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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	469.06	450.45	304.56	377.09	397.81	236.82
Other Revenue	25.27	29.01	4.35	18.47	12.59	1.04
Revenue	494.33	479.46	308.91	395.56	410.4	237.86
Revenue Growth (YoY)	22.53%	55.21%	-21.91%	-3.62%	72.54%	66.52%
Cost of Revenue	227.82	225.75	163.19	174.67	187.41	61.46
Gross Profit	266.51	253.72	145.71	220.89	222.99	176.4
Selling, General & Admin	136.91	125.42	154.96	151.53	123.56	67.82
Research & Development	93.83	89.81	85.87	51.21	39.8	37.06
Other Operating Expenses	8.59	6.35	1.28	2.29	1.99	1.01
Operating Expenses	240.23	224.33	241.14	203.21	171.02	106.15
Operating Income	26.27	29.38	-95.43	17.67	51.97	70.24
Interest Expense	-0.56	-0.19	-0.33	-5.03	-3.71	-2.34
Interest & Investment Income	11.1	10.65	34.35	2.37	2.04	0.3
Currency Exchange Gain (Loss)	3.69	2.78	3.2	7.91	-0.2	-0.28
Other Non Operating Income (Expenses)	0.81	0.08	-0.43	0.04	-0.57	0.07
EBT Excluding Unusual Items	41.31	42.71	-58.65	22.97	49.53	67.99
Gain (Loss) on Sale of Investments	7.74	7	3.6	1.49	-	-
Gain (Loss) on Sale of Assets	3.18	3.13	-1.31	1.3	-0.03	-0.47
Other Unusual Items	0.32	-0.63	6.99	16.5	3.49	0.94
Pretax Income	52.55	52.22	-49.36	42.25	52.99	68.46
Income Tax Expense	6.24	7.11	-7.81	8.93	13.68	12.91
Net Income	46.31	45.11	-41.55	33.32	39.32	55.55
Net Income to Common	46.31	45.11	-41.55	33.32	39.32	55.55
Net Income Growth	-	-	-	-15.24%	-29.23%	75.32%
Shares Outstanding (Basic)	359	347	346	278	246	61
Shares Outstanding (Diluted)	359	347	346	278	246	61
Shares Change (YoY)	11.27%	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	-3.9	-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	53.91%	52.92%	47.17%	55.84%	54.34%	74.16%
Operating Margin	5.32%	6.13%	-30.89%	4.47%	12.66%	29.53%
Profit Margin	9.37%	9.41%	-13.45%	8.42%	9.58%	23.35%
Free Cash Flow Margin	-0.79%	-22.59%	-110.17%	-20.52%	-55.27%	24.17%
EBITDA	116.36	120.1	-30.55	70.73	89.96	95.68
EBITDA Margin	23.54%	25.05%	-9.89%	17.88%	21.92%	40.23%
D&A For EBITDA	90.08	90.72	64.88	53.06	37.99	25.44
EBIT	26.27	29.38	-95.43	17.67	51.97	70.24
EBIT Margin	5.32%	6.13%	-30.89%	4.47%	12.66%	29.53%
Effective Tax Rate	11.87%	13.62%	-	21.13%	25.81%	18.86%
Revenue as Reported	494.33	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.