NARI Technology Co., Ltd. (SHA: 600406)

NARI Technology 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	55,175	51,465	46,739	42,311	38,400	32,332
Other Revenue	108.75	108.75	89.55	100.32	102.9	91.19
Revenue	55,283	51,573	46,829	42,411	38,502	32,424
Revenue Growth (YoY)	10.98%	10.13%	10.42%	10.15%	18.75%	13.61%
Cost of Revenue	40,441	37,805	34,302	31,094	28,399	23,229
Gross Profit	14,843	13,768	12,527	11,317	10,103	9,194
Selling, General & Admin	3,575	3,352	2,902	2,618	2,340	2,403
Research & Development	3,064	2,712	2,380	2,153	1,856	1,768
Other Operating Expenses	-293.67	-275.84	-69.16	-151.77	-207.94	-165.7
Operating Expenses	6,548	5,800	5,288	4,714	4,365	4,152
Operating Income	8,295	7,968	7,240	6,603	5,738	5,042
Interest Expense	-31.65	-38.24	-46.64	-74.31	-69.31	-74.76
Interest & Investment Income	520.42	535.22	430.27	311.5	196.75	155.62
Currency Exchange Gain (Loss)	26.26	26.26	153.26	-44.68	-97.9	17.56
Other Non Operating Income (Expenses)	-122.9	-36.78	-54.32	-39.69	-25.67	-25.31
EBT Excluding Unusual Items	8,687	8,455	7,722	6,756	5,742	5,115
Gain (Loss) on Sale of Investments	118.13	17.49	2	15.05	50.02	46.8
Gain (Loss) on Sale of Assets	-1.02	-1.89	6.61	-0.42	-0.87	-1.17
Asset Writedown	17.76	-	-	-	-	-18.88
Other Unusual Items	129.55	129.55	154.3	95.64	143.14	138.42
Pretax Income	8,951	8,600	7,885	6,866	5,934	5,280
Income Tax Expense	957.34	949.65	980.39	823.52	722.81	619.76
Earnings From Continuing Operations	7,994	7,650	6,905	6,043	5,212	4,660
Minority Interest in Earnings	-497.4	-466.35	-458.56	-400.36	-360.11	-317.23
Net Income	7,497	7,184	6,446	5,642	4,852	4,343
Net Income to Common	7,497	7,184	6,446	5,642	4,852	4,343
Net Income Growth	7.86%	11.44%	14.24%	16.30%	11.71%	4.35%
Shares Outstanding (Basic)	7,940	7,965	7,958	7,966	7,939	7,984
Shares Outstanding (Diluted)	7,940	7,965	7,958	7,966	7,939	7,984
Shares Change (YoY)	-0.72%	0.08%	-0.10%	0.34%	-0.56%	3.24%
EPS (Basic)	0.94	0.90	0.81	0.71	0.61	0.54
EPS (Diluted)	0.94	0.90	0.81	0.71	0.61	0.54
EPS Growth	8.25%	11.11%	14.36%	15.91%	12.33%	1.08%
Free Cash Flow	9,548	9,493	5,345	2,654	2,171	1,755
Free Cash Flow Per Share	1.20	1.19	0.67	0.33	0.27	0.22
Dividend Per Share	0.675	0.540	0.325	0.285	0.243	0.168
Dividend Growth	107.69%	66.15%	14.12%	17.15%	44.87%	-21.63%
Gross Margin	26.85%	26.70%	26.75%	26.68%	26.24%	28.36%
Operating Margin	15.00%	15.45%	15.46%	15.57%	14.90%	15.55%
Profit Margin	13.56%	13.93%	13.77%	13.30%	12.60%	13.39%
Free Cash Flow Margin	17.27%	18.41%	11.41%	6.26%	5.64%	5.41%
EBITDA	10,084	9,574	8,600	7,878	6,862	5,821
EBITDA Margin	18.24%	18.56%	18.36%	18.57%	17.82%	17.95%
D&A For EBITDA	1,790	1,605	1,360	1,274	1,124	778.78
EBIT	8,295	7,968	7,240	6,603	5,738	5,042
EBIT Margin	15.00%	15.45%	15.46%	15.57%	14.90%	15.55%
Effective Tax Rate	10.69%	11.04%	12.43%	11.99%	12.18%	11.74%
Revenue as Reported	55,283	51,573	46,829	42,411	38,502	32,424
Advertising Expenses	-	56.36	44.72	-	-	-

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