Advanced Fiber Resources (Zhuhai), Ltd. (SHE:300620)

SHE:300620 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,069	964.4	685.02	623.24	651.87	465.82
Other Revenue	34.47	34.47	24.88	19.2	15.93	25.79
Revenue	1,104	998.87	709.9	642.44	667.8	491.6
Revenue Growth (YoY)	54.36%	40.71%	10.50%	-3.80%	35.84%	25.80%
Cost of Revenue	766.48	677.5	469.42	408.33	389.99	279.59
Gross Profit	337.39	321.37	240.48	234.11	277.81	212.01
Selling, General & Admin	142.51	136.11	98.35	92.04	95.68	87.48
Research & Development	148.05	141.49	123.91	99.93	77.34	49.39
Other Operating Expenses	10.38	5.99	2.8	3.36	2.88	4.51
Operating Expenses	312.76	292.56	228.84	196.01	179.02	143.25
Operating Income	24.63	28.81	11.64	38.1	98.78	68.77
Interest Expense	-10.69	-8.2	-1.16	-1.23	-1.27	-0.16
Interest & Investment Income	23.85	20.22	14.73	17.57	20.17	2.91
Currency Exchange Gain (Loss)	-1.99	-1.99	1.13	15.32	2.15	-18.13
Other Non Operating Income (Expenses)	-0.9	-0.99	0.16	-0.78	-0.62	-0.42
EBT Excluding Unusual Items	34.9	37.85	26.51	68.99	119.23	52.98
Gain (Loss) on Sale of Investments	0.09	0.09	-	-	-	-
Gain (Loss) on Sale of Assets	-1.23	-1.25	-0.18	-0.28	-0.06	0.04
Asset Writedown	-1.15	-	-	-0.18	-0.02	-0.18
Other Unusual Items	29.32	23.19	23.06	41.5	25.2	11.41
Pretax Income	61.92	59.89	49.39	110.02	144.34	64.25
Income Tax Expense	-13.1	-12.6	-10.24	-7.78	13.53	3.64
Earnings From Continuing Operations	75.03	72.49	59.64	117.8	130.81	60.61
Minority Interest in Earnings	-3.69	-5.51	-	-	-	-1.4
Net Income	71.33	66.98	59.64	117.8	130.81	59.21
Net Income to Common	71.33	66.98	59.64	117.8	130.81	59.21
Net Income Growth	40.89%	12.32%	-49.38%	-9.94%	120.94%	2.99%
Shares Outstanding (Basic)	249	249	245	245	245	243
Shares Outstanding (Diluted)	250	249	245	246	245	245
Shares Change (YoY)	1.86%	1.47%	-0.32%	0.40%	-0.02%	20.69%
EPS (Basic)	0.29	0.27	0.24	0.48	0.53	0.24
EPS (Diluted)	0.29	0.27	0.24	0.48	0.53	0.24
EPS Growth	38.32%	10.70%	-49.22%	-10.30%	120.99%	-14.66%
Free Cash Flow	-81.33	34.98	-126.22	-198.16	-80.45	-101.36
Free Cash Flow Per Share	-0.33	0.14	-0.52	-0.81	-0.33	-0.41
Dividend Per Share	0.100	0.100	-	0.133	0.133	0.089
Dividend Growth	-	-	-	-	49.94%	-
Gross Margin	30.56%	32.17%	33.88%	36.44%	41.60%	43.13%
Operating Margin	2.23%	2.88%	1.64%	5.93%	14.79%	13.99%
Profit Margin	6.46%	6.71%	8.40%	18.34%	19.59%	12.04%
Free Cash Flow Margin	-7.37%	3.50%	-17.78%	-30.84%	-12.05%	-20.62%
EBITDA	96.77	98.2	69.99	74.81	132.2	97.52
EBITDA Margin	8.77%	9.83%	9.86%	11.64%	19.80%	19.84%
D&A For EBITDA	72.14	69.38	58.35	36.71	33.42	28.75
EBIT	24.63	28.81	11.64	38.1	98.78	68.77
EBIT Margin	2.23%	2.88%	1.64%	5.93%	14.79%	13.99%
Effective Tax Rate	-	-	-	-	9.38%	5.66%
Revenue as Reported	1,104	998.87	709.9	642.44	667.8	491.6
Advertising Expenses	-	2.74	1.82	1.35	1.33	1.92

Updated Oct 22, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.