Fuyao Glass Industry Group Co., Ltd. (HKG: 3606)

Fuyao Glass Industry Group 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	37,138	32,650	27,651	23,261	19,641	20,765
Other Revenue	510.82	510.82	447.78	341.93	265.3	338.79
Revenue	37,649	33,161	28,099	23,603	19,907	21,104
Revenue Growth (YoY)	19.58%	18.02%	19.05%	18.57%	-5.67%	4.35%
Cost of Revenue	23,601	21,495	18,609	15,192	12,730	13,431
Gross Profit	14,048	11,666	9,490	8,411	7,177	7,673
Selling, General & Admin	4,426	3,984	3,455	3,052	2,894	3,438
Research & Development	1,629	1,403	1,249	997.2	815.58	813.13
Other Operating Expenses	47.79	172.77	225.34	204.63	198.18	197.82
Operating Expenses	6,104	5,576	4,934	4,260	3,910	4,452
Operating Income	7,944	6,090	4,556	4,151	3,266	3,222
Interest Expense	-299.93	-288.32	-288.12	-318.94	-354.75	-432.68
Interest & Investment Income	986.68	614	262.73	231.79	361.29	366.8
Currency Exchange Gain (Loss)	368.7	368.7	1,045	-528.01	-422.47	135.76
Other Non Operating Income (Expenses)	-466.06	-6.98	-7.41	-7.21	-11	-25.96
EBT Excluding Unusual Items	8,533	6,778	5,568	3,529	2,839	3,266
Gain (Loss) on Sale of Investments	-257.81	-36.31	-10.28	-9.4	-0.68	-35.75
Gain (Loss) on Sale of Assets	-92.12	-100.07	-127.95	-103	-67.15	-9.28
Asset Writedown	-119.6	-147.03	-105.5	-	-	-
Legal Settlements	-	-	-	-	-	-275.48
Other Unusual Items	221.87	221.87	254.51	402.64	338.06	286.06
Pretax Income	8,285	6,716	5,579	3,819	3,110	3,231
Income Tax Expense	1,301	1,087	826.31	675.86	511.14	332.96
Earnings From Continuing Operations	6,985	5,629	4,753	3,143	2,598	2,898
Minority Interest in Earnings	-2.56	0.15	2.8	3.19	2.33	0.25
Net Income	6,982	5,629	4,756	3,146	2,601	2,898
Net Income to Common	6,982	5,629	4,756	3,146	2,601	2,898
Net Income Growth	40.18%	18.37%	51.16%	20.97%	-10.27%	-29.66%
Shares Outstanding (Basic)	2,604	2,606	2,613	2,558	2,501	2,499
Shares Outstanding (Diluted)	2,604	2,606	2,613	2,558	2,501	2,499
Shares Change (YoY)	-0.14%	-0.26%	2.15%	2.28%	0.08%	-0.55%
EPS (Basic)	2.68	2.16	1.82	1.23	1.04	1.16
EPS (Diluted)	2.68	2.16	1.82	1.23	1.04	1.16
EPS Growth	40.38%	18.68%	47.97%	18.27%	-10.34%	-29.27%
Free Cash Flow	3,911	3,150	2,763	3,348	3,505	2,347
Free Cash Flow Per Share	1.50	1.21	1.06	1.31	1.40	0.94
Dividend Per Share	1.300	1.300	1.250	1.000	0.750	0.750
Dividend Growth	4.00%	4.00%	25.00%	33.33%	0%	-34.78%
Gross Margin	37.31%	35.18%	33.77%	35.64%	36.05%	36.36%
Operating Margin	21.10%	18.37%	16.21%	17.59%	16.41%	15.27%
Profit Margin	18.55%	16.98%	16.92%	13.33%	13.06%	13.73%
Free Cash Flow Margin	10.39%	9.50%	9.83%	14.19%	17.61%	11.12%
EBITDA	10,064	8,143	6,519	6,038	5,135	4,956
EBITDA Margin	26.73%	24.56%	23.20%	25.58%	25.80%	23.48%
D&A For EBITDA	2,121	2,053	1,963	1,887	1,869	1,734
EBIT	7,944	6,090	4,556	4,151	3,266	3,222
EBIT Margin	21.10%	18.37%	16.21%	17.59%	16.41%	15.27%
Effective Tax Rate	15.70%	16.18%	14.81%	17.70%	16.44%	10.30%
Revenue as Reported	37,649	33,161	28,099	23,603	19,907	21,104

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