Xinxing Ductile Iron Pipes Co., Ltd. (SHE:000778)

SHE:000778 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	Jan 1, 2021
Operating Revenue	35,954	42,897	47,317	52,678	42,520
Other Revenue	239.82	356.64	442.85	623.08	440.88
Revenue	36,194	43,253	47,760	53,301	42,961
Revenue Growth (YoY)	-16.32%	-9.44%	-10.40%	24.07%	5.07%
Cost of Revenue	34,538	40,694	44,460	48,021	37,709
Gross Profit	1,656	2,559	3,300	5,280	5,252
Selling, General & Admin	1,037	1,053	1,081	1,149	1,128
Research & Development	364.96	377.2	497.21	528.64	412.86
Other Operating Expenses	173.55	232.31	243.82	319.9	380.58
Operating Expenses	1,622	1,748	1,850	2,319	2,528
Operating Income	34.72	811.77	1,450	2,961	2,724
Interest Expense	-386.12	-488.1	-489.59	-507.1	-615.21
Interest & Investment Income	223.57	904.55	837.52	651.76	655.14
Currency Exchange Gain (Loss)	11.37	42.51	69.85	-26.89	-16.36
Other Non Operating Income (Expenses)	-37.1	37.16	17.58	1.74	-14.68
EBT Excluding Unusual Items	-153.56	1,308	1,885	3,080	2,733
Impairment of Goodwill	-	-	-	-	-25.42
Gain (Loss) on Sale of Assets	441.1	164.76	23.4	161.69	398.29
Asset Writedown	-80.47	-1.7	-46.58	-374.82	-468.28
Legal Settlements	-	0.05	18.25	-	-
Other Unusual Items	-95.84	136.14	396.12	76.66	70.83
Pretax Income	111.23	1,607	2,276	2,944	2,708
Income Tax Expense	140.01	194.65	358.07	763.87	744.15
Earnings From Continuing Operations	-28.78	1,412	1,918	2,180	1,964
Minority Interest in Earnings	196.22	-61.65	-242.36	-173.32	-151.37
Net Income	167.44	1,351	1,676	2,007	1,812
Net Income to Common	167.44	1,351	1,676	2,007	1,812
Net Income Growth	-87.60%	-19.40%	-16.48%	10.72%	21.06%
Shares Outstanding (Basic)	3,987	3,991	3,990	3,991	3,991
Shares Outstanding (Diluted)	3,987	3,991	3,990	3,991	3,991
Shares Change (YoY)	-0.10%	0.01%	-0.02%	-0.00%	0.00%
EPS (Basic)	0.04	0.34	0.42	0.50	0.45
EPS (Diluted)	0.04	0.34	0.42	0.50	0.45
EPS Growth	-87.59%	-19.41%	-16.47%	10.72%	21.06%
Free Cash Flow	-240.04	571.58	886.79	74.41	2,236
Free Cash Flow Per Share	-0.06	0.14	0.22	0.02	0.56
Dividend Per Share	0.020	0.060	0.130	0.150	0.150
Dividend Growth	-66.67%	-53.85%	-13.33%	-	-
Gross Margin	4.58%	5.92%	6.91%	9.91%	12.22%
Operating Margin	0.10%	1.88%	3.04%	5.56%	6.34%
Profit Margin	0.46%	3.12%	3.51%	3.77%	4.22%
Free Cash Flow Margin	-0.66%	1.32%	1.86%	0.14%	5.21%
EBITDA	1,757	2,449	3,040	4,142	4,006
EBITDA Margin	4.85%	5.66%	6.37%	7.77%	9.32%
D&A For EBITDA	1,722	1,637	1,590	1,181	1,282
EBIT	34.72	811.77	1,450	2,961	2,724
EBIT Margin	0.10%	1.88%	3.04%	5.56%	6.34%
Effective Tax Rate	125.88%	12.11%	15.73%	25.95%	27.48%
Revenue as Reported	36,194	43,253	-	-	-

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