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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	12,083	12,390	10,230	6,485	5,070	2,502
Other Revenue	75.08	97.38	60.78	18.97	13.51	0.81
Revenue	12,158	12,488	10,290	6,504	5,084	2,503
Revenue Growth (YoY)	-5.56%	21.35%	58.21%	27.94%	103.14%	179.94%
Cost of Revenue	11,357	11,420	9,291	5,754	4,552	2,159
Gross Profit	800.71	1,068	999.28	750.09	531.82	344.14
Selling, General & Admin	126.78	136.61	129.01	88.16	75.94	72.81
Research & Development	284.4	307.5	292.27	214.04	160.59	93.37
Other Operating Expenses	-43.12	-57.29	14.99	7.43	9.66	4.34
Operating Expenses	397.65	471.89	481.91	326.35	267.6	195.59
Operating Income	403.06	595.72	517.37	423.74	264.22	148.55
Interest Expense	-0.37	-3.9	-2.03	-3.85	-5.93	-4.49
Interest & Investment Income	11.97	5.58	52.87	24.73	0.29	0.06
Currency Exchange Gain (Loss)	-29.69	-15.88	-6.1	-0.88	32.21	17.6
Other Non Operating Income (Expenses)	-9.73	-33.94	-42.46	-28.97	-26.33	-19.52
EBT Excluding Unusual Items	375.24	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	-21.35	-47.55	-12.7	-	-21.28	-9.9
Gain (Loss) on Sale of Assets	-0.9	-0.3	-0.23	-	-0.09	0.01
Asset Writedown	-5.68	-5.31	-5.64	-1.47	-	-0.01
Other Unusual Items	22.14	10.32	28.34	14.48	23.74	7.16
Pretax Income	345.99	481.29	498.09	427.79	266.83	139.45
Income Tax Expense	57.63	71	56.98	36.58	20.06	15.21
Earnings From Continuing Operations	288.36	410.29	441.11	391.21	246.78	124.25
Minority Interest in Earnings	11.3	7.72	0.98	-	-	-
Net Income	299.66	418.01	442.08	391.21	246.78	124.25
Net Income to Common	299.66	418.01	442.08	391.21	246.78	124.25
Net Income Growth	-36.50%	-5.45%	13.00%	58.53%	98.62%	75.55%
Shares Outstanding (Basic)	237	236	242	184	184	160
Shares Outstanding (Diluted)	238	238	243	184	184	160
Shares Change (YoY)	-1.21%	-2.22%	32.15%	-0.03%	15.13%	29.30%
EPS (Basic)	1.26	1.77	1.83	2.13	1.34	0.78
EPS (Diluted)	1.26	1.76	1.82	2.13	1.34	0.78
EPS Growth	-35.72%	-3.30%	-14.49%	58.58%	72.94%	35.44%
Free Cash Flow	-1,743	-1,119	-2,764	-1,374	-1,146	-883.92
Free Cash Flow Per Share	-7.31	-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	6.59%	8.55%	9.71%	11.53%	10.46%	13.75%
Operating Margin	3.31%	4.77%	5.03%	6.51%	5.20%	5.94%
Profit Margin	2.46%	3.35%	4.30%	6.02%	4.85%	4.96%
Free Cash Flow Margin	-14.34%	-8.96%	-26.86%	-21.12%	-22.54%	-35.32%
EBITDA	463.4	657.8	577.22	458.86	282.55	151.12
EBITDA Margin	3.81%	5.27%	5.61%	7.05%	5.56%	6.04%
D&A For EBITDA	60.35	62.08	59.85	35.12	18.33	2.56
EBIT	403.06	595.72	517.37	423.74	264.22	148.55
EBIT Margin	3.31%	4.77%	5.03%	6.51%	5.20%	5.94%
Effective Tax Rate	16.66%	14.75%	11.44%	8.55%	7.52%	10.91%
Revenue as Reported	12,158	12,488	10,290	6,504	5,084	2,503

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