Folangsi Co., Ltd. (HKG: 2499)

Folangsi 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
Revenue	1,454	1,372	1,194	1,172	980.64	890.66
Revenue Growth (YoY)	24.01%	14.87%	1.88%	19.53%	10.10%	21.95%
Cost of Revenue	1,002	954.41	832.55	798.02	650.46	564.69
Gross Profit	451.47	417.4	361.66	374.17	330.18	325.97
Selling, General & Admin	226.68	218.42	203.28	227.22	193.02	185.55
Research & Development	46.5	42.18	39.65	-	-	27.75
Other Operating Expenses	-	-	-	-	-	-9.22
Operating Expenses	277.23	263.03	247.11	231.72	199.82	207.97
Operating Income	174.24	154.37	114.56	142.45	130.36	118.01
Interest Expense	-96.18	-85.1	-83.61	-81.84	-73.6	-62.58
Interest & Investment Income	3.5	2	1.95	1.65	1.44	3.33
Earnings From Equity Investments	0.79	0.24	0.95	-4.93	-0.23	1.05
Currency Exchange Gain (Loss)	2.83	1.18	-2.38	0.58	0.59	0.36
Other Non Operating Income (Expenses)	-2.44	-4.74	0.08	1.52	2.58	54.7
EBT Excluding Unusual Items	82.75	67.95	31.55	59.43	61.14	114.87
Gain (Loss) on Sale of Investments	-	0.09	2.33	-	-	-
Gain (Loss) on Sale of Assets	-0.3	-0.04	-	0.02	0.04	-59.78
Legal Settlements	-20.53	-39.19	-	-	-	-
Other Unusual Items	2.37	1.82	1.55	-	-	-
Pretax Income	64.3	30.63	35.42	59.45	61.18	55.09
Income Tax Expense	1.62	-0.59	0.02	4.27	6.97	-
Net Income	62.68	31.22	35.4	55.18	54.21	55.09
Net Income to Common	62.68	31.22	35.4	55.18	54.21	55.09
Net Income Growth	13.59%	-11.81%	-35.84%	1.79%	-1.59%	21.15%
Shares Outstanding (Basic)	344	338	336	328	322	322
Shares Outstanding (Diluted)	344	338	336	328	322	322
Shares Change (YoY)	4.95%	0.60%	2.48%	1.81%	-0.00%	6.04%
EPS (Basic)	0.18	0.09	0.11	0.17	0.17	0.17
EPS (Diluted)	0.18	0.09	0.11	0.17	0.17	0.17
EPS Growth	8.23%	-12.34%	-37.40%	-0.02%	-0.95%	13.50%
Free Cash Flow	303.01	253.43	301.43	243.4	316.79	221.69
Free Cash Flow Per Share	0.88	0.75	0.90	0.74	0.98	0.69
Gross Margin	31.06%	30.43%	30.28%	31.92%	33.67%	36.60%
Operating Margin	11.99%	11.25%	9.59%	12.15%	13.29%	13.25%
Profit Margin	4.31%	2.28%	2.96%	4.71%	5.53%	6.18%
Free Cash Flow Margin	20.84%	18.47%	25.24%	20.76%	32.30%	24.89%
EBITDA	379.95	363.53	325.71	323.83	285.93	365.05
EBITDA Margin	26.14%	26.50%	27.27%	27.63%	29.16%	40.99%
D&A For EBITDA	205.71	209.16	211.16	181.38	155.57	247.04
EBIT	174.24	154.37	114.56	142.45	130.36	118.01
EBIT Margin	11.99%	11.25%	9.59%	12.15%	13.29%	13.25%
Effective Tax Rate	2.52%	-	0.06%	7.18%	11.39%	-

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