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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	698.25	872.89	1,666	1,824	2,154	1,740
Other Revenue	4.53	4.53	6.23	9.83	10.12	31.29
Revenue	702.77	877.42	1,673	1,834	2,164	1,771
Revenue Growth (YoY)	-56.27%	-47.54%	-8.80%	-15.24%	22.19%	5.13%
Cost of Revenue	433.81	522.87	887.49	1,025	1,047	837.3
Gross Profit	268.96	354.55	785.08	808.59	1,117	933.51
Selling, General & Admin	189.19	199.32	250.5	286.09	312.79	259.66
Research & Development	33.03	37.36	57.56	61.43	68.39	54.28
Other Operating Expenses	5.28	5.3	-3.75	-13.66	12.13	8.29
Operating Expenses	231.75	243.97	307.86	334.87	392.44	323.29
Operating Income	37.22	110.57	477.22	473.72	724.51	610.22
Interest Expense	-0.16	-0.18	-0.2	-0.05	-0.12	-
Interest & Investment Income	12.62	20.57	30.25	52.04	47.57	22.06
Earnings From Equity Investments	-1.52	-1.52	-0.73	-	-	-
Other Non Operating Income (Expenses)	-0.14	-0.07	-0.1	-0.11	-1.12	-0.19
EBT Excluding Unusual Items	48.02	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	-4.35	-4.26	-0	-0.05	-0.03	-0.12
Other Unusual Items	0.12	0.08	1.34	-2.34	3.19	2.02
Pretax Income	43.97	125.39	543.98	525.02	773.9	634.06
Income Tax Expense	3.91	16.07	79.69	72.86	109.22	90.5
Earnings From Continuing Operations	40.07	109.32	464.29	452.15	664.68	543.56
Minority Interest in Earnings	1.02	1.13	-	-	-	-
Net Income	41.08	110.45	464.29	452.15	664.68	543.56
Net Income to Common	41.08	110.45	464.29	452.15	664.68	543.56
Net Income Growth	-90.68%	-76.21%	2.68%	-31.97%	22.28%	18.16%
Shares Outstanding (Basic)	684	650	645	646	645	647
Shares Outstanding (Diluted)	684	650	645	646	645	647
Shares Change (YoY)	5.47%	0.75%	-0.17%	0.10%	-0.27%	-0.13%
EPS (Basic)	0.06	0.17	0.72	0.70	1.03	0.84
EPS (Diluted)	0.06	0.17	0.72	0.70	1.03	0.84
EPS Growth	-91.16%	-76.39%	2.86%	-32.04%	22.62%	18.31%
Free Cash Flow	50.33	103.32	572.12	343.58	555.38	563.55
Free Cash Flow Per Share	0.07	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	38.27%	40.41%	46.94%	44.09%	51.62%	52.72%
Operating Margin	5.30%	12.60%	28.53%	25.83%	33.48%	34.46%
Profit Margin	5.85%	12.59%	27.76%	24.65%	30.72%	30.70%
Free Cash Flow Margin	7.16%	11.78%	34.21%	18.73%	25.67%	31.82%
EBITDA	94.4	168.9	540.13	538.52	783.72	671.83
EBITDA Margin	13.43%	19.25%	32.29%	29.36%	36.22%	37.94%
D&A For EBITDA	57.18	58.32	62.91	64.8	59.21	61.61
EBIT	37.22	110.57	477.22	473.72	724.51	610.22
EBIT Margin	5.30%	12.60%	28.53%	25.83%	33.48%	34.46%
Effective Tax Rate	8.88%	12.81%	14.65%	13.88%	14.11%	14.27%
Revenue as Reported	702.77	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.