Jiangxi Guoke Defence Group Co.,Ltd. (SHA:688543)

SHA:688543 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	1,136	1,200	1,036	835.61	671.39	572.62
Other Revenue	4.35	4	4.12	1.61	1.08	1.75
Revenue	1,140	1,204	1,040	837.22	672.47	574.37
Revenue Growth (YoY)	1.56%	15.78%	24.25%	24.50%	17.08%	57.86%
Cost of Revenue	739.64	790.18	703.86	526.3	437.94	383.26
Gross Profit	400.36	414.26	336.39	310.92	234.53	191.11
Selling, General & Admin	111.69	106.98	94.64	90.22	70.52	45.37
Research & Development	103.61	91.17	72.38	64.67	60.93	45.53
Other Operating Expenses	3.41	-1.03	3.51	0.51	-3.18	-14.15
Operating Expenses	221.54	220.54	176.53	163.83	127.03	98.47
Operating Income	178.82	193.73	159.86	147.09	107.5	92.64
Interest Expense	-2.26	-3.28	-11.42	-14.35	-14.94	-16.23
Interest & Investment Income	16.57	23.7	12.08	0.99	0.75	0.34
Other Non Operating Income (Expenses)	-0.14	-0.35	-0.04	0.18	-0.37	-0.01
EBT Excluding Unusual Items	193	213.8	160.48	133.91	92.94	76.73
Gain (Loss) on Sale of Investments	0.19	0.18	-	-	-	-
Gain (Loss) on Sale of Assets	19.41	19.41	0	0	-	0.17
Asset Writedown	-	-	-	-5.05	-3.5	-0.02
Other Unusual Items	15.15	1.14	6.28	0.65	-0.74	-2.37
Pretax Income	227.76	234.54	166.76	129.52	88.71	74.51
Income Tax Expense	27.01	28.01	19.81	16.51	12.42	11.93
Earnings From Continuing Operations	200.75	206.53	146.95	113.01	76.29	62.58
Minority Interest in Earnings	-4.56	-7.8	-6.26	-2.53	-0.85	0.8
Net Income	196.19	198.73	140.69	110.48	75.43	63.38
Net Income to Common	196.19	198.73	140.69	110.48	75.43	63.38
Net Income Growth	10.80%	41.25%	27.34%	46.46%	19.02%	25.82%
Shares Outstanding (Basic)	209	209	186	159	145	145
Shares Outstanding (Diluted)	209	209	186	159	145	145
Shares Change (YoY)	-1.45%	12.75%	16.61%	9.85%	-0.02%	0.60%
EPS (Basic)	0.94	0.95	0.76	0.69	0.52	0.44
EPS (Diluted)	0.94	0.95	0.76	0.69	0.52	0.44
EPS Growth	12.43%	25.28%	9.20%	33.33%	19.04%	25.07%
Free Cash Flow	188.45	-247.46	350.44	6.09	-26.13	74.09
Free Cash Flow Per Share	0.90	-1.18	1.89	0.04	-0.18	0.51
Dividend Per Share	0.750	0.750	0.556	-	-	-
Dividend Growth	34.99%	34.99%	-	-	-	-
Gross Margin	35.12%	34.39%	32.34%	37.14%	34.88%	33.27%
Operating Margin	15.69%	16.08%	15.37%	17.57%	15.99%	16.13%
Profit Margin	17.21%	16.50%	13.52%	13.20%	11.22%	11.03%
Free Cash Flow Margin	16.53%	-20.55%	33.69%	0.73%	-3.89%	12.90%
EBITDA	233.84	245.61	208.01	187.51	137.76	114.38
EBITDA Margin	20.51%	20.39%	20.00%	22.40%	20.49%	19.91%
D&A For EBITDA	55.02	51.88	48.15	40.42	30.26	21.74
EBIT	178.82	193.73	159.86	147.09	107.5	92.64
EBIT Margin	15.69%	16.08%	15.37%	17.57%	15.99%	16.13%
Effective Tax Rate	11.86%	11.94%	11.88%	12.75%	14.00%	16.01%
Revenue as Reported	1,140	1,204	1,040	837.22	672.47	574.37
Advertising Expenses	-	1.28	0.1	0.33	0.14	0.22

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