Huitongda Network Co., Ltd. (HKG: 9878)

Huitongda Network 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	71,911	82,433	82,106	65,763	49,629	43,633
Revenue Growth (YoY)	-15.20%	0.40%	24.85%	32.51%	13.74%	46.41%
Cost of Revenue	69,323	79,693	79,518	63,895	48,285	42,336
Gross Profit	2,588	2,740	2,588	1,868	1,345	1,297
Selling, General & Admin	1,692	1,755	1,758	1,253	1,025	1,031
Research & Development	86.24	93.5	113.23	78.55	58.28	49.28
Other Operating Expenses	-44.14	5.96	30.19	-57.18	-25.33	28.09
Operating Expenses	2,026	2,129	2,122	1,365	1,058	1,108
Operating Income	562.87	610.75	466.5	503.4	286.95	188.78
Interest Expense	-272.28	-259.46	-286.55	-879.29	-704.88	-633.47
Interest & Investment Income	232.39	263.3	225.87	166.31	101.01	52.73
Earnings From Equity Investments	0.69	-0.83	0.08	-1.82	-1.41	-
Currency Exchange Gain (Loss)	-1.57	35.66	151.24	-2.4	-	-
EBT Excluding Unusual Items	522.1	649.42	557.13	-213.8	-318.33	-391.95
Gain (Loss) on Sale of Investments	128.53	171.17	151.22	136.85	113.24	106.07
Gain (Loss) on Sale of Assets	-13.77	-19.35	-54.31	0.84	6.58	25.66
Asset Writedown	-7.64	-4.22	-	-	-	-
Other Unusual Items	-	-	-	-	-	13.69
Pretax Income	629.22	797.02	654.04	-76.12	-198.52	-246.53
Income Tax Expense	85.61	99.72	96.23	100.93	81.47	58.29
Earnings From Continuing Operations	543.61	697.3	557.82	-177.05	-279.99	-304.82
Minority Interest in Earnings	-215.38	-249.02	-241.44	-172.83	-125.3	-110.51
Net Income	328.23	448.28	316.38	-349.88	-405.29	-415.33
Preferred Dividends & Other Adjustments	-	-	-16.73	-130.32	-162.15	-165.91
Net Income to Common	328.23	448.28	333.11	-219.56	-243.14	-249.43
Net Income Growth	-26.91%	41.69%	-	-	-	-
Shares Outstanding (Basic)	558	562	531	319	291	291
Shares Outstanding (Diluted)	558	562	531	319	291	291
Shares Change (YoY)	-0.87%	5.81%	66.32%	9.51%	-	-3.59%
EPS (Basic)	0.59	0.80	0.63	-0.69	-0.83	-0.86
EPS (Diluted)	0.59	0.80	0.63	-0.69	-0.83	-0.86
EPS Growth	-26.48%	27.23%	-	-	-	-
Free Cash Flow	87.23	437.85	206.48	792.52	444.69	589.72
Free Cash Flow Per Share	0.16	0.78	0.39	2.48	1.53	2.02
Gross Margin	3.60%	3.32%	3.15%	2.84%	2.71%	2.97%
Operating Margin	0.78%	0.74%	0.57%	0.77%	0.58%	0.43%
Profit Margin	0.46%	0.54%	0.41%	-0.33%	-0.49%	-0.57%
Free Cash Flow Margin	0.12%	0.53%	0.25%	1.21%	0.90%	1.35%
EBITDA	584.95	633.29	485.18	524.36	306.03	207.24
EBITDA Margin	0.81%	0.77%	0.59%	0.80%	0.62%	0.47%
D&A For EBITDA	22.08	22.54	18.68	20.96	19.08	18.46
EBIT	562.87	610.75	466.5	503.4	286.95	188.78
EBIT Margin	0.78%	0.74%	0.57%	0.77%	0.58%	0.43%
Effective Tax Rate	13.61%	12.51%	14.71%	-	-	-
Advertising Expenses	-	-	-	-	-	133.42

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