NORINCO International Cooperation Ltd. (SHE:000065)

SHE:000065 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	19,080	21,400	13,376	13,016	12,810
Other Revenue	-	88.19	57.75	34.14	40.62
Revenue	19,080	21,488	13,433	13,050	12,851
Revenue Growth (YoY)	-11.21%	59.96%	2.94%	1.55%	16.19%
Cost of Revenue	16,634	19,270	11,607	11,655	11,564
Gross Profit	2,446	2,218	1,826	1,395	1,287
Selling, General & Admin	866.74	801.19	660.62	594.85	555.51
Research & Development	67.22	66.4	20.23	16.08	14.94
Other Operating Expenses	1.87	21.95	17.43	15.69	14.19
Operating Expenses	935.83	1,137	870.15	588.83	546.62
Operating Income	1,510	1,081	956.01	805.81	739.92
Interest Expense	-	-227.88	-184.08	-169.19	-121.97
Interest & Investment Income	-	193.7	160.94	287.58	217.57
Currency Exchange Gain (Loss)	-	219.68	396.24	-146.68	3.02
Other Non Operating Income (Expenses)	-255.83	-144.77	-206.15	-50.33	-64.96
EBT Excluding Unusual Items	1,255	1,122	1,123	727.19	773.59
Gain (Loss) on Sale of Investments	-5.16	-34.24	-178.19	75.69	107.48
Gain (Loss) on Sale of Assets	-0.09	1.9	0.24	0.1	0.42
Asset Writedown	-87.85	-0.06	-0.76	-0.47	-0.71
Legal Settlements	-	-	-2.1	-1.36	-
Other Unusual Items	-	24.89	23.37	5.89	22.3
Pretax Income	1,162	1,114	965.53	807.04	903.07
Income Tax Expense	135.58	160.34	162.03	129.99	118.93
Earnings From Continuing Operations	1,026	953.69	803.5	677.05	784.14
Minority Interest in Earnings	23.59	-35.63	-167.34	-53.35	-32.76
Net Income	1,050	918.06	636.16	623.71	751.38
Net Income to Common	1,050	918.06	636.16	623.71	751.38
Net Income Growth	14.32%	44.31%	2.00%	-16.99%	6.39%
Shares Outstanding (Basic)	1,000	1,002	955	859	767
Shares Outstanding (Diluted)	1,039	1,071	1,024	930	835
Shares Change (YoY)	-2.95%	4.61%	10.03%	11.43%	7.57%
EPS (Basic)	1.05	0.92	0.67	0.73	0.98
EPS (Diluted)	1.01	0.88	0.65	0.70	0.90
EPS Growth	14.61%	35.86%	-7.11%	-22.41%	-1.10%
Free Cash Flow	469.1	514.9	419.26	798.49	-2,056
Free Cash Flow Per Share	0.45	0.48	0.41	0.86	-2.46
Dividend Per Share	0.149	0.092	0.063	0.062	0.097
Dividend Growth	61.96%	44.91%	1.96%	-36.05%	5.84%
Gross Margin	12.82%	10.32%	13.59%	10.69%	10.01%
Operating Margin	7.92%	5.03%	7.12%	6.17%	5.76%
Profit Margin	5.50%	4.27%	4.74%	4.78%	5.85%
Free Cash Flow Margin	2.46%	2.40%	3.12%	6.12%	-16.00%
EBITDA	1,833	1,330	1,191	942.7	878.61
EBITDA Margin	9.61%	6.19%	8.86%	7.22%	6.84%
D&A For EBITDA	322.77	249.28	234.7	136.89	138.7
EBIT	1,510	1,081	956.01	805.81	739.92
EBIT Margin	7.92%	5.03%	7.12%	6.17%	5.76%
Effective Tax Rate	11.67%	14.39%	16.78%	16.11%	13.17%
Revenue as Reported	-	21,488	13,433	13,050	12,851
Advertising Expenses	-	5.73	4.66	3.94	3.69

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.