China Aerospace Times Electronics CO., LTD. (SHA:600879)

SHA:600879 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	12,319	14,193	18,579	17,281	15,831	13,811
Other Revenue	72.08	87.25	148.34	194.19	157.96	197.75
Revenue	12,391	14,280	18,727	17,476	15,989	14,009
Revenue Growth (YoY)	-26.24%	-23.75%	7.16%	9.30%	14.14%	2.16%
Cost of Revenue	9,717	11,304	14,984	14,079	12,868	11,403
Gross Profit	2,674	2,977	3,743	3,396	3,122	2,605
Selling, General & Admin	1,449	1,561	1,736	1,480	1,470	1,202
Research & Development	774.61	881.17	1,075	893.19	718.54	571.74
Other Operating Expenses	113.71	57	52.58	67.72	56.13	41.14
Operating Expenses	2,377	2,535	3,097	2,546	2,294	1,835
Operating Income	296.99	441.28	646.28	850.57	827.16	770.25
Interest Expense	-164.86	-177.19	-183.44	-210.41	-224.89	-193.64
Interest & Investment Income	336.14	344.84	142.56	11.38	31.3	9.83
Currency Exchange Gain (Loss)	0.13	0.57	0.24	0.49	-1.02	-0.79
Other Non Operating Income (Expenses)	-30.8	-29.38	-62.97	-30.43	-43.16	-13.02
EBT Excluding Unusual Items	437.61	580.13	542.67	621.6	589.39	572.64
Gain (Loss) on Sale of Investments	-8.95	-	-	-0.9	-	-4.08
Gain (Loss) on Sale of Assets	-2.88	0.3	-4.9	-1.82	-3.2	-1.02
Asset Writedown	-12.03	-15.01	-35.73	-20.64	2.08	-12.71
Legal Settlements	-24.59	-24.59	-	-	-	-
Other Unusual Items	139.49	110.06	95.63	81.77	51.79	87.17
Pretax Income	528.64	650.88	597.67	680.01	640.05	641.99
Income Tax Expense	54.2	49.1	6.87	22.61	45.78	112.37
Earnings From Continuing Operations	474.44	601.78	590.8	657.4	594.27	529.62
Minority Interest in Earnings	-2.18	-53.76	-65.95	-44.65	-45.07	-51.17
Net Income	472.26	548.02	524.85	612.75	549.2	478.46
Net Income to Common	472.26	548.02	524.85	612.75	549.2	478.46
Net Income Growth	22.36%	4.42%	-14.35%	11.57%	14.79%	4.40%
Shares Outstanding (Basic)	3,299	3,301	2,965	2,723	2,719	2,719
Shares Outstanding (Diluted)	3,299	3,301	2,965	2,723	2,719	2,719
Shares Change (YoY)	1.55%	11.33%	8.88%	0.17%	0.01%	0.25%
EPS (Basic)	0.14	0.17	0.18	0.23	0.20	0.18
EPS (Diluted)	0.14	0.17	0.18	0.23	0.20	0.18
EPS Growth	20.50%	-6.21%	-21.33%	11.39%	14.77%	4.14%
Free Cash Flow	-1,248	-1,043	-1,634	-2,268	-211.63	24.6
Free Cash Flow Per Share	-0.38	-0.32	-0.55	-0.83	-0.08	0.01
Dividend Per Share	0.050	0.050	0.048	0.070	-	-
Dividend Growth	4.17%	4.17%	-31.43%	-	-	-
Gross Margin	21.58%	20.84%	19.99%	19.43%	19.52%	18.60%
Operating Margin	2.40%	3.09%	3.45%	4.87%	5.17%	5.50%
Profit Margin	3.81%	3.84%	2.80%	3.51%	3.44%	3.42%
Free Cash Flow Margin	-10.07%	-7.31%	-8.73%	-12.98%	-1.32%	0.18%
EBITDA	694.83	877.99	1,144	1,339	1,280	1,209
EBITDA Margin	5.61%	6.15%	6.11%	7.66%	8.00%	8.63%
D&A For EBITDA	397.84	436.71	497.85	488.87	452.77	438.7
EBIT	296.99	441.28	646.28	850.57	827.16	770.25
EBIT Margin	2.40%	3.09%	3.45%	4.87%	5.17%	5.50%
Effective Tax Rate	10.25%	7.54%	1.15%	3.33%	7.15%	17.50%
Revenue as Reported	12,391	14,280	18,727	17,476	15,989	14,009
Advertising Expenses	-	-	20.09	12.72	9.74	8.16

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