Guangdong Advertising Group Co.,Ltd (SHE:002400)

SHE:002400 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	Dec 31, 2022	Jan 1, 2022	Dec 31, 2020
Operating Revenue	22,371	20,649	16,657	14,589	12,995	13,284
Other Revenue	7.73	8.99	16.02	10.66	7.8	6.82
Revenue	22,379	20,658	16,673	14,600	13,003	13,291
Revenue Growth (YoY)	27.69%	23.90%	14.20%	12.28%	-2.17%	15.22%
Cost of Revenue	20,970	19,236	15,240	13,127	11,687	11,913
Gross Profit	1,409	1,422	1,434	1,472	1,316	1,378
Selling, General & Admin	811.66	836.81	861.1	772.4	759.31	745.63
Research & Development	322.07	324.96	330.23	308.23	304.73	264.27
Other Operating Expenses	54.67	50.42	-19.48	-53.13	-74.02	-60.41
Operating Expenses	1,236	1,253	1,245	1,099	1,133	1,131
Operating Income	173.18	168.53	188.76	373.24	182.96	247.25
Interest Expense	-33.3	-44.14	-31.12	-8.46	-7.35	-17.73
Interest & Investment Income	11.56	12.69	43.36	21.54	54	15.75
Currency Exchange Gain (Loss)	0.85	-11.92	-5.79	17.55	-0.57	-1.03
Other Non Operating Income (Expenses)	-5.06	2.33	-19.43	-15.58	-0	-10.98
EBT Excluding Unusual Items	147.23	127.49	175.78	388.29	229.04	233.26
Impairment of Goodwill	-	-	-	-139.22	-98.51	-1,098
Gain (Loss) on Sale of Investments	-6.05	0.46	8.27	-11.88	-4.04	-14.79
Gain (Loss) on Sale of Assets	-20.17	-19.85	0.18	0.03	-0.44	0.26
Asset Writedown	-0.1	-0.03	0.15	-0.08	-0.44	-34.25
Other Unusual Items	31.81	31.07	5.66	48.66	107.16	35.93
Pretax Income	152.72	139.14	190.04	285.81	232.77	-877.53
Income Tax Expense	64.77	56.79	37.84	70.01	39.79	23.66
Earnings From Continuing Operations	87.95	82.35	152.2	215.8	192.98	-901.19
Minority Interest in Earnings	14.79	18.58	0.89	-2.94	-9.08	-31.08
Net Income	102.73	100.93	153.09	212.86	183.9	-932.27
Net Income to Common	102.73	100.93	153.09	212.86	183.9	-932.27
Net Income Growth	-25.38%	-34.07%	-28.08%	15.75%	-	-
Shares Outstanding (Basic)	1,744	1,743	1,744	1,745	1,672	1,759
Shares Outstanding (Diluted)	1,744	1,743	1,744	1,745	1,672	1,759
Shares Change (YoY)	0.09%	-0.03%	-0.07%	4.37%	-4.96%	5.90%
EPS (Basic)	0.06	0.06	0.09	0.12	0.11	-0.53
EPS (Diluted)	0.06	0.06	0.09	0.12	0.11	-0.53
EPS Growth	-25.44%	-34.05%	-28.03%	10.91%	-	-
Free Cash Flow	-778.89	-313.78	437.75	-397.72	584.31	355.31
Free Cash Flow Per Share	-0.45	-0.18	0.25	-0.23	0.35	0.20
Dividend Per Share	0.018	0.018	0.027	0.040	0.016	-
Dividend Growth	-33.33%	-33.33%	-32.50%	150.00%	-	-
Gross Margin	6.30%	6.88%	8.60%	10.08%	10.12%	10.37%
Operating Margin	0.77%	0.82%	1.13%	2.56%	1.41%	1.86%
Profit Margin	0.46%	0.49%	0.92%	1.46%	1.41%	-7.01%
Free Cash Flow Margin	-3.48%	-1.52%	2.63%	-2.72%	4.49%	2.67%
EBITDA	195.93	193.24	234.96	420.54	243.32	294.79
EBITDA Margin	0.88%	0.94%	1.41%	2.88%	1.87%	2.22%
D&A For EBITDA	22.75	24.71	46.2	47.3	60.36	47.54
EBIT	173.18	168.53	188.76	373.24	182.96	247.25
EBIT Margin	0.77%	0.82%	1.13%	2.56%	1.41%	1.86%
Effective Tax Rate	42.41%	40.81%	19.91%	24.50%	17.09%	-
Revenue as Reported	22,379	20,658	16,673	-	13,003	13,291

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