Yantai Zhenghai Magnetic Material Co., Ltd. (SHE:300224)

SHE:300224 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Jan 1, 2021
Operating Revenue	5,254	4,960	5,678	6,289	3,355	1,947
Other Revenue	803.97	578.65	195.6	29.68	14.82	7.26
Revenue	6,058	5,539	5,874	6,319	3,370	1,954
Revenue Growth (YoY)	15.27%	-5.70%	-7.05%	87.52%	72.46%	8.64%
Cost of Revenue	5,446	4,896	4,870	5,436	2,724	1,562
Gross Profit	611.13	643.41	1,004	883.17	645.7	392.22
Selling, General & Admin	154.34	158.55	162.34	141.84	162.33	138.82
Research & Development	346.89	314.02	298.53	310.62	177.82	140.27
Other Operating Expenses	18.02	2.52	32.71	19.16	8.31	9.89
Operating Expenses	514.86	471.03	484.53	478.05	350.45	293.37
Operating Income	96.27	172.38	519.25	405.12	295.25	98.85
Interest Expense	-72.34	-68.91	-60.01	-9.54	-8.05	-4.35
Interest & Investment Income	36.66	41.55	34.27	13.95	19.86	28.9
Currency Exchange Gain (Loss)	29.19	3.83	11.41	7.94	-14.35	-6.86
Other Non Operating Income (Expenses)	-5.65	-3.94	-2.76	-4.07	-1.76	-1.26
EBT Excluding Unusual Items	84.13	144.9	502.16	413.41	290.95	115.28
Impairment of Goodwill	-	-	-	-	-18.23	-
Gain (Loss) on Sale of Investments	2.1	5.59	6.18	0.01	0.64	3.22
Gain (Loss) on Sale of Assets	-9.46	-9.61	0	0.45	-0.55	-
Asset Writedown	-10.56	-9.88	-4.73	-1.54	-13.55	-1.26
Other Unusual Items	61.41	48.19	52.77	18.88	21.04	18.82
Pretax Income	127.62	179.18	556.38	431.21	280.3	136.05
Income Tax Expense	72.1	89.33	108.2	24.37	13.79	2.91
Earnings From Continuing Operations	55.52	89.86	448.18	406.84	266.51	133.14
Minority Interest in Earnings	0.34	2.48	-0.68	-2.74	-1.47	-0.1
Net Income	55.85	92.34	447.51	404.1	265.04	133.04
Net Income to Common	55.85	92.34	447.51	404.1	265.04	133.04
Net Income Growth	-84.31%	-79.37%	10.74%	52.47%	99.22%	42.86%
Shares Outstanding (Basic)	828	839	814	825	828	783
Shares Outstanding (Diluted)	828	839	814	825	828	783
Shares Change (YoY)	1.76%	3.17%	-1.34%	-0.43%	5.83%	-7.56%
EPS (Basic)	0.07	0.11	0.55	0.49	0.32	0.17
EPS (Diluted)	0.07	0.11	0.55	0.49	0.32	0.17
EPS Growth	-84.58%	-80.00%	12.25%	53.13%	88.23%	54.55%
Free Cash Flow	66.47	117.97	319.34	-251.33	13.34	139.79
Free Cash Flow Per Share	0.08	0.14	0.39	-0.30	0.02	0.18
Dividend Per Share	0.200	0.200	0.200	0.200	-	0.200
Gross Margin	10.09%	11.62%	17.09%	13.98%	19.16%	20.07%
Operating Margin	1.59%	3.11%	8.84%	6.41%	8.76%	5.06%
Profit Margin	0.92%	1.67%	7.62%	6.40%	7.87%	6.81%
Free Cash Flow Margin	1.10%	2.13%	5.44%	-3.98%	0.40%	7.15%
EBITDA	256.58	325.26	646.83	508.43	371.99	177.11
EBITDA Margin	4.24%	5.87%	11.01%	8.05%	11.04%	9.06%
D&A For EBITDA	160.31	152.88	127.58	103.31	76.75	78.26
EBIT	96.27	172.38	519.25	405.12	295.25	98.85
EBIT Margin	1.59%	3.11%	8.84%	6.41%	8.76%	5.06%
Effective Tax Rate	56.50%	49.85%	19.45%	5.65%	4.92%	2.14%
Revenue as Reported	6,058	5,539	5,874	6,319	3,370	1,954

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