TCL Electronics Holdings Limited (HKG: 1070)

TCL Electronics Holdings Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	89,563	78,986	71,351	74,847	50,953	36,335
Revenue Growth (YoY)	23.38%	10.70%	-4.67%	46.89%	40.23%	-20.29%
Cost of Revenue	73,560	64,230	58,240	62,313	41,291	28,892
Gross Profit	16,003	14,756	13,112	12,534	9,662	7,443
Selling, General & Admin	12,658	11,913	11,830	11,266	7,909	6,055
Research & Development	2,324	2,327	2,531	2,481	1,630	750.68
Other Operating Expenses	246.33	243.61	385.32	50.56	27.63	8.57
Operating Expenses	15,312	14,607	14,830	13,829	9,583	6,815
Operating Income	691.22	149.03	-1,718	-1,294	79.47	628.63
Interest Expense	-975.17	-885.5	-668.67	-400.86	-243.77	-128.88
Interest & Investment Income	794.17	794.17	631	404.48	276.88	93.47
Earnings From Equity Investments	139.41	90.49	89.84	145.44	-61.1	38.22
Currency Exchange Gain (Loss)	202.48	202.48	1,345	-	171.24	43.73
Other Non Operating Income (Expenses)	767.75	681.18	1,143	1,703	1,005	293.21
EBT Excluding Unusual Items	1,620	1,032	821.71	557.9	1,228	968.37
Impairment of Goodwill	-126.04	-	-	-12.05	-	-
Gain (Loss) on Sale of Investments	87.82	87.82	7.75	889.97	857.13	1,026
Gain (Loss) on Sale of Assets	28.6	28.6	6.07	11.95	3.23	-4.87
Asset Writedown	-0.08	-0.08	-	-	-8.84	-2.17
Other Unusual Items	-	-	-	-	-	12.21
Pretax Income	1,610	1,148	835.53	1,448	2,079	1,999
Income Tax Expense	446.48	321.38	281.69	168.48	185.94	128.24
Earnings From Continuing Operations	1,164	826.81	553.83	1,279	1,893	1,871
Earnings From Discontinued Operations	-	-	-	-	1,752	457.84
Net Income to Company	1,164	826.81	553.83	1,279	3,646	2,329
Minority Interest in Earnings	-33.83	-83.18	-106.86	-95.29	-46.18	-45.67
Net Income	1,130	743.63	446.98	1,184	3,599	2,283
Net Income to Common	1,130	743.63	446.98	1,184	3,599	2,283
Net Income Growth	144.99%	66.37%	-62.25%	-67.11%	57.63%	119.39%
Shares Outstanding (Basic)	2,436	2,426	2,412	2,404	2,331	2,278
Shares Outstanding (Diluted)	2,505	2,478	2,502	2,493	2,364	2,320
Shares Change (YoY)	0.78%	-0.95%	0.36%	5.44%	1.89%	2.18%
EPS (Basic)	0.46	0.31	0.19	0.49	1.54	1.00
EPS (Diluted)	0.45	0.30	0.18	0.47	1.52	0.98
EPS Growth	143.19%	67.94%	-62.38%	-68.80%	54.71%	114.69%
Free Cash Flow	1,761	1,394	917.9	106.79	1,888	1,764
Free Cash Flow Per Share	0.70	0.56	0.37	0.04	0.80	0.76
Dividend Per Share	0.160	0.160	0.127	0.167	0.212	0.212
Dividend Growth	25.98%	25.98%	-23.95%	-21.23%	0.19%	10.32%
Gross Margin	17.87%	18.68%	18.38%	16.75%	18.96%	20.48%
Operating Margin	0.77%	0.19%	-2.41%	-1.73%	0.16%	1.73%
Profit Margin	1.26%	0.94%	0.63%	1.58%	7.06%	6.28%
Free Cash Flow Margin	1.97%	1.77%	1.29%	0.14%	3.71%	4.85%
EBITDA	1,218	684.66	-1,175	-815.42	367.1	848.65
EBITDA Margin	1.36%	0.87%	-1.65%	-1.09%	0.72%	2.34%
D&A For EBITDA	526.65	535.63	543.35	478.91	287.63	220.02
EBIT	691.22	149.03	-1,718	-1,294	79.47	628.63
EBIT Margin	0.77%	0.19%	-2.41%	-1.73%	0.16%	1.73%
Effective Tax Rate	27.73%	27.99%	33.71%	11.64%	8.94%	6.41%

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