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

G-bits Network Technology (Xiamen) Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	3,680	4,169	5,153	4,606	2,735	2,167
Other Revenue	16.19	16.19	14.25	12.56	7.43	3.25
Revenue	3,696	4,185	5,168	4,619	2,742	2,170
Revenue Growth (YoY)	-20.41%	-19.02%	11.88%	68.44%	26.35%	31.16%
Cost of Revenue	415.88	479.91	582.14	698.42	383.91	205.32
Gross Profit	3,280	3,705	4,585	3,921	2,358	1,965
Selling, General & Admin	1,320	1,442	1,742	1,557	534.21	410.32
Research & Development	710.98	679.36	672.61	608.62	430.57	332.18
Other Operating Expenses	43.84	11.76	-3.85	-19.68	2.64	6.69
Operating Expenses	2,072	2,130	2,411	2,136	954.88	750.37
Operating Income	1,209	1,575	2,175	1,785	1,404	1,215
Interest Expense	-1.75	-1.56	-0.37	-1.01	-2.4	-3.92
Interest & Investment Income	176.21	131.47	151.14	418.6	132.09	49.42
Currency Exchange Gain (Loss)	31.51	31.51	172.72	-35.12	-49.04	2.86
Other Non Operating Income (Expenses)	-63.77	0.02	5.93	-1.86	-5.26	-1.3
EBT Excluding Unusual Items	1,351	1,737	2,504	2,165	1,479	1,262
Gain (Loss) on Sale of Investments	-78.92	-52.93	-170.38	-33.75	66.07	-55.89
Gain (Loss) on Sale of Assets	-0.05	0.33	-0.07	0.02	-0.04	0
Asset Writedown	-47.29	-5.93	-37.58	-	-	-
Other Unusual Items	28.52	21.85	18.62	-6.76	12.98	24.4
Pretax Income	1,253	1,700	2,315	2,125	1,558	1,230
Income Tax Expense	96.84	238.88	355.44	372.38	226.37	164.01
Earnings From Continuing Operations	1,156	1,461	1,959	1,753	1,332	1,066
Minority Interest in Earnings	-233.11	-335.97	-498.62	-284.04	-285.12	-257.04
Net Income	923.31	1,125	1,461	1,468	1,046	809.19
Net Income to Common	923.31	1,125	1,461	1,468	1,046	809.19
Net Income Growth	-29.44%	-22.98%	-0.52%	40.34%	29.32%	11.93%
Shares Outstanding (Basic)	72	72	72	72	72	72
Shares Outstanding (Diluted)	72	72	72	72	72	72
Shares Change (YoY)	0.21%	0.18%	-0.03%	0.15%	0.05%	0.42%
EPS (Basic)	12.80	15.63	20.33	20.43	14.58	11.28
EPS (Diluted)	12.80	15.63	20.33	20.43	14.58	11.28
EPS Growth	-29.58%	-23.12%	-0.49%	40.12%	29.26%	11.46%
Free Cash Flow	1,166	1,130	1,709	2,399	1,464	1,239
Free Cash Flow Per Share	16.17	15.70	23.78	33.37	20.39	17.26
Dividend Per Share	6.500	7.000	17.000	16.000	12.000	5.000
Dividend Growth	-35.00%	-58.82%	6.25%	33.33%	140.00%	-50.00%
Gross Margin	88.75%	88.53%	88.73%	84.88%	86.00%	90.54%
Operating Margin	32.70%	37.64%	42.09%	38.64%	51.18%	55.97%
Profit Margin	24.98%	26.89%	28.27%	31.79%	38.16%	37.28%
Free Cash Flow Margin	31.56%	27.00%	33.07%	51.94%	53.37%	57.07%
EBITDA	1,271	1,639	2,240	1,850	1,466	1,241
EBITDA Margin	34.40%	39.16%	43.35%	40.05%	53.46%	57.19%
D&A For EBITDA	62.68	63.73	65.13	65.27	62.42	26.6
EBIT	1,209	1,575	2,175	1,785	1,404	1,215
EBIT Margin	32.70%	37.64%	42.09%	38.64%	51.18%	55.97%
Effective Tax Rate	7.73%	14.05%	15.35%	17.52%	14.53%	13.33%
Revenue as Reported	3,696	4,185	5,168	4,619	2,742	2,170

Source: S&P Capital IQ. Standard template. Financial Sources.