Triumph New Energy Company Limited (HKG: 1108)

Triumph New Energy Company Income Statement

Financials in millions CNY. 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
Operating Revenue	6,752	6,534	5,006	3,617	3,329	1,800
Other Revenue	42.9	60.86	23.76	8.9	52.54	54.59
Revenue	6,795	6,595	5,030	3,626	3,381	1,855
Revenue Growth (YoY)	24.63%	31.12%	38.73%	7.24%	82.29%	32.23%
Cost of Revenue	6,149	5,831	4,441	2,783	2,430	1,408
Gross Profit	645.97	764.3	589.57	842.68	951.09	447.17
Selling, General & Admin	167.24	166.89	143.69	194.2	160.59	178.78
Research & Development	259.8	251.52	173.79	154.33	120.75	66.82
Other Operating Expenses	93.26	-0.95	31.58	37	2.37	20.64
Operating Expenses	522.41	416.08	346.72	389.16	294.06	266.24
Operating Income	123.55	348.22	242.85	453.52	657.03	180.93
Interest Expense	-110.51	-102.84	-103.7	-128.77	-125.87	-92.02
Interest & Investment Income	-	7.61	171.85	8.79	5.92	3.13
Currency Exchange Gain (Loss)	-6.37	-4.08	-4.35	-1.15	-5.43	0.65
Other Non Operating Income (Expenses)	21	22.87	22.84	-2.67	-3.38	-11.43
EBT Excluding Unusual Items	27.68	271.78	329.48	329.72	528.28	81.26
Gain (Loss) on Sale of Investments	-19.57	-13.21	-	-11.56	-9.67	-36.58
Gain (Loss) on Sale of Assets	48.72	45.11	1.55	-0.35	-0.26	11.36
Asset Writedown	-0.2	-	-10.22	-0.35	-2.16	-4.69
Other Unusual Items	208.09	197.7	149.45	33.64	26.26	35.46
Pretax Income	264.72	501.37	470.27	351.1	542.44	86.81
Income Tax Expense	2.21	36.56	11.1	19.78	70.18	18.2
Earnings From Continuing Operations	262.51	464.82	459.17	331.33	472.25	68.6
Minority Interest in Earnings	-51.31	-70.1	-50.13	-75.57	-99.39	-14.6
Net Income	211.2	394.72	409.04	255.76	372.86	54
Net Income to Common	211.2	394.72	409.04	255.76	372.86	54
Net Income Growth	-27.15%	-3.50%	59.93%	-31.41%	590.49%	245.15%
Shares Outstanding (Basic)	646	646	646	581	552	560
Shares Outstanding (Diluted)	646	646	646	581	552	560
Shares Change (YoY)	-	-	11.15%	5.22%	-1.38%	0.27%
EPS (Basic)	0.33	0.61	0.63	0.44	0.68	0.10
EPS (Diluted)	0.33	0.61	0.63	0.44	0.68	0.10
EPS Growth	-27.15%	-3.17%	43.18%	-34.85%	600.15%	244.51%
Free Cash Flow	-1,213	-1,721	-1,324	-1,553	232.69	-258.63
Free Cash Flow Per Share	-1.88	-2.67	-2.05	-2.67	0.42	-0.46
Gross Margin	9.51%	11.59%	11.72%	23.24%	28.13%	24.11%
Operating Margin	1.82%	5.28%	4.83%	12.51%	19.43%	9.75%
Profit Margin	3.11%	5.98%	8.13%	7.05%	11.03%	2.91%
Free Cash Flow Margin	-17.85%	-26.10%	-26.32%	-42.82%	6.88%	-13.94%
EBITDA	499.78	693.09	511.53	724.76	865.1	324.99
EBITDA Margin	7.35%	10.51%	10.17%	19.99%	25.59%	17.52%
D&A For EBITDA	376.23	344.87	268.69	271.24	208.07	144.07
EBIT	123.55	348.22	242.85	453.52	657.03	180.93
EBIT Margin	1.82%	5.28%	4.83%	12.51%	19.43%	9.75%
Effective Tax Rate	0.84%	7.29%	2.36%	5.63%	12.94%	20.97%
Revenue as Reported	6,795	6,595	5,030	3,626	3,381	1,855

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