Shenzhen Kinwong Electronic Co., Ltd. (SHA:603228)

SHA:603228 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	13,098	11,985	10,241	10,092	9,195	6,903
Other Revenue	789.42	674.54	516.37	422.08	337.11	160.52
Revenue	13,887	12,659	10,757	10,514	9,532	7,064
Revenue Growth (YoY)	19.07%	17.68%	2.31%	10.30%	34.95%	11.55%
Cost of Revenue	10,968	9,839	8,313	8,213	7,356	5,082
Gross Profit	2,920	2,820	2,444	2,301	2,177	1,982
Selling, General & Admin	877.19	800.88	669.71	574.64	592.6	565.7
Research & Development	853.27	757.59	600.7	545.93	457.72	355.61
Other Operating Expenses	113.58	0.45	60.49	58.55	41.72	32.15
Operating Expenses	1,887	1,589	1,338	1,201	1,129	967.9
Operating Income	1,033	1,231	1,106	1,100	1,048	1,014
Interest Expense	-30.7	-28.1	-38.72	-18.24	-5.65	-5.42
Interest & Investment Income	46.32	48.29	31.26	12.25	46.44	43.03
Currency Exchange Gain (Loss)	69.24	45.98	32.1	102.51	-57.11	-57.94
Other Non Operating Income (Expenses)	-52.44	-87.83	-109.55	-76.69	-73.99	-27.52
EBT Excluding Unusual Items	1,066	1,210	1,021	1,120	957.26	966.28
Gain (Loss) on Sale of Investments	58.01	-11.82	-51.25	9.55	0.8	-
Gain (Loss) on Sale of Assets	-6.47	-8.83	-2.96	-12.9	-3.16	-4.33
Asset Writedown	-5.49	-6.71	-17.86	-23.36	-4.48	-11.18
Other Unusual Items	201.96	138.08	98.81	132.53	92.21	102.99
Pretax Income	1,314	1,320	1,048	1,226	1,043	1,054
Income Tax Expense	151.89	160.23	136.5	144.57	112.01	129.09
Earnings From Continuing Operations	1,162	1,160	911.03	1,081	930.62	924.67
Minority Interest in Earnings	0.42	8.82	25.22	-15.3	4.64	-3.68
Net Income	1,162	1,169	936.25	1,066	935.25	920.99
Net Income to Common	1,162	1,169	936.25	1,066	935.25	920.99
Net Income Growth	-2.26%	24.86%	-12.16%	13.96%	1.55%	10.02%
Shares Outstanding (Basic)	909	872	843	839	843	837
Shares Outstanding (Diluted)	909	872	843	839	843	837
Shares Change (YoY)	7.75%	3.43%	0.50%	-0.40%	0.63%	2.02%
EPS (Basic)	1.28	1.34	1.11	1.27	1.11	1.10
EPS (Diluted)	1.28	1.34	1.11	1.27	1.11	1.10
EPS Growth	-9.29%	20.72%	-12.60%	14.41%	0.91%	7.84%
Free Cash Flow	-192.13	443.09	652.96	-333.16	-1,245	-349.76
Free Cash Flow Per Share	-0.21	0.51	0.77	-0.40	-1.48	-0.42
Dividend Per Share	0.800	0.800	0.500	0.500	0.300	0.300
Dividend Growth	60.00%	60.00%	-	66.67%	-	39.99%
Gross Margin	21.02%	22.28%	22.72%	21.88%	22.83%	28.06%
Operating Margin	7.44%	9.73%	10.28%	10.46%	10.99%	14.36%
Profit Margin	8.37%	9.23%	8.70%	10.14%	9.81%	13.04%
Free Cash Flow Margin	-1.38%	3.50%	6.07%	-3.17%	-13.06%	-4.95%
EBITDA	1,819	1,976	1,829	1,718	1,452	1,342
EBITDA Margin	13.10%	15.61%	17.00%	16.34%	15.23%	19.00%
D&A For EBITDA	786.2	744.38	723.25	617.72	404.64	328.29
EBIT	1,033	1,231	1,106	1,100	1,048	1,014
EBIT Margin	7.44%	9.73%	10.28%	10.46%	10.99%	14.36%
Effective Tax Rate	11.56%	12.13%	13.03%	11.79%	10.74%	12.25%
Revenue as Reported	13,887	12,659	10,757	10,514	9,532	7,064

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