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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,212	1,200	1,036	835.61	671.39	572.62
Other Revenue	4	4	4.12	1.61	1.08	1.75
Revenue	1,216	1,204	1,040	837.22	672.47	574.37
Revenue Growth (YoY)	7.95%	15.78%	24.25%	24.50%	17.08%	57.86%
Cost of Revenue	796.1	790.18	703.86	526.3	437.94	383.26
Gross Profit	419.75	414.26	336.39	310.92	234.53	191.11
Selling, General & Admin	115.36	106.98	94.64	90.22	70.52	45.37
Research & Development	105.18	91.17	72.38	64.67	60.93	45.53
Other Operating Expenses	15.43	-1.03	3.51	0.51	-3.18	-14.15
Operating Expenses	246.6	220.54	176.53	163.83	127.03	98.47
Operating Income	173.14	193.73	159.86	147.09	107.5	92.64
Interest Expense	-1.77	-3.28	-11.42	-14.35	-14.94	-16.23
Interest & Investment Income	16.35	23.7	12.08	0.99	0.75	0.34
Other Non Operating Income (Expenses)	11.16	-0.35	-0.04	0.18	-0.37	-0.01
EBT Excluding Unusual Items	198.88	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	16.89	19.41	0	0	-	0.17
Asset Writedown	-0.3	-	-	-5.05	-3.5	-0.02
Other Unusual Items	1.14	1.14	6.28	0.65	-0.74	-2.37
Pretax Income	216.81	234.54	166.76	129.52	88.71	74.51
Income Tax Expense	22.05	28.01	19.81	16.51	12.42	11.93
Earnings From Continuing Operations	194.75	206.53	146.95	113.01	76.29	62.58
Minority Interest in Earnings	-2.31	-7.8	-6.26	-2.53	-0.85	0.8
Net Income	192.44	198.73	140.69	110.48	75.43	63.38
Net Income to Common	192.44	198.73	140.69	110.48	75.43	63.38
Net Income Growth	-2.48%	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)	-0.81%	12.75%	16.61%	9.85%	-0.02%	0.60%
EPS (Basic)	0.92	0.95	0.76	0.69	0.52	0.44
EPS (Diluted)	0.92	0.95	0.76	0.69	0.52	0.44
EPS Growth	-1.69%	25.28%	9.20%	33.33%	19.04%	25.07%
Free Cash Flow	144.07	-247.46	350.44	6.09	-26.13	74.09
Free Cash Flow Per Share	0.69	-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	34.52%	34.39%	32.34%	37.14%	34.88%	33.27%
Operating Margin	14.24%	16.08%	15.37%	17.57%	15.99%	16.13%
Profit Margin	15.83%	16.50%	13.52%	13.20%	11.22%	11.03%
Free Cash Flow Margin	11.85%	-20.55%	33.69%	0.73%	-3.89%	12.90%
EBITDA	227.82	245.61	208.01	187.51	137.76	114.38
EBITDA Margin	18.74%	20.39%	20.00%	22.40%	20.49%	19.91%
D&A For EBITDA	54.68	51.88	48.15	40.42	30.26	21.74
EBIT	173.14	193.73	159.86	147.09	107.5	92.64
EBIT Margin	14.24%	16.08%	15.37%	17.57%	15.99%	16.13%
Effective Tax Rate	10.17%	11.94%	11.88%	12.75%	14.00%	16.01%
Revenue as Reported	1,216	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.