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

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