China Automotive Engineering Research Institute Co., Ltd. (SHA: 601965)

China Automotive Engineering Research Institute 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	4,299	3,982	3,267	3,806	3,378	2,729
Other Revenue	46.59	24.14	23.15	28.97	40.24	25.68
Revenue	4,345	4,007	3,291	3,835	3,418	2,755
Revenue Growth (YoY)	20.30%	21.76%	-14.20%	12.21%	24.08%	-0.13%
Cost of Revenue	2,509	2,295	1,843	2,563	2,376	1,926
Gross Profit	1,837	1,711	1,447	1,272	1,042	828.24
Selling, General & Admin	547.9	539.96	410.13	377.31	298.31	260.27
Research & Development	262.91	256.18	215.95	186.23	165.45	99.4
Other Operating Expenses	12.25	0.89	2.28	10.87	-1.69	-15.84
Operating Expenses	887.71	849.91	694.9	591.26	475.57	343.84
Operating Income	948.95	861.36	752.34	681.2	566.15	484.41
Interest Expense	-7.64	-2.32	-1.4	-0.77	-0.19	-0.14
Interest & Investment Income	66	69.09	21.89	19.07	32.94	43.39
Currency Exchange Gain (Loss)	-0.91	-1.29	-0.16	0.36	-0.3	-0.1
Other Non Operating Income (Expenses)	-3.41	0.6	-2.77	-5.25	-0.03	4.81
EBT Excluding Unusual Items	1,003	927.45	769.89	694.61	598.58	532.36
Gain (Loss) on Sale of Investments	7.91	6.26	-1.19	-1.15	-4.2	1.15
Gain (Loss) on Sale of Assets	-2.18	-0.49	-0.99	93.31	-0.73	1.69
Asset Writedown	-	-	-	-	-	-0.33
Legal Settlements	-	-	-	-1.51	-1.57	-1.63
Other Unusual Items	62.09	38.56	55.95	57.69	79.41	17.39
Pretax Income	1,071	971.77	823.67	842.96	671.48	550.67
Income Tax Expense	140.69	107.5	95.2	113.56	86.96	82.28
Earnings From Continuing Operations	930.12	864.27	728.46	729.39	584.52	468.38
Minority Interest in Earnings	-46.95	-39.05	-39.32	-37.73	-26.1	-1.46
Net Income	883.18	825.22	689.14	691.67	558.42	466.92
Net Income to Common	883.18	825.22	689.14	691.67	558.42	466.92
Net Income Growth	20.46%	19.75%	-0.36%	23.86%	19.60%	15.79%
Shares Outstanding (Basic)	981	982	971	974	980	973
Shares Outstanding (Diluted)	993	994	984	988	980	973
Shares Change (YoY)	0.09%	0.99%	-0.36%	0.86%	0.71%	1.32%
EPS (Basic)	0.90	0.84	0.71	0.71	0.57	0.48
EPS (Diluted)	0.89	0.83	0.70	0.70	0.57	0.48
EPS Growth	20.35%	18.57%	0%	22.81%	18.75%	14.29%
Free Cash Flow	62.72	364.82	311.94	342.89	-179.33	211.41
Free Cash Flow Per Share	0.06	0.37	0.32	0.35	-0.18	0.22
Dividend Per Share	0.330	0.330	0.300	0.300	0.300	0.250
Dividend Growth	10.00%	10.00%	0%	0%	20.00%	0%
Gross Margin	42.27%	42.71%	43.98%	33.18%	30.48%	30.07%
Operating Margin	21.84%	21.50%	22.86%	17.76%	16.56%	17.59%
Profit Margin	20.32%	20.60%	20.94%	18.04%	16.34%	16.95%
Free Cash Flow Margin	1.44%	9.11%	9.48%	8.94%	-5.25%	7.67%
EBITDA	1,266	1,175	1,050	957.38	814.64	662.56
EBITDA Margin	29.14%	29.34%	31.90%	24.96%	23.83%	24.05%
D&A For EBITDA	317.33	314	297.5	276.17	248.49	178.16
EBIT	948.95	861.36	752.34	681.2	566.15	484.41
EBIT Margin	21.84%	21.50%	22.86%	17.76%	16.56%	17.59%
Effective Tax Rate	13.14%	11.06%	11.56%	13.47%	12.95%	14.94%
Revenue as Reported	4,345	4,007	3,291	3,835	3,418	2,755
Advertising Expenses	-	7.17	3.97	7.96	5.97	5.64

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