AVIC Heavy Machinery Co., Ltd. (SHA:600765)

AVIC Heavy Machinery 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	9,493	10,112	11,328	10,404	8,641	6,571
Other Revenue	243.27	243.27	248.26	165.43	148.62	127.52
Revenue	9,737	10,355	11,576	10,570	8,790	6,698
Revenue Growth (YoY)	-19.93%	-10.55%	9.53%	20.25%	31.23%	11.92%
Cost of Revenue	7,548	8,078	8,077	7,564	6,494	5,062
Gross Profit	2,189	2,277	3,499	3,005	2,296	1,637
Selling, General & Admin	1,010	1,004	921.57	806.89	695.32	623.73
Research & Development	647.97	676.98	762.16	434.15	346.45	294.92
Other Operating Expenses	49.51	27.53	43.43	29.44	29.19	34.76
Operating Expenses	1,399	1,387	1,814	1,504	1,248	1,073
Operating Income	789.89	889.62	1,685	1,501	1,048	563.3
Interest Expense	-102.97	-102.98	-101.45	-91.18	-118.8	-133.65
Interest & Investment Income	60.82	61.89	79.15	85.3	202.37	80.91
Currency Exchange Gain (Loss)	9.5	9.5	12.63	30.76	-11.27	-17.16
Other Non Operating Income (Expenses)	-1.13	-2.04	-2.65	-2.8	4.55	-2.76
EBT Excluding Unusual Items	756.98	856	1,673	1,523	1,125	490.65
Gain (Loss) on Sale of Investments	-25.13	-25.13	-	-10.96	-0.36	-
Gain (Loss) on Sale of Assets	0.72	1.1	1.87	-1.32	-0.83	-2.68
Asset Writedown	-20.66	-3.8	-17.71	-0.01	-15.43	-0.3
Other Unusual Items	36.96	36.96	29.53	23.9	35.64	25.91
Pretax Income	748.87	865.14	1,687	1,534	1,144	513.59
Income Tax Expense	87.7	101.45	217.11	206.35	176.94	87.37
Earnings From Continuing Operations	661.17	763.68	1,470	1,328	966.68	426.21
Minority Interest in Earnings	-147.75	-123.95	-131.34	-127.91	-76.04	-82.41
Net Income	513.42	639.73	1,338	1,200	890.64	343.81
Net Income to Common	513.42	639.73	1,338	1,200	890.64	343.81
Net Income Growth	-63.11%	-52.19%	11.50%	34.76%	159.05%	24.91%
Shares Outstanding (Basic)	1,500	1,488	3,112	1,464	1,392	1,301
Shares Outstanding (Diluted)	1,500	1,488	3,112	1,464	1,392	1,301
Shares Change (YoY)	-51.69%	-52.19%	112.62%	5.18%	6.98%	18.15%
EPS (Basic)	0.34	0.43	0.43	0.82	0.64	0.26
EPS (Diluted)	0.34	0.43	0.43	0.82	0.64	0.26
EPS Growth	-23.64%	-	-47.56%	28.13%	142.15%	5.72%
Free Cash Flow	-1,155	-1,094	-492.52	-103.41	897.91	204.8
Free Cash Flow Per Share	-0.77	-0.73	-0.16	-0.07	0.65	0.16
Dividend Per Share	0.122	0.122	0.269	0.165	0.121	0.035
Dividend Growth	-54.73%	-54.73%	63.05%	35.91%	242.94%	10.28%
Gross Margin	22.48%	21.99%	30.23%	28.43%	26.12%	24.43%
Operating Margin	8.11%	8.59%	14.56%	14.20%	11.92%	8.41%
Profit Margin	5.27%	6.18%	11.56%	11.36%	10.13%	5.13%
Free Cash Flow Margin	-11.86%	-10.57%	-4.25%	-0.98%	10.21%	3.06%
EBITDA	1,351	1,415	2,069	1,783	1,346	852.27
EBITDA Margin	13.87%	13.66%	17.87%	16.87%	15.31%	12.72%
D&A For EBITDA	560.71	525.34	383.86	282.54	297.9	288.98
EBIT	789.89	889.62	1,685	1,501	1,048	563.3
EBIT Margin	8.11%	8.59%	14.56%	14.20%	11.92%	8.41%
Effective Tax Rate	11.71%	11.73%	12.87%	13.45%	15.47%	17.01%
Revenue as Reported	9,737	10,355	11,576	10,570	8,790	6,698
Advertising Expenses	-	0.93	0.21	1.36	1.07	0.45

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.