Hangzhou Zhengqiang Corporation Limited (SHE:301119)

SHE:301119 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	424.25	418.54	414.03	424.93	350.95	281
Other Revenue	3.7	3.7	3.38	2.86	3.16	1.1
Revenue	427.96	422.24	417.41	427.79	354.11	282.1
Revenue Growth (YoY)	0.50%	1.16%	-2.43%	20.81%	25.53%	-7.55%
Cost of Revenue	294.55	288.12	279.93	299.69	260.57	195.33
Gross Profit	133.41	134.13	137.48	128.1	93.54	86.77
Selling, General & Admin	26.01	26.9	24.51	24.31	21.56	17.28
Research & Development	20.92	20.64	18.02	19.07	16.09	12.62
Other Operating Expenses	3.38	2.45	3.89	3.44	2.08	2.45
Operating Expenses	51.16	51.15	46.22	47.79	40.77	32.84
Operating Income	82.25	82.98	91.26	80.31	52.77	53.93
Interest Expense	-4.84	-4.11	-3.41	-0.42	-0.05	-0.03
Interest & Investment Income	33.35	16.76	20.53	15.47	5.53	4.13
Currency Exchange Gain (Loss)	1.24	1.24	2.3	3.32	-1.09	-2.91
Other Non Operating Income (Expenses)	0.73	-0.43	-0.12	-0.35	-0.15	-0.25
EBT Excluding Unusual Items	112.74	96.43	110.55	98.33	57.01	54.86
Gain (Loss) on Sale of Investments	8.05	2.54	-3.42	-0.46	-	-
Gain (Loss) on Sale of Assets	-0.12	-0.11	-0.16	0.01	-0.08	-0.02
Asset Writedown	-0.53	-0.01	-0	-	-	-0.2
Other Unusual Items	5.25	4.69	3.43	12.28	2.16	6.2
Pretax Income	125.39	103.54	110.4	110.15	59.09	60.85
Income Tax Expense	15.97	13.17	13.57	12.1	6.08	7.93
Earnings From Continuing Operations	109.42	90.36	96.83	98.04	53.01	52.92
Minority Interest in Earnings	0.44	0.57	0.09	-	-	-
Net Income	109.86	90.93	96.92	98.04	53.01	52.92
Net Income to Common	109.86	90.93	96.92	98.04	53.01	52.92
Net Income Growth	14.71%	-6.18%	-1.15%	84.95%	0.17%	2.90%
Shares Outstanding (Basic)	104	105	104	105	80	78
Shares Outstanding (Diluted)	104	105	104	105	80	78
Shares Change (YoY)	0.36%	0.29%	-1.15%	31.56%	2.50%	0.23%
EPS (Basic)	1.05	0.87	0.93	0.93	0.66	0.68
EPS (Diluted)	1.05	0.87	0.93	0.93	0.66	0.68
EPS Growth	14.30%	-6.45%	-	40.59%	-2.27%	2.67%
Free Cash Flow	50.29	22.16	76.08	175.89	32.23	39.76
Free Cash Flow Per Share	0.48	0.21	0.73	1.67	0.40	0.51
Dividend Per Share	1.020	1.020	0.100	0.115	0.058	-
Dividend Growth	920.00%	920.00%	-13.35%	100.00%	-	-
Gross Margin	31.17%	31.77%	32.94%	29.94%	26.41%	30.76%
Operating Margin	19.22%	19.65%	21.86%	18.77%	14.90%	19.12%
Profit Margin	25.67%	21.54%	23.22%	22.92%	14.97%	18.76%
Free Cash Flow Margin	11.75%	5.25%	18.23%	41.12%	9.10%	14.09%
EBITDA	99.34	99.91	107.56	94.26	64.52	64.67
EBITDA Margin	23.21%	23.66%	25.77%	22.03%	18.22%	22.92%
D&A For EBITDA	17.09	16.93	16.3	13.95	11.75	10.74
EBIT	82.25	82.98	91.26	80.31	52.77	53.93
EBIT Margin	19.22%	19.65%	21.86%	18.77%	14.90%	19.12%
Effective Tax Rate	12.74%	12.72%	12.29%	10.99%	10.29%	13.03%
Revenue as Reported	427.96	422.24	417.41	427.79	354.11	282.1

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