TCL Electronics Holdings Limited (TCLHF)

TCL Electronics Holdings Income Statement

Financials in millions HKD. 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	99,322	78,986	71,351	74,847	50,953
Revenue Growth (YoY)	25.75%	10.70%	-4.67%	46.89%	40.23%
Cost of Revenue	83,768	65,312	58,240	62,313	41,291
Gross Profit	15,554	13,674	13,112	12,534	9,662
Selling, General & Admin	11,649	10,831	11,830	11,266	7,909
Research & Development	2,335	2,327	2,531	2,481	1,630
Other Operating Expenses	116.81	166.3	74.1	50.56	27.63
Operating Expenses	14,134	13,448	14,519	13,829	9,583
Operating Income	1,420	226.26	-1,407	-1,294	79.47
Interest Expense	-786.91	-885.5	-668.67	-400.86	-243.77
Interest & Investment Income	773.44	794.17	631	404.48	276.88
Earnings From Equity Investments	113.88	90.49	89.84	145.44	-61.1
Currency Exchange Gain (Loss)	-	202.48	1,345	-	171.24
Other Non Operating Income (Expenses)	965.89	681.18	1,143	1,703	1,005
EBT Excluding Unusual Items	2,486	1,109	1,133	557.9	1,228
Impairment of Goodwill	-127.91	-	-	-12.05	-
Gain (Loss) on Sale of Investments	126.34	54.94	-300.83	889.97	857.13
Gain (Loss) on Sale of Assets	50.41	7.63	3.44	11.95	3.23
Asset Writedown	-32.26	-23.47	-	-	-8.84
Other Unusual Items	12.12	-	-	-	-
Pretax Income	2,515	1,148	835.53	1,448	2,079
Income Tax Expense	666.01	321.38	281.69	168.48	185.94
Earnings From Continuing Operations	1,849	826.81	553.83	1,279	1,893
Earnings From Discontinued Operations	-	-	-	-	1,752
Net Income to Company	1,849	826.81	553.83	1,279	3,646
Minority Interest in Earnings	-89.15	-83.18	-106.86	-95.29	-46.18
Net Income	1,759	743.63	446.98	1,184	3,599
Net Income to Common	1,759	743.63	446.98	1,184	3,599
Net Income Growth	136.59%	66.37%	-62.25%	-67.11%	57.63%
Shares Outstanding (Basic)	2,431	2,426	2,412	2,404	2,331
Shares Outstanding (Diluted)	2,523	2,478	2,502	2,493	2,364
Shares Change (YoY)	1.83%	-0.95%	0.36%	5.44%	1.89%
EPS (Basic)	0.72	0.31	0.19	0.49	1.54
EPS (Diluted)	0.70	0.30	0.18	0.47	1.52
EPS Growth	132.32%	67.94%	-62.38%	-68.80%	54.72%
Free Cash Flow	2,105	1,394	917.9	106.79	1,888
Free Cash Flow Per Share	0.83	0.56	0.37	0.04	0.80
Dividend Per Share	0.318	0.160	0.127	0.167	0.212
Dividend Growth	98.75%	25.98%	-23.95%	-21.23%	0.19%
Gross Margin	15.66%	17.31%	18.38%	16.75%	18.96%
Operating Margin	1.43%	0.29%	-1.97%	-1.73%	0.16%
Profit Margin	1.77%	0.94%	0.63%	1.58%	7.06%
Free Cash Flow Margin	2.12%	1.76%	1.29%	0.14%	3.71%
EBITDA	1,898	761.89	-863.92	-815.42	367.1
EBITDA Margin	1.91%	0.97%	-1.21%	-1.09%	0.72%
D&A For EBITDA	478.44	535.63	543.35	478.91	287.63
EBIT	1,420	226.26	-1,407	-1,294	79.47
EBIT Margin	1.43%	0.29%	-1.97%	-1.73%	0.16%
Effective Tax Rate	26.49%	27.99%	33.71%	11.64%	8.94%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.