Neway CNC Equipment (Suzhou) Co., Ltd. (SHA:688697)

SHA:688697 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,470	2,449	2,309	1,835	1,704	1,158
Other Revenue	12.82	12.82	12.15	10.62	8.81	6.98
Revenue	2,483	2,462	2,321	1,846	1,713	1,165
Revenue Growth (YoY)	6.02%	6.08%	25.76%	7.76%	47.06%	20.02%
Cost of Revenue	1,917	1,885	1,759	1,353	1,292	879.92
Gross Profit	565.64	577.01	562.5	492.88	420.7	284.64
Selling, General & Admin	170.85	168.42	152.34	161.39	164.48	110.88
Research & Development	115.25	112.47	101.93	82.06	73.69	49.99
Other Operating Expenses	-34.42	-26.2	-11.86	-5.09	6.73	8.52
Operating Expenses	258.53	260.91	246.6	230.69	249.53	168.83
Operating Income	307.11	316.1	315.9	262.19	171.16	115.81
Interest Expense	-10.71	-12.35	-10.94	-4.63	-1.02	-3.57
Interest & Investment Income	35.76	30.85	27.8	18.19	7.61	2.94
Currency Exchange Gain (Loss)	2.89	2.89	-0.69	2.19	-1.29	-4.02
Other Non Operating Income (Expenses)	0.59	-0.96	-0.63	-0.3	-0.3	1.54
EBT Excluding Unusual Items	335.64	336.54	331.44	277.62	176.16	112.7
Gain (Loss) on Sale of Investments	-1.72	8.03	9.51	12.22	1.68	-
Gain (Loss) on Sale of Assets	-0.42	-0.55	0.12	0.67	-0.29	0.31
Asset Writedown	0.82	-0.08	-0.19	-0.51	-0.14	-0.05
Other Unusual Items	21.01	21.01	18.39	2.87	11.33	5.58
Pretax Income	355.33	364.95	359.27	292.87	188.75	118.54
Income Tax Expense	38.37	39.79	41.62	30.64	20.2	14.55
Net Income	316.96	325.16	317.65	262.23	168.54	104
Net Income to Common	316.96	325.16	317.65	262.23	168.54	104
Net Income Growth	0.47%	2.36%	21.13%	55.59%	62.06%	67.12%
Shares Outstanding (Basic)	325	325	327	328	263	248
Shares Outstanding (Diluted)	325	325	327	328	263	248
Shares Change (YoY)	-0.71%	-0.71%	-0.10%	24.47%	6.35%	-0.52%
EPS (Basic)	0.97	1.00	0.97	0.80	0.64	0.42
EPS (Diluted)	0.97	1.00	0.97	0.80	0.64	0.42
EPS Growth	1.19%	3.09%	21.25%	25.00%	52.38%	68.00%
Free Cash Flow	49.4	54.54	233.11	108.67	98.59	37.35
Free Cash Flow Per Share	0.15	0.17	0.71	0.33	0.37	0.15
Dividend Per Share	0.600	0.600	0.600	0.400	0.250	-
Dividend Growth	-	-	50.00%	60.00%	-	-
Gross Margin	22.78%	23.43%	24.23%	26.71%	24.57%	24.44%
Operating Margin	12.37%	12.84%	13.61%	14.21%	9.99%	9.94%
Profit Margin	12.77%	13.21%	13.69%	14.21%	9.84%	8.93%
Free Cash Flow Margin	1.99%	2.21%	10.04%	5.89%	5.76%	3.21%
EBITDA	355.51	363.55	359.53	296	200.47	143.84
EBITDA Margin	14.32%	14.77%	15.49%	16.04%	11.71%	12.35%
D&A For EBITDA	48.4	47.44	43.63	33.81	29.3	28.03
EBIT	307.11	316.1	315.9	262.19	171.16	115.81
EBIT Margin	12.37%	12.84%	13.61%	14.21%	9.99%	9.94%
Effective Tax Rate	10.80%	10.90%	11.58%	10.46%	10.70%	12.27%
Revenue as Reported	2,483	2,462	2,321	1,846	1,713	1,165
Advertising Expenses	-	8.54	4.25	3.67	2.71	1.77

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