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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	21,892	18,594	13,861	14,230	11,262	6,106
Revenue Growth (YoY)	40.35%	34.14%	-2.59%	26.36%	84.45%	47.85%
Cost of Revenue	18,185	15,397	11,283	11,495	9,290	4,871
Gross Profit	3,707	3,197	2,578	2,735	1,972	1,235
Selling, General & Admin	1,095	952.15	905.85	795.22	626.8	384.65
Research & Development	1,753	1,669	1,604	1,335	1,022	703.97
Other Operating Expenses	4.58	-9.97	2.21	3.56	12.83	7.62
Operating Expenses	2,905	2,643	2,506	2,145	1,647	1,117
Operating Income	801.14	554.44	72.53	590.86	324.79	117.46
Interest Expense	-75.59	-80.87	-89.91	-49.56	-25.44	-15.3
Interest & Investment Income	30.55	27.39	47.73	67.95	6.14	3.67
Currency Exchange Gain (Loss)	19.18	26.44	-3.41	-62.44	34.64	53.73
Other Non Operating Income (Expenses)	-1.76	-3.98	-9.19	1.86	-0.52	-2.2
EBT Excluding Unusual Items	773.53	523.42	17.74	548.68	339.61	157.36
Gain (Loss) on Sale of Investments	-12.43	-	-	23.05	-11.49	-34.57
Gain (Loss) on Sale of Assets	-2.02	1.9	-0.95	-0.03	-0.29	-0.32
Other Unusual Items	76.62	52.26	59.83	41.64	33.83	56.09
Pretax Income	835.69	577.58	76.62	613.33	361.66	178.57
Income Tax Expense	-7.28	-0.43	-7.61	-6.95	3.32	-10.45
Earnings From Continuing Operations	842.98	578.02	84.23	620.28	358.34	189.02
Minority Interest in Earnings	7.02	10.21	6.48	2.29	-0.28	-
Net Income	850	588.22	90.71	622.57	358.06	189.02
Net Income to Common	850	588.22	90.71	622.57	358.06	189.02
Net Income Growth	104.59%	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)	-1.03%	-1.13%	0.70%	1.47%	3.23%	16.95%
EPS (Basic)	3.22	2.23	0.34	2.35	1.37	0.75
EPS (Diluted)	3.22	2.23	0.34	2.35	1.37	0.75
EPS Growth	106.72%	555.88%	-85.53%	71.36%	83.51%	9.20%
Free Cash Flow	26.37	450.37	751.53	162.13	-1,416	-950.03
Free Cash Flow Per Share	0.10	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	16.93%	17.19%	18.60%	19.22%	17.51%	20.22%
Operating Margin	3.66%	2.98%	0.52%	4.15%	2.88%	1.92%
Profit Margin	3.88%	3.16%	0.65%	4.38%	3.18%	3.10%
Free Cash Flow Margin	0.12%	2.42%	5.42%	1.14%	-12.57%	-15.56%
EBITDA	1,073	841.9	369.56	825.95	498.6	198.11
EBITDA Margin	4.90%	4.53%	2.67%	5.80%	4.43%	3.25%
D&A For EBITDA	271.59	287.46	297.03	235.09	173.81	80.65
EBIT	801.14	554.44	72.53	590.86	324.79	117.46
EBIT Margin	3.66%	2.98%	0.52%	4.15%	2.88%	1.92%
Effective Tax Rate	-	-	-	-	0.92%	-
Revenue as Reported	21,892	18,594	13,861	14,230	11,262	6,106
Advertising Expenses	-	-	-	-	12.84	8.26

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