Jiangsu Changhai Composite Materials Co., Ltd (SHE:300196)

SHE:300196 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	3,116	2,659	2,605	3,016	2,505	2,040
Other Revenue	2.9	2.9	1.69	1.07	1.05	2.52
Revenue	3,119	2,662	2,607	3,017	2,506	2,043
Revenue Growth (YoY)	23.68%	2.10%	-13.59%	20.37%	22.71%	-7.57%
Cost of Revenue	2,404	2,061	1,984	2,012	1,664	1,463
Gross Profit	714.66	600.63	622.48	1,005	842.33	579.09
Selling, General & Admin	208.37	194.33	184.98	170.71	148.86	163.54
Research & Development	153.85	132.81	131.89	130.12	103.3	83.71
Other Operating Expenses	-15.67	-4.15	2.44	20.31	15.64	17.23
Operating Expenses	350.59	327.47	322.26	326.14	271.36	266.93
Operating Income	364.08	273.16	300.22	679.26	570.97	312.16
Interest Expense	-35.38	-44.98	-37.03	-23.49	-0.63	-1.6
Interest & Investment Income	29.66	67.8	50.7	32.42	17.08	17.16
Currency Exchange Gain (Loss)	-1.68	-1.68	15.22	26.4	-15.39	-28.77
Other Non Operating Income (Expenses)	25.13	-1.34	-1.15	-1.16	-1.3	-0.95
EBT Excluding Unusual Items	381.8	292.96	327.95	713.42	570.72	298
Gain (Loss) on Sale of Investments	-5.19	7.04	0.38	-0.75	0.05	1.62
Gain (Loss) on Sale of Assets	-0.17	2.54	3.18	101.37	74.81	-1.87
Asset Writedown	-0.07	-0.07	-1	-	-	-
Other Unusual Items	2.82	2.62	5.75	17.71	14.28	11.55
Pretax Income	379.19	305.09	336.26	831.74	659.85	309.3
Income Tax Expense	50.29	31.23	41.07	15.3	88.29	38.89
Earnings From Continuing Operations	328.9	273.86	295.19	816.44	571.56	270.41
Minority Interest in Earnings	0.88	0.92	0.89	0.87	0.85	0.28
Net Income	329.77	274.78	296.08	817.31	572.41	270.69
Net Income to Common	329.77	274.78	296.08	817.31	572.41	270.69
Net Income Growth	56.57%	-7.20%	-63.77%	42.79%	111.46%	-6.48%
Shares Outstanding (Basic)	402	404	411	409	409	410
Shares Outstanding (Diluted)	417	410	417	432	444	410
Shares Change (YoY)	1.81%	-1.65%	-3.57%	-2.54%	8.19%	0.60%
EPS (Basic)	0.82	0.68	0.72	2.00	1.40	0.66
EPS (Diluted)	0.79	0.67	0.71	1.89	1.29	0.66
EPS Growth	53.78%	-5.63%	-62.43%	46.51%	95.45%	-7.04%
Free Cash Flow	59.99	-181.58	33.99	-224.51	-494.92	165.86
Free Cash Flow Per Share	0.14	-0.44	0.08	-0.52	-1.11	0.40
Dividend Per Share	0.300	0.200	0.150	0.200	0.150	0.100
Dividend Growth	100.00%	33.33%	-25.00%	33.33%	50.00%	-33.33%
Gross Margin	22.91%	22.56%	23.88%	33.32%	33.61%	28.35%
Operating Margin	11.67%	10.26%	11.52%	22.51%	22.78%	15.28%
Profit Margin	10.57%	10.32%	11.36%	27.09%	22.84%	13.25%
Free Cash Flow Margin	1.92%	-6.82%	1.30%	-7.44%	-19.75%	8.12%
EBITDA	581.44	491.21	519.18	870.27	725.26	464.35
EBITDA Margin	18.64%	18.45%	19.91%	28.84%	28.94%	22.73%
D&A For EBITDA	217.36	218.05	218.97	191.01	154.29	152.19
EBIT	364.08	273.16	300.22	679.26	570.97	312.16
EBIT Margin	11.67%	10.26%	11.52%	22.51%	22.78%	15.28%
Effective Tax Rate	13.26%	10.24%	12.21%	1.84%	13.38%	12.57%
Revenue as Reported	3,119	2,662	2,607	3,017	2,506	2,043
Advertising Expenses	-	3.21	3.51	1.53	0.73	1.23

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