Quectel Wireless Solutions Co., Ltd. (SHA:603236)

SHA:603236 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	23,225	18,594	13,861	14,230	11,262	6,106
Revenue Growth (YoY)	35.50%	34.14%	-2.59%	26.36%	84.45%	47.85%
Cost of Revenue	19,237	15,397	11,283	11,495	9,290	4,871
Gross Profit	3,988	3,197	2,578	2,735	1,972	1,235
Selling, General & Admin	1,179	952.15	905.85	795.22	626.8	384.65
Research & Development	1,834	1,669	1,604	1,335	1,022	703.97
Other Operating Expenses	-37.5	-9.97	2.21	3.56	12.83	7.62
Operating Expenses	3,022	2,643	2,506	2,145	1,647	1,117
Operating Income	966.39	554.44	72.53	590.86	324.79	117.46
Interest Expense	-72.91	-80.87	-89.91	-49.56	-25.44	-15.3
Interest & Investment Income	21.3	27.39	47.73	67.95	6.14	3.67
Currency Exchange Gain (Loss)	26.44	26.44	-3.41	-62.44	34.64	53.73
Other Non Operating Income (Expenses)	11.67	-3.98	-9.19	1.86	-0.52	-2.2
EBT Excluding Unusual Items	952.89	523.42	17.74	548.68	339.61	157.36
Gain (Loss) on Sale of Investments	-15.07	-	-	23.05	-11.49	-34.57
Gain (Loss) on Sale of Assets	-2.05	1.9	-0.95	-0.03	-0.29	-0.32
Asset Writedown	-35.37	-	-	-	-	-
Other Unusual Items	49.13	52.26	59.83	41.64	33.83	56.09
Pretax Income	949.53	577.58	76.62	613.33	361.66	178.57
Income Tax Expense	-8.6	-0.43	-7.61	-6.95	3.32	-10.45
Earnings From Continuing Operations	958.13	578.02	84.23	620.28	358.34	189.02
Minority Interest in Earnings	6.91	10.21	6.48	2.29	-0.28	-
Net Income	965.04	588.22	90.71	622.57	358.06	189.02
Net Income to Common	965.04	588.22	90.71	622.57	358.06	189.02
Net Income Growth	107.36%	548.50%	-85.43%	73.87%	89.43%	27.71%
Shares Outstanding (Basic)	264	264	267	265	261	253
Shares Outstanding (Diluted)	264	264	267	265	261	253
Shares Change (YoY)	-2.51%	-1.13%	0.70%	1.47%	3.23%	16.95%
EPS (Basic)	3.66	2.23	0.34	2.35	1.37	0.75
EPS (Diluted)	3.66	2.23	0.34	2.35	1.37	0.75
EPS Growth	112.71%	555.88%	-85.53%	71.36%	83.51%	9.20%
Free Cash Flow	-947.41	450.37	751.53	162.13	-1,416	-950.03
Free Cash Flow Per Share	-3.60	1.71	2.82	0.61	-5.42	-3.76
Dividend Per Share	0.970	0.680	0.110	0.714	0.407	0.215
Dividend Growth	162.16%	518.18%	-84.60%	75.68%	88.68%	22.37%
Gross Margin	17.17%	17.19%	18.60%	19.22%	17.51%	20.22%
Operating Margin	4.16%	2.98%	0.52%	4.15%	2.88%	1.92%
Profit Margin	4.15%	3.16%	0.65%	4.38%	3.18%	3.10%
Free Cash Flow Margin	-4.08%	2.42%	5.42%	1.14%	-12.57%	-15.56%
EBITDA	1,247	841.9	369.56	825.95	498.6	198.11
EBITDA Margin	5.37%	4.53%	2.67%	5.80%	4.43%	3.25%
D&A For EBITDA	280.29	287.46	297.03	235.09	173.81	80.65
EBIT	966.39	554.44	72.53	590.86	324.79	117.46
EBIT Margin	4.16%	2.98%	0.52%	4.15%	2.88%	1.92%
Effective Tax Rate	-	-	-	-	0.92%	-
Revenue as Reported	23,225	18,594	13,861	14,230	11,262	6,106
Advertising Expenses	-	-	-	-	12.84	8.26

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