Zhongyeda Electric Co., Ltd. (SHE:002441)

Zhongyeda Electric 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	11,167	11,047	11,888	12,102	12,533	10,741
Other Revenue	20.34	20.34	27.32	26.12	25.04	-
Revenue	11,188	11,067	11,915	12,128	12,558	10,741
Revenue Growth (YoY)	-4.14%	-7.12%	-1.76%	-3.43%	16.92%	8.22%
Cost of Revenue	10,300	10,132	10,823	10,965	11,324	9,702
Gross Profit	888.08	935.01	1,092	1,163	1,235	1,040
Selling, General & Admin	656.76	655.55	701.58	685.48	693.23	602.89
Research & Development	35.35	36.44	42.12	44.49	38.26	32.83
Other Operating Expenses	37.19	36.16	37.07	36	37.38	32.78
Operating Expenses	746.54	743.24	788.63	773.38	775.87	676.25
Operating Income	141.55	191.78	303.75	389.59	458.86	363.34
Interest Expense	-10.42	-8.42	-0.8	-1.41	-1.82	-2.4
Interest & Investment Income	24.9	22.69	19.36	13.88	9.69	8.11
Currency Exchange Gain (Loss)	1.59	1.59	-0.04	-0.01	0.08	-0
Other Non Operating Income (Expenses)	31.37	31.79	30.63	31.83	32.9	30.61
EBT Excluding Unusual Items	188.99	239.43	352.89	433.88	499.72	399.66
Impairment of Goodwill	-	-	-10.18	-29.84	-50.05	-34.51
Gain (Loss) on Sale of Investments	-0.75	-1.98	-5.33	-3.89	-9.31	-1.26
Gain (Loss) on Sale of Assets	0.02	0.27	4.47	0.32	137.57	-0.34
Asset Writedown	-0.32	-0.24	-0.11	-0.01	-1.46	-0.11
Other Unusual Items	1.82	0.89	7.25	6.87	4.98	8.77
Pretax Income	189.75	238.36	348.99	407.33	581.44	372.21
Income Tax Expense	54.69	63.58	89.13	114.62	157.63	99.76
Earnings From Continuing Operations	135.06	174.78	259.86	292.71	423.81	272.44
Minority Interest in Earnings	-2.7	-5.49	-6.03	2.63	-8.23	-11.38
Net Income	132.36	169.3	253.82	295.34	415.58	261.07
Net Income to Common	132.36	169.3	253.82	295.34	415.58	261.07
Net Income Growth	-40.22%	-33.30%	-14.06%	-28.93%	59.19%	15.97%
Shares Outstanding (Basic)	548	546	540	547	547	544
Shares Outstanding (Diluted)	548	546	540	547	547	544
Shares Change (YoY)	1.39%	1.13%	-1.26%	0.02%	0.54%	-0.94%
EPS (Basic)	0.24	0.31	0.47	0.54	0.76	0.48
EPS (Diluted)	0.24	0.31	0.47	0.54	0.76	0.48
EPS Growth	-41.04%	-34.04%	-12.96%	-28.95%	58.33%	17.07%
Free Cash Flow	475.72	618.38	287.96	345.63	-319.74	883.62
Free Cash Flow Per Share	0.87	1.13	0.53	0.63	-0.58	1.63
Dividend Per Share	0.300	0.300	0.300	0.350	0.350	0.250
Dividend Growth	-	-	-14.29%	-	40.00%	13.64%
Gross Margin	7.94%	8.45%	9.17%	9.59%	9.83%	9.68%
Operating Margin	1.26%	1.73%	2.55%	3.21%	3.65%	3.38%
Profit Margin	1.18%	1.53%	2.13%	2.44%	3.31%	2.43%
Free Cash Flow Margin	4.25%	5.59%	2.42%	2.85%	-2.55%	8.23%
EBITDA	181.22	234.78	360.08	440.14	509.1	407.59
EBITDA Margin	1.62%	2.12%	3.02%	3.63%	4.05%	3.79%
D&A For EBITDA	39.67	43	56.33	50.56	50.24	44.25
EBIT	141.55	191.78	303.75	389.59	458.86	363.34
EBIT Margin	1.26%	1.73%	2.55%	3.21%	3.65%	3.38%
Effective Tax Rate	28.82%	26.67%	25.54%	28.14%	27.11%	26.80%
Revenue as Reported	11,188	11,067	11,915	12,128	12,558	10,741
Advertising Expenses	-	11.68	13	12.63	14.93	14.52

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