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

SHA:600879 Income Statement

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

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