Avic Aviation High-Technology Co., Ltd. (SHA: 600862)

Avic Aviation High-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	4,880	4,681	4,346	3,730	2,860	2,411
Other Revenue	98.16	98.16	100.19	77.27	51.35	62.36
Revenue	4,978	4,780	4,446	3,808	2,912	2,473
Revenue Growth (YoY)	5.81%	7.50%	16.77%	30.77%	17.72%	-6.76%
Cost of Revenue	3,139	3,056	3,090	2,677	2,053	1,690
Gross Profit	1,839	1,724	1,357	1,130	858.45	783.83
Selling, General & Admin	355.51	360.32	294.69	277.7	291.07	318.72
Research & Development	161.44	175.52	163.32	151.24	90.64	97.67
Other Operating Expenses	41.67	29.81	33.77	31.45	22.19	16.28
Operating Expenses	574.19	572.87	509.79	490.43	427.24	423.02
Operating Income	1,265	1,151	846.75	639.77	431.21	360.81
Interest Expense	-4.16	-4.02	-3.18	-13.41	-17.48	-9.92
Interest & Investment Income	24.98	57.16	37.49	42.35	36.4	261.73
Currency Exchange Gain (Loss)	0.92	0.92	0.04	0.01	-0.02	0.41
Other Non Operating Income (Expenses)	-3.26	-1.39	-4.37	-3.17	3.66	8.6
EBT Excluding Unusual Items	1,284	1,204	876.73	665.55	453.77	621.62
Gain (Loss) on Sale of Assets	-0.46	-0.27	3.01	1.55	-0.21	-1.41
Asset Writedown	-	-	-	-0.09	-	-
Legal Settlements	-0.53	-0.53	-0.3	-0.92	-0.5	-0.88
Other Unusual Items	10.27	10.27	14.16	39.67	63.41	48.15
Pretax Income	1,293	1,213	893.59	705.76	516.48	667.48
Income Tax Expense	182.36	175.42	126.88	114.48	86.63	103.02
Earnings From Continuing Operations	1,111	1,038	766.71	591.28	429.85	564.46
Minority Interest in Earnings	-11.65	-6.17	-2.07	0.13	1.05	-12.87
Net Income	1,099	1,031	764.64	591.41	430.9	551.58
Net Income to Common	1,099	1,031	764.64	591.41	430.9	551.58
Net Income Growth	17.17%	34.90%	29.29%	37.25%	-21.88%	81.41%
Shares Outstanding (Basic)	1,393	1,394	1,390	1,408	1,390	1,379
Shares Outstanding (Diluted)	1,393	1,394	1,390	1,408	1,390	1,379
Shares Change (YoY)	0.13%	0.26%	-1.27%	1.30%	0.80%	-0.23%
EPS (Basic)	0.79	0.74	0.55	0.42	0.31	0.40
EPS (Diluted)	0.79	0.74	0.55	0.42	0.31	0.40
EPS Growth	17.01%	34.55%	30.95%	35.48%	-22.50%	81.82%
Free Cash Flow	87.11	194.85	172.07	271.11	64.24	771.31
Free Cash Flow Per Share	0.06	0.14	0.12	0.19	0.05	0.56
Dividend Per Share	0.223	0.223	0.165	0.128	0.093	0.160
Dividend Growth	35.15%	35.15%	28.91%	37.63%	-41.88%	45.45%
Gross Margin	36.95%	36.07%	30.51%	29.68%	29.48%	31.69%
Operating Margin	25.42%	24.08%	19.04%	16.80%	14.81%	14.59%
Profit Margin	22.08%	21.58%	17.20%	15.53%	14.80%	22.30%
Free Cash Flow Margin	1.75%	4.08%	3.87%	7.12%	2.21%	31.18%
EBITDA	1,400	1,283	974.56	799.36	565.22	605.86
EBITDA Margin	28.13%	26.84%	21.92%	20.99%	19.41%	24.50%
D&A For EBITDA	135.07	131.96	127.81	159.59	134.01	245.05
EBIT	1,265	1,151	846.75	639.77	431.21	360.81
EBIT Margin	25.42%	24.08%	19.04%	16.80%	14.81%	14.59%
Effective Tax Rate	14.10%	14.46%	14.20%	16.22%	16.77%	15.43%
Revenue as Reported	4,978	4,780	4,446	3,808	2,912	2,473
Advertising Expenses	-	1.43	0.15	0.87	1.74	6.96

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