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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	19,861	18,594	13,861	14,230	11,262	6,106
Revenue Growth (YoY)	35.31%	34.14%	-2.59%	26.36%	84.45%	47.85%
Cost of Revenue	16,404	15,397	11,283	11,495	9,290	4,871
Gross Profit	3,458	3,197	2,578	2,735	1,972	1,235
Selling, General & Admin	1,007	952.15	905.85	795.22	626.8	384.65
Research & Development	1,718	1,669	1,604	1,335	1,022	703.97
Other Operating Expenses	-19.87	-9.97	2.21	3.56	12.83	7.62
Operating Expenses	2,719	2,643	2,506	2,145	1,647	1,117
Operating Income	738.94	554.44	72.53	590.86	324.79	117.46
Interest Expense	-80.56	-80.87	-89.91	-49.56	-25.44	-15.3
Interest & Investment Income	26.8	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)	1.29	-3.98	-9.19	1.86	-0.52	-2.2
EBT Excluding Unusual Items	712.9	523.42	17.74	548.68	339.61	157.36
Gain (Loss) on Sale of Investments	-0	-	-	23.05	-11.49	-34.57
Gain (Loss) on Sale of Assets	3.15	1.9	-0.95	-0.03	-0.29	-0.32
Asset Writedown	-30.05	-	-	-	-	-
Other Unusual Items	51.32	52.26	59.83	41.64	33.83	56.09
Pretax Income	737.33	577.58	76.62	613.33	361.66	178.57
Income Tax Expense	0.86	-0.43	-7.61	-6.95	3.32	-10.45
Earnings From Continuing Operations	736.47	578.02	84.23	620.28	358.34	189.02
Minority Interest in Earnings	8.88	10.21	6.48	2.29	-0.28	-
Net Income	745.35	588.22	90.71	622.57	358.06	189.02
Net Income to Common	745.35	588.22	90.71	622.57	358.06	189.02
Net Income Growth	165.84%	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)	-0.70%	-1.13%	0.70%	1.47%	3.23%	16.95%
EPS (Basic)	2.82	2.23	0.34	2.35	1.37	0.75
EPS (Diluted)	2.82	2.23	0.34	2.35	1.37	0.75
EPS Growth	167.72%	555.88%	-85.53%	71.36%	83.51%	9.20%
Free Cash Flow	452.38	450.37	751.53	162.13	-1,416	-950.03
Free Cash Flow Per Share	1.71	1.71	2.82	0.61	-5.42	-3.76
Dividend Per Share	0.680	0.680	0.110	0.714	0.407	0.215
Dividend Growth	518.18%	518.18%	-84.60%	75.68%	88.68%	22.37%
Gross Margin	17.41%	17.19%	18.60%	19.22%	17.51%	20.22%
Operating Margin	3.72%	2.98%	0.52%	4.15%	2.88%	1.92%
Profit Margin	3.75%	3.16%	0.65%	4.38%	3.18%	3.10%
Free Cash Flow Margin	2.28%	2.42%	5.42%	1.14%	-12.57%	-15.56%
EBITDA	1,024	841.9	369.56	825.95	498.6	198.11
EBITDA Margin	5.16%	4.53%	2.67%	5.80%	4.43%	3.25%
D&A For EBITDA	285.07	287.46	297.03	235.09	173.81	80.65
EBIT	738.94	554.44	72.53	590.86	324.79	117.46
EBIT Margin	3.72%	2.98%	0.52%	4.15%	2.88%	1.92%
Effective Tax Rate	0.12%	-	-	-	0.92%	-
Revenue as Reported	19,861	18,594	13,861	14,230	11,262	6,106
Advertising Expenses	-	-	-	-	12.84	8.26

Updated Oct 21, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.