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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Jan 1, 2021
Operating Revenue	6,124	4,960	5,678	6,289	3,355	1,947
Other Revenue	578.65	578.65	195.6	29.68	14.82	7.26
Revenue	6,703	5,539	5,874	6,319	3,370	1,954
Revenue Growth (YoY)	32.56%	-5.70%	-7.05%	87.52%	72.46%	8.64%
Cost of Revenue	6,012	4,896	4,870	5,436	2,724	1,562
Gross Profit	690.65	643.41	1,004	883.17	645.7	392.22
Selling, General & Admin	138.32	158.55	162.34	141.84	162.33	138.82
Research & Development	379.5	314.02	298.53	310.62	177.82	140.27
Other Operating Expenses	3.42	2.52	32.71	19.16	8.31	9.89
Operating Expenses	520.14	471.03	484.53	478.05	350.45	293.37
Operating Income	170.51	172.38	519.25	405.12	295.25	98.85
Interest Expense	-62.53	-68.91	-60.01	-9.54	-8.05	-4.35
Interest & Investment Income	34.21	41.55	34.27	13.95	19.86	28.9
Currency Exchange Gain (Loss)	3.83	3.83	11.41	7.94	-14.35	-6.86
Other Non Operating Income (Expenses)	10.62	-3.94	-2.76	-4.07	-1.76	-1.26
EBT Excluding Unusual Items	156.64	144.9	502.16	413.41	290.95	115.28
Impairment of Goodwill	-	-	-	-	-18.23	-
Gain (Loss) on Sale of Investments	2.7	5.59	6.18	0.01	0.64	3.22
Gain (Loss) on Sale of Assets	-0.56	-9.61	0	0.45	-0.55	-
Asset Writedown	-7.8	-9.88	-4.73	-1.54	-13.55	-1.26
Other Unusual Items	48.19	48.19	52.77	18.88	21.04	18.82
Pretax Income	199.16	179.18	556.38	431.21	280.3	136.05
Income Tax Expense	67.1	89.33	108.2	24.37	13.79	2.91
Earnings From Continuing Operations	132.06	89.86	448.18	406.84	266.51	133.14
Minority Interest in Earnings	-1	2.48	-0.68	-2.74	-1.47	-0.1
Net Income	131.06	92.34	447.51	404.1	265.04	133.04
Net Income to Common	131.06	92.34	447.51	404.1	265.04	133.04
Net Income Growth	-51.30%	-79.37%	10.74%	52.47%	99.22%	42.86%
Shares Outstanding (Basic)	856	839	814	825	828	783
Shares Outstanding (Diluted)	856	839	814	825	828	783
Shares Change (YoY)	4.60%	3.17%	-1.34%	-0.43%	5.83%	-7.56%
EPS (Basic)	0.15	0.11	0.55	0.49	0.32	0.17
EPS (Diluted)	0.15	0.11	0.55	0.49	0.32	0.17
EPS Growth	-53.44%	-80.00%	12.25%	53.13%	88.23%	54.55%
Free Cash Flow	-7.05	117.97	319.34	-251.33	13.34	139.79
Free Cash Flow Per Share	-0.01	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	10.30%	11.62%	17.09%	13.98%	19.16%	20.07%
Operating Margin	2.54%	3.11%	8.84%	6.41%	8.76%	5.06%
Profit Margin	1.96%	1.67%	7.62%	6.40%	7.87%	6.81%
Free Cash Flow Margin	-0.10%	2.13%	5.44%	-3.98%	0.40%	7.15%
EBITDA	342.36	325.26	646.83	508.43	371.99	177.11
EBITDA Margin	5.11%	5.87%	11.01%	8.05%	11.04%	9.06%
D&A For EBITDA	171.85	152.88	127.58	103.31	76.75	78.26
EBIT	170.51	172.38	519.25	405.12	295.25	98.85
EBIT Margin	2.54%	3.11%	8.84%	6.41%	8.76%	5.06%
Effective Tax Rate	33.69%	49.85%	19.45%	5.65%	4.92%	2.14%
Revenue as Reported	6,703	5,539	5,874	6,319	3,370	1,954

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