Zhejiang Meida Industrial Co., Ltd. (SHE:002677)

Zhejiang Meida Industrial 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	627.54	872.89	1,666	1,824	2,154	1,740
Other Revenue	3.05	4.53	6.23	9.83	10.12	31.29
Revenue	630.58	877.42	1,673	1,834	2,164	1,771
Revenue Growth (YoY)	-53.61%	-47.54%	-8.80%	-15.24%	22.19%	5.13%
Cost of Revenue	398.6	522.87	887.49	1,025	1,047	837.3
Gross Profit	231.98	354.55	785.08	808.59	1,117	933.51
Selling, General & Admin	168.8	199.32	250.5	286.09	312.79	259.66
Research & Development	30.15	37.36	57.56	61.43	68.39	54.28
Other Operating Expenses	9.54	5.3	-3.75	-13.66	12.13	8.29
Operating Expenses	209.99	243.97	307.86	334.87	392.44	323.29
Operating Income	21.99	110.57	477.22	473.72	724.51	610.22
Interest Expense	-0.14	-0.18	-0.2	-0.05	-0.12	-
Interest & Investment Income	8.15	20.57	30.25	52.04	47.57	22.06
Earnings From Equity Investments	-1.51	-1.52	-0.73	-	-	-
Other Non Operating Income (Expenses)	-0.18	-0.07	-0.1	-0.11	-1.12	-0.19
EBT Excluding Unusual Items	28.31	129.38	506.45	525.6	770.85	632.1
Gain (Loss) on Sale of Assets	0.18	0.2	36.2	1.8	-0.1	0.07
Asset Writedown	-4.26	-4.26	-0	-0.05	-0.03	-0.12
Other Unusual Items	1.94	0.08	1.34	-2.34	3.19	2.02
Pretax Income	26.17	125.39	543.98	525.02	773.9	634.06
Income Tax Expense	1.51	16.07	79.69	72.86	109.22	90.5
Earnings From Continuing Operations	24.66	109.32	464.29	452.15	664.68	543.56
Minority Interest in Earnings	0.5	1.13	-	-	-	-
Net Income	25.17	110.45	464.29	452.15	664.68	543.56
Net Income to Common	25.17	110.45	464.29	452.15	664.68	543.56
Net Income Growth	-92.68%	-76.21%	2.68%	-31.97%	22.28%	18.16%
Shares Outstanding (Basic)	632	650	645	646	645	647
Shares Outstanding (Diluted)	632	650	645	646	645	647
Shares Change (YoY)	-2.74%	0.75%	-0.17%	0.10%	-0.27%	-0.13%
EPS (Basic)	0.04	0.17	0.72	0.70	1.03	0.84
EPS (Diluted)	0.04	0.17	0.72	0.70	1.03	0.84
EPS Growth	-92.47%	-76.39%	2.86%	-32.04%	22.62%	18.31%
Free Cash Flow	62.3	103.32	572.12	343.58	555.38	563.55
Free Cash Flow Per Share	0.10	0.16	0.89	0.53	0.86	0.87
Dividend Per Share	0.300	0.300	0.750	0.620	0.660	0.600
Dividend Growth	-60.00%	-60.00%	20.97%	-6.06%	10.00%	10.70%
Gross Margin	36.79%	40.41%	46.94%	44.09%	51.62%	52.72%
Operating Margin	3.49%	12.60%	28.53%	25.83%	33.48%	34.46%
Profit Margin	3.99%	12.59%	27.76%	24.65%	30.72%	30.70%
Free Cash Flow Margin	9.88%	11.78%	34.21%	18.73%	25.67%	31.82%
EBITDA	78.67	168.9	540.13	538.52	783.72	671.83
EBITDA Margin	12.48%	19.25%	32.29%	29.36%	36.22%	37.94%
D&A For EBITDA	56.68	58.32	62.91	64.8	59.21	61.61
EBIT	21.99	110.57	477.22	473.72	724.51	610.22
EBIT Margin	3.49%	12.60%	28.53%	25.83%	33.48%	34.46%
Effective Tax Rate	5.76%	12.81%	14.65%	13.88%	14.11%	14.27%
Revenue as Reported	630.58	877.42	1,673	1,834	2,164	1,771
Advertising Expenses	-	93.78	142.45	174.76	201.81	162.53

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