China Satellite Communications Co., Ltd. (SHA:601698)

SHA:601698 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,616	2,522	2,580	2,629	2,532	2,608
Other Revenue	19.5	19.5	35.24	104.66	102.3	102.72
Revenue	2,635	2,541	2,616	2,733	2,634	2,710
Revenue Growth (YoY)	4.91%	-2.85%	-4.30%	3.76%	-2.81%	-0.87%
Cost of Revenue	1,926	1,837	1,682	1,736	1,645	1,734
Gross Profit	709.65	703.81	933.98	996.85	988.96	976.74
Selling, General & Admin	271.93	269.67	248.7	251.44	241.42	220.81
Research & Development	63.85	79.97	68.95	68.59	72.2	87.2
Other Operating Expenses	-25.27	-27.96	-54.09	-97.64	-85.87	-50.87
Operating Expenses	320.54	325.56	251.57	224.71	204.86	291.49
Operating Income	389.11	378.25	682.42	772.14	784.1	685.25
Interest Expense	-10.1	-7.08	-7.75	-7.11	-6.78	-
Interest & Investment Income	156.06	216.67	176.36	103.42	60	92.97
Currency Exchange Gain (Loss)	1.62	1.62	-4.57	1.24	6.56	-15.15
Other Non Operating Income (Expenses)	-216.37	-3.48	-1.51	-0.94	-2.91	-2.8
EBT Excluding Unusual Items	320.32	585.99	844.95	868.75	840.98	760.27
Gain (Loss) on Sale of Investments	-6.72	-14.57	-	-1.62	-0.41	-1.78
Gain (Loss) on Sale of Assets	-0.02	0.07	-	-	-	-0.08
Asset Writedown	-145.2	-145.2	-277	-95.47	-0.02	-42.45
Other Unusual Items	5.51	4.82	40.99	4.79	4.52	24.77
Pretax Income	403.49	660.71	608.94	915.53	845.08	740.73
Income Tax Expense	57.4	92.89	99.93	-171.7	117.59	94.55
Earnings From Continuing Operations	346.09	567.82	509.01	1,087	727.48	646.18
Minority Interest in Earnings	-86.72	-113.33	-160.24	-164.43	-155.18	-157.39
Net Income	259.37	454.49	348.77	922.81	572.3	488.79
Net Income to Common	259.37	454.49	348.77	922.81	572.3	488.79
Net Income Growth	-38.77%	30.31%	-62.20%	61.24%	17.09%	9.49%
Shares Outstanding (Basic)	4,225	4,224	4,222	4,037	3,999	4,000
Shares Outstanding (Diluted)	4,225	4,224	4,222	4,037	3,999	4,000
Shares Change (YoY)	0.06%	0.04%	4.60%	0.94%	-0.01%	5.28%
EPS (Basic)	0.06	0.11	0.08	0.23	0.14	0.12
EPS (Diluted)	0.06	0.11	0.08	0.23	0.14	0.12
EPS Growth	-38.80%	30.27%	-63.87%	59.75%	17.10%	4.00%
Free Cash Flow	81.69	394.74	145.12	-924.37	912.99	673.36
Free Cash Flow Per Share	0.02	0.09	0.03	-0.23	0.23	0.17
Dividend Per Share	0.032	0.032	0.025	0.044	0.029	0.036
Dividend Growth	30.24%	30.24%	-43.12%	50.34%	-19.44%	200.00%
Gross Margin	26.93%	27.70%	35.71%	36.47%	37.54%	36.04%
Operating Margin	14.77%	14.89%	26.09%	28.25%	29.77%	25.28%
Profit Margin	9.84%	17.89%	13.33%	33.76%	21.73%	18.04%
Free Cash Flow Margin	3.10%	15.53%	5.55%	-33.82%	34.66%	24.84%
EBITDA	1,641	1,616	1,901	2,008	1,990	2,004
EBITDA Margin	62.25%	63.58%	72.67%	73.45%	75.56%	73.92%
D&A For EBITDA	1,251	1,237	1,218	1,236	1,206	1,318
EBIT	389.11	378.25	682.42	772.14	784.1	685.25
EBIT Margin	14.77%	14.89%	26.09%	28.25%	29.77%	25.28%
Effective Tax Rate	14.23%	14.06%	16.41%	-	13.91%	12.76%
Revenue as Reported	2,635	2,541	2,616	2,733	2,634	2,710
Advertising Expenses	-	1.95	2.31	1.08	-	-

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