NORINCO International Cooperation Ltd. (SHE:000065)

SHE:000065 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	15,319	19,080	21,400	13,376	13,016	12,810
Other Revenue	80.57	-	88.19	57.75	34.14	40.62
Revenue	15,400	19,080	21,488	13,433	13,050	12,851
Revenue Growth (YoY)	-28.38%	-11.21%	59.96%	2.94%	1.55%	16.19%
Cost of Revenue	13,138	16,634	19,270	11,607	11,655	11,564
Gross Profit	2,262	2,446	2,218	1,826	1,395	1,287
Selling, General & Admin	905.16	866.74	801.19	660.62	594.85	555.51
Research & Development	69.6	67.22	66.4	20.23	16.08	14.94
Other Operating Expenses	17.57	1.87	21.95	17.43	15.69	14.19
Operating Expenses	1,305	935.83	1,137	870.15	588.83	546.62
Operating Income	956.06	1,510	1,081	956.01	805.81	739.92
Interest Expense	-193.96	-	-227.88	-184.08	-169.19	-121.97
Interest & Investment Income	251.64	-	193.7	160.94	287.58	217.57
Currency Exchange Gain (Loss)	-18.32	-	219.68	396.24	-146.68	3.02
Other Non Operating Income (Expenses)	-61.85	-255.83	-144.77	-206.15	-50.33	-64.96
EBT Excluding Unusual Items	933.57	1,255	1,122	1,123	727.19	773.59
Gain (Loss) on Sale of Investments	-29.6	-5.16	-34.24	-178.19	75.69	107.48
Gain (Loss) on Sale of Assets	-0.03	-0.09	1.9	0.24	0.1	0.42
Asset Writedown	-1.47	-87.85	-0.06	-0.76	-0.47	-0.71
Legal Settlements	-	-	-	-2.1	-1.36	-
Other Unusual Items	18	-	24.89	23.37	5.89	22.3
Pretax Income	920.47	1,162	1,114	965.53	807.04	903.07
Income Tax Expense	171.18	135.58	160.34	162.03	129.99	118.93
Earnings From Continuing Operations	749.29	1,026	953.69	803.5	677.05	784.14
Minority Interest in Earnings	69.89	23.59	-35.63	-167.34	-53.35	-32.76
Net Income	819.17	1,050	918.06	636.16	623.71	751.38
Net Income to Common	819.17	1,050	918.06	636.16	623.71	751.38
Net Income Growth	-14.23%	14.32%	44.31%	2.00%	-16.99%	6.39%
Shares Outstanding (Basic)	1,035	1,000	1,002	955	859	767
Shares Outstanding (Diluted)	1,105	1,039	1,071	1,024	930	835
Shares Change (YoY)	3.62%	-2.95%	4.61%	10.03%	11.43%	7.57%
EPS (Basic)	0.79	1.05	0.92	0.67	0.73	0.98
EPS (Diluted)	0.77	1.01	0.88	0.65	0.70	0.90
EPS Growth	-16.58%	14.61%	35.86%	-7.11%	-22.41%	-1.10%
Free Cash Flow	1,021	469.1	514.9	419.26	798.49	-2,056
Free Cash Flow Per Share	0.92	0.45	0.48	0.41	0.86	-2.46
Dividend Per Share	0.148	0.149	0.092	0.063	0.062	0.097
Dividend Growth	60.76%	61.96%	44.91%	1.96%	-36.05%	5.84%
Gross Margin	14.69%	12.82%	10.32%	13.59%	10.69%	10.01%
Operating Margin	6.21%	7.92%	5.03%	7.12%	6.17%	5.76%
Profit Margin	5.32%	5.50%	4.27%	4.74%	4.78%	5.85%
Free Cash Flow Margin	6.63%	2.46%	2.40%	3.12%	6.12%	-16.00%
EBITDA	1,343	1,833	1,330	1,191	942.7	878.61
EBITDA Margin	8.72%	9.61%	6.19%	8.86%	7.22%	6.84%
D&A For EBITDA	386.74	322.77	249.28	234.7	136.89	138.7
EBIT	956.06	1,510	1,081	956.01	805.81	739.92
EBIT Margin	6.21%	7.92%	5.03%	7.12%	6.17%	5.76%
Effective Tax Rate	18.60%	11.67%	14.39%	16.78%	16.11%	13.17%
Revenue as Reported	15,400	-	21,488	13,433	13,050	12,851
Advertising Expenses	-	-	5.73	4.66	3.94	3.69

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.