Fujian Minfa Aluminium Inc. (SHE:002578)

Fujian Minfa Aluminium 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	2,103	2,211	2,808	2,763	2,220	1,566
Other Revenue	17.58	17.58	16.13	28.17	23.38	27.24
Revenue	2,120	2,229	2,824	2,791	2,244	1,593
Revenue Growth (YoY)	-20.67%	-21.07%	1.17%	24.41%	40.82%	8.88%
Cost of Revenue	1,991	2,095	2,659	2,595	2,057	1,440
Gross Profit	128.7	134.05	164.9	195.95	187.03	153.27
Selling, General & Admin	88.01	90.76	90.48	78.64	71.66	61.28
Research & Development	37.34	35.85	41.88	41.32	29.51	22.43
Other Operating Expenses	0.38	-1.28	-0.01	11.9	10.65	9.74
Operating Expenses	123.83	120.89	139.96	135.99	126.01	95.77
Operating Income	4.87	13.16	24.95	59.96	61.02	57.5
Interest Expense	-8.91	-9.8	-6.62	-9.24	-1.51	-2.21
Interest & Investment Income	14.99	16.43	11.06	8.08	3.85	6.51
Currency Exchange Gain (Loss)	2.69	2.69	2.05	4.57	-2.54	-1.33
Other Non Operating Income (Expenses)	-0.46	-0.61	-0.58	-0.62	-0.17	-0.3
EBT Excluding Unusual Items	13.18	21.87	30.86	62.74	60.66	60.18
Gain (Loss) on Sale of Investments	1.23	1.2	-0.04	-5.6	0.6	1.34
Gain (Loss) on Sale of Assets	-0.05	0.02	0.01	0	-0.12	-
Asset Writedown	-1.69	-1.69	-0.16	-0.48	-0.15	-0.29
Legal Settlements	-	-	-	0.11	-	-
Other Unusual Items	3.07	2.93	2.42	1.09	3.61	11.23
Pretax Income	15.75	24.34	33.1	57.87	64.6	72.46
Income Tax Expense	1.53	3.63	5.46	6.83	6.45	10.08
Earnings From Continuing Operations	14.22	20.7	27.63	51.04	58.15	62.38
Minority Interest in Earnings	-0.14	0.07	-0.77	-1.12	0.08	0.43
Net Income	14.08	20.77	26.86	49.92	58.23	62.81
Net Income to Common	14.08	20.77	26.86	49.92	58.23	62.81
Net Income Growth	-45.76%	-22.67%	-46.19%	-14.28%	-7.28%	33.53%
Shares Outstanding (Basic)	1,038	1,039	895	998	971	897
Shares Outstanding (Diluted)	1,038	1,039	895	998	971	897
Shares Change (YoY)	15.77%	16.00%	-10.32%	2.87%	8.18%	-4.62%
EPS (Basic)	0.01	0.02	0.03	0.05	0.06	0.07
EPS (Diluted)	0.01	0.02	0.03	0.05	0.06	0.07
EPS Growth	-53.15%	-33.33%	-40.00%	-16.67%	-14.29%	40.00%
Free Cash Flow	-47.13	33.4	-125.7	-89.51	-222.73	73.4
Free Cash Flow Per Share	-0.04	0.03	-0.14	-0.09	-0.23	0.08
Dividend Per Share	-	-	0.040	-	-	0.030
Gross Margin	6.07%	6.01%	5.84%	7.02%	8.34%	9.62%
Operating Margin	0.23%	0.59%	0.88%	2.15%	2.72%	3.61%
Profit Margin	0.66%	0.93%	0.95%	1.79%	2.60%	3.94%
Free Cash Flow Margin	-2.22%	1.50%	-4.45%	-3.21%	-9.93%	4.61%
EBITDA	83.86	93.48	110.57	163.54	168.42	143.06
EBITDA Margin	3.96%	4.19%	3.91%	5.86%	7.51%	8.98%
D&A For EBITDA	78.99	80.32	85.62	103.58	107.4	85.56
EBIT	4.87	13.16	24.95	59.96	61.02	57.5
EBIT Margin	0.23%	0.59%	0.88%	2.15%	2.72%	3.61%
Effective Tax Rate	9.71%	14.93%	16.51%	11.79%	9.99%	13.91%
Revenue as Reported	2,120	2,229	2,824	2,791	2,244	1,593
Advertising Expenses	-	-	-	-	-	2.09

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