Jiangsu Favored Nanotechnology Co., Ltd (SHA:688371)

SHA:688371 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	462.51	450.45	304.56	377.09	397.81	236.82
Other Revenue	29.01	29.01	4.35	18.47	12.59	1.04
Revenue	491.51	479.46	308.91	395.56	410.4	237.86
Revenue Growth (YoY)	42.88%	55.21%	-21.91%	-3.62%	72.54%	66.52%
Cost of Revenue	235.45	225.75	163.19	174.67	187.41	61.46
Gross Profit	256.06	253.72	145.71	220.89	222.99	176.4
Selling, General & Admin	128.7	125.42	154.96	151.53	123.56	67.82
Research & Development	87.94	89.81	85.87	51.21	39.8	37.06
Other Operating Expenses	7.42	6.35	1.28	2.29	1.99	1.01
Operating Expenses	223.53	224.33	241.14	203.21	171.02	106.15
Operating Income	32.53	29.38	-95.43	17.67	51.97	70.24
Interest Expense	-0.17	-0.19	-0.33	-5.03	-3.71	-2.34
Interest & Investment Income	6.59	10.65	34.35	2.37	2.04	0.3
Currency Exchange Gain (Loss)	2.78	2.78	3.2	7.91	-0.2	-0.28
Other Non Operating Income (Expenses)	-0.46	0.08	-0.43	0.04	-0.57	0.07
EBT Excluding Unusual Items	41.28	42.71	-58.65	22.97	49.53	67.99
Gain (Loss) on Sale of Investments	10.35	7	3.6	1.49	-	-
Gain (Loss) on Sale of Assets	3.19	3.13	-1.31	1.3	-0.03	-0.47
Other Unusual Items	-0.61	-0.63	6.99	16.5	3.49	0.94
Pretax Income	54.21	52.22	-49.36	42.25	52.99	68.46
Income Tax Expense	8.05	7.11	-7.81	8.93	13.68	12.91
Net Income	46.16	45.11	-41.55	33.32	39.32	55.55
Net Income to Common	46.16	45.11	-41.55	33.32	39.32	55.55
Net Income Growth	-	-	-	-15.24%	-29.23%	75.32%
Shares Outstanding (Basic)	360	347	346	278	246	61
Shares Outstanding (Diluted)	360	347	346	278	246	61
Shares Change (YoY)	11.47%	0.20%	24.70%	13.01%	302.40%	-
EPS (Basic)	0.13	0.13	-0.12	0.12	0.16	0.91
EPS (Diluted)	0.13	0.13	-0.12	0.12	0.16	0.91
EPS Growth	-	-	-	-25.00%	-82.41%	-
Free Cash Flow	3.28	-108.29	-340.32	-81.17	-226.81	57.5
Free Cash Flow Per Share	0.01	-0.31	-0.98	-0.29	-0.92	0.94
Gross Margin	52.10%	52.92%	47.17%	55.84%	54.34%	74.16%
Operating Margin	6.62%	6.13%	-30.89%	4.47%	12.66%	29.53%
Profit Margin	9.39%	9.41%	-13.45%	8.42%	9.58%	23.35%
Free Cash Flow Margin	0.67%	-22.59%	-110.17%	-20.52%	-55.27%	24.17%
EBITDA	129.72	120.1	-30.55	70.73	89.96	95.68
EBITDA Margin	26.39%	25.05%	-9.89%	17.88%	21.92%	40.23%
D&A For EBITDA	97.18	90.72	64.88	53.06	37.99	25.44
EBIT	32.53	29.38	-95.43	17.67	51.97	70.24
EBIT Margin	6.62%	6.13%	-30.89%	4.47%	12.66%	29.53%
Effective Tax Rate	14.85%	13.62%	-	21.13%	25.81%	18.86%
Revenue as Reported	491.51	479.46	308.91	395.56	410.4	237.86
Advertising Expenses	-	2.15	1.31	0.84	0.78	1.58

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