Zhang Xiaoquan Inc. (SHE:301055)

Zhang Xiaoquan 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	914.06	902.01	805.6	818.02	753.39	567.52
Other Revenue	5.83	5.83	5.88	8.53	6.65	4.73
Revenue	919.88	907.84	811.48	826.55	760.04	572.26
Revenue Growth (YoY)	10.39%	11.87%	-1.82%	8.75%	32.81%	18.23%
Cost of Revenue	592.28	588.31	527.84	530.13	469.72	341.75
Gross Profit	327.6	319.53	283.64	296.42	290.32	230.51
Selling, General & Admin	251.5	247.57	221.07	213.58	169.81	116.41
Research & Development	27.69	27.88	26.36	24.38	22.88	20.07
Other Operating Expenses	6.12	6.2	5.95	6.5	4.89	3.9
Operating Expenses	287.93	285.03	252.82	245.09	198.65	140.37
Operating Income	39.67	34.49	30.82	51.34	91.68	90.14
Interest Expense	-0.19	-0.32	-0.43	-0.87	-0.53	-
Interest & Investment Income	1.61	1.87	1.93	2.14	3.29	1.88
Currency Exchange Gain (Loss)	0.19	0.19	-0.17	-0.01	-0.07	-0.05
Other Non Operating Income (Expenses)	-0.6	-0.24	-0.23	0.26	-0.19	-0.16
EBT Excluding Unusual Items	40.68	35.98	31.92	52.85	94.17	91.8
Gain (Loss) on Sale of Investments	1.06	1.34	1.69	-	-	-
Gain (Loss) on Sale of Assets	-0.03	-0.03	0.23	-0.08	0.03	0.21
Asset Writedown	-0.45	-0.02	-0.06	-0.01	-0.02	-0.02
Other Unusual Items	2.21	2.23	5.17	6.51	4.36	4.66
Pretax Income	43.47	39.51	38.94	59.27	98.53	96.65
Income Tax Expense	6.5	7.97	10.75	17.19	19.8	19.43
Earnings From Continuing Operations	36.97	31.54	28.2	42.08	78.73	77.22
Minority Interest in Earnings	-6.6	-6.5	-3.08	-0.57	-	-
Net Income	30.37	25.04	25.12	41.51	78.73	77.22
Net Income to Common	30.37	25.04	25.12	41.51	78.73	77.22
Net Income Growth	24.94%	-0.30%	-39.48%	-47.28%	1.96%	6.80%
Shares Outstanding (Basic)	154	157	157	154	129	117
Shares Outstanding (Diluted)	154	157	157	154	129	117
Shares Change (YoY)	0.89%	-0.30%	2.12%	19.11%	10.32%	-0.01%
EPS (Basic)	0.20	0.16	0.16	0.27	0.61	0.66
EPS (Diluted)	0.20	0.16	0.16	0.27	0.61	0.66
EPS Growth	23.84%	-	-40.74%	-55.74%	-7.58%	6.80%
Free Cash Flow	79.34	89.5	89.16	70.26	-12.03	-63.52
Free Cash Flow Per Share	0.51	0.57	0.57	0.46	-0.09	-0.54
Dividend Per Share	0.120	0.120	0.150	0.250	0.500	-
Dividend Growth	-20.00%	-20.00%	-40.00%	-50.00%	-	-
Gross Margin	35.61%	35.20%	34.95%	35.86%	38.20%	40.28%
Operating Margin	4.31%	3.80%	3.80%	6.21%	12.06%	15.75%
Profit Margin	3.30%	2.76%	3.09%	5.02%	10.36%	13.49%
Free Cash Flow Margin	8.63%	9.86%	10.99%	8.50%	-1.58%	-11.10%
EBITDA	65.44	62.91	69.86	79.85	109.27	105.88
EBITDA Margin	7.11%	6.93%	8.61%	9.66%	14.38%	18.50%
D&A For EBITDA	25.76	28.42	39.04	28.52	17.59	15.75
EBIT	39.67	34.49	30.82	51.34	91.68	90.14
EBIT Margin	4.31%	3.80%	3.80%	6.21%	12.06%	15.75%
Effective Tax Rate	14.96%	20.18%	27.59%	29.01%	20.09%	20.11%
Revenue as Reported	919.88	907.84	811.48	826.55	760.04	572.26
Advertising Expenses	-	7.27	8.48	7.08	5.64	18.57

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