Guangxi Rural Investment Sugar Industry Group Co., Ltd (SHE:000911)

SHE:000911 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	3,032	3,233	3,349	2,817	3,202	3,531
Other Revenue	18.8	18.8	16.71	20.81	31.78	16.81
Revenue	3,051	3,252	3,365	2,838	3,233	3,547
Revenue Growth (YoY)	-3.02%	-3.38%	18.60%	-12.24%	-8.85%	-3.15%
Cost of Revenue	2,722	2,895	2,952	2,688	2,856	3,083
Gross Profit	329.08	356.58	413.51	149.47	377.71	464.77
Selling, General & Admin	200.24	202.44	208.45	256.57	263.19	230.22
Research & Development	35.29	15.13	12.56	18.15	13.57	1.11
Other Operating Expenses	28.74	21.56	25.52	18.12	15.37	21.76
Operating Expenses	278.58	259.3	248.86	298.67	294.9	255.35
Operating Income	50.5	97.28	164.65	-149.19	82.82	209.42
Interest Expense	-102.37	-114.07	-165.64	-254.48	-289.28	-225.34
Interest & Investment Income	11.81	10.84	13.6	86.13	23.32	59.22
Currency Exchange Gain (Loss)	2.11	2.11	1.91	5.46	-3.29	-2.98
Other Non Operating Income (Expenses)	-12.04	-36.71	-9.17	-67.72	-10.46	-72.65
EBT Excluding Unusual Items	-49.99	-40.55	5.35	-379.8	-196.9	-32.32
Gain (Loss) on Sale of Investments	0.72	1.78	-0.38	-2.41	4.56	4.24
Gain (Loss) on Sale of Assets	37.46	37.38	3.88	31.13	67.45	-
Asset Writedown	-2.68	-3.59	-29.53	-173.16	-8.74	6.21
Other Unusual Items	36.19	30.77	37.62	63.04	90.34	104.63
Pretax Income	21.7	25.78	16.94	-461.21	-43.28	82.75
Income Tax Expense	0.78	5.47	0.83	1.56	20.97	12.27
Earnings From Continuing Operations	20.92	20.31	16.11	-462.77	-64.25	70.49
Minority Interest in Earnings	8.28	7.03	11.43	5.25	10.6	-26.64
Net Income	29.2	27.34	27.55	-457.52	-53.65	43.85
Net Income to Common	29.2	27.34	27.55	-457.52	-53.65	43.85
Net Income Growth	27.10%	-0.75%	-	-	-	37.50%
Shares Outstanding (Basic)	401	400	400	400	324	313
Shares Outstanding (Diluted)	401	400	400	400	324	313
Shares Change (YoY)	0.12%	-0.02%	0.01%	23.49%	3.50%	-1.79%
EPS (Basic)	0.07	0.07	0.07	-1.14	-0.17	0.14
EPS (Diluted)	0.07	0.07	0.07	-1.14	-0.17	0.14
EPS Growth	26.95%	-0.73%	-	-	-	40.00%
Free Cash Flow	593.19	331.69	431.58	-273.31	-178.89	797.51
Free Cash Flow Per Share	1.48	0.83	1.08	-0.68	-0.55	2.55
Gross Margin	10.79%	10.97%	12.29%	5.27%	11.68%	13.10%
Operating Margin	1.65%	2.99%	4.89%	-5.26%	2.56%	5.90%
Profit Margin	0.96%	0.84%	0.82%	-16.12%	-1.66%	1.24%
Free Cash Flow Margin	19.44%	10.20%	12.82%	-9.63%	-5.53%	22.48%
EBITDA	190.62	239.03	312.9	35.51	267.76	393.2
EBITDA Margin	6.25%	7.35%	9.30%	1.25%	8.28%	11.08%
D&A For EBITDA	140.12	141.75	148.25	184.7	184.94	183.77
EBIT	50.5	97.28	164.65	-149.19	82.82	209.42
EBIT Margin	1.65%	2.99%	4.89%	-5.26%	2.56%	5.90%
Effective Tax Rate	3.61%	21.23%	4.91%	-	-	14.82%
Revenue as Reported	3,051	3,252	3,365	2,838	3,233	3,547
Advertising Expenses	-	3.49	4.14	1.93	0.8	0.85

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