G-bits Network Technology (Xiamen) Co., Ltd. (SHA:603444)

SHA:603444 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,696	4,169	5,153	4,606	2,735
Other Revenue	-	16.19	14.25	12.56	7.43
Revenue	3,696	4,185	5,168	4,619	2,742
Revenue Growth (YoY)	-11.69%	-19.02%	11.88%	68.44%	26.35%
Cost of Revenue	448.48	479.91	582.14	698.42	383.91
Gross Profit	3,247	3,705	4,585	3,921	2,358
Selling, General & Admin	1,293	1,442	1,742	1,557	534.21
Research & Development	757.63	679.36	672.61	608.62	430.57
Other Operating Expenses	8.31	11.76	-3.85	-19.68	2.64
Operating Expenses	2,059	2,130	2,411	2,136	954.88
Operating Income	1,189	1,575	2,175	1,785	1,404
Interest Expense	-	-1.56	-0.37	-1.01	-2.4
Interest & Investment Income	73.24	131.47	151.14	418.6	132.09
Currency Exchange Gain (Loss)	-	31.51	172.72	-35.12	-49.04
Other Non Operating Income (Expenses)	138.32	0.02	5.93	-1.86	-5.26
EBT Excluding Unusual Items	1,400	1,737	2,504	2,165	1,479
Gain (Loss) on Sale of Investments	-11.82	-52.93	-170.38	-33.75	66.07
Gain (Loss) on Sale of Assets	0.02	0.33	-0.07	0.02	-0.04
Asset Writedown	-101.85	-5.93	-37.58	-	-
Other Unusual Items	-	21.85	18.62	-6.76	12.98
Pretax Income	1,287	1,700	2,315	2,125	1,558
Income Tax Expense	107.59	238.88	355.44	372.38	226.37
Earnings From Continuing Operations	1,179	1,461	1,959	1,753	1,332
Minority Interest in Earnings	-234.01	-335.97	-498.62	-284.04	-285.12
Net Income	944.92	1,125	1,461	1,468	1,046
Net Income to Common	944.92	1,125	1,461	1,468	1,046
Net Income Growth	-16.02%	-22.98%	-0.52%	40.34%	29.32%
Shares Outstanding (Basic)	72	72	72	72	72
Shares Outstanding (Diluted)	72	72	72	72	72
Shares Change (YoY)	-0.18%	0.18%	-0.03%	0.15%	0.05%
EPS (Basic)	13.15	15.63	20.33	20.43	14.58
EPS (Diluted)	13.15	15.63	20.33	20.43	14.58
EPS Growth	-15.87%	-23.12%	-0.49%	40.12%	29.25%
Free Cash Flow	1,225	1,130	1,709	2,399	1,464
Free Cash Flow Per Share	17.05	15.70	23.78	33.38	20.39
Dividend Per Share	-	7.000	17.000	16.000	12.000
Dividend Growth	-	-58.82%	6.25%	33.33%	140.00%
Gross Margin	87.87%	88.53%	88.73%	84.88%	86.00%
Operating Margin	32.16%	37.64%	42.09%	38.64%	51.18%
Profit Margin	25.57%	26.89%	28.27%	31.79%	38.16%
Free Cash Flow Margin	33.15%	27.00%	33.07%	51.94%	53.37%
EBITDA	1,249	1,639	2,240	1,850	1,466
EBITDA Margin	33.78%	39.16%	43.35%	40.05%	53.46%
D&A For EBITDA	59.95	63.73	65.13	65.27	62.42
EBIT	1,189	1,575	2,175	1,785	1,404
EBIT Margin	32.16%	37.64%	42.09%	38.64%	51.18%
Effective Tax Rate	8.36%	14.05%	15.35%	17.52%	14.53%
Revenue as Reported	-	4,185	5,168	4,619	2,742

Updated Oct 24, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.