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

Zhejiang Meida Industrial Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	877.42	1,666	1,824	2,154	1,740
Other Revenue	-	6.23	9.83	10.12	31.29
Revenue	877.42	1,673	1,834	2,164	1,771
Revenue Growth (YoY)	-47.54%	-8.80%	-15.24%	22.19%	5.13%
Cost of Revenue	520.38	887.49	1,025	1,047	837.3
Gross Profit	357.04	785.08	808.59	1,117	933.51
Selling, General & Admin	199.32	250.5	286.09	312.79	259.66
Research & Development	37.36	57.56	61.43	68.39	54.28
Other Operating Expenses	4.85	-3.75	-13.66	12.13	8.29
Operating Expenses	241.53	307.86	334.87	392.44	323.29
Operating Income	115.51	477.22	473.72	724.51	610.22
Interest Expense	-	-0.2	-0.05	-0.12	-
Interest & Investment Income	-	30.25	52.04	47.57	22.06
Earnings From Equity Investments	-1.52	-	-	-	-
Other Non Operating Income (Expenses)	17.94	-0.1	-0.11	-1.12	-0.19
EBT Excluding Unusual Items	131.93	507.17	525.6	770.85	632.1
Gain (Loss) on Sale of Investments	-	-0.73	-	-	-
Gain (Loss) on Sale of Assets	0.2	36.2	1.8	-0.1	0.07
Asset Writedown	-6.74	-0	-0.05	-0.03	-0.12
Other Unusual Items	-	1.34	-2.34	3.19	2.02
Pretax Income	125.39	543.98	525.02	773.9	634.06
Income Tax Expense	16.07	79.69	72.86	109.22	90.5
Earnings From Continuing Operations	109.32	464.29	452.15	664.68	543.56
Minority Interest in Earnings	1.13	-	-	-	-
Net Income	110.45	464.29	452.15	664.68	543.56
Net Income to Common	110.45	464.29	452.15	664.68	543.56
Net Income Growth	-76.21%	2.68%	-31.97%	22.28%	18.16%
Shares Outstanding (Basic)	650	645	646	645	647
Shares Outstanding (Diluted)	650	645	646	645	647
Shares Change (YoY)	0.75%	-0.17%	0.10%	-0.27%	-0.13%
EPS (Basic)	0.17	0.72	0.70	1.03	0.84
EPS (Diluted)	0.17	0.72	0.70	1.03	0.84
EPS Growth	-76.39%	2.86%	-32.04%	22.62%	18.31%
Free Cash Flow	103.32	572.12	343.58	555.38	563.55
Free Cash Flow Per Share	0.16	0.89	0.53	0.86	0.87
Dividend Per Share	-	0.750	0.620	0.660	0.600
Dividend Growth	-	20.97%	-6.06%	10.00%	10.70%
Gross Margin	40.69%	46.94%	44.09%	51.62%	52.72%
Operating Margin	13.16%	28.53%	25.83%	33.48%	34.46%
Profit Margin	12.59%	27.76%	24.65%	30.72%	30.70%
Free Cash Flow Margin	11.78%	34.21%	18.73%	25.67%	31.82%
EBITDA	174.34	538.89	538.52	783.72	671.83
EBITDA Margin	19.87%	32.22%	29.36%	36.22%	37.94%
D&A For EBITDA	58.84	61.67	64.8	59.21	61.61
EBIT	115.51	477.22	473.72	724.51	610.22
EBIT Margin	13.16%	28.53%	25.83%	33.48%	34.46%
Effective Tax Rate	12.81%	14.65%	13.88%	14.11%	14.27%
Revenue as Reported	-	1,673	1,834	2,164	1,771
Advertising Expenses	-	142.45	174.76	201.81	162.53

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