Hunan Friendship&Apollo Commercial Co.,Ltd. (SHE:002277)

SHE:002277 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	Jan 1, 2024	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	846.34	931.7	979.48	1,477	2,242	2,315
Other Revenue	363.29	365.68	362.97	336.03	342.51	13.7
Revenue	1,210	1,297	1,342	1,813	2,585	2,329
Revenue Growth (YoY)	-3.51%	-3.36%	-25.95%	-29.86%	10.97%	-62.83%
Cost of Revenue	506.12	541.25	521.86	922.2	1,393	1,300
Gross Profit	703.51	756.13	820.6	890.56	1,191	1,029
Selling, General & Admin	767.37	771.27	820.64	887.03	1,007	941.43
Research & Development	-	-	-	2.27	6.54	10.72
Other Operating Expenses	66.93	61.87	64.29	68.68	82.42	48.54
Operating Expenses	859.75	858.57	904.68	970.74	1,108	1,008
Operating Income	-156.24	-102.44	-84.09	-80.18	83.56	20.89
Interest Expense	-328.68	-325.15	-310.68	-334.65	-318.77	-224.1
Interest & Investment Income	441.87	431.09	395.6	427.7	366.4	354.84
Currency Exchange Gain (Loss)	-0.07	-0.07	-0.31	4.03	-3.74	-1.09
Other Non Operating Income (Expenses)	-8.84	-11.01	-11.82	-19.12	-14.6	-61.86
EBT Excluding Unusual Items	-51.97	-7.57	-11.28	-2.22	112.85	88.67
Impairment of Goodwill	-	-	-	-	-26.63	-40.54
Gain (Loss) on Sale of Assets	0.58	0.68	25.61	0.11	-0.05	-0.33
Asset Writedown	0.1	0.19	-0.5	-0.17	-0.13	-0.54
Other Unusual Items	21.45	20.29	10.2	19.65	22.56	-
Pretax Income	-29.83	13.59	24.03	17.37	108.61	47.27
Income Tax Expense	8.85	8.33	1.63	13.24	34.82	45.11
Earnings From Continuing Operations	-38.69	5.25	22.41	4.13	73.79	2.16
Minority Interest in Earnings	21.85	22.76	26.21	28.93	56.93	136.88
Net Income	-16.84	28.01	48.62	33.06	130.72	139.04
Net Income to Common	-16.84	28.01	48.62	33.06	130.72	139.04
Net Income Growth	-	-42.38%	47.06%	-74.71%	-5.99%	-56.09%
Shares Outstanding (Basic)	1,400	1,401	1,389	1,377	1,391	1,390
Shares Outstanding (Diluted)	1,400	1,401	1,389	1,377	1,391	1,390
Shares Change (YoY)	0.75%	0.83%	0.84%	-0.95%	0.01%	-0.32%
EPS (Basic)	-0.01	0.02	0.04	0.02	0.09	0.10
EPS (Diluted)	-0.01	0.02	0.04	0.02	0.09	0.10
EPS Growth	-	-42.86%	45.83%	-74.47%	-6.00%	-55.95%
Free Cash Flow	90.5	241.89	333.04	273.16	410.89	-59.43
Free Cash Flow Per Share	0.07	0.17	0.24	0.20	0.29	-0.04
Dividend Per Share	0.005	0.010	0.011	-	-	0.010
Dividend Growth	-68.75%	-9.09%	-	-	-	-60.00%
Gross Margin	58.16%	58.28%	61.13%	49.13%	46.09%	44.16%
Operating Margin	-12.92%	-7.90%	-6.26%	-4.42%	3.23%	0.90%
Profit Margin	-1.39%	2.16%	3.62%	1.82%	5.06%	5.97%
Free Cash Flow Margin	7.48%	18.64%	24.81%	15.07%	15.90%	-2.55%
EBITDA	92.32	147.97	140.96	142.11	413.38	245.07
EBITDA Margin	7.63%	11.40%	10.50%	7.84%	16.00%	10.52%
D&A For EBITDA	248.57	250.41	225.04	222.3	329.82	224.18
EBIT	-156.24	-102.44	-84.09	-80.18	83.56	20.89
EBIT Margin	-12.92%	-7.90%	-6.26%	-4.42%	3.23%	0.90%
Effective Tax Rate	-	61.35%	6.77%	76.24%	32.06%	95.42%
Revenue as Reported	1,210	1,297	1,342	1,813	2,585	2,329

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.