Changzhou Fusion New Material Co., Ltd. (SHA:688503)

SHA:688503 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	13,205	12,390	10,230	6,485	5,070	2,502
Other Revenue	97.38	97.38	60.78	18.97	13.51	0.81
Revenue	13,302	12,488	10,290	6,504	5,084	2,503
Revenue Growth (YoY)	4.60%	21.35%	58.21%	27.94%	103.14%	179.94%
Cost of Revenue	12,383	11,420	9,291	5,754	4,552	2,159
Gross Profit	919.22	1,068	999.28	750.09	531.82	344.14
Selling, General & Admin	161.2	136.61	129.01	88.16	75.94	72.81
Research & Development	264.88	307.5	292.27	214.04	160.59	93.37
Other Operating Expenses	-28.69	-57.29	14.99	7.43	9.66	4.34
Operating Expenses	504.74	471.89	481.91	326.35	267.6	195.59
Operating Income	414.47	595.72	517.37	423.74	264.22	148.55
Interest Expense	-15.45	-3.9	-2.03	-3.85	-5.93	-4.49
Interest & Investment Income	0.19	5.58	52.87	24.73	0.29	0.06
Currency Exchange Gain (Loss)	-15.88	-15.88	-6.1	-0.88	32.21	17.6
Other Non Operating Income (Expenses)	6.22	-33.94	-42.46	-28.97	-26.33	-19.52
EBT Excluding Unusual Items	389.56	547.58	519.65	414.78	264.46	142.21
Impairment of Goodwill	-23.45	-23.45	-31.33	-	-	-
Gain (Loss) on Sale of Investments	-90.15	-47.55	-12.7	-	-21.28	-9.9
Gain (Loss) on Sale of Assets	-1.86	-0.3	-0.23	-	-0.09	0.01
Asset Writedown	-13.21	-5.31	-5.64	-1.47	-	-0.01
Other Unusual Items	9.22	10.32	28.34	14.48	23.74	7.16
Pretax Income	270.11	481.29	498.09	427.79	266.83	139.45
Income Tax Expense	46.25	71	56.98	36.58	20.06	15.21
Earnings From Continuing Operations	223.86	410.29	441.11	391.21	246.78	124.25
Minority Interest in Earnings	12.07	7.72	0.98	-	-	-
Net Income	235.93	418.01	442.08	391.21	246.78	124.25
Net Income to Common	235.93	418.01	442.08	391.21	246.78	124.25
Net Income Growth	-44.14%	-5.45%	13.00%	58.53%	98.62%	75.55%
Shares Outstanding (Basic)	239	236	242	184	184	160
Shares Outstanding (Diluted)	240	238	243	184	184	160
Shares Change (YoY)	0.19%	-2.22%	32.15%	-0.03%	15.13%	29.30%
EPS (Basic)	0.99	1.77	1.83	2.13	1.34	0.78
EPS (Diluted)	0.98	1.76	1.82	2.13	1.34	0.78
EPS Growth	-44.25%	-3.30%	-14.49%	58.58%	72.94%	35.44%
Free Cash Flow	-3,807	-1,119	-2,764	-1,374	-1,146	-883.92
Free Cash Flow Per Share	-15.85	-4.71	-11.38	-7.47	-6.23	-5.54
Dividend Per Share	0.434	0.434	0.764	0.246	-	-
Dividend Growth	-43.15%	-43.15%	211.16%	-	-	-
Gross Margin	6.91%	8.55%	9.71%	11.53%	10.46%	13.75%
Operating Margin	3.12%	4.77%	5.03%	6.51%	5.20%	5.94%
Profit Margin	1.77%	3.35%	4.30%	6.02%	4.85%	4.96%
Free Cash Flow Margin	-28.62%	-8.96%	-26.86%	-21.12%	-22.54%	-35.32%
EBITDA	478.23	657.8	577.22	458.86	282.55	151.12
EBITDA Margin	3.60%	5.27%	5.61%	7.05%	5.56%	6.04%
D&A For EBITDA	63.76	62.08	59.85	35.12	18.33	2.56
EBIT	414.47	595.72	517.37	423.74	264.22	148.55
EBIT Margin	3.12%	4.77%	5.03%	6.51%	5.20%	5.94%
Effective Tax Rate	17.12%	14.75%	11.44%	8.55%	7.52%	10.91%
Revenue as Reported	13,302	12,488	10,290	6,504	5,084	2,503

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.