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

China Aerospace Times Electronics CO., LTD. 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	14,854	18,579	17,281	15,831	13,811	13,542
Other Revenue	148.34	148.34	194.19	157.96	197.75	169.87
Revenue	15,003	18,727	17,476	15,989	14,009	13,712
Revenue Growth (YoY)	-17.33%	7.16%	9.30%	14.14%	2.16%	1.35%
Cost of Revenue	11,705	14,984	14,079	12,868	11,403	11,109
Gross Profit	3,298	3,743	3,396	3,122	2,605	2,604
Selling, General & Admin	1,648	1,736	1,480	1,470	1,202	1,183
Research & Development	1,052	1,075	893.19	718.54	571.74	545.7
Other Operating Expenses	42.89	78.35	67.72	56.13	41.14	52.87
Operating Expenses	2,908	3,123	2,546	2,294	1,835	1,833
Operating Income	389.92	620.52	850.57	827.16	770.25	770.91
Interest Expense	-117.06	-178.48	-210.41	-224.89	-193.64	-223.81
Interest & Investment Income	427.26	142.56	11.38	31.3	9.83	7.63
Currency Exchange Gain (Loss)	0.24	0.24	0.49	-1.02	-0.79	0.41
Other Non Operating Income (Expenses)	-130.31	-67.93	-30.43	-43.16	-13.02	-20.37
EBT Excluding Unusual Items	570.05	516.91	621.6	589.39	572.64	534.76
Gain (Loss) on Sale of Investments	-	-	-0.9	-	-4.08	-0.25
Gain (Loss) on Sale of Assets	2.1	-4.9	-1.82	-3.2	-1.02	-6.09
Asset Writedown	-38.84	-35.73	-20.64	2.08	-12.71	-
Other Unusual Items	121.39	121.39	81.77	51.79	87.17	56.75
Pretax Income	654.7	597.67	680.01	640.05	641.99	585.17
Income Tax Expense	-2.2	6.87	22.61	45.78	112.37	83.89
Earnings From Continuing Operations	656.91	590.8	657.4	594.27	529.62	501.29
Minority Interest in Earnings	-83.84	-65.95	-44.65	-45.07	-51.17	-43
Net Income	573.07	524.85	612.75	549.2	478.46	458.29
Net Income to Common	573.07	524.85	612.75	549.2	478.46	458.29
Net Income Growth	-7.81%	-14.35%	11.57%	14.79%	4.40%	0.34%
Shares Outstanding (Basic)	3,304	2,965	2,723	2,719	2,719	2,712
Shares Outstanding (Diluted)	3,304	2,965	2,723	2,719	2,719	2,712
Shares Change (YoY)	16.82%	8.88%	0.17%	0.01%	0.25%	-0.26%
EPS (Basic)	0.17	0.18	0.23	0.20	0.18	0.17
EPS (Diluted)	0.17	0.18	0.23	0.20	0.18	0.17
EPS Growth	-21.09%	-21.33%	11.39%	14.77%	4.14%	0.60%
Free Cash Flow	-3,482	-1,634	-2,268	-211.63	24.6	-268
Free Cash Flow Per Share	-1.05	-0.55	-0.83	-0.08	0.01	-0.10
Dividend Per Share	0.048	0.048	0.070	-	-	0.060
Dividend Growth	-31.43%	-31.43%	-	-	-	-
Gross Margin	21.98%	19.99%	19.44%	19.52%	18.60%	18.99%
Operating Margin	2.60%	3.31%	4.87%	5.17%	5.50%	5.62%
Profit Margin	3.82%	2.80%	3.51%	3.43%	3.42%	3.34%
Free Cash Flow Margin	-23.21%	-8.73%	-12.98%	-1.32%	0.18%	-1.95%
EBITDA	841.37	1,088	1,339	1,280	1,209	1,159
EBITDA Margin	5.61%	5.81%	7.66%	8.00%	8.63%	8.45%
D&A For EBITDA	451.46	467.49	488.87	452.77	438.7	388.41
EBIT	389.92	620.52	850.57	827.16	770.25	770.91
EBIT Margin	2.60%	3.31%	4.87%	5.17%	5.50%	5.62%
Effective Tax Rate	-	1.15%	3.32%	7.15%	17.50%	14.34%
Revenue as Reported	15,003	18,727	17,476	15,989	14,009	13,712
Advertising Expenses	-	20.09	12.72	9.74	8.16	7.22

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