Zhiyang Innovation Technology Co., Ltd. (SHA:688191)

SHA:688191 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	996.91	968.24	795.16	670.73	655.78	500.76
Other Revenue	2.48	2.48	2.96	0.5	0.24	1.48
Revenue	999.4	970.72	798.13	671.23	656.02	502.23
Revenue Growth (YoY)	22.41%	21.63%	18.91%	2.32%	30.62%	52.87%
Cost of Revenue	697.49	672.63	537.18	466.69	429.1	299.62
Gross Profit	301.9	298.1	260.95	204.54	226.92	202.62
Selling, General & Admin	161.52	159.15	140.22	122.69	102.18	73.68
Research & Development	115.33	111.2	100.79	87.4	69.02	39.26
Other Operating Expenses	-21.43	-20.72	-16.99	-11.63	-9.17	-12.74
Operating Expenses	267.43	260.85	234.42	206.55	175.67	102.82
Operating Income	34.47	37.24	26.53	-2	51.25	99.79
Interest Expense	-1.93	-1.93	-0.96	-0.18	-0.3	-0.76
Interest & Investment Income	11.9	11.34	9.14	6.82	7.7	3.21
Other Non Operating Income (Expenses)	-1.51	-1.58	-1.46	-2.27	-1.08	-1.27
EBT Excluding Unusual Items	42.93	45.07	33.24	2.36	57.58	100.97
Gain (Loss) on Sale of Investments	-0.36	0.21	0.31	-	-	-
Gain (Loss) on Sale of Assets	0.14	0.16	0.06	0.02	0	-0.01
Asset Writedown	-1.05	-	-	-	-	-
Other Unusual Items	8.09	8.09	10.96	22.89	19.41	5.5
Pretax Income	49.75	53.52	44.57	25.26	76.99	106.46
Income Tax Expense	7.93	2.91	3.67	-2.45	6.52	14.28
Earnings From Continuing Operations	41.82	50.61	40.9	27.72	70.47	92.18
Minority Interest in Earnings	0.91	0.72	0.63	0.28	-	-
Net Income	42.73	51.34	41.53	27.99	70.47	92.18
Net Income to Common	42.73	51.34	41.53	27.99	70.47	92.18
Net Income Growth	-2.38%	23.60%	48.37%	-60.28%	-23.55%	8.09%
Shares Outstanding (Basic)	237	225	229	232	210	172
Shares Outstanding (Diluted)	237	225	229	232	210	172
Shares Change (YoY)	9.36%	-1.85%	-1.09%	10.36%	22.30%	1.35%
EPS (Basic)	0.18	0.23	0.18	0.12	0.34	0.54
EPS (Diluted)	0.18	0.23	0.18	0.12	0.34	0.54
EPS Growth	-10.74%	25.94%	50.00%	-64.00%	-37.49%	6.65%
Free Cash Flow	21.82	42.9	68.41	11.39	-166.7	36.46
Free Cash Flow Per Share	0.09	0.19	0.30	0.05	-0.79	0.21
Dividend Per Share	0.403	0.403	0.134	0.081	0.101	-
Dividend Growth	200.07%	200.07%	66.71%	-20.06%	-	-
Gross Margin	30.21%	30.71%	32.70%	30.47%	34.59%	40.34%
Operating Margin	3.45%	3.84%	3.32%	-0.30%	7.81%	19.87%
Profit Margin	4.28%	5.29%	5.20%	4.17%	10.74%	18.35%
Free Cash Flow Margin	2.18%	4.42%	8.57%	1.70%	-25.41%	7.26%
EBITDA	47	50.53	42.82	10.92	58.12	102.85
EBITDA Margin	4.70%	5.21%	5.37%	1.63%	8.86%	20.48%
D&A For EBITDA	12.53	13.29	16.29	12.92	6.87	3.06
EBIT	34.47	37.24	26.53	-2	51.25	99.79
EBIT Margin	3.45%	3.84%	3.32%	-0.30%	7.81%	19.87%
Effective Tax Rate	15.94%	5.43%	8.24%	-	8.47%	13.41%
Revenue as Reported	999.4	970.72	798.13	671.23	656.02	502.23

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