Linzhou Heavy Machinery Group Co.,Ltd (SHE:002535)

SHE:002535 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	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,704	1,649	1,781	1,094	432.05	868.43
Other Revenue	34.83	34.83	56.78	26.22	22.3	36.55
Revenue	1,738	1,684	1,838	1,120	454.35	904.97
Revenue Growth (YoY)	-5.55%	-8.38%	64.10%	146.46%	-49.80%	-13.53%
Cost of Revenue	1,259	1,213	1,335	855.51	430.8	723.12
Gross Profit	479.67	471	502.84	264.28	23.55	181.86
Selling, General & Admin	125.18	124.76	115.31	87.56	97.17	92.86
Research & Development	68.7	69.75	63.37	26.79	27.88	14.36
Other Operating Expenses	22.85	20.54	20.29	18.13	11.75	17.02
Operating Expenses	257.22	252.18	206.07	150.4	219.13	54.54
Operating Income	222.44	218.82	296.77	113.87	-195.58	127.32
Interest Expense	-111.83	-110.04	-98.04	-119.45	-152.25	-159.38
Interest & Investment Income	13.25	13.25	14.26	16.9	13.86	30.77
Other Non Operating Income (Expenses)	5.48	10.51	-9.8	-3.03	17.75	10.07
EBT Excluding Unusual Items	127.3	132.54	203.19	8.29	-316.22	8.78
Merger & Restructuring Charges	-	-	-	-	-	-12.47
Gain (Loss) on Sale of Investments	-14.98	-14.98	-58.94	-	-	-
Gain (Loss) on Sale of Assets	-0.63	0.35	-1.04	2.5	-0.7	6.86
Asset Writedown	-11.72	-13.88	-42.32	-1.99	-18.19	-0.03
Legal Settlements	-0.16	-0.16	-0.4	-0.8	-0.75	-1.83
Other Unusual Items	0.03	-0.89	0.29	10.79	2.74	36.84
Pretax Income	99.84	102.98	100.77	18.78	-333.13	38.15
Income Tax Expense	8.21	7.34	-16.17	-0.49	96.37	-0.78
Earnings From Continuing Operations	91.64	95.64	116.94	19.27	-429.49	38.93
Minority Interest in Earnings	-0.29	-0.3	0	-0.37	0.74	-1.67
Net Income	91.35	95.34	116.94	18.9	-428.76	37.26
Net Income to Common	91.35	95.34	116.94	18.9	-428.76	37.26
Net Income Growth	-20.93%	-18.47%	518.76%	-	-	-
Shares Outstanding (Basic)	802	802	802	945	809	745
Shares Outstanding (Diluted)	802	802	802	945	809	745
Shares Change (YoY)	0.03%	0.04%	-15.18%	16.81%	8.56%	-7.19%
EPS (Basic)	0.11	0.12	0.15	0.02	-0.53	0.05
EPS (Diluted)	0.11	0.12	0.15	0.02	-0.53	0.05
EPS Growth	-20.96%	-18.51%	629.50%	-	-	-
Free Cash Flow	532.18	351.41	437.86	201.34	378.33	98.59
Free Cash Flow Per Share	0.66	0.44	0.55	0.21	0.47	0.13
Gross Margin	27.59%	27.98%	27.36%	23.60%	5.18%	20.09%
Operating Margin	12.80%	13.00%	16.15%	10.17%	-43.05%	14.07%
Profit Margin	5.25%	5.66%	6.36%	1.69%	-94.37%	4.12%
Free Cash Flow Margin	30.61%	20.87%	23.83%	17.98%	83.27%	10.90%
EBITDA	361.15	357.96	437.62	247.27	-64.89	262.32
EBITDA Margin	20.77%	21.26%	23.82%	22.08%	-14.28%	28.99%
D&A For EBITDA	138.71	139.14	140.85	133.39	130.69	135
EBIT	222.44	218.82	296.77	113.87	-195.58	127.32
EBIT Margin	12.80%	13.00%	16.15%	10.17%	-43.05%	14.07%
Effective Tax Rate	8.22%	7.12%	-	-	-	-
Revenue as Reported	1,738	1,684	1,838	1,120	454.35	904.97
Advertising Expenses	-	0.03	0.19	-	-	-

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