Zhuzhou CRRC Times Electric Co., Ltd. (SHA:688187)

SHA:688187 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	24,751	21,805	17,804	14,824	15,792
Other Revenue	157.73	157.45	230.02	297.14	242.26
Revenue	24,909	21,962	18,034	15,121	16,034
Revenue Growth (YoY)	13.42%	21.78%	19.26%	-5.69%	-1.66%
Cost of Revenue	16,836	15,729	12,061	10,124	10,149
Gross Profit	8,073	6,233	5,973	4,997	5,885
Selling, General & Admin	1,758	1,557	1,988	1,863	1,868
Research & Development	2,657	2,062	1,762	1,690	1,687
Other Operating Expenses	-170.34	-147.46	-31.69	-347.1	-63.88
Operating Expenses	4,587	3,731	3,783	3,106	3,404
Operating Income	3,485	2,502	2,191	1,891	2,481
Interest Expense	-39.39	-47.35	-20.96	-21.07	-16.02
Interest & Investment Income	313.37	317.46	204.12	129.11	85.7
Currency Exchange Gain (Loss)	-84.1	48.31	11.06	5.41	-18.35
Other Non Operating Income (Expenses)	-47.93	-39.23	-2.86	-9	-9.98
EBT Excluding Unusual Items	3,627	2,781	2,382	1,996	2,522
Impairment of Goodwill	-	-	-	-49.88	-154.72
Gain (Loss) on Sale of Investments	43.85	74.6	124.03	71.13	2.33
Gain (Loss) on Sale of Assets	22.95	2.78	4.08	-2.07	6.44
Asset Writedown	-5.97	-0.01	-3.17	-0	-0.2
Other Unusual Items	628.69	436.06	434.6	105.65	423.81
Pretax Income	4,317	3,295	2,942	2,123	2,837
Income Tax Expense	367.84	209.5	349.58	88.48	340.38
Earnings From Continuing Operations	3,949	3,085	2,592	2,035	2,497
Minority Interest in Earnings	-246.17	-44.39	-36.15	-16.91	-21.1
Net Income	3,703	3,041	2,556	2,018	2,475
Net Income to Common	3,703	3,041	2,556	2,018	2,475
Net Income Growth	21.77%	18.97%	26.67%	-18.49%	-6.91%
Shares Outstanding (Basic)	1,412	1,416	1,416	1,238	1,173
Shares Outstanding (Diluted)	1,412	1,416	1,416	1,238	1,173
Shares Change (YoY)	-0.30%	-	14.41%	5.51%	-0.29%
EPS (Basic)	2.62	2.15	1.80	1.63	2.11
EPS (Diluted)	2.62	2.15	1.80	1.63	2.11
EPS Growth	22.03%	19.28%	10.43%	-22.75%	-6.64%
Free Cash Flow	-89.41	-215.07	1,088	1,176	-107.81
Free Cash Flow Per Share	-0.06	-0.15	0.77	0.95	-0.09
Dividend Per Share	1.000	0.780	0.550	0.900	-
Dividend Growth	28.21%	41.82%	-38.89%	-	-
Gross Margin	32.41%	28.38%	33.12%	33.05%	36.71%
Operating Margin	13.99%	11.39%	12.15%	12.51%	15.47%
Profit Margin	14.86%	13.84%	14.17%	13.34%	15.44%
Free Cash Flow Margin	-0.36%	-0.98%	6.03%	7.78%	-0.67%
EBITDA	4,303	3,346	2,887	2,403	2,995
EBITDA Margin	17.27%	15.24%	16.01%	15.89%	18.68%
D&A For EBITDA	817.78	844.18	696.23	512.01	513.93
EBIT	3,485	2,502	2,191	1,891	2,481
EBIT Margin	13.99%	11.39%	12.15%	12.51%	15.47%
Effective Tax Rate	8.52%	6.36%	11.88%	4.17%	12.00%
Revenue as Reported	24,909	21,962	18,034	15,121	16,034
Advertising Expenses	15.42	12.18	5.2	4.24	9

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.