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

China Satellite Communications 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	2,477	2,580	2,629	2,532	2,608	2,636
Other Revenue	35.24	35.24	104.66	102.3	102.72	98.54
Revenue	2,512	2,616	2,733	2,634	2,710	2,734
Revenue Growth (YoY)	-6.16%	-4.30%	3.76%	-2.81%	-0.87%	1.49%
Cost of Revenue	1,702	1,677	1,736	1,645	1,734	1,644
Gross Profit	810.4	938.62	996.85	988.96	976.74	1,090
Selling, General & Admin	245.08	253.34	251.44	241.42	220.81	245.28
Research & Development	72.46	68.95	68.59	72.2	87.2	74.53
Other Operating Expenses	-23.56	-54.09	-97.64	-85.87	-50.87	2.17
Operating Expenses	290.26	256.21	224.71	204.86	291.49	348.35
Operating Income	520.13	682.42	772.14	784.1	685.25	742.1
Interest Expense	-3.74	-7.75	-7.11	-6.78	-	-4.78
Interest & Investment Income	213.7	176.36	103.42	60	92.97	51.15
Currency Exchange Gain (Loss)	-4.57	-4.57	1.24	6.56	-15.15	-14.27
Other Non Operating Income (Expenses)	-36.71	-1.51	-0.94	-2.91	-2.8	2.34
EBT Excluding Unusual Items	688.82	844.95	868.75	840.98	760.27	776.54
Gain (Loss) on Sale of Investments	-28.8	-	-1.62	-0.41	-1.78	-43.77
Gain (Loss) on Sale of Assets	-0.01	-	-	-	-0.08	-0.48
Asset Writedown	-277	-277	-95.47	-0.02	-42.45	-0
Other Unusual Items	273.13	40.99	4.79	4.52	24.77	15.89
Pretax Income	656.14	608.94	915.53	845.08	740.73	806.69
Income Tax Expense	111.84	99.93	-171.7	117.59	94.55	116.85
Earnings From Continuing Operations	544.3	509.01	1,087	727.48	646.18	689.84
Minority Interest in Earnings	-120.73	-160.24	-164.43	-155.18	-157.39	-243.42
Net Income	423.57	348.77	922.81	572.3	488.79	446.42
Net Income to Common	423.57	348.77	922.81	572.3	488.79	446.42
Net Income Growth	-47.22%	-62.21%	61.24%	17.09%	9.49%	6.73%
Shares Outstanding (Basic)	4,222	4,222	4,037	3,999	4,000	3,799
Shares Outstanding (Diluted)	4,222	4,222	4,037	3,999	4,000	3,799
Shares Change (YoY)	0.38%	4.60%	0.94%	-0.01%	5.28%	5.55%
EPS (Basic)	0.10	0.08	0.23	0.14	0.12	0.12
EPS (Diluted)	0.10	0.08	0.23	0.14	0.12	0.12
EPS Growth	-47.42%	-63.87%	59.75%	17.10%	4.00%	1.12%
Free Cash Flow	358.37	145.12	-924.37	912.99	673.36	67.21
Free Cash Flow Per Share	0.08	0.03	-0.23	0.23	0.17	0.02
Dividend Per Share	0.025	0.025	0.044	0.029	0.036	0.012
Dividend Growth	-43.12%	-43.12%	50.34%	-19.44%	200.00%	-
Gross Margin	32.26%	35.88%	36.47%	37.54%	36.04%	39.88%
Operating Margin	20.71%	26.09%	28.25%	29.77%	25.28%	27.14%
Profit Margin	16.86%	13.33%	33.76%	21.73%	18.03%	16.33%
Free Cash Flow Margin	14.27%	5.55%	-33.82%	34.66%	24.84%	2.46%
EBITDA	1,670	1,869	2,008	1,990	2,004	2,088
EBITDA Margin	66.50%	71.46%	73.45%	75.56%	73.92%	76.35%
D&A For EBITDA	1,150	1,187	1,236	1,206	1,318	1,346
EBIT	520.13	682.42	772.14	784.1	685.25	742.1
EBIT Margin	20.71%	26.09%	28.25%	29.77%	25.28%	27.14%
Effective Tax Rate	17.05%	16.41%	-	13.92%	12.76%	14.48%
Revenue as Reported	2,512	2,616	2,733	2,634	2,710	2,734
Advertising Expenses	-	2.31	1.08	-	-	-

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