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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,695	2,580	2,410	2,590	2,776	2,686
Other Revenue	168.38	168.38	208.92	244.73	113.52	76.46
Revenue	2,864	2,748	2,619	2,835	2,889	2,762
Revenue Growth (YoY)	10.64%	4.92%	-7.61%	-1.89%	4.59%	-7.80%
Cost of Revenue	2,545	2,469	2,260	2,370	2,298	2,236
Gross Profit	319.2	278.99	358.81	464.25	590.92	526.68
Selling, General & Admin	151.09	146.73	155.54	152.56	166.89	158.63
Research & Development	44.79	43.03	36.31	33.09	42.83	31
Other Operating Expenses	26.29	21.08	25.27	28.97	-2.68	23.89
Operating Expenses	225.64	215.37	211.65	229.02	204.89	215.15
Operating Income	93.56	63.61	147.16	235.23	386.03	311.52
Interest Expense	-39.13	-30.02	-18.52	-31.37	-34.44	-32.46
Interest & Investment Income	84.89	91.89	104.76	114.56	98.95	88.15
Currency Exchange Gain (Loss)	-2.77	-2.77	0.24	-2.56	2.96	6.23
Other Non Operating Income (Expenses)	1.35	-1.74	-1.57	-0.62	-2.91	-0.86
EBT Excluding Unusual Items	137.89	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	49.36	48.66	61.02	-0	-0.06	-0.23
Asset Writedown	-26.39	-13.8	-7.62	-0.86	-6.01	-3.25
Other Unusual Items	28.39	20.02	32.93	30.07	0.32	40.09
Pretax Income	189.24	175.85	318.47	344.13	430.21	394.06
Income Tax Expense	33.13	21.1	41.18	49.19	69.4	98.12
Earnings From Continuing Operations	156.11	154.74	277.3	294.94	360.81	295.94
Minority Interest in Earnings	-	-	-4.71	-13.94	5.15	5.01
Net Income	156.11	154.74	272.59	281	365.97	300.95
Net Income to Common	156.11	154.74	272.59	281	365.97	300.95
Net Income Growth	-7.14%	-43.23%	-2.99%	-23.22%	21.61%	81.19%
Shares Outstanding (Basic)	1,651	1,664	1,663	1,524	1,408	1,418
Shares Outstanding (Diluted)	1,651	1,664	1,672	1,524	1,408	1,418
Shares Change (YoY)	-1.11%	-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	-6.10%	-42.95%	-11.61%	-29.08%	22.53%	81.21%
Free Cash Flow	-824.86	-409.13	-565.01	-484.84	145.73	213.94
Free Cash Flow Per Share	-0.50	-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	11.15%	10.15%	13.70%	16.38%	20.45%	19.06%
Operating Margin	3.27%	2.31%	5.62%	8.30%	13.36%	11.28%
Profit Margin	5.45%	5.63%	10.41%	9.91%	12.67%	10.89%
Free Cash Flow Margin	-28.80%	-14.89%	-21.57%	-17.10%	5.04%	7.75%
EBITDA	375.05	304.02	332.79	422.49	566.4	489.29
EBITDA Margin	13.10%	11.06%	12.71%	14.90%	19.60%	17.71%
D&A For EBITDA	281.5	240.41	185.63	187.25	180.37	177.77
EBIT	93.56	63.61	147.16	235.23	386.03	311.52
EBIT Margin	3.27%	2.31%	5.62%	8.30%	13.36%	11.28%
Effective Tax Rate	17.51%	12.00%	12.93%	14.29%	16.13%	24.90%
Revenue as Reported	2,864	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.