Solomon Systech (International) Limited (HKG:2878)

HKG:2878 Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	113.44	153.15	190.84	168.12	121.26
Revenue Growth (YoY)	-25.93%	-19.75%	13.52%	38.64%	11.94%
Cost of Revenue	75.39	106.81	125.37	100.87	85.42
Gross Profit	38.05	46.34	65.47	67.25	35.85
Selling, General & Admin	14.77	13.79	12.48	14.17	13.58
Research & Development	18.67	17.8	27.07	30.42	16.88
Operating Expenses	33.44	31.59	39.55	44.59	30.46
Operating Income	4.61	14.75	25.93	22.66	5.39
Interest Expense	-0.13	-0.08	-0.12	-0.06	-0.1
Interest & Investment Income	4.12	2.55	0.36	0.28	0.18
Earnings From Equity Investments	0.14	-0.01	-0.11	0.17	0.21
Currency Exchange Gain (Loss)	1.09	1.38	-	-	-
Other Non Operating Income (Expenses)	0.36	0.9	1.76	1.06	5.52
EBT Excluding Unusual Items	10.17	19.49	27.82	24.11	11.2
Gain (Loss) on Sale of Assets	-0.07	0	0.09	-0.33	0.68
Pretax Income	10.1	19.49	27.91	23.78	11.88
Income Tax Expense	-0.03	0.05	0.08	0.05	0.2
Earnings From Continuing Operations	10.13	19.44	27.82	23.73	11.68
Minority Interest in Earnings	-	-	0.01	0.05	0.04
Net Income	10.13	19.44	27.83	23.78	11.72
Net Income to Common	10.13	19.44	27.83	23.78	11.72
Net Income Growth	-47.90%	-30.14%	17.03%	103.00%	-
Shares Outstanding (Basic)	2,496	2,495	2,494	2,488	2,480
Shares Outstanding (Diluted)	2,496	2,495	2,495	2,491	2,481
Shares Change (YoY)	0.04%	-0.01%	0.18%	0.42%	0.01%
EPS (Basic)	0.00	0.01	0.01	0.01	0.00
EPS (Diluted)	0.00	0.01	0.01	0.01	0.00
EPS Growth	-48.68%	-29.16%	15.08%	102.37%	-
Free Cash Flow	17.79	36.72	15.05	-7.52	32.99
Free Cash Flow Per Share	0.01	0.01	0.01	-0.00	0.01
Dividend Per Share	-	-	-	0.001	0.001
Gross Margin	33.54%	30.26%	34.31%	40.00%	29.56%
Operating Margin	4.06%	9.63%	13.59%	13.48%	4.45%
Profit Margin	8.93%	12.70%	14.58%	14.15%	9.66%
Free Cash Flow Margin	15.68%	23.98%	7.89%	-4.47%	27.21%
EBITDA	6.19	16.14	27.72	24.25	7.17
EBITDA Margin	5.46%	10.54%	14.53%	14.42%	5.91%
D&A For EBITDA	1.59	1.39	1.8	1.59	1.78
EBIT	4.61	14.75	25.93	22.66	5.39
EBIT Margin	4.06%	9.63%	13.59%	13.48%	4.45%
Effective Tax Rate	-	0.23%	0.30%	0.20%	1.67%

Updated Mar 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.