Xi'an Manareco New Materials Co.,Ltd (SHA:688550)

SHA:688550 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	1,667	1,459	1,208	1,477	1,526	1,050
Other Revenue	-	-	-	3.17	-	0.01
Revenue	1,667	1,459	1,208	1,480	1,526	1,050
Revenue Growth (YoY)	21.68%	20.74%	-18.39%	-2.96%	45.35%	6.00%
Cost of Revenue	912.79	851.39	800.92	921.63	1,018	639.05
Gross Profit	753.81	607.31	407.24	558.75	507.4	410.56
Selling, General & Admin	253.09	234.1	199.33	208.99	192.76	148.13
Research & Development	111.51	107.68	94.54	104.41	83.31	42.3
Other Operating Expenses	26.74	7.54	10.69	13.14	14.33	12.28
Operating Expenses	390.56	355.7	301.84	325.36	296.1	207.37
Operating Income	363.25	251.61	105.4	233.39	211.31	203.19
Interest Expense	-0.31	-0.6	-0.45	-1.9	-0.56	-11.41
Interest & Investment Income	22.14	16.9	21.17	31.27	54.68	4.77
Currency Exchange Gain (Loss)	9.96	9.96	8.05	0.35	-4.83	-9.04
Other Non Operating Income (Expenses)	-2.23	-0.23	-0.25	-0.39	-0.56	-0.4
EBT Excluding Unusual Items	392.81	277.64	133.93	262.72	260.05	187.1
Gain (Loss) on Sale of Investments	2.67	3.15	3.09	4.77	-0.28	0.95
Gain (Loss) on Sale of Assets	-	-	-	-3.68	-0.76	-3.49
Asset Writedown	-6.05	-0.33	-2.49	-2	-1.45	-
Other Unusual Items	10.3	10.3	13.33	10.27	13.89	19.56
Pretax Income	399.72	290.76	147.86	272.08	271.44	204.12
Income Tax Expense	52.49	39.04	13.68	25.55	31.66	28.71
Net Income	347.23	251.72	134.18	246.54	239.78	175.41
Net Income to Common	347.23	251.72	134.18	246.54	239.78	175.41
Net Income Growth	56.82%	87.60%	-45.57%	2.82%	36.70%	18.15%
Shares Outstanding (Basic)	172	174	178	178	179	149
Shares Outstanding (Diluted)	172	174	178	178	179	149
Shares Change (YoY)	-2.62%	-2.47%	-0.03%	-0.62%	20.26%	11.06%
EPS (Basic)	2.02	1.45	0.75	1.38	1.34	1.18
EPS (Diluted)	2.02	1.45	0.75	1.38	1.34	1.18
EPS Growth	61.04%	92.36%	-45.56%	3.46%	13.67%	6.38%
Free Cash Flow	257.57	255.85	181.32	-323.85	-226.5	51.79
Free Cash Flow Per Share	1.50	1.47	1.02	-1.82	-1.26	0.35
Dividend Per Share	0.590	0.710	0.346	0.659	0.667	0.447
Dividend Growth	26.55%	105.08%	-47.50%	-1.17%	49.13%	-
Gross Margin	45.23%	41.63%	33.71%	37.74%	33.26%	39.12%
Operating Margin	21.80%	17.25%	8.72%	15.77%	13.85%	19.36%
Profit Margin	20.84%	17.26%	11.11%	16.65%	15.72%	16.71%
Free Cash Flow Margin	15.46%	17.54%	15.01%	-21.88%	-14.85%	4.93%
EBITDA	531.21	409.75	250.45	337.43	291.9	277.24
EBITDA Margin	31.87%	28.09%	20.73%	22.79%	19.13%	26.41%
D&A For EBITDA	167.96	158.14	145.05	104.04	80.59	74.05
EBIT	363.25	251.61	105.4	233.39	211.31	203.19
EBIT Margin	21.80%	17.25%	8.72%	15.77%	13.85%	19.36%
Effective Tax Rate	13.13%	13.43%	9.25%	9.39%	11.66%	14.06%
Revenue as Reported	1,667	1,459	1,208	1,480	1,526	1,050
Advertising Expenses	-	1.32	1.22	0.15	0.25	0.33

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