Zhejiang ZUCH Technology Co., Ltd (SHE:301280)

Zhejiang ZUCH Technology Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,587	1,207	1,027	1,037	700.89
Other Revenue	15.49	9.71	16.59	14.27	8.21
Revenue	1,603	1,216	1,044	1,051	709.1
Revenue Growth (YoY)	31.77%	16.56%	-0.70%	48.21%	13.08%
Cost of Revenue	1,216	913.07	801.9	773.39	499.59
Gross Profit	386.87	303.37	241.76	277.58	209.51
Selling, General & Admin	100.95	83.75	63.04	59.27	47.76
Research & Development	64.72	63.76	39	33.08	22.91
Other Operating Expenses	-2.92	2.77	5.56	5.39	3.78
Operating Expenses	182.26	156.3	111.25	106.72	83.47
Operating Income	204.61	147.07	130.51	170.86	126.03
Interest Expense	-1.53	-1.16	-2.32	-3.63	-3.01
Interest & Investment Income	21.42	28.88	0.15	0.04	0.04
Currency Exchange Gain (Loss)	1.21	0.25	1.46	-0.3	-0.44
Other Non Operating Income (Expenses)	-0.57	-1.23	-0.42	-0.11	-0.11
EBT Excluding Unusual Items	225.15	173.81	129.38	166.87	122.52
Gain (Loss) on Sale of Investments	4.8	-1.48	-1.18	-2.45	-3.41
Gain (Loss) on Sale of Assets	0.03	0.45	-0.7	0.3	0.39
Asset Writedown	-0.36	-0.66	-0.36	-0.02	-0.41
Other Unusual Items	3.55	11.64	10.15	6.71	6.08
Pretax Income	233.17	183.77	137.29	171.41	125.16
Income Tax Expense	36.04	23.01	15.61	24.97	17.58
Earnings From Continuing Operations	197.13	160.76	121.68	146.44	107.58
Minority Interest in Earnings	-11.42	-13.82	-11.58	-9.25	-3.9
Net Income	185.7	146.94	110.09	137.19	103.69
Net Income to Common	185.7	146.94	110.09	137.19	103.69
Net Income Growth	26.38%	33.47%	-19.75%	32.31%	67.04%
Shares Outstanding (Basic)	97	98	73	73	73
Shares Outstanding (Diluted)	97	98	73	73	73
Shares Change (YoY)	-1.27%	33.47%	0.22%	0.77%	2.25%
EPS (Basic)	1.92	1.50	1.50	1.87	1.43
EPS (Diluted)	1.92	1.50	1.50	1.87	1.43
EPS Growth	28.00%	-	-19.93%	31.30%	63.37%
Free Cash Flow	-131.51	139.26	-35.54	-100.7	-68.26
Free Cash Flow Per Share	-1.36	1.42	-0.48	-1.38	-0.94
Dividend Per Share	1.200	1.000	0.667	-	0.267
Dividend Growth	20.00%	49.99%	-	-	-42.85%
Gross Margin	24.14%	24.94%	23.16%	26.41%	29.55%
Operating Margin	12.77%	12.09%	12.50%	16.26%	17.77%
Profit Margin	11.58%	12.08%	10.55%	13.05%	14.62%
Free Cash Flow Margin	-8.20%	11.45%	-3.40%	-9.58%	-9.63%
EBITDA	232.31	176.36	153.83	190.84	142.01
EBITDA Margin	14.49%	14.50%	14.74%	18.16%	20.03%
D&A For EBITDA	27.71	29.29	23.32	19.98	15.98
EBIT	204.61	147.07	130.51	170.86	126.03
EBIT Margin	12.77%	12.09%	12.50%	16.26%	17.77%
Effective Tax Rate	15.46%	12.52%	11.37%	14.57%	14.04%
Revenue as Reported	1,603	1,216	1,044	1,051	-
Advertising Expenses	0.55	0.7	0.22	0.21	0.04

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