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

SHA:601965 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	4,698	3,982	3,267	3,806	3,378
Other Revenue	-	24.14	23.15	28.97	40.24
Revenue	4,698	4,007	3,291	3,835	3,418
Revenue Growth (YoY)	17.25%	21.76%	-14.20%	12.21%	24.08%
Cost of Revenue	3,554	2,295	1,843	2,563	2,376
Gross Profit	1,144	1,711	1,447	1,272	1,042
Selling, General & Admin	-	539.96	410.13	377.31	298.31
Research & Development	-	256.18	215.95	186.23	165.45
Other Operating Expenses	-	0.89	2.28	10.87	-1.69
Operating Expenses	-	849.91	694.9	591.26	475.57
Operating Income	1,144	861.36	752.34	681.2	566.15
Interest Expense	-	-2.32	-1.4	-0.77	-0.19
Interest & Investment Income	-	69.09	21.89	19.07	32.94
Currency Exchange Gain (Loss)	-	-1.29	-0.16	0.36	-0.3
Other Non Operating Income (Expenses)	-1.33	0.6	-2.77	-5.25	-0.03
EBT Excluding Unusual Items	1,143	927.45	769.89	694.61	598.58
Gain (Loss) on Sale of Investments	-	6.26	-1.19	-1.15	-4.2
Gain (Loss) on Sale of Assets	-	-0.49	-0.99	93.31	-0.73
Legal Settlements	-	-	-	-1.51	-1.57
Other Unusual Items	-	38.56	55.95	57.69	79.41
Pretax Income	1,143	971.77	823.67	842.96	671.48
Income Tax Expense	228.44	107.5	95.2	113.56	86.96
Earnings From Continuing Operations	914.18	864.27	728.46	729.39	584.52
Minority Interest in Earnings	-	-39.05	-39.32	-37.73	-26.1
Net Income	914.18	825.22	689.14	691.67	558.42
Net Income to Common	914.18	825.22	689.14	691.67	558.42
Net Income Growth	10.78%	19.75%	-0.36%	23.86%	19.60%
Shares Outstanding (Basic)	994	982	971	974	980
Shares Outstanding (Diluted)	994	994	984	988	980
Shares Change (YoY)	-0.06%	0.99%	-0.36%	0.86%	0.71%
EPS (Basic)	0.92	0.84	0.71	0.71	0.57
EPS (Diluted)	0.92	0.83	0.70	0.70	0.57
EPS Growth	10.84%	18.57%	0%	22.81%	18.75%
Free Cash Flow	-	364.82	311.94	342.89	-179.33
Free Cash Flow Per Share	-	0.37	0.32	0.35	-0.18
Dividend Per Share	-	0.330	0.300	0.300	0.300
Dividend Growth	-	10.00%	0%	0%	20.00%
Gross Margin	24.35%	42.71%	43.98%	33.18%	30.48%
Operating Margin	24.35%	21.50%	22.86%	17.76%	16.56%
Profit Margin	19.46%	20.60%	20.94%	18.04%	16.34%
Free Cash Flow Margin	-	9.11%	9.48%	8.94%	-5.25%
EBITDA	1,458	1,175	1,050	957.38	814.64
EBITDA Margin	31.04%	29.34%	31.90%	24.96%	23.83%
D&A For EBITDA	314	314	297.5	276.17	248.49
EBIT	1,144	861.36	752.34	681.2	566.15
EBIT Margin	24.35%	21.50%	22.86%	17.76%	16.56%
Effective Tax Rate	19.99%	11.06%	11.56%	13.47%	12.95%
Revenue as Reported	-	4,007	3,291	3,835	3,418
Advertising Expenses	-	7.17	3.97	7.96	5.97

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