Cangzhou Mingzhu Plastic Co.,Ltd. (SHE:002108)

Cangzhou Mingzhu Plastic 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	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,688	2,580	2,410	2,590	2,776	2,686
Other Revenue	144.63	168.38	208.92	244.73	113.52	76.46
Revenue	2,833	2,748	2,619	2,835	2,889	2,762
Revenue Growth (YoY)	11.71%	4.92%	-7.61%	-1.89%	4.59%	-7.80%
Cost of Revenue	2,537	2,469	2,260	2,370	2,298	2,236
Gross Profit	296.28	278.99	358.81	464.25	590.92	526.68
Selling, General & Admin	152.05	146.73	155.54	152.56	166.89	158.63
Research & Development	45.88	43.03	36.31	33.09	42.83	31
Other Operating Expenses	24.14	21.08	25.27	28.97	-2.68	23.89
Operating Expenses	221.8	215.37	211.65	229.02	204.89	215.15
Operating Income	74.48	63.61	147.16	235.23	386.03	311.52
Interest Expense	-38.99	-30.02	-18.52	-31.37	-34.44	-32.46
Interest & Investment Income	82.63	91.89	104.76	114.56	98.95	88.15
Currency Exchange Gain (Loss)	-3.13	-2.77	0.24	-2.56	2.96	6.23
Other Non Operating Income (Expenses)	-1.14	-1.74	-1.57	-0.62	-2.91	-0.86
EBT Excluding Unusual Items	113.84	120.97	232.07	315.24	450.59	372.58
Impairment of Goodwill	-	-	-	-	-44.12	-4.43
Gain (Loss) on Sale of Investments	-	-	0.07	-0.32	29.49	-10.7
Gain (Loss) on Sale of Assets	55.23	48.66	61.02	-0	-0.06	-0.23
Asset Writedown	-14.12	-13.8	-7.62	-0.86	-6.01	-3.25
Other Unusual Items	26.27	20.02	32.93	30.07	0.32	40.09
Pretax Income	181.22	175.85	318.47	344.13	430.21	394.06
Income Tax Expense	31.9	21.1	41.18	49.19	69.4	98.12
Earnings From Continuing Operations	149.32	154.74	277.3	294.94	360.81	295.94
Minority Interest in Earnings	-	-	-4.71	-13.94	5.15	5.01
Net Income	149.32	154.74	272.59	281	365.97	300.95
Net Income to Common	149.32	154.74	272.59	281	365.97	300.95
Net Income Growth	-23.47%	-43.23%	-2.99%	-23.22%	21.61%	81.19%
Shares Outstanding (Basic)	1,661	1,664	1,663	1,524	1,408	1,418
Shares Outstanding (Diluted)	1,661	1,664	1,672	1,524	1,408	1,418
Shares Change (YoY)	-0.62%	-0.50%	9.74%	8.26%	-0.75%	-0.01%
EPS (Basic)	0.09	0.09	0.16	0.18	0.26	0.21
EPS (Diluted)	0.09	0.09	0.16	0.18	0.26	0.21
EPS Growth	-22.99%	-42.95%	-11.61%	-29.08%	22.53%	81.21%
Free Cash Flow	-641.89	-409.13	-565.01	-484.84	145.73	213.94
Free Cash Flow Per Share	-0.39	-0.25	-0.34	-0.32	0.10	0.15
Dividend Per Share	0.100	0.100	0.100	0.100	0.050	0.100
Dividend Growth	-	-	-	100.00%	-50.00%	100.00%
Gross Margin	10.46%	10.15%	13.70%	16.38%	20.45%	19.06%
Operating Margin	2.63%	2.31%	5.62%	8.30%	13.36%	11.28%
Profit Margin	5.27%	5.63%	10.41%	9.91%	12.67%	10.89%
Free Cash Flow Margin	-22.66%	-14.89%	-21.57%	-17.10%	5.04%	7.75%
EBITDA	327.2	304.02	332.79	422.49	566.4	489.29
EBITDA Margin	11.55%	11.06%	12.71%	14.90%	19.60%	17.71%
D&A For EBITDA	252.72	240.41	185.63	187.25	180.37	177.77
EBIT	74.48	63.61	147.16	235.23	386.03	311.52
EBIT Margin	2.63%	2.31%	5.62%	8.30%	13.36%	11.28%
Effective Tax Rate	17.60%	12.00%	12.93%	14.29%	16.13%	24.90%
Revenue as Reported	2,833	2,748	2,619	2,835	2,889	2,762
Advertising Expenses	-	0.58	0.37	0.18	0.52	0.27

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