Sinosteel New Materials Co., Ltd. (SHE:002057)

Sinosteel New Materials 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	2,875	2,655	2,724	2,653	2,548	1,632
Other Revenue	54.83	55.88	46.74	109.51	65.24	40.22
Revenue	2,930	2,710	2,771	2,762	2,614	1,672
Revenue Growth (YoY)	10.20%	-2.17%	0.30%	5.70%	56.30%	21.04%
Cost of Revenue	2,209	2,085	2,062	2,110	2,030	1,254
Gross Profit	721.02	625.55	708.85	652.68	583.05	418.53
Selling, General & Admin	220.41	218.24	239.77	204.48	191.02	114.79
Research & Development	140.12	132.26	147.03	151.72	149.22	94.09
Other Operating Expenses	42.9	10.39	6.99	12.4	7.92	8.56
Operating Expenses	444.35	397.13	428.7	379.9	381.03	238.95
Operating Income	276.66	228.42	280.14	272.78	202.01	179.58
Interest Expense	-8.56	-12.01	-18.26	-19.58	-22.67	-16.31
Interest & Investment Income	10.92	19.58	31.11	146.49	56.27	14.17
Currency Exchange Gain (Loss)	0.43	-0.19	-1.22	3.63	-1.2	-0.74
Other Non Operating Income (Expenses)	-1.4	-2.09	-2.93	-2.23	-3.08	-0.52
EBT Excluding Unusual Items	278.06	233.7	288.84	401.1	231.34	176.18
Impairment of Goodwill	-3.81	-3.81	-	-	-	-
Gain (Loss) on Sale of Investments	-24.91	-23.13	0.09	-0.03	-1.05	-
Gain (Loss) on Sale of Assets	0.66	0.56	-0.09	0.3	-2.9	0.69
Asset Writedown	-13.87	-14.75	-0.28	-0.37	-5.5	-3.4
Other Unusual Items	46.97	35.76	78.92	54.95	48.04	23.58
Pretax Income	283.11	228.33	367.48	455.95	269.92	197.06
Income Tax Expense	31.24	25.35	46.08	26.2	24.88	22.05
Earnings From Continuing Operations	251.87	202.99	321.4	429.74	245.03	175
Minority Interest in Earnings	-35.4	-30.73	-46.77	-39.55	-29.39	-2.06
Net Income	216.47	172.26	274.62	390.19	215.64	172.94
Net Income to Common	216.47	172.26	274.62	390.19	215.64	172.94
Net Income Growth	4.54%	-37.28%	-29.62%	80.94%	24.69%	26.04%
Shares Outstanding (Basic)	758	758	754	750	704	575
Shares Outstanding (Diluted)	758	758	754	755	704	575
Shares Change (YoY)	0.53%	0.58%	-0.12%	7.27%	22.29%	0.00%
EPS (Basic)	0.29	0.23	0.36	0.52	0.31	0.30
EPS (Diluted)	0.29	0.23	0.36	0.52	0.31	0.30
EPS Growth	3.99%	-37.63%	-29.54%	68.68%	1.96%	26.04%
Free Cash Flow	425.17	229.36	-8.81	-98.17	-11.15	48.04
Free Cash Flow Per Share	0.56	0.30	-0.01	-0.13	-0.02	0.08
Dividend Per Share	0.174	0.114	0.181	0.241	0.139	0.100
Dividend Growth	-3.87%	-37.02%	-24.90%	73.38%	39.00%	42.86%
Gross Margin	24.61%	23.08%	25.59%	23.63%	22.31%	25.03%
Operating Margin	9.44%	8.43%	10.11%	9.88%	7.73%	10.74%
Profit Margin	7.39%	6.35%	9.91%	14.12%	8.25%	10.34%
Free Cash Flow Margin	14.51%	8.46%	-0.32%	-3.55%	-0.43%	2.87%
EBITDA	381.75	332.32	369.3	351.23	273.56	227.6
EBITDA Margin	13.03%	12.26%	13.33%	12.72%	10.47%	13.61%
D&A For EBITDA	105.09	103.9	89.16	78.44	71.54	48.02
EBIT	276.66	228.42	280.14	272.78	202.01	179.58
EBIT Margin	9.44%	8.43%	10.11%	9.88%	7.73%	10.74%
Effective Tax Rate	11.04%	11.10%	12.54%	5.75%	9.22%	11.19%
Revenue as Reported	2,930	2,710	2,771	2,762	2,614	1,672
Advertising Expenses	-	3.83	1.19	0.36	0.42	0.42

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