Pangang Group Vanadium & Titanium Resources Co., Ltd. (SHE: 000629)

Pangang Group Vanadium & Titanium Resources Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	13,258	13,940	14,357	13,489	10,105	12,614
Other Revenue	439.7	439.7	730.87	571.21	433.31	545.13
Revenue	13,697	14,380	15,088	14,060	10,539	13,159
Revenue Growth (YoY)	-7.80%	-4.69%	7.31%	33.42%	-19.91%	-13.21%
Cost of Revenue	12,536	12,358	12,727	11,334	9,232	10,586
Gross Profit	1,161	2,022	2,360	2,727	1,306	2,572
Selling, General & Admin	288.08	309.72	308.6	329.81	301.02	457.55
Research & Development	508.59	565.94	576.25	672.79	414.25	463.56
Other Operating Expenses	-13.52	42.07	86.27	94.82	85.24	95.59
Operating Expenses	787.16	916.72	972.59	1,099	801	1,017
Operating Income	374.06	1,106	1,388	1,627	505.45	1,555
Interest Expense	-12.08	-8.39	-10.12	-23.42	-28.73	-73.24
Interest & Investment Income	97.06	64.96	23.19	82.45	92.05	75.19
Currency Exchange Gain (Loss)	14.63	14.63	-0.22	-0.92	3.65	2.99
Other Non Operating Income (Expenses)	40.87	29.84	32.38	41.77	2.3	-12.29
EBT Excluding Unusual Items	514.53	1,207	1,433	1,727	574.72	1,548
Gain (Loss) on Sale of Assets	-	-	37.32	-	-	3.15
Asset Writedown	-53.71	0.31	0.02	0.11	-4.06	-34.26
Legal Settlements	-2.44	-2.44	0.12	-1.86	-1.11	-
Other Unusual Items	-22.4	-22.4	-9.99	-37.26	0.63	-1.32
Pretax Income	435.98	1,182	1,460	1,688	570.18	1,515
Income Tax Expense	48.33	109.88	94.55	232.69	171.9	59
Earnings From Continuing Operations	387.65	1,072	1,366	1,456	398.27	1,456
Minority Interest in Earnings	-15.9	-14.49	-21.5	-127.82	-17.36	-37.34
Net Income	371.75	1,058	1,344	1,328	380.91	1,419
Net Income to Common	371.75	1,058	1,344	1,328	380.91	1,419
Net Income Growth	-62.30%	-21.32%	1.25%	248.56%	-73.16%	-54.08%
Shares Outstanding (Basic)	9,209	8,933	8,590	8,588	8,599	8,590
Shares Outstanding (Diluted)	9,217	8,940	8,595	8,588	8,599	8,590
Shares Change (YoY)	4.22%	4.02%	0.08%	-0.12%	0.09%	0.02%
EPS (Basic)	0.04	0.12	0.16	0.15	0.04	0.17
EPS (Diluted)	0.04	0.12	0.16	0.15	0.04	0.17
EPS Growth	-63.82%	-24.36%	1.16%	248.98%	-73.18%	-54.09%
Free Cash Flow	-43.51	-216.61	1,812	1,738	665.17	3,237
Free Cash Flow Per Share	-0.00	-0.02	0.21	0.20	0.08	0.38
Gross Margin	8.48%	14.06%	15.64%	19.39%	12.40%	19.55%
Operating Margin	2.73%	7.69%	9.20%	11.57%	4.80%	11.82%
Profit Margin	2.71%	7.35%	8.91%	9.44%	3.61%	10.78%
Free Cash Flow Margin	-0.32%	-1.51%	12.01%	12.36%	6.31%	24.60%
EBITDA	705.13	1,430	1,704	1,942	823.5	1,809
EBITDA Margin	5.15%	9.95%	11.29%	13.81%	7.81%	13.75%
D&A For EBITDA	331.08	324.82	316.48	314.5	318.04	253.46
EBIT	374.06	1,106	1,388	1,627	505.45	1,555
EBIT Margin	2.73%	7.69%	9.20%	11.57%	4.80%	11.82%
Effective Tax Rate	11.09%	9.30%	6.47%	13.78%	30.15%	3.89%
Revenue as Reported	13,697	14,380	15,088	14,060	10,539	13,159
Advertising Expenses	-	1.11	0.88	1.11	0.27	2.13

Source: S&P Capital IQ. Standard template. Financial Sources.