Hwaxin Environmental Co.,Ltd. (SHE: 301265)

Hwaxin Environmental Co.,Ltd. Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	618.82	712.45	739.18	772.19	559.29	571.82
Other Revenue	17.58	17.58	13.04	9.53	10.22	11.37
Revenue	636.4	730.03	752.22	781.72	569.51	583.2
Revenue Growth (YoY)	-12.40%	-2.95%	-3.77%	37.26%	-2.35%	38.20%
Cost of Revenue	506.58	547.62	542.43	517.54	341.22	406.52
Gross Profit	129.82	182.4	209.78	264.18	228.29	176.67
Selling, General & Admin	57.42	58.68	53.33	55.13	48.52	48.34
Research & Development	15.98	17.77	17.76	26.73	23.68	14.86
Other Operating Expenses	7.22	8.09	7.6	9.46	7.52	7.01
Operating Expenses	86.94	92.42	88.35	100.7	85.57	75.11
Operating Income	42.88	89.98	121.44	163.49	142.72	101.56
Interest Expense	-4.52	-4.95	-6.56	-4.48	-5	-6.45
Interest & Investment Income	20.96	23.18	4.62	4.06	4.37	2.45
Currency Exchange Gain (Loss)	-	-	-	-	-	-0.37
Other Non Operating Income (Expenses)	-7.47	-5.36	-0.65	0.55	-0.7	-0.44
EBT Excluding Unusual Items	51.85	102.85	118.85	163.61	141.39	96.75
Gain (Loss) on Sale of Investments	-	-	-	-	0	-
Gain (Loss) on Sale of Assets	-0.01	-0.01	0.2	0.03	-0.35	-0.02
Asset Writedown	-10.12	-10.42	-0.19	-3.55	-1.39	-2.52
Other Unusual Items	4.38	4.26	4.29	7.7	3.85	4.41
Pretax Income	46.09	96.68	123.14	167.78	143.5	98.62
Income Tax Expense	0.48	8.79	11.84	11.48	11.55	12.83
Earnings From Continuing Operations	45.62	87.89	111.3	156.31	131.95	85.79
Minority Interest in Earnings	1.71	0.74	0.26	0.1	-0.03	0
Net Income	47.32	88.63	111.56	156.41	131.92	85.79
Net Income to Common	47.32	88.63	111.56	156.41	131.92	85.79
Net Income Growth	-50.85%	-20.56%	-28.67%	18.56%	53.77%	50.05%
Shares Outstanding (Basic)	312	306	228	227	227	204
Shares Outstanding (Diluted)	312	306	228	227	227	204
Shares Change (YoY)	9.25%	34.23%	0.44%	-0.34%	11.35%	3.60%
EPS (Basic)	0.15	0.29	0.49	0.69	0.58	0.42
EPS (Diluted)	0.15	0.29	0.49	0.69	0.58	0.42
EPS Growth	-55.01%	-40.82%	-28.99%	18.97%	38.10%	44.83%
Free Cash Flow	-149.1	-124.55	44.12	29.47	92.87	-11.79
Free Cash Flow Per Share	-0.48	-0.41	0.19	0.13	0.41	-0.06
Dividend Per Share	-	-	0.200	-	-	-
Gross Margin	20.40%	24.99%	27.89%	33.80%	40.09%	30.29%
Operating Margin	6.74%	12.33%	16.14%	20.91%	25.06%	17.41%
Profit Margin	7.44%	12.14%	14.83%	20.01%	23.16%	14.71%
Free Cash Flow Margin	-23.43%	-17.06%	5.87%	3.77%	16.31%	-2.02%
EBITDA	76.41	122.34	152.23	192.11	163.71	120.61
EBITDA Margin	12.01%	16.76%	20.24%	24.58%	28.75%	20.68%
D&A For EBITDA	33.53	32.36	30.8	28.63	21	19.04
EBIT	42.88	89.98	121.44	163.49	142.72	101.56
EBIT Margin	6.74%	12.33%	16.14%	20.91%	25.06%	17.41%
Effective Tax Rate	1.04%	9.09%	9.62%	6.84%	8.05%	13.01%
Revenue as Reported	636.4	730.03	752.22	781.72	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.