.07	4.05	4.45	16.22	-5.7	-3.08
Other Non Operating Income (Expenses)	0.33	-0.15	0.5	-1.54	-0.52	0.81
EBT Excluding Unusual Items	-35.7	-72.98	62.65	210.67	219.27	212.2
Gain (Loss) on Sale of Investments	-3.42	-0.7	-3.82	-0.56	1.32	1.66
Gain (Loss) on Sale of Assets	1.2	-0.04	0.15	-2.93	0.68	-0.34
Asset Writedown	-3.24	-3.24	-1.21	-	-1.13	-1.16
Legal Settlements	-3.6	-	-11.34	-	-	-
Other Unusual Items	38.41	28.32	37.56	32.32	37.15	17.03
Pretax Income	-6.34	-48.64	83.99	239.56	257.29	229.38
Income Tax Expense	7.24	4.03	4.15	-9.53	21.37	20.18
Earnings From Continuing Operations	-13.59	-52.67	79.85	249.08	235.92	209.2
Minority Interest in Earnings	-7.32	-6.42	-9.81	-16.53	-11.61	-12.4
Net Income	-20.91	-59.1	70.04	232.55	224.31	196.8
Net Income to Common	-20.91	-59.1	70.04	232.55	224.31	196.8
Net Income Growth	-	-	-69.88%	3.68%	13.98%	46.12%
Shares Outstanding (Basic)	1,121	1,126	1,124	1,012	900	679
Shares Outstanding (Diluted)	1,121	1,126	1,124	1,012	900	679
Shares Change (YoY)	-0.73%	0.13%	11.04%	12.48%	32.63%	51.16%
EPS (Basic)	-0.02	-0.05	0.06	0.23	0.25	0.29
EPS (Diluted)	-0.02	-0.05	0.06	0.23	0.25	0.29
EPS Growth	-	-	-72.88%	-7.83%	-14.07%	-3.33%
Free Cash Flow	-75.84	-108.5	-242.45	-68.72	59.16	-61.49
Free Cash Flow Per Share	-0.07	-0.10	-0.22	-0.07	0.07	-0.09
Dividend Per Share	-	-	0.032	0.120	-	-
Dividend Growth	-	-	-73.33%	-	-	-
Gross Margin	14.77%	14.46%	16.99%	20.88%	21.16%	22.63%
Operating Margin	-1.56%	-3.41%	2.01%	6.88%	8.48%	11.28%
Profit Margin	-1.01%	-2.70%	2.79%	8.65%	8.45%	9.75%
Free Cash Flow Margin	-3.67%	-4.96%	-9.65%	-2.56%	2.23%	-3.05%
EBITDA	55.47	13.83	133.57	256.74	278.62	275.11
EBITDA Margin	2.68%	0.63%	5.32%	9.55%	10.50%	13.63%
D&A For EBITDA	87.84	88.52	83.18	71.92	53.59	47.51
EBIT	-32.37	-74.69	50.38	184.82	225.03	227.6
EBIT Margin	-1.56%	-3.41%	2.01%	6.88%	8.48%	11.28%
Effective Tax Rate	-	-	4.93%	-	8.31%	8.80%
Revenue as Reported	2,069	2,188	2,512	2,688	2,655	-
Advertising Expenses	-	0.09	0.32	0.85	0.78	0.79

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