Sinosteel New Materials Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	3,016	2,655	2,724	2,653	2,548	1,632
Other Revenue	55.88	55.88	46.74	109.51	65.24	40.22
Revenue	3,071	2,710	2,771	2,762	2,614	1,672
Revenue Growth (YoY)	15.55%	-2.17%	0.30%	5.70%	56.30%	21.04%
Cost of Revenue	2,305	2,085	2,062	2,110	2,030	1,254
Gross Profit	766.16	625.55	708.85	652.68	583.05	418.53
Selling, General & Admin	220.15	218.24	239.77	204.48	191.02	114.79
Research & Development	141.48	132.26	147.03	151.72	149.22	94.09
Other Operating Expenses	50.14	10.39	6.99	12.4	7.92	8.56
Operating Expenses	450.65	397.13	428.7	379.9	381.03	238.95
Operating Income	315.51	228.42	280.14	272.78	202.01	179.58
Interest Expense	-5.81	-12.01	-18.26	-19.58	-22.67	-16.31
Interest & Investment Income	4.48	19.58	31.11	146.49	56.27	14.17
Currency Exchange Gain (Loss)	-0.19	-0.19	-1.22	3.63	-1.2	-0.74
Other Non Operating Income (Expenses)	-0.48	-2.09	-2.93	-2.23	-3.08	-0.52
EBT Excluding Unusual Items	313.51	233.7	288.84	401.1	231.34	176.18
Impairment of Goodwill	-3.81	-3.81	-	-	-	-
Gain (Loss) on Sale of Investments	-22.79	-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	-22.62	-14.75	-0.28	-0.37	-5.5	-3.4
Other Unusual Items	48.91	35.76	78.92	54.95	48.04	23.58
Pretax Income	313.85	228.33	367.48	455.95	269.92	197.06
Income Tax Expense	34.59	25.35	46.08	26.2	24.88	22.05
Earnings From Continuing Operations	279.26	202.99	321.4	429.74	245.03	175
Minority Interest in Earnings	-42.5	-30.73	-46.77	-39.55	-29.39	-2.06
Net Income	236.77	172.26	274.62	390.19	215.64	172.94
Net Income to Common	236.77	172.26	274.62	390.19	215.64	172.94
Net Income Growth	27.55%	-37.28%	-29.62%	80.94%	24.69%	26.04%
Shares Outstanding (Basic)	757	758	754	750	704	575
Shares Outstanding (Diluted)	757	758	754	755	704	575
Shares Change (YoY)	0.52%	0.58%	-0.12%	7.27%	22.29%	0.00%
EPS (Basic)	0.31	0.23	0.36	0.52	0.31	0.30
EPS (Diluted)	0.31	0.23	0.36	0.52	0.31	0.30
EPS Growth	26.88%	-37.63%	-29.54%	68.68%	1.96%	26.04%
Free Cash Flow	307.52	229.36	-8.81	-98.17	-11.15	48.04
Free Cash Flow Per Share	0.41	0.30	-0.01	-0.13	-0.02	0.08
Dividend Per Share	0.124	0.114	0.181	0.241	0.139	0.100
Dividend Growth	-46.32%	-37.02%	-24.90%	73.38%	39.00%	42.86%
Gross Margin	24.94%	23.08%	25.59%	23.63%	22.31%	25.03%
Operating Margin	10.27%	8.43%	10.11%	9.88%	7.73%	10.74%
Profit Margin	7.71%	6.35%	9.91%	14.12%	8.25%	10.34%
Free Cash Flow Margin	10.01%	8.46%	-0.32%	-3.55%	-0.43%	2.87%
EBITDA	430.46	332.32	369.3	351.23	273.56	227.6
EBITDA Margin	14.02%	12.26%	13.33%	12.72%	10.47%	13.61%
D&A For EBITDA	114.95	103.9	89.16	78.44	71.54	48.02
EBIT	315.51	228.42	280.14	272.78	202.01	179.58
EBIT Margin	10.27%	8.43%	10.11%	9.88%	7.73%	10.74%
Effective Tax Rate	11.02%	11.10%	12.54%	5.75%	9.22%	11.19%
Revenue as Reported	3,071	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.