Gifore Agricultural Science & Technology Service Co.,Ltd (SHE:300022)

SHE:300022 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	2,695	2,634	2,694	2,366	2,471
Other Revenue	14.17	15.95	13.48	20.15	26.06
Revenue	2,709	2,650	2,708	2,386	2,497
Revenue Growth (YoY)	2.24%	-2.14%	13.48%	-4.44%	8.79%
Cost of Revenue	2,414	2,300	2,362	2,055	2,205
Gross Profit	294.79	350.05	345.31	331.37	291.87
Selling, General & Admin	252.26	226.86	186.11	168.82	164.97
Research & Development	9.89	5.14	5.61	4.83	5.25
Other Operating Expenses	3.38	3.42	4.02	4.26	4.4
Operating Expenses	272.2	241.12	208.93	187.39	192.03
Operating Income	22.59	108.93	136.38	143.99	99.84
Interest Expense	-12.08	-25.2	-41.98	-52.36	-57.9
Interest & Investment Income	5.19	5.52	4.39	12.76	27.87
Currency Exchange Gain (Loss)	0	-	-	0	-
Other Non Operating Income (Expenses)	-10.09	-7.58	-20.38	-15.73	-17.87
EBT Excluding Unusual Items	5.62	81.67	78.4	88.65	51.94
Impairment of Goodwill	-	-1.43	-	-5.51	-3.87
Gain (Loss) on Sale of Investments	-	-0.55	-	-	-
Gain (Loss) on Sale of Assets	0.35	0.96	0.05	0.11	-0
Asset Writedown	-0.28	-0.07	-0.99	-0.14	-0.01
Other Unusual Items	2.16	5.7	4.62	0.18	-5.58
Pretax Income	7.85	86.27	82.08	83.3	42.48
Income Tax Expense	10.09	19.49	22.67	26.72	22.02
Earnings From Continuing Operations	-2.24	66.78	59.41	56.58	20.45
Minority Interest in Earnings	-28.58	-49.97	-48.31	-41.25	-36.64
Net Income	-30.81	16.8	11.09	15.33	-16.19
Net Income to Common	-30.81	16.8	11.09	15.33	-16.19
Net Income Growth	-	51.46%	-27.63%	-	-
Shares Outstanding (Basic)	496	448	380	380	380
Shares Outstanding (Diluted)	496	448	380	380	380
Shares Change (YoY)	10.87%	17.77%	-0.05%	0.11%	-0.07%
EPS (Basic)	-0.06	0.04	0.03	0.04	-0.04
EPS (Diluted)	-0.06	0.04	0.03	0.04	-0.04
EPS Growth	-	28.52%	-27.60%	-	-
Free Cash Flow	30.09	55.74	111.56	66.27	86.32
Free Cash Flow Per Share	0.06	0.12	0.29	0.17	0.23
Gross Margin	10.88%	13.21%	12.75%	13.89%	11.69%
Operating Margin	0.83%	4.11%	5.04%	6.03%	4.00%
Profit Margin	-1.14%	0.63%	0.41%	0.64%	-0.65%
Free Cash Flow Margin	1.11%	2.10%	4.12%	2.78%	3.46%
EBITDA	37.59	122.98	150.5	159.91	114.23
EBITDA Margin	1.39%	4.64%	5.56%	6.70%	4.58%
D&A For EBITDA	14.99	14.05	14.12	15.93	14.39
EBIT	22.59	108.93	136.38	143.99	99.84
EBIT Margin	0.83%	4.11%	5.04%	6.03%	4.00%
Effective Tax Rate	128.47%	22.59%	27.62%	32.08%	51.85%
Revenue as Reported	2,709	2,650	2,708	2,386	2,497
Advertising Expenses	6.98	5.64	4.26	3.88	3.87

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