Shenzhen Mingdiao Decoration Co.,Ltd. (SHE:002830)

SHE:002830 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	616.84	630.32	746.36	789.72	849.09	843.12
Other Revenue	43.54	43.54	37.79	38.59	35.38	24.08
Revenue	660.39	673.86	784.15	828.31	884.47	867.21
Revenue Growth (YoY)	-16.89%	-14.06%	-5.33%	-6.35%	1.99%	-3.45%
Cost of Revenue	454.2	465.28	546.06	570.37	622.08	632.83
Gross Profit	206.19	208.59	238.09	257.93	262.39	234.37
Selling, General & Admin	165.3	169.55	184.19	218.37	232.23	213.53
Research & Development	3.29	4.59	7.53	12.79	12.85	12.44
Other Operating Expenses	5.54	5.14	5.67	3.3	4.68	4.45
Operating Expenses	174.32	179.47	202.96	235.17	250.11	230.5
Operating Income	31.86	29.11	35.14	22.76	12.28	3.88
Interest Expense	-0.14	-0.15	-	-0.1	-	-0.04
Interest & Investment Income	8.34	11.51	23.49	22.42	32.51	30.34
Other Non Operating Income (Expenses)	-2.97	-2.44	-2.84	-2.92	-5.6	-2.19
EBT Excluding Unusual Items	37.1	38.04	55.79	42.16	39.19	31.99
Gain (Loss) on Sale of Investments	16.82	17.46	5.42	2.96	3.69	-
Gain (Loss) on Sale of Assets	0.88	0.92	1.06	0.71	0.69	-0.07
Asset Writedown	-0.13	-0.13	-1.04	-2.34	-0.09	-0.32
Other Unusual Items	-0.13	-0.29	0.07	-0.64	3.26	3.85
Pretax Income	54.54	56	61.31	42.85	46.74	35.45
Income Tax Expense	9.98	10.57	17.94	18.96	12.24	9.72
Earnings From Continuing Operations	44.56	45.43	43.36	23.89	34.5	25.73
Minority Interest in Earnings	-4.64	-4.75	-4.28	-4.94	-5.36	-3.33
Net Income	39.92	40.68	39.09	18.95	29.14	22.39
Net Income to Common	39.92	40.68	39.09	18.95	29.14	22.39
Net Income Growth	-16.76%	4.08%	106.28%	-34.98%	30.13%	-7.58%
Shares Outstanding (Basic)	137	131	135	135	132	132
Shares Outstanding (Diluted)	137	131	135	135	132	132
Shares Change (YoY)	2.91%	-2.64%	-0.41%	2.18%	0.56%	-2.15%
EPS (Basic)	0.29	0.31	0.29	0.14	0.22	0.17
EPS (Diluted)	0.29	0.31	0.29	0.14	0.22	0.17
EPS Growth	-19.11%	6.90%	107.14%	-36.36%	29.41%	-5.56%
Free Cash Flow	89.74	10.19	82.35	-73.43	-10.74	124.99
Free Cash Flow Per Share	0.66	0.08	0.61	-0.54	-0.08	0.95
Dividend Per Share	0.250	0.250	0.240	0.120	0.150	0.120
Dividend Growth	4.17%	4.17%	100.00%	-20.00%	25.00%	-7.69%
Gross Margin	31.22%	30.95%	30.36%	31.14%	29.67%	27.03%
Operating Margin	4.83%	4.32%	4.48%	2.75%	1.39%	0.45%
Profit Margin	6.04%	6.04%	4.98%	2.29%	3.29%	2.58%
Free Cash Flow Margin	13.59%	1.51%	10.50%	-8.87%	-1.21%	14.41%
EBITDA	47.41	45.46	54.68	46.37	30.65	22.88
EBITDA Margin	7.18%	6.75%	6.97%	5.60%	3.47%	2.64%
D&A For EBITDA	15.54	16.34	19.54	23.61	18.37	19.01
EBIT	31.86	29.11	35.14	22.76	12.28	3.88
EBIT Margin	4.83%	4.32%	4.48%	2.75%	1.39%	0.45%
Effective Tax Rate	18.30%	18.87%	29.27%	44.25%	26.18%	27.43%
Revenue as Reported	660.39	673.86	784.15	828.31	884.47	867.21
Advertising Expenses	-	23.12	21.14	17.81	19.12	16.47

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