AVIC Shenyang Aircraft Company Limited (SHA: 600760)

AVIC Shenyang Aircraft Company 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	36,693	46,027	41,380	34,392	27,113	23,528
Other Revenue	220.54	220.54	218.04	294.01	203	233.06
Revenue	36,914	46,248	41,598	34,686	27,316	23,761
Revenue Growth (YoY)	-19.67%	11.18%	19.93%	26.98%	14.96%	17.91%
Cost of Revenue	32,538	41,273	37,725	31,261	24,836	21,721
Gross Profit	4,375	4,975	3,873	3,426	2,480	2,040
Selling, General & Admin	897.45	970.98	891.69	869.93	712.6	778.55
Research & Development	1,027	975.64	739.97	684.53	287.62	218.35
Other Operating Expenses	181.67	135.14	204.27	38.82	36.66	37.88
Operating Expenses	1,924	1,969	1,678	1,898	1,234	1,094
Operating Income	2,451	3,006	2,194	1,528	1,246	946.68
Interest Expense	-	-2.84	-6.29	-4.98	-27.32	-17.8
Interest & Investment Income	260.04	320.3	256.08	290.46	172.98	96.1
Currency Exchange Gain (Loss)	1.83	1.83	57.84	-13.77	-44.86	7.51
Other Non Operating Income (Expenses)	-36.62	-19.94	-4.86	-23.7	-19.77	-20.16
EBT Excluding Unusual Items	2,676	3,305	2,497	1,776	1,327	1,012
Gain (Loss) on Sale of Investments	-	-	-1.1	-	-	-33.98
Gain (Loss) on Sale of Assets	4.77	13.03	-1.53	10.38	-6.69	-3.9
Asset Writedown	-11.52	-4.36	-1.32	-10.34	-	-
Other Unusual Items	82.03	80.66	117.48	111.27	417.82	39.61
Pretax Income	2,752	3,395	2,611	1,887	1,738	1,014
Income Tax Expense	272.59	385.44	297.71	168.03	254.36	133.49
Earnings From Continuing Operations	2,479	3,009	2,313	1,719	1,484	880.55
Minority Interest in Earnings	-18.45	-2.04	-7.97	-5.82	-3.47	-2.76
Net Income	2,461	3,007	2,305	1,713	1,480	877.79
Net Income to Common	2,461	3,007	2,305	1,713	1,480	877.79
Net Income Growth	-15.99%	30.47%	34.55%	15.73%	68.63%	18.10%
Shares Outstanding (Basic)	2,763	2,759	2,744	2,757	2,726	2,731
Shares Outstanding (Diluted)	2,763	2,759	2,744	2,757	2,726	2,731
Shares Change (YoY)	1.05%	0.55%	-0.46%	1.11%	-0.17%	-0.64%
EPS (Basic)	0.89	1.09	0.84	0.62	0.54	0.32
EPS (Diluted)	0.89	1.09	0.84	0.62	0.54	0.32
EPS Growth	-16.86%	29.76%	35.18%	14.46%	68.92%	18.86%
Free Cash Flow	-1,186	-6,956	1,618	9,049	5,578	-1,709
Free Cash Flow Per Share	-0.43	-2.52	0.59	3.28	2.05	-0.63
Dividend Per Share	0.400	0.400	0.286	0.250	0.122	0.076
Dividend Growth	40.01%	40.01%	14.28%	104.25%	60.00%	-
Gross Margin	11.85%	10.76%	9.31%	9.88%	9.08%	8.59%
Operating Margin	6.64%	6.50%	5.27%	4.40%	4.56%	3.98%
Profit Margin	6.67%	6.50%	5.54%	4.94%	5.42%	3.69%
Free Cash Flow Margin	-3.21%	-15.04%	3.89%	26.09%	20.42%	-7.19%
EBITDA	3,247	3,795	2,975	2,291	1,923	1,513
EBITDA Margin	8.80%	8.21%	7.15%	6.61%	7.04%	6.37%
D&A For EBITDA	795.55	789.03	780.34	763.88	676.89	566.25
EBIT	2,451	3,006	2,194	1,528	1,246	946.68
EBIT Margin	6.64%	6.50%	5.27%	4.40%	4.56%	3.98%
Effective Tax Rate	9.91%	11.35%	11.40%	8.91%	14.64%	13.16%
Revenue as Reported	36,914	46,248	41,598	34,686	27,316	23,761
Advertising Expenses	-	20.25	10.89	13.31	7.88	7.51

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