Hubei Huitian New Materials Co., Ltd. (SHE:300041)

SHE:300041 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	3,962	3,868	3,674	2,900	2,110
Other Revenue	26.87	33.9	39.55	54.82	53.95
Revenue	3,989	3,902	3,714	2,954	2,164
Revenue Growth (YoY)	2.23%	5.05%	25.71%	36.54%	15.09%
Cost of Revenue	3,263	3,012	2,845	2,293	1,515
Gross Profit	725.72	889.16	868.52	661.06	648.94
Selling, General & Admin	378.76	384.13	371.26	277.57	280.76
Research & Development	196.44	179.72	174.78	136.65	101.16
Other Operating Expenses	-19.53	11.36	10.54	10.17	5.77
Operating Expenses	570.31	572.83	569.61	438.49	399.07
Operating Income	155.42	316.33	298.91	222.57	249.87
Interest Expense	-62.03	-36.79	-22.06	-17.17	-12.09
Interest & Investment Income	31.61	23.9	13.23	9.54	7.58
Currency Exchange Gain (Loss)	7.16	1.24	21.65	-4.05	-6.03
Other Non Operating Income (Expenses)	-3.67	-4.61	-3.32	-1.98	-2.93
EBT Excluding Unusual Items	128.48	300.07	308.41	208.91	236.4
Gain (Loss) on Sale of Investments	1.95	1.08	0.49	-	-
Gain (Loss) on Sale of Assets	-2.17	-1.43	0.38	-0	0.05
Asset Writedown	-40.37	-1.83	-8.6	-1.86	-0.16
Other Unusual Items	44.05	33.79	16.13	36.26	11.01
Pretax Income	131.95	331.69	316.81	243.31	247.31
Income Tax Expense	28.16	33.72	26.34	18.43	27.03
Earnings From Continuing Operations	103.79	297.97	290.47	224.89	220.28
Minority Interest in Earnings	-1.94	0.78	1.26	2.48	-2.08
Net Income	101.85	298.75	291.73	227.37	218.2
Net Income to Common	101.85	298.75	291.73	227.37	218.2
Net Income Growth	-65.91%	2.40%	28.31%	4.20%	37.94%
Shares Outstanding (Basic)	554	570	558	538	524
Shares Outstanding (Diluted)	558	616	562	561	524
Shares Change (YoY)	-9.38%	9.67%	0.13%	7.18%	-2.53%
EPS (Basic)	0.18	0.52	0.52	0.42	0.42
EPS (Diluted)	0.18	0.48	0.52	0.41	0.42
EPS Growth	-62.38%	-6.63%	28.13%	-2.78%	41.53%
Free Cash Flow	77.34	388.96	-219.36	-238.91	35.29
Free Cash Flow Per Share	0.14	0.63	-0.39	-0.43	0.07
Dividend Per Share	0.150	0.100	0.115	0.077	-
Dividend Growth	50.00%	-13.35%	50.07%	-	-
Gross Margin	18.20%	22.79%	23.39%	22.38%	29.99%
Operating Margin	3.90%	8.11%	8.05%	7.53%	11.55%
Profit Margin	2.55%	7.66%	7.85%	7.70%	10.08%
Free Cash Flow Margin	1.94%	9.97%	-5.91%	-8.09%	1.63%
EBITDA	306.06	412.96	381.09	292.71	315.94
EBITDA Margin	7.67%	10.59%	10.26%	9.91%	14.60%
D&A For EBITDA	150.64	96.63	82.18	70.13	66.08
EBIT	155.42	316.33	298.91	222.57	249.87
EBIT Margin	3.90%	8.11%	8.05%	7.53%	11.55%
Effective Tax Rate	21.34%	10.17%	8.31%	7.57%	10.93%
Revenue as Reported	3,989	3,902	3,714	2,954	2,164
Advertising Expenses	4.28	6.71	11.26	9.83	7.61

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