Zhejiang Huayou Cobalt Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	73,131	59,678	64,912	61,676	34,260	20,392
Other Revenue	1,267	1,267	1,392	1,358	1,056	795.19
Revenue	74,398	60,946	66,304	63,034	35,317	21,187
Revenue Growth (YoY)	22.56%	-8.08%	5.19%	78.48%	66.69%	12.38%
Cost of Revenue	62,653	50,759	57,317	52,604	28,147	18,045
Gross Profit	11,746	10,186	8,987	10,430	7,170	3,141
Selling, General & Admin	2,043	2,054	2,266	2,039	1,218	692.32
Research & Development	1,248	1,300	1,441	1,709	816.27	370.78
Other Operating Expenses	320.84	346.56	257.46	474.42	253.18	193.97
Operating Expenses	3,758	3,687	4,006	4,432	2,370	1,316
Operating Income	7,987	6,499	4,980	5,998	4,800	1,825
Interest Expense	-2,465	-2,513	-1,961	-1,344	-502.3	-394.03
Interest & Investment Income	1,836	1,752	1,194	1,477	710.04	96.07
Currency Exchange Gain (Loss)	170.97	170.97	270.84	26.39	30.17	8.78
Other Non Operating Income (Expenses)	180.08	-117.94	-124.79	-125.82	-96.46	-40.51
EBT Excluding Unusual Items	7,709	5,791	4,359	6,032	4,941	1,496
Impairment of Goodwill	-195.07	-195.07	-2.06	-2.06	-0.9	-
Gain (Loss) on Sale of Investments	-188.49	-61.51	218.77	-147.5	-14.59	-33.22
Gain (Loss) on Sale of Assets	-60.93	-44.2	-5.89	2.41	-3.12	-26.37
Asset Writedown	56.62	-	-	-31.79	-94.16	-10.35
Other Unusual Items	93.93	93.93	203.73	178.32	-	53.16
Pretax Income	7,415	5,585	4,774	6,031	4,828	1,479
Income Tax Expense	853.94	426.17	268.88	324.38	804.64	353.07
Earnings From Continuing Operations	6,561	5,158	4,505	5,707	4,024	1,126
Minority Interest in Earnings	-1,211	-1,004	-1,154	-1,797	-126.14	39.19
Net Income	5,351	4,155	3,351	3,910	3,898	1,165
Net Income to Common	5,351	4,155	3,351	3,910	3,898	1,165
Net Income Growth	59.34%	23.99%	-14.30%	0.32%	234.60%	874.48%
Shares Outstanding (Basic)	1,673	1,662	1,635	1,578	1,565	1,470
Shares Outstanding (Diluted)	1,750	1,738	1,635	1,579	1,565	1,470
Shares Change (YoY)	3.48%	6.35%	3.52%	0.88%	6.47%	4.05%
EPS (Basic)	3.20	2.50	2.05	2.48	2.49	0.79
EPS (Diluted)	3.06	2.39	2.05	2.48	2.49	0.79
EPS Growth	53.98%	16.59%	-17.25%	-0.51%	214.28%	836.52%
Free Cash Flow	3,218	5,710	-13,363	-13,940	-8,262	-1,781
Free Cash Flow Per Share	1.84	3.28	-8.18	-8.83	-5.28	-1.21
Dividend Per Share	0.500	0.500	1.000	0.200	0.231	0.154
Dividend Growth	-50.00%	-50.00%	400.00%	-13.35%	50.07%	-
Gross Margin	15.79%	16.71%	13.55%	16.55%	20.30%	14.83%
Operating Margin	10.74%	10.66%	7.51%	9.52%	13.59%	8.62%
Profit Margin	7.19%	6.82%	5.05%	6.20%	11.04%	5.50%
Free Cash Flow Margin	4.32%	9.37%	-20.16%	-22.12%	-23.39%	-8.40%
EBITDA	13,399	11,014	8,298	7,869	5,871	2,569
EBITDA Margin	18.01%	18.07%	12.52%	12.48%	16.62%	12.12%
D&A For EBITDA	5,412	4,514	3,318	1,870	1,071	743.5
EBIT	7,987	6,499	4,980	5,998	4,800	1,825
EBIT Margin	10.74%	10.66%	7.51%	9.52%	13.59%	8.62%
Effective Tax Rate	11.52%	7.63%	5.63%	5.38%	16.66%	23.88%
Revenue as Reported	74,398	60,946	66,304	63,034	35,317	21,187

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