New Hope Dairy Co., Ltd. (SHE:002946)

New Hope Dairy 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	9,918	9,907	9,834	8,847	8,374	6,342
Other Revenue	758.03	758.03	1,153	1,159	592.79	406.25
Revenue	10,676	10,665	10,987	10,006	8,967	6,749
Revenue Growth (YoY)	-3.64%	-2.93%	9.80%	11.59%	32.87%	18.92%
Cost of Revenue	7,645	7,641	8,035	7,687	6,850	5,165
Gross Profit	3,031	3,025	2,953	2,320	2,116	1,583
Selling, General & Admin	2,000	2,040	2,148	1,741	1,654	1,223
Research & Development	51.39	49.1	47.39	47.67	40.26	34.63
Other Operating Expenses	55.75	53.05	51.74	45.86	44.38	32.89
Operating Expenses	2,096	2,133	2,250	1,869	1,731	1,294
Operating Income	935.16	891.29	702.26	450.72	385.23	289.67
Interest Expense	-100.24	-110.09	-153.67	-148.78	-123.37	-84.05
Interest & Investment Income	7.96	7.66	15.12	59.53	61.72	41.95
Currency Exchange Gain (Loss)	0.21	0.21	-12.02	-7.51	1.04	-2.7
Other Non Operating Income (Expenses)	9.08	1	-11.59	-2.02	-5.19	-5.85
EBT Excluding Unusual Items	852.16	790.07	540.1	351.94	319.42	239.02
Impairment of Goodwill	-	-	-12.6	-	-	-
Gain (Loss) on Sale of Investments	19.26	20.95	23.24	28.81	2.05	-
Gain (Loss) on Sale of Assets	-92.11	-87.24	-102.63	-31.27	-14.33	-14.66
Asset Writedown	-135.73	-125.09	-9.83	-1.5	-1.7	-1.87
Other Unusual Items	43.61	44.77	70.54	57.92	71.39	85.83
Pretax Income	687.19	643.46	508.83	405.91	376.84	308.32
Income Tax Expense	93.25	94	71.17	44.04	35.58	18.88
Earnings From Continuing Operations	593.94	549.46	437.66	361.86	341.26	289.43
Minority Interest in Earnings	-12.76	-11.77	-6.83	-0.63	-29	-18.45
Net Income	581.18	537.69	430.83	361.23	312.26	270.98
Net Income to Common	581.18	537.69	430.83	361.23	312.26	270.98
Net Income Growth	26.48%	24.80%	19.27%	15.68%	15.23%	11.18%
Shares Outstanding (Basic)	865	867	862	860	867	847
Shares Outstanding (Diluted)	865	867	862	860	867	847
Shares Change (YoY)	-0.34%	0.65%	0.18%	-0.84%	2.43%	0.76%
EPS (Basic)	0.67	0.62	0.50	0.42	0.36	0.32
EPS (Diluted)	0.67	0.62	0.50	0.42	0.36	0.32
EPS Growth	26.91%	24.00%	19.05%	16.67%	12.50%	10.35%
Free Cash Flow	1,056	825.43	781.51	301.38	339.79	85.01
Free Cash Flow Per Share	1.22	0.95	0.91	0.35	0.39	0.10
Dividend Per Share	0.285	0.285	0.150	0.085	0.075	0.070
Dividend Growth	90.00%	90.00%	76.47%	13.33%	7.14%	16.67%
Gross Margin	28.39%	28.36%	26.87%	23.18%	23.60%	23.46%
Operating Margin	8.76%	8.36%	6.39%	4.50%	4.30%	4.29%
Profit Margin	5.44%	5.04%	3.92%	3.61%	3.48%	4.01%
Free Cash Flow Margin	9.89%	7.74%	7.11%	3.01%	3.79%	1.26%
EBITDA	1,358	1,322	1,162	891.14	773.76	642.15
EBITDA Margin	12.72%	12.39%	10.57%	8.91%	8.63%	9.52%
D&A For EBITDA	423.3	430.53	459.48	440.42	388.53	352.48
EBIT	935.16	891.29	702.26	450.72	385.23	289.67
EBIT Margin	8.76%	8.36%	6.39%	4.50%	4.30%	4.29%
Effective Tax Rate	13.57%	14.61%	13.99%	10.85%	9.44%	6.13%
Revenue as Reported	10,676	10,665	10,987	10,006	8,967	6,749

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