Zhejiang Top Cloud-agri Technology Co.,Ltd. (SHE:301556)

SHE:301556 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	502.84	488.9	459.45	375.17	332.1	265.28
Other Revenue	-	-	-	-	-	0.18
Revenue	502.84	488.9	459.45	375.17	332.1	265.46
Revenue Growth (YoY)	34.03%	6.41%	22.47%	12.97%	25.10%	16.49%
Cost of Revenue	257.85	239.01	210.64	164.07	154.27	116.73
Gross Profit	245	249.89	248.82	211.1	177.82	148.73
Selling, General & Admin	93.8	94.83	90.75	80.17	72.55	60.59
Research & Development	48.95	49.97	48.77	43.1	37.72	27.29
Other Operating Expenses	-2.87	-3.05	-3.96	-1.96	-0.91	-1.7
Operating Expenses	145.87	149.88	137.74	120.02	109.97	90.56
Operating Income	99.13	100.01	111.08	91.07	67.85	58.17
Interest Expense	-0	-0.05	-0.08	-0.17	-0.18	-0.17
Interest & Investment Income	17.01	15.49	11.13	10.19	8.46	6.84
Currency Exchange Gain (Loss)	0.07	0.07	-0.23	0.13	-0.07	-0.53
Other Non Operating Income (Expenses)	2.17	2.31	-2.33	-0.93	-2.13	-2.22
EBT Excluding Unusual Items	118.37	117.82	119.56	100.29	73.93	62.1
Gain (Loss) on Sale of Investments	-0.08	0.29	0.64	-0.18	-0.32	0.7
Gain (Loss) on Sale of Assets	-0	0	0.06	-	-	-
Asset Writedown	-1.08	-0.66	-0.01	-0.01	-0.07	-0.15
Other Unusual Items	21.3	20.51	8.33	4.45	6.87	8.91
Pretax Income	138.51	137.96	128.59	104.56	80.42	71.56
Income Tax Expense	14.55	14.5	13.58	11.87	7.9	8.85
Earnings From Continuing Operations	123.96	123.46	115.01	92.68	72.51	62.71
Net Income	123.96	123.46	115.01	92.68	72.51	62.71
Net Income to Common	123.96	123.46	115.01	92.68	72.51	62.71
Net Income Growth	33.74%	7.35%	24.09%	27.82%	15.64%	130.02%
Shares Outstanding (Basic)	72	67	64	64	64	62
Shares Outstanding (Diluted)	72	67	64	64	64	62
Shares Change (YoY)	13.01%	5.59%	-0.10%	-	2.97%	4.25%
EPS (Basic)	1.71	1.83	1.80	1.45	1.13	1.01
EPS (Diluted)	1.71	1.83	1.80	1.45	1.13	1.01
EPS Growth	18.34%	1.67%	24.22%	28.24%	11.93%	120.64%
Free Cash Flow	80.96	76.47	77.13	35.44	89.8	70.21
Free Cash Flow Per Share	1.12	1.13	1.21	0.55	1.40	1.13
Dividend Per Share	0.587	0.587	-	-	-	-
Gross Margin	48.72%	51.11%	54.16%	56.27%	53.55%	56.03%
Operating Margin	19.71%	20.46%	24.18%	24.28%	20.43%	21.91%
Profit Margin	24.65%	25.25%	25.03%	24.70%	21.83%	23.62%
Free Cash Flow Margin	16.10%	15.64%	16.79%	9.45%	27.04%	26.45%
EBITDA	104.91	105.54	115.6	95.38	72.13	62.67
EBITDA Margin	20.86%	21.59%	25.16%	25.42%	21.72%	23.61%
D&A For EBITDA	5.79	5.53	4.52	4.3	4.28	4.51
EBIT	99.13	100.01	111.08	91.07	67.85	58.17
EBIT Margin	19.71%	20.46%	24.18%	24.28%	20.43%	21.91%
Effective Tax Rate	10.51%	10.51%	10.56%	11.36%	9.83%	12.37%
Revenue as Reported	502.84	488.9	459.45	375.17	332.1	265.46
Advertising Expenses	-	3.95	2.93	1.88	1.93	2.36

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