Changchai Company, Limited (SHE:000570)

Changchai Company 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	Jan 1, 2024	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,372	2,110	2,146	2,404	2,252
Other Revenue	43.94	45.32	36.48	48.31	43.99
Revenue	2,416	2,156	2,182	2,452	2,296
Revenue Growth (YoY)	12.07%	-1.21%	-11.03%	6.79%	12.25%
Cost of Revenue	2,134	1,913	1,965	2,095	1,963
Gross Profit	281.99	242.77	217.26	357.1	333.95
Selling, General & Admin	175.89	177.31	220.4	214.15	215.03
Research & Development	83.4	90.34	81.24	82.39	72.26
Other Operating Expenses	-3.96	11.28	13.56	12.76	12.82
Operating Expenses	253.74	275.97	318.33	360.75	299.23
Operating Income	28.25	-33.19	-101.07	-3.66	34.71
Interest Expense	-0.34	-1.83	-1.99	-5.91	-7.3
Interest & Investment Income	42.21	28.11	20.77	17.25	12.01
Currency Exchange Gain (Loss)	6.06	4.23	10.93	-3.97	-14.49
Other Non Operating Income (Expenses)	-0.59	-3.27	0.02	0.19	0.51
EBT Excluding Unusual Items	75.58	-5.94	-71.34	3.9	25.44
Gain (Loss) on Sale of Investments	-65.94	49.82	145.24	104.57	20.98
Gain (Loss) on Sale of Assets	-0.11	105.72	0.24	0.16	0.23
Asset Writedown	-0.02	-	-	-0.02	-0.03
Other Unusual Items	5.85	2.74	7.56	6.69	7.76
Pretax Income	15.36	152.34	81.71	115.3	54.38
Income Tax Expense	-9.26	37.64	2.46	12.37	2.09
Earnings From Continuing Operations	24.62	114.7	79.25	102.93	52.29
Minority Interest in Earnings	-6.13	-6.2	-2.56	0.07	0.14
Net Income	18.49	108.5	76.68	103.01	52.43
Net Income to Common	18.49	108.5	76.68	103.01	52.43
Net Income Growth	-82.96%	41.48%	-25.55%	96.45%	110.01%
Shares Outstanding (Basic)	706	706	705	622	561
Shares Outstanding (Diluted)	706	706	705	622	561
Shares Change (YoY)	-0.02%	0.06%	13.48%	10.74%	0.06%
EPS (Basic)	0.03	0.15	0.11	0.17	0.09
EPS (Diluted)	0.03	0.15	0.11	0.17	0.09
EPS Growth	-82.95%	41.40%	-34.40%	77.41%	109.89%
Free Cash Flow	-173.62	40.08	316.49	-406.1	118.06
Free Cash Flow Per Share	-0.25	0.06	0.45	-0.65	0.21
Dividend Per Share	0.010	0.047	0.010	0.026	-
Dividend Growth	-78.72%	370.00%	-61.54%	-	-
Gross Margin	11.67%	11.26%	9.96%	14.56%	14.54%
Operating Margin	1.17%	-1.54%	-4.63%	-0.15%	1.51%
Profit Margin	0.77%	5.03%	3.51%	4.20%	2.28%
Free Cash Flow Margin	-7.19%	1.86%	14.50%	-16.56%	5.14%
EBITDA	117.47	62.87	-15.32	77.18	120.46
EBITDA Margin	4.86%	2.92%	-0.70%	3.15%	5.24%
D&A For EBITDA	89.22	96.06	85.75	80.84	85.75
EBIT	28.25	-33.19	-101.07	-3.66	34.71
EBIT Margin	1.17%	-1.54%	-4.63%	-0.15%	1.51%
Effective Tax Rate	-	24.71%	3.02%	10.73%	3.84%
Revenue as Reported	2,416	2,156	2,182	2,452	2,296
Advertising Expenses	1.49	0.77	-	1.44	6.86

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