Harbin VITI Electronics Co., Ltd. (SHA:603023)

Harbin VITI Electronics 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	102.54	64.86	52.54	74.15	69.9	84.54
Other Revenue	1.19	0.38	0.45	0.02	1.09	-
Revenue	103.73	65.24	53	74.17	71	84.54
Revenue Growth (YoY)	82.93%	23.10%	-28.55%	4.47%	-16.02%	-38.78%
Cost of Revenue	86.51	49.23	46.49	48.04	49.03	51.19
Gross Profit	17.22	16.01	6.51	26.13	21.96	33.36
Selling, General & Admin	13.55	11.71	27.67	22.77	12.72	17.52
Research & Development	13.11	11.04	13.84	14.26	12.83	12.63
Other Operating Expenses	1.14	-0.06	-0.09	-1.49	-0.64	-1.5
Operating Expenses	27.61	21.5	40.18	37.41	26.59	28.23
Operating Income	-10.39	-5.49	-33.67	-11.27	-4.63	5.12
Interest Expense	-0.43	-	-0.4	-0.06	-	-4.52
Interest & Investment Income	7.52	9.62	13.47	10.73	10.61	10.99
Other Non Operating Income (Expenses)	0.7	0.12	-0.17	0	-0.19	-0.36
EBT Excluding Unusual Items	-2.61	4.26	-20.78	-0.61	5.79	11.24
Gain (Loss) on Sale of Investments	0.02	0.02	-0.38	-	0.11	-
Gain (Loss) on Sale of Assets	0.13	-	0.05	-	-	-
Asset Writedown	0.27	-0.12	-0.93	-0.97	-	-
Other Unusual Items	0.66	0.37	0.57	0.01	0.3	5.17
Pretax Income	-1.53	4.52	-21.46	-1.57	6.19	16.41
Income Tax Expense	-1.3	-0.53	-2.75	-2.39	-0.5	0.71
Earnings From Continuing Operations	-0.23	5.06	-18.7	0.82	6.69	15.7
Minority Interest in Earnings	0.87	-0	2.97	3.59	-	-
Net Income	0.63	5.06	-15.74	4.41	6.69	15.7
Net Income to Common	0.63	5.06	-15.74	4.41	6.69	15.7
Net Income Growth	-	-	-	-34.15%	-57.37%	-31.31%
Shares Outstanding (Basic)	561	562	562	562	558	523
Shares Outstanding (Diluted)	561	562	562	562	558	523
Shares Change (YoY)	-3.18%	-0.07%	0.01%	0.80%	6.58%	-8.42%
EPS (Basic)	0.00	0.01	-0.03	0.01	0.01	0.03
EPS (Diluted)	0.00	0.01	-0.03	0.01	0.01	0.03
EPS Growth	-	-	-	-34.68%	-60.00%	-25.00%
Free Cash Flow	-9.55	23.53	14.74	-49.07	34.32	40.41
Free Cash Flow Per Share	-0.02	0.04	0.03	-0.09	0.06	0.08
Dividend Per Share	-	-	-	0.050	-	-
Gross Margin	16.60%	24.54%	12.28%	35.23%	30.94%	39.45%
Operating Margin	-10.02%	-8.42%	-63.54%	-15.20%	-6.52%	6.06%
Profit Margin	0.61%	7.75%	-29.70%	5.94%	9.42%	18.57%
Free Cash Flow Margin	-9.21%	36.06%	27.81%	-66.16%	48.34%	47.80%
EBITDA	-3.31	2.43	-22.5	-1.91	5.39	15.62
EBITDA Margin	-3.19%	3.72%	-42.46%	-2.57%	7.60%	18.48%
D&A For EBITDA	7.09	7.92	11.17	9.37	10.02	10.5
EBIT	-10.39	-5.49	-33.67	-11.27	-4.63	5.12
EBIT Margin	-10.02%	-8.42%	-63.54%	-15.20%	-6.52%	6.06%
Effective Tax Rate	-	-	-	-	-	4.33%
Revenue as Reported	103.73	65.24	53	74.17	71	84.54
Advertising Expenses	-	-	0.02	0.04	0.23	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.