Guangzhou Tinci Materials Technology Co., Ltd. (SHE:002709)

Summit Materials 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	13,371	12,345	15,256	22,138	11,011	4,076
Other Revenue	172.89	172.89	148.52	178.54	79.39	42.7
Revenue	13,544	12,518	15,405	22,317	11,091	4,119
Revenue Growth (YoY)	-0.07%	-18.74%	-30.97%	101.22%	169.26%	49.53%
Cost of Revenue	11,120	10,283	11,610	13,894	7,230	2,722
Gross Profit	2,424	2,235	3,795	8,423	3,860	1,397
Selling, General & Admin	683.22	696.99	713.91	635.37	411.53	299.39
Research & Development	759.33	668.21	645.54	885.7	371.91	167.58
Other Operating Expenses	12.59	8.26	41.26	157.84	78.35	38.02
Operating Expenses	1,554	1,469	1,406	1,725	913.9	551.23
Operating Income	870	766.48	2,389	6,698	2,946	845.44
Interest Expense	-221.86	-215.56	-194.44	-77.35	-40.1	-44.02
Interest & Investment Income	59.98	72.2	83.65	178.38	15.12	1.85
Currency Exchange Gain (Loss)	8.68	8.68	0.96	20.3	-3.84	-12.2
Other Non Operating Income (Expenses)	-38.55	-31.32	-22.11	-5.63	-10.33	-20.06
EBT Excluding Unusual Items	678.25	600.48	2,257	6,814	2,907	771.01
Impairment of Goodwill	-14.32	-14.32	-	-	-37.04	-86.31
Gain (Loss) on Sale of Investments	71.16	69.64	1.07	-	-116.65	-5.92
Gain (Loss) on Sale of Assets	-0.66	3.53	8.32	5.04	-11.6	-1.26
Asset Writedown	-89.03	-65.86	-29.26	-16.77	-93.67	-61.63
Legal Settlements	-	-	-	-2.26	-6.23	-0.59
Other Unusual Items	59.17	56.44	86.78	71.47	59.43	11.01
Pretax Income	704.58	649.91	2,324	6,872	2,702	626.32
Income Tax Expense	192.43	171.48	482.11	1,027	394.18	125.87
Earnings From Continuing Operations	512.15	478.43	1,842	5,844	2,307	500.45
Minority Interest in Earnings	7.01	5.5	48.4	-129.6	-99.03	32.42
Net Income	519.16	483.93	1,891	5,714	2,208	532.87
Net Income to Common	519.16	483.93	1,891	5,714	2,208	532.87
Net Income Growth	-60.38%	-74.40%	-66.92%	158.77%	314.42%	3165.21%
Shares Outstanding (Basic)	1,927	1,936	1,910	1,911	1,871	1,837
Shares Outstanding (Diluted)	1,927	1,936	1,929	1,937	1,887	1,837
Shares Change (YoY)	0.17%	0.34%	-0.41%	2.63%	2.72%	-0.92%
EPS (Basic)	0.27	0.25	0.99	2.99	1.18	0.29
EPS (Diluted)	0.27	0.25	0.98	2.95	1.17	0.29
EPS Growth	-60.45%	-74.49%	-66.78%	152.14%	303.45%	3195.45%
Free Cash Flow	56.29	110.03	-828.28	482.63	436.43	275.31
Free Cash Flow Per Share	0.03	0.06	-0.43	0.25	0.23	0.15
Dividend Per Share	0.100	0.100	0.300	0.600	0.250	0.059
Dividend Growth	-66.67%	-66.67%	-50.00%	140.00%	325.17%	300.00%
Gross Margin	17.90%	17.85%	24.64%	37.74%	34.81%	33.91%
Operating Margin	6.42%	6.12%	15.51%	30.01%	26.57%	20.52%
Profit Margin	3.83%	3.87%	12.27%	25.61%	19.91%	12.94%
Free Cash Flow Margin	0.42%	0.88%	-5.38%	2.16%	3.94%	6.68%
EBITDA	1,872	1,710	3,099	7,196	3,357	1,130
EBITDA Margin	13.82%	13.66%	20.12%	32.24%	30.27%	27.42%
D&A For EBITDA	1,002	943.7	709.95	497.3	410.44	284.09
EBIT	870	766.48	2,389	6,698	2,946	845.44
EBIT Margin	6.42%	6.12%	15.51%	30.01%	26.57%	20.52%
Effective Tax Rate	27.31%	26.38%	20.74%	14.95%	14.59%	20.10%
Revenue as Reported	13,544	12,518	15,405	22,317	11,091	4,119
Advertising Expenses	-	4.77	17.62	10.74	4.17	4.93

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